Arden Trust Co Has $5.99 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Arden Trust Co reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,972 shares of the financial services provider’s stock after selling 2,209 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.2% of Arden Trust Co’s portfolio, making the stock its 15th largest position. Arden Trust Co’s holdings in JPMorgan Chase & Co. were worth $5,994,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of JPM. Lowe Wealth Advisors LLC lifted its stake in JPMorgan Chase & Co. by 230.0% in the fourth quarter. Lowe Wealth Advisors LLC now owns 165 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 115 shares during the last quarter. MFA Wealth Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $32,000. Carolina Wealth Advisors LLC lifted its stake in JPMorgan Chase & Co. by 176.5% in the fourth quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 150 shares during the last quarter. Evolution Advisers Inc. acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $52,000. Finally, Leverty Financial Group LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 70.35% of the company’s stock.

In other news, insider Ashley Bacon sold 21,012 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of $130.04, for a total value of $2,732,400.48. Following the completion of the transaction, the insider now owns 178,588 shares in the company, valued at $23,223,583.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jennifer Piepszak sold 4,668 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, April 14th. The shares were sold at an average price of $126.19, for a total transaction of $589,054.92. Following the completion of the transaction, the chief executive officer now owns 11,135 shares of the company’s stock, valued at approximately $1,405,125.65. The disclosure for this sale can be found here. 0.79% of the stock is owned by company insiders.

JPM stock opened at $115.18 on Thursday. JPMorgan Chase & Co. has a twelve month low of $111.87 and a twelve month high of $172.96. The company has a market cap of $338.29 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 2.01 and a beta of 1.11. The business’s 50-day simple moving average is $123.36 and its 200 day simple moving average is $139.80. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.16.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly earnings results on Wednesday, April 13th. The financial services provider reported $2.63 EPS for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.10). The business had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $30.53 billion. JPMorgan Chase & Co. had a return on equity of 16.58% and a net margin of 33.61%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.50 EPS. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 11.23 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is 29.67%.

A number of analysts have issued reports on JPM shares. StockNews.com started coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Piper Sandler upped their price objective on shares of JPMorgan Chase & Co. from $165.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, April 14th. Wells Fargo & Company lifted their target price on shares of JPMorgan Chase & Co. from $145.00 to $150.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 24th. UBS Group set a $197.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 2nd. Finally, The Goldman Sachs Group set a $151.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Thursday, April 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $161.83.

About JPMorgan Chase & Co. (Get Rating)

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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

See Also

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMGet Rating).

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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