JPMorgan Chase & Co. $JPM Shares Sold by Washington Trust Bank

Washington Trust Bank lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 92,404 shares of the financial services provider’s stock after selling 2,522 shares during the period. JPMorgan Chase & Co. comprises 2.1% of Washington Trust Bank’s portfolio, making the stock its 12th largest holding. Washington Trust Bank’s holdings in JPMorgan Chase & Co. were worth $29,774,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Money Concepts Capital Corp grew its stake in JPMorgan Chase & Co. by 1.0% during the 4th quarter. Money Concepts Capital Corp now owns 9,953 shares of the financial services provider’s stock valued at $3,207,000 after purchasing an additional 98 shares in the last quarter. Long Road Investment Counsel LLC grew its position in shares of JPMorgan Chase & Co. by 14.6% in the 4th quarter. Long Road Investment Counsel LLC now owns 3,932 shares of the financial services provider’s stock worth $1,267,000 after acquiring an additional 500 shares in the last quarter. HORAN Wealth LLC grew its position in shares of JPMorgan Chase & Co. by 0.4% in the 4th quarter. HORAN Wealth LLC now owns 35,497 shares of the financial services provider’s stock worth $11,438,000 after acquiring an additional 137 shares in the last quarter. Strategic Planning Group LLC grew its position in shares of JPMorgan Chase & Co. by 5.2% in the 4th quarter. Strategic Planning Group LLC now owns 41,195 shares of the financial services provider’s stock worth $13,274,000 after acquiring an additional 2,027 shares in the last quarter. Finally, American Institute for Advanced Investment Management LLP grew its position in shares of JPMorgan Chase & Co. by 2.3% in the 4th quarter. American Institute for Advanced Investment Management LLP now owns 1,675 shares of the financial services provider’s stock worth $533,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling

In related news, insider Robin Leopold sold 433 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $295.06, for a total transaction of $127,760.98. Following the completion of the transaction, the insider owned 64,920 shares in the company, valued at $19,155,295.20. The trade was a 0.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jennifer Piepszak sold 9,136 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $306.56, for a total value of $2,800,732.16. Following the transaction, the chief operating officer owned 90,001 shares of the company’s stock, valued at $27,590,706.56. This represents a 9.22% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 28,589 shares of company stock worth $8,747,496. 0.41% of the stock is owned by company insiders.

Analyst Ratings Changes

JPM has been the subject of several research reports. Wells Fargo & Company decreased their target price on JPMorgan Chase & Co. from $360.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, February 17th. Barclays reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, May 6th. HSBC lifted their target price on JPMorgan Chase & Co. from $288.00 to $312.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Jefferies Financial Group reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Monday, May 4th. Finally, Evercore lifted their target price on JPMorgan Chase & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Fifteen analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $339.08.

JPMorgan Chase & Co. Trading Up 2.1%

NYSE:JPM opened at $302.04 on Thursday. JPMorgan Chase & Co. has a 12-month low of $256.00 and a 12-month high of $337.25. The firm has a market capitalization of $809.32 billion, a P/E ratio of 14.47, a P/E/G ratio of 1.44 and a beta of 1.03. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.86 and a quick ratio of 0.86. The business has a 50 day simple moving average of $300.18 and a 200 day simple moving average of $307.20.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.50 by $0.44. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.The business had revenue of $50.54 billion during the quarter, compared to analyst estimates of $48.30 billion. During the same quarter in the previous year, the firm posted $5.07 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities research analysts predict that JPMorgan Chase & Co. will post 22.43 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $1.50 per share. The ex-dividend date is Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. JPMorgan Chase & Co.’s payout ratio is currently 28.74%.

Key JPMorgan Chase & Co. News

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: JPMorgan Chase reported a strong quarterly earnings beat recently, with revenue and EPS both topping analyst expectations, reinforcing confidence in the bank’s operating strength and valuation.
• Positive Sentiment: The company declared a quarterly dividend of $1.50 per share, underscoring its capital-return profile and continued appeal to income-focused investors.
• Positive Sentiment: JPMorganChase said its Chase digital retail bank is officially opening in Germany, highlighting ongoing international expansion and a new growth avenue in European consumer banking.
• Positive Sentiment: JPMorgan is also set to present at the Morgan Stanley U.S. Financials Conference in June, which keeps the stock in focus and may offer further commentary on business trends and strategy. Article Title
• Neutral Sentiment: An executive stock sale by General Counsel Stacey Friedman was disclosed, but it was executed under a pre-arranged Rule 10b5-1 trading plan, which usually limits how much investors read into the transaction.
• Neutral Sentiment: Several articles referenced JPMorgan research and conference appearances, but these are mostly informational and do not appear to be direct stock-moving catalysts on their own.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.