JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Country Trust Bank

Country Trust Bank lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 256,950 shares of the financial services provider’s stock after selling 1,930 shares during the quarter. JPMorgan Chase & Co. makes up about 1.3% of Country Trust Bank’s portfolio, making the stock its 21st biggest holding. Country Trust Bank’s holdings in JPMorgan Chase & Co. were worth $51,971,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Arvest Investments Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $7,791,000. Amarillo National Bank raised its holdings in JPMorgan Chase & Co. by 0.9% in the 4th quarter. Amarillo National Bank now owns 29,786 shares of the financial services provider’s stock valued at $5,067,000 after buying an additional 272 shares during the period. International Assets Investment Management LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $1,017,893,000. Arkadios Wealth Advisors raised its holdings in JPMorgan Chase & Co. by 4.9% in the 4th quarter. Arkadios Wealth Advisors now owns 52,292 shares of the financial services provider’s stock valued at $8,895,000 after buying an additional 2,456 shares during the period. Finally, Moody Lynn & Lieberson LLC raised its holdings in JPMorgan Chase & Co. by 0.6% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 190,297 shares of the financial services provider’s stock valued at $32,370,000 after buying an additional 1,203 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the transaction, the insider now directly owns 212,265 shares in the company, valued at $42,355,358.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction on Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the transaction, the insider now directly owns 212,265 shares in the company, valued at approximately $42,355,358.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the transaction, the general counsel now owns 42,124 shares in the company, valued at $8,452,180.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,533 shares of company stock worth $5,310,756. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.9 %

JPM traded up $1.74 on Friday, reaching $205.80. The company’s stock had a trading volume of 5,540,240 shares, compared to its average volume of 9,292,017. The stock has a 50 day moving average of $203.58 and a two-hundred day moving average of $194.27. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $590.99 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 2.42 and a beta of 1.12. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $217.56.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The firm had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period in the prior year, the company posted $4.37 earnings per share. As a group, analysts forecast that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were given a dividend of $1.15 per share. The ex-dividend date was Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.24%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.66%.

Analyst Upgrades and Downgrades

JPM has been the topic of several research analyst reports. Evercore ISI boosted their price objective on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Jefferies Financial Group boosted their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. BMO Capital Markets boosted their price target on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Oppenheimer boosted their price target on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, Barclays boosted their price target on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $205.71.

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.