Legacy Private Trust Co. Sells 469 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Legacy Private Trust Co. trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 70,434 shares of the financial services provider’s stock after selling 469 shares during the quarter. JPMorgan Chase & Co. makes up 1.0% of Legacy Private Trust Co.’s holdings, making the stock its 22nd largest position. Legacy Private Trust Co.’s holdings in JPMorgan Chase & Co. were worth $14,108,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of JPM. Stone House Investment Management LLC grew its stake in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after buying an additional 89 shares during the last quarter. Bare Financial Services Inc acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $35,000. Partnership Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $36,000. Stuart Chaussee & Associates Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $40,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $40,000. 71.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JPM has been the topic of several analyst reports. Robert W. Baird increased their price target on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Evercore ISI increased their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a research note on Tuesday, May 21st. Finally, Morgan Stanley dropped their price objective on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a research note on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $194.10.

Get Our Latest Stock Analysis on JPM

JPMorgan Chase & Co. Stock Down 1.7 %

Shares of NYSE JPM traded down $3.31 during mid-day trading on Friday, reaching $195.36. 5,136,145 shares of the company’s stock traded hands, compared to its average volume of 9,115,201. The stock has a market cap of $561.01 billion, a P/E ratio of 12.00, a PEG ratio of 2.65 and a beta of 1.12. The business has a 50-day simple moving average of $194.93 and a 200 day simple moving average of $184.22. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $205.88. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The firm had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. On average, analysts expect that JPMorgan Chase & Co. will post 16.41 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $42,355,358.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the transaction, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The transaction 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 firm’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders have sold 254,485 shares of company stock valued at $47,728,528 over the last ninety days. Corporate insiders own 0.79% of the company’s stock.

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; 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.

See Also

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

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