Trust Co. of Vermont lifted its position in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 4.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 191,833 shares of the financial services provider’s stock after purchasing an additional 7,440 shares during the period. JPMorgan Chase & Co. accounts for about 1.7% of Trust Co. of Vermont’s investment portfolio, making the stock its 7th biggest position. Trust Co. of Vermont’s holdings in JPMorgan Chase & Co. were worth $24,998,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of JPMorgan Chase & Co. by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock worth $28,480,408,000 after buying an additional 2,918,554 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in JPMorgan Chase & Co. by 105,652.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after acquiring an additional 97,907,897 shares in the last quarter. Morgan Stanley increased its position in JPMorgan Chase & Co. by 15.9% during the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after purchasing an additional 8,088,433 shares during the period. Geode Capital Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 51,248,625 shares of the financial services provider’s stock valued at $6,859,512,000 after purchasing an additional 1,082,325 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of JPMorgan Chase & Co. by 71.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,484,094 shares of the financial services provider’s stock worth $4,087,917,000 after purchasing an additional 12,654,947 shares during the period. Institutional investors own 70.10% of the company’s stock.
JPMorgan Chase & Co. Trading Down 0.5 %
Shares of NYSE:JPM opened at $142.53 on Wednesday. The business has a 50-day moving average price of $138.22 and a 200-day moving average price of $136.35. The stock has a market cap of $416.51 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 2.00 and a beta of 1.10. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $144.34. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.07.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.81%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s payout ratio is 29.52%.
Insiders Place Their Bets
In other news, insider Ashley Bacon sold 16,766 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $135.00, for a total value of $2,263,410.00. Following the sale, the insider now owns 195,356 shares in the company, valued at $26,373,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Ashley Bacon sold 16,766 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $135.00, for a total transaction of $2,263,410.00. Following the transaction, the insider now owns 195,356 shares in the company, valued at approximately $26,373,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel E. Pinto sold 113,640 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the completion of the sale, the chief executive officer now directly owns 566,665 shares of the company’s stock, valued at approximately $77,026,773.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 145,861 shares of company stock valued at $19,858,275. Company insiders own 0.79% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on JPM shares. The Goldman Sachs Group lifted their price objective on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a report on Friday, April 14th. Evercore ISI reduced their price target on JPMorgan Chase & Co. from $155.00 to $151.00 in a research report on Friday, May 12th. 92 Resources reaffirmed a “maintains” rating on shares of JPMorgan Chase & Co. in a research report on Friday, May 12th. Bank of America boosted their target price on shares of JPMorgan Chase & Co. from $152.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, April 17th. Finally, Keefe, Bruyette & Woods raised their price target on shares of JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a report on Monday, April 17th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $157.65.
JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
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