Tompkins Financial Corp Lowers Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Tompkins Financial Corp reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 74,424 shares of the financial services provider’s stock after selling 2,148 shares during the quarter. JPMorgan Chase & Co. accounts for 1.7% of Tompkins Financial Corp’s investment portfolio, making the stock its 14th biggest holding. Tompkins Financial Corp’s holdings in JPMorgan Chase & Co. were worth $18,256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. GoalVest Advisory LLC grew its stake in shares of JPMorgan Chase & Co. by 9.0% in the 1st quarter. GoalVest Advisory LLC now owns 15,179 shares of the financial services provider’s stock valued at $3,723,000 after purchasing an additional 1,257 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of JPMorgan Chase & Co. by 25,861.9% in the 1st quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider’s stock valued at $5,778,289,000 after purchasing an additional 23,465,278 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in shares of JPMorgan Chase & Co. by 3.6% in the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,537 shares of the financial services provider’s stock valued at $4,057,000 after purchasing an additional 574 shares during the last quarter. Quent Capital LLC grew its stake in shares of JPMorgan Chase & Co. by 2.0% in the 1st quarter. Quent Capital LLC now owns 13,224 shares of the financial services provider’s stock valued at $3,244,000 after purchasing an additional 261 shares during the last quarter. Finally, Sage Capital Advisors llc grew its stake in shares of JPMorgan Chase & Co. by 4.4% in the 1st quarter. Sage Capital Advisors llc now owns 2,026 shares of the financial services provider’s stock valued at $497,000 after purchasing an additional 86 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at JPMorgan Chase & Co.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on JPM shares. KGI Securities started coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a “hold” rating on the stock. Wall Street Zen upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. TD Cowen started coverage on JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a “buy” rating and a $305.00 price target on the stock. Robert W. Baird lifted their price target on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, May 20th. Finally, Evercore ISI decreased their price target on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. Eleven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $266.65.

JPMorgan Chase & Co. Stock Up 0.3%

JPM opened at $264.16 on Friday. The business’s fifty day moving average is $245.60 and its two-hundred day moving average is $248.96. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a market cap of $734.12 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a one year low of $190.88 and a one year high of $280.25.

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

JPMorgan Chase & Co. Dividend Announcement

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

About JPMorgan Chase & Co.

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.