JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Bath Savings Trust Co

Bath Savings Trust Co boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,800 shares of the financial services provider’s stock after acquiring an additional 116 shares during the period. Bath Savings Trust Co’s holdings in JPMorgan Chase & Co. were worth $2,564,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Stone House Investment Management LLC lifted its stake in JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 89 shares in the last quarter. Bare Financial Services Inc acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $35,000. Partnership Wealth Management LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $36,000. Vermillion & White Wealth Management Group LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $40,000. Finally, Stuart Chaussee & Associates Inc. acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $40,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares in the company, valued at approximately $48,708,426.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. Insiders have sold 254,485 shares of company stock worth $47,728,528 in the last quarter. Company insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. StockNews.com cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday. Morgan Stanley decreased their target price on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, May 21st. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, May 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $211.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Finally, Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.10.

JPMorgan Chase & Co. Stock Up 1.0 %

JPM opened at $197.00 on Thursday. The business’s 50-day simple moving average is $194.86 and its 200-day simple moving average is $184.12. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $205.88. The stock has a market capitalization of $565.72 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 2.65 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The business had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. Analysts anticipate that JPMorgan Chase & Co. will post 16.41 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

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.