First Financial Bank Trust Division Has $18.29 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

First Financial Bank Trust Division cut its holdings in JPMorgan Chase & Co. (NYSE:JPMFree Report) by 4.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,327 shares of the financial services provider’s stock after selling 3,855 shares during the period. JPMorgan Chase & Co. makes up approximately 1.8% of First Financial Bank Trust Division’s investment portfolio, making the stock its 12th largest position. First Financial Bank Trust Division’s holdings in JPMorgan Chase & Co. were worth $18,293,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 21st. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 21st. Oppenheimer reduced their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. UBS Group increased their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Finally, Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $194.10.

Get Our Latest Research Report on JPM

JPMorgan Chase & Co. Trading Up 0.9 %

Shares of NYSE JPM traded up $1.72 during midday trading on Tuesday, reaching $196.70. The stock had a trading volume of 2,579,062 shares, compared to its average volume of 9,097,419. The firm has a market cap of $564.86 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 2.61 and a beta of 1.12. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $205.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The company’s 50 day moving average price is $194.83 and its 200 day moving average price is $183.74.

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

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be given a $1.15 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.34%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the sale, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the sale, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the general counsel now owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 254,485 shares of company stock worth $47,728,528. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company Profile

(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.

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

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