First National Trust Co lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 248,423 shares of the financial services provider’s stock after selling 6,845 shares during the period. JPMorgan Chase & Co. accounts for 1.7% of First National Trust Co’s portfolio, making the stock its 10th largest holding. First National Trust Co’s holdings in JPMorgan Chase & Co. were worth $32,372,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Chicago Partners Investment Group LLC raised its position in JPMorgan Chase & Co. by 7.8% in the 1st quarter. Chicago Partners Investment Group LLC now owns 87,702 shares of the financial services provider’s stock worth $12,342,000 after purchasing an additional 6,368 shares during the last quarter. Wright Investors Service Inc. raised its position in JPMorgan Chase & Co. by 7.0% in the 1st quarter. Wright Investors Service Inc. now owns 58,677 shares of the financial services provider’s stock worth $7,646,000 after purchasing an additional 3,814 shares during the last quarter. IFG Advisory LLC raised its position in JPMorgan Chase & Co. by 11.0% in the 1st quarter. IFG Advisory LLC now owns 26,323 shares of the financial services provider’s stock worth $3,430,000 after purchasing an additional 2,613 shares during the last quarter. Caprock Group LLC raised its position in JPMorgan Chase & Co. by 12.2% in the 1st quarter. Caprock Group LLC now owns 35,372 shares of the financial services provider’s stock worth $4,609,000 after purchasing an additional 3,833 shares during the last quarter. Finally, Bard Financial Services Inc. raised its position in JPMorgan Chase & Co. by 0.3% in the 1st quarter. Bard Financial Services Inc. now owns 58,940 shares of the financial services provider’s stock worth $7,680,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 70.10% of the company’s stock.
JPMorgan Chase & Co. Trading Up 0.2 %
JPM opened at $153.66 on Wednesday. The stock has a market capitalization of $449.04 billion, a P/E ratio of 9.89, a P/E/G ratio of 2.08 and a beta of 1.10. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $154.40. The firm’s fifty day simple moving average is $141.20 and its 200 day simple moving average is $138.18. The company has a current ratio of 0.90, a quick ratio of 0.85 and a debt-to-equity ratio of 1.28.
JPMorgan Chase & Co. Announces Dividend
The business 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 $1.00 dividend. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $4.00 annualized dividend and a yield of 2.60%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.74%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on JPM. Odeon Capital Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. Evercore ISI dropped their price objective on shares of JPMorgan Chase & Co. from $155.00 to $151.00 in a research report on Friday, May 12th. Morgan Stanley lifted their target price on shares of JPMorgan Chase & Co. from $160.00 to $173.00 and gave the stock an “overweight” rating in a report on Tuesday. Royal Bank of Canada lowered their target price on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a report on Friday, March 24th. Finally, Barclays lifted their target price on shares of JPMorgan Chase & Co. from $179.00 to $182.00 in a report on Sunday. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $164.65.
Insider Activity at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 113,640 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 113,640 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas B. Petno sold 4,932 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $134.90, for a total transaction of $665,326.80. Following the sale, the chief executive officer now directly owns 282,091 shares in the company, valued at $38,054,075.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 145,861 shares of company stock valued at $19,858,275. 0.79% of the stock is owned by corporate insiders.
JPMorgan Chase & Co. 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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