JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by First National Trust Co

First National Trust Co trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 224,645 shares of the financial services provider’s stock after selling 20,569 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.7% of First National Trust Co’s portfolio, making the stock its 11th largest holding. First National Trust Co’s holdings in JPMorgan Chase & Co. were worth $38,212,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. SkyOak Wealth LLC lifted its position in shares of JPMorgan Chase & Co. by 0.3% during the 3rd quarter. SkyOak Wealth LLC now owns 28,019 shares of the financial services provider’s stock valued at $4,063,000 after acquiring an additional 71 shares during the period. Center for Financial Planning Inc. lifted its position in shares of JPMorgan Chase & Co. by 4.4% during the 3rd quarter. Center for Financial Planning Inc. now owns 17,454 shares of the financial services provider’s stock valued at $2,531,000 after acquiring an additional 739 shares during the period. Tcwp LLC lifted its position in shares of JPMorgan Chase & Co. by 1.0% during the 3rd quarter. Tcwp LLC now owns 15,100 shares of the financial services provider’s stock valued at $2,190,000 after acquiring an additional 155 shares during the period. J.W. Cole Advisors Inc. lifted its position in shares of JPMorgan Chase & Co. by 2.0% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 34,981 shares of the financial services provider’s stock valued at $5,073,000 after acquiring an additional 671 shares during the period. Finally, Legacy Financial Group LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at approximately $58,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $197.53 on Friday. JPMorgan Chase & Co. has a 12 month low of $133.13 and a 12 month high of $200.94. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $567.24 billion, a P/E ratio of 11.93, a P/E/G ratio of 2.38 and a beta of 1.13. The company’s fifty day moving average price is $191.97 and its two-hundred day moving average price is $173.32.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The firm had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. On average, research analysts anticipate that JPMorgan Chase & Co. will post 15.98 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were given a $1.15 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $4.60 annualized dividend and a dividend yield of 2.33%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Mary E. Erdoes sold 15,895 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total value of $3,078,225.70. Following the completion of the sale, the chief executive officer now owns 585,898 shares of the company’s stock, valued at approximately $113,465,006.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the sale, the chief executive officer now owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mary E. Erdoes sold 15,895 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total transaction of $3,078,225.70. Following the sale, the chief executive officer now directly owns 585,898 shares of the company’s stock, valued at approximately $113,465,006.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,063,506 shares of company stock valued at $195,024,605. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of research reports. Piper Sandler reduced their price target on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Royal Bank of Canada reissued an “outperform” rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Morgan Stanley dropped their price objective on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. BMO Capital Markets dropped their price objective on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research note on Monday, April 15th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.05.

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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.