Sabal Trust CO Sells 1,455 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Jul 19th, 2023

Sabal Trust CO trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 277,245 shares of the financial services provider’s stock after selling 1,455 shares during the period. JPMorgan Chase & Co. accounts for 2.5% of Sabal Trust CO’s portfolio, making the stock its 11th largest holding. Sabal Trust CO’s holdings in JPMorgan Chase & Co. were worth $36,128,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of JPM. Moneta Group Investment Advisors LLC raised its position in shares of 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 valued at $13,141,876,000 after purchasing an additional 97,907,897 shares during the period. Norges Bank bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $3,894,646,000. Price T Rowe Associates Inc. MD raised its position in shares of JPMorgan Chase & Co. by 71.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,484,094 shares of the financial services provider’s stock valued at $4,087,917,000 after purchasing an additional 12,654,947 shares during the period. Morgan Stanley raised its position in shares of 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. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $556,791,000. 70.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JPM has been the topic of several recent analyst reports. Evercore ISI decreased their price objective on shares of JPMorgan Chase & Co. from $155.00 to $151.00 in a research report on Friday, May 12th. Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $174.00 to $180.00 in a research report on Monday. Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $160.00 to $173.00 and gave the company an “overweight” rating in a research note on Tuesday. 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. Finally, StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 18th. They set a “hold” rating for the company. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.65.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $153.66 on Wednesday. The company’s 50-day moving average price is $141.20 and its 200-day moving average price is $138.18. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $154.40. The company has a quick ratio of 0.85, a current ratio of 0.90 and a debt-to-equity ratio of 1.28. The company has a market cap of $449.04 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 2.08 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings results on Friday, July 14th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $3.62 by $0.75. The company had revenue of $42.40 billion for the quarter, compared to the consensus estimate of $38.66 billion. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. The firm’s revenue was up 34.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.76 EPS. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 14.39 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be issued a dividend of $1.00 per share. 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 payout ratio is 25.74%.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Daniel E. Pinto sold 113,640 shares of the company’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 transaction, the chief executive officer now directly owns 566,665 shares in the company, valued at approximately $77,026,773.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Daniel E. Pinto sold 113,640 shares of the company’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 transaction, the chief executive officer now directly owns 566,665 shares in the company, valued at approximately $77,026,773.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas B. Petno sold 4,932 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $134.90, for a total transaction of $665,326.80. Following the transaction, the chief executive officer now 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 worth $19,858,275. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Profile

(Free Report)

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.