Moody National Bank Trust Division Sells 452 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Moody National Bank Trust Division trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,217 shares of the financial services provider’s stock after selling 452 shares during the period. JPMorgan Chase & Co. accounts for 0.8% of Moody National Bank Trust Division’s portfolio, making the stock its 20th biggest position. Moody National Bank Trust Division’s holdings in JPMorgan Chase & Co. were worth $7,903,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of JPMorgan Chase & Co. by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider’s stock worth $938,491,000 after buying an additional 319,730 shares during the period. Capital & Planning LLC grew its position in shares of JPMorgan Chase & Co. by 13.3% in the 4th quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider’s stock worth $565,000 after buying an additional 276 shares during the period. Financial Partners Group Inc grew its position in shares of JPMorgan Chase & Co. by 4.8% in the 4th quarter. Financial Partners Group Inc now owns 5,235 shares of the financial services provider’s stock worth $1,255,000 after buying an additional 239 shares during the period. Brighton Jones LLC grew its position in shares of JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after buying an additional 4,841 shares during the period. Finally, Encompass More Asset Management grew its position in shares of JPMorgan Chase & Co. by 5.7% in the 4th quarter. Encompass More Asset Management now owns 3,149 shares of the financial services provider’s stock worth $755,000 after buying an additional 170 shares during the period. Institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on JPM. TD Securities boosted their target price on JPMorgan Chase & Co. from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Evercore ISI dropped their target price on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. KGI Securities began coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They issued a “hold” rating on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $285.00 target price (up from $255.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Finally, Truist Financial set a $270.00 target price on JPMorgan Chase & Co. in a report on Friday, May 23rd. Eleven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $266.65.

JPMorgan Chase & Co. Trading Up 0.3%

Shares of NYSE:JPM opened at $264.16 on Friday. The company has a market cap of $734.12 billion, a P/E ratio of 13.38, a PEG ratio of 2.83 and a beta of 1.07. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 1 year low of $190.88 and a 1 year high of $280.25. The stock’s fifty day moving average price is $245.60 and its 200-day moving average price is $248.96.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.63 by $0.44. The firm had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $4.44 earnings per share. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.49%.

Insider Activity at JPMorgan Chase & Co.

In related news, CFO Jeremy Barnum sold 40,014 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the completion of the sale, the chief financial officer now owns 18,017 shares in the company, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 6,608 shares of the company’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $1,755,811.68. Following the sale, the general counsel now owns 36,520 shares of the company’s stock, valued at approximately $9,703,729.20. This trade represents a 15.32% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,594 shares of company stock worth $23,991,061. 0.47% of the stock is owned by insiders.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.