CHICAGO TRUST Co NA Lowers Stake in JPMorgan Chase & Co. (NYSE:JPM)

CHICAGO TRUST Co NA lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 5.5% during the first quarter, HoldingsChannel.com reports. The fund owned 37,980 shares of the financial services provider’s stock after selling 2,204 shares during the period. JPMorgan Chase & Co. accounts for 1.7% of CHICAGO TRUST Co NA’s portfolio, making the stock its 10th largest holding. CHICAGO TRUST Co NA’s holdings in JPMorgan Chase & Co. were worth $9,316,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JPM. Deane Retirement Strategies Inc. boosted its position in JPMorgan Chase & Co. by 3.7% in the first quarter. Deane Retirement Strategies Inc. now owns 10,151 shares of the financial services provider’s stock valued at $2,489,000 after buying an additional 361 shares in the last quarter. Moss Adams Wealth Advisors LLC boosted its position in JPMorgan Chase & Co. by 19.4% in the first quarter. Moss Adams Wealth Advisors LLC now owns 10,038 shares of the financial services provider’s stock valued at $2,462,000 after buying an additional 1,630 shares in the last quarter. Wiser Wealth Management Inc boosted its position in JPMorgan Chase & Co. by 4.5% in the first quarter. Wiser Wealth Management Inc now owns 1,334 shares of the financial services provider’s stock valued at $327,000 after buying an additional 57 shares in the last quarter. NewSquare Capital LLC boosted its position in JPMorgan Chase & Co. by 0.9% in the first quarter. NewSquare Capital LLC now owns 85,906 shares of the financial services provider’s stock valued at $20,896,000 after buying an additional 789 shares in the last quarter. Finally, Greystone Financial Group LLC boosted its position in JPMorgan Chase & Co. by 1.4% in the first quarter. Greystone Financial Group LLC now owns 60,166 shares of the financial services provider’s stock valued at $14,759,000 after buying an additional 859 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.4%

JPM opened at $266.70 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The company has a market cap of $741.18 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08. The firm has a 50 day simple moving average of $248.09 and a 200 day simple moving average of $250.08. JPMorgan Chase & Co. has a fifty-two week low of $190.88 and a fifty-two week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last posted 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. The business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.44 earnings per share. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be issued a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 2.10%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.49%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the sale, the chief operating officer now directly owns 62,455 shares in the company, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the completion of the sale, the chief executive officer now owns 133,381 shares in the company, valued at approximately $32,947,774.62. This trade represents a 15.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,722 shares of company stock worth $25,599,477. Company insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

JPM has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a “hold” rating in a research report on Monday, June 2nd. Piper Sandler restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. TD Cowen initiated coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They issued a “buy” rating and a $305.00 price target on the stock. Morgan Stanley reiterated an “equal weight” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Finally, Evercore ISI reduced their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $267.15.

JPMorgan Chase & Co. Company 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.