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

Legacy Trust reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,473 shares of the financial services provider’s stock after selling 2,615 shares during the period. JPMorgan Chase & Co. comprises approximately 1.9% of Legacy Trust’s portfolio, making the stock its 16th largest position. Legacy Trust’s holdings in JPMorgan Chase & Co. were worth $7,579,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wellington Wealth Strategies LLC. purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $1,145,000. Cooper Financial Group lifted its position in JPMorgan Chase & Co. by 12.8% in the first quarter. Cooper Financial Group now owns 8,693 shares of the financial services provider’s stock valued at $1,741,000 after acquiring an additional 984 shares during the last quarter. Sutton Place Investors LLC lifted its position in JPMorgan Chase & Co. by 179.5% in the fourth quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock valued at $2,228,000 after acquiring an additional 8,412 shares during the last quarter. Spartan Planning & Wealth Management lifted its position in JPMorgan Chase & Co. by 257.3% in the fourth quarter. Spartan Planning & Wealth Management now owns 3,780 shares of the financial services provider’s stock valued at $643,000 after acquiring an additional 2,722 shares during the last quarter. Finally, jvl associates llc lifted its position in JPMorgan Chase & Co. by 59.8% in the first quarter. jvl associates llc now owns 1,911 shares of the financial services provider’s stock valued at $383,000 after acquiring an additional 715 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

JPM traded up $0.96 on Thursday, hitting $211.20. 898,643 shares of the company were exchanged, compared to its average volume of 9,188,964. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. The business’s fifty day moving average is $204.10 and its 200 day moving average is $195.02. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $217.56. The firm has a market capitalization of $606.50 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12.

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

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.66%.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of research reports. Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Tuesday, July 9th. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Morgan Stanley upped their target price on shares of JPMorgan Chase & Co. from $221.00 to $226.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Piper Sandler upped their target price on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Finally, Citigroup upped their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $205.71.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 5,298 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.64, for a total value of $1,062,990.72. Following the sale, the insider now owns 46,375 shares of the company’s stock, valued at $9,304,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 5,086 shares of the company’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 approximately $42,355,358.10. The disclosure for this sale can be found here. Insiders have sold 14,799 shares of company stock valued at $2,963,721 over the last quarter. Corporate insiders own 0.79% of the company’s stock.

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.