First National Bank of Mount Dora Trust Investment Services boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 29.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,816 shares of the financial services provider’s stock after acquiring an additional 7,173 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in JPMorgan Chase & Co. were worth $4,146,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Twin Lakes Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.5% in the fourth quarter. Twin Lakes Capital Management LLC now owns 13,786 shares of the financial services provider’s stock worth $1,849,000 after acquiring an additional 71 shares in the last quarter. Karpas Strategies LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.3% in the fourth quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock worth $2,898,000 after acquiring an additional 71 shares in the last quarter. Oxler Private Wealth LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.9% in the fourth quarter. Oxler Private Wealth LLC now owns 8,158 shares of the financial services provider’s stock worth $1,094,000 after acquiring an additional 71 shares in the last quarter. Sanford Advisory Services LLC increased its holdings in shares of JPMorgan Chase & Co. by 2.4% in the fourth quarter. Sanford Advisory Services LLC now owns 3,176 shares of the financial services provider’s stock worth $426,000 after acquiring an additional 73 shares in the last quarter. Finally, Gould Asset Management LLC CA increased its holdings in shares of JPMorgan Chase & Co. by 1.2% in the fourth quarter. Gould Asset Management LLC CA now owns 6,580 shares of the financial services provider’s stock worth $882,000 after acquiring an additional 75 shares in the last quarter. 70.10% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Vice Chairman Peter Scher sold 1,240 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $135.02, for a total transaction of $167,424.80. Following the completion of the sale, the insider now directly owns 45,056 shares of the company’s stock, valued at approximately $6,083,461.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Daniel E. Pinto sold 113,640 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Peter Scher sold 1,240 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $135.02, for a total value of $167,424.80. Following the transaction, the insider now owns 45,056 shares in the company, valued at approximately $6,083,461.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,861 shares of company stock valued at $19,858,275. Insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Stock Performance
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.69. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The company had revenue of $38.35 billion during the quarter, compared to analysts’ expectations of $35.77 billion. During the same period last year, the firm posted $2.63 earnings per share. The business’s revenue was up 24.8% on a year-over-year basis. On average, equities research analysts expect that JPMorgan Chase & Co. will post 14.35 earnings per share for the current year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be given a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.88%. JPMorgan Chase & Co.’s payout ratio is 29.52%.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on JPM shares. Morgan Stanley increased their price target on JPMorgan Chase & Co. from $157.00 to $160.00 in a report on Tuesday, May 23rd. Piper Sandler increased their price objective on JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a report on Monday, April 17th. Keefe, Bruyette & Woods increased their price objective on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the stock a “market perform” rating in a report on Monday, April 17th. Jefferies Financial Group decreased their price objective on JPMorgan Chase & Co. from $152.00 to $149.00 in a report on Monday, May 15th. Finally, Odeon Capital Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Monday, May 1st. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $157.65.
About JPMorgan Chase & Co.
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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