AMG National Trust Bank Sells 358 Shares of JPMorgan Chase & Co. (NYSE:JPM)

AMG National Trust Bank cut its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,642 shares of the financial services provider’s stock after selling 358 shares during the quarter. AMG National Trust Bank’s holdings in JPMorgan Chase & Co. were worth $7,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of JPM. ProVise Management Group LLC raised its position in shares of JPMorgan Chase & Co. by 1.0% during the 3rd quarter. ProVise Management Group LLC now owns 120,450 shares of the financial services provider’s stock valued at $17,468,000 after buying an additional 1,249 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 1.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 221,342 shares of the financial services provider’s stock valued at $32,099,000 after buying an additional 3,666 shares in the last quarter. Greenup Street Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 27.5% during the 3rd quarter. Greenup Street Wealth Management LLC now owns 9,310 shares of the financial services provider’s stock valued at $1,350,000 after buying an additional 2,008 shares in the last quarter. Westchester Capital Management Inc. raised its position in shares of JPMorgan Chase & Co. by 0.3% during the 3rd quarter. Westchester Capital Management Inc. now owns 94,587 shares of the financial services provider’s stock valued at $13,717,000 after buying an additional 245 shares in the last quarter. Finally, Payden & Rygel Investment Group purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $28,523,000. 68.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JPM has been the topic of several research reports. Piper Sandler raised their price objective on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Odeon Capital Group cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a research report on Thursday, November 2nd. Morgan Stanley increased their target price on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Oppenheimer lifted their target price on shares of JPMorgan Chase & Co. from $232.00 to $238.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Finally, Barclays lifted their target price on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.11.

View Our Latest Stock Analysis on JPMorgan Chase & Co.

Insider Buying and Selling

In related news, CEO Marianne Lake sold 32,243 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total transaction of $5,158,880.00. Following the sale, the chief executive officer now owns 131,962 shares of the company’s stock, valued at $21,113,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Marianne Lake sold 32,243 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total value of $5,158,880.00. Following the transaction, the chief executive officer now owns 131,962 shares in the company, valued at $21,113,920. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jennifer Piepszak sold 1,649 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total transaction of $274,706.91. Following the completion of the transaction, the chief executive officer now owns 34,467 shares in the company, valued at approximately $5,741,857.53. The disclosure for this sale can be found here. Insiders have sold 39,072 shares of company stock valued at $6,297,103 over the last quarter. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.1 %

NYSE:JPM opened at $174.96 on Friday. JPMorgan Chase & Co. has a one year low of $123.11 and a one year high of $178.30. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.90. The company’s 50-day simple moving average is $168.65 and its 200 day simple moving average is $155.31. The firm has a market capitalization of $503.30 billion, a P/E ratio of 10.79, a PEG ratio of 2.21 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The business had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. During the same period in the previous year, the firm earned $3.57 EPS. The company’s revenue was up 11.7% on a year-over-year basis. As a group, analysts forecast that JPMorgan Chase & Co. will post 15.87 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Thursday, January 4th were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 2.40%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is currently 25.89%.

About JPMorgan Chase & Co.

(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.

See Also

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

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