Moody National Bank Trust Division lifted its position in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 0.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 62,476 shares of the financial services provider’s stock after purchasing an additional 461 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.7% of Moody National Bank Trust Division’s holdings, making the stock its 14th biggest holding. Moody National Bank Trust Division’s holdings in JPMorgan Chase & Co. were worth $8,141,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in JPM. Retirement Financial Solutions LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth about $26,000. Adirondack Retirement Specialists Inc. increased its stake in shares of JPMorgan Chase & Co. by 510.8% in the 1st quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 189 shares during the last quarter. Creative Capital Management Investments LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $30,000. Boulder Wealth Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $43,000. Finally, Capital Directions Investment Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $44,000. Institutional investors own 70.10% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently weighed in on JPM. Odeon Capital Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. Credit Suisse Group raised their price target on JPMorgan Chase & Co. from $155.00 to $160.00 in a report on Tuesday, April 18th. Royal Bank of Canada cut their price target on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a report on Friday, March 24th. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a report on Monday, April 17th. Finally, Citigroup dropped their target price on JPMorgan Chase & Co. from $165.00 to $160.00 in a report on Monday, June 26th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average target price of $157.35.
JPMorgan Chase & Co. Price Performance
JPMorgan Chase & Co. (NYSE:JPM – Free Report) last released its earnings results on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, topping the consensus estimate 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 business had revenue of $38.35 billion for the quarter, compared to the consensus estimate of $35.77 billion. During the same period in the previous year, the company posted $2.63 earnings per share. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. On average, equities research analysts predict that JPMorgan Chase & Co. will post 14.53 EPS for the current year.
JPMorgan Chase & Co. Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 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 completion of the transaction, the insider now owns 195,356 shares of the company’s stock, valued at $26,373,060. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Douglas B. Petno sold 4,930 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $142.16, for a total value of $700,848.80. Following the transaction, the chief executive officer now directly owns 277,161 shares in the company, valued at $39,401,207.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ashley Bacon sold 16,766 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $135.00, for a total value of $2,263,410.00. Following the completion of the transaction, the insider now owns 195,356 shares in the company, valued at $26,373,060. The disclosure for this sale can be found here. Insiders sold a total of 145,861 shares of company stock worth $19,858,275 over the last quarter. 0.79% of the stock is currently owned by corporate insiders.
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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