Trustmark National Bank Trust Department Sells 4,110 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Trustmark National Bank Trust Department reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 16.6% in the second quarter, Holdings Channel reports. The firm owned 20,583 shares of the financial services provider’s stock after selling 4,110 shares during the period. Trustmark National Bank Trust Department’s holdings in JPMorgan Chase & Co. were worth $2,994,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nordwand Advisors LLC bought a new position in JPMorgan Chase & Co. in the 1st quarter worth about $30,000. Sageworth Trust Co grew its holdings in shares of JPMorgan Chase & Co. by 266.7% during the first quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 296 shares in the last quarter. Aspire Private Capital LLC bought a new position in shares of JPMorgan Chase & Co. in the first quarter worth approximately $54,391,133,000. Miller Wealth Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the second quarter valued at approximately $67,000. Finally, Robbins Farley lifted its position in JPMorgan Chase & Co. by 54.2% during the first quarter. Robbins Farley now owns 475 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $153.29 on Tuesday. The company’s fifty day simple moving average is $145.23 and its two-hundred day simple moving average is $145.34. JPMorgan Chase & Co. has a 12-month low of $123.11 and a 12-month high of $159.38. The firm has a market cap of $443.16 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, October 13th. The financial services provider reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.95 by $0.38. The company had revenue of $40.69 billion for the quarter, compared to analysts’ expectations of $39.63 billion. JPMorgan Chase & Co. had a return on equity of 17.97% and a net margin of 22.79%. JPMorgan Chase & Co.’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period last year, the firm earned $3.12 earnings per share. As a group, equities analysts expect that JPMorgan Chase & Co. will post 16.67 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Thursday, October 5th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a dividend yield of 2.74%. JPMorgan Chase & Co.’s payout ratio is 25.07%.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 4,310 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total value of $624,346.60. Following the completion of the sale, the general counsel now owns 53,425 shares of the company’s stock, valued at $7,739,145.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.79% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on JPM. Odeon Capital Group lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a report on Thursday, November 2nd. HSBC assumed coverage on JPMorgan Chase & Co. in a research note on Thursday, September 7th. They issued a “hold” rating and a $159.00 target price on the stock. BMO Capital Markets raised their price target on JPMorgan Chase & Co. from $167.00 to $171.00 and gave the company a “market perform” rating in a research report on Monday, October 16th. Evercore ISI upped their price objective on JPMorgan Chase & Co. from $158.00 to $167.00 in a report on Thursday, October 5th. Finally, Jefferies Financial Group decreased their price objective on JPMorgan Chase & Co. from $176.00 to $169.00 in a report on Tuesday, October 10th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $168.80.

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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.