JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 207,792 shares of the financial services provider’s stock after selling 801 shares during the period. JPMorgan Chase & Co. makes up about 2.3% of Trust Co. of Vermont’s investment portfolio, making the stock its 7th biggest position. Trust Co. of Vermont’s holdings in JPMorgan Chase & Co. were worth $42,028,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Norges Bank acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth $6,016,878,000. International Assets Investment Management LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth $1,017,893,000. Swedbank AB acquired a new stake in JPMorgan Chase & Co. during the first quarter worth $800,130,000. Capital Research Global Investors increased its stake in JPMorgan Chase & Co. by 23.3% during the first quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider’s stock worth $3,445,185,000 after acquiring an additional 3,252,451 shares during the last quarter. Finally, Capital International Investors increased its stake in JPMorgan Chase & Co. by 5.4% during the fourth quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock worth $7,062,094,000 after acquiring an additional 2,128,478 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 2.8 %

NYSE:JPM traded up $5.38 during midday trading on Tuesday, reaching $200.28. The company had a trading volume of 10,600,777 shares, compared to its average volume of 9,327,682. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $217.56. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $575.14 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 2.42 and a beta of 1.12. The stock’s fifty day simple moving average is $203.36 and its 200-day simple moving average is $193.51.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion for the quarter, compared to analysts’ expectations of $42.23 billion. During the same period last year, the firm earned $4.37 earnings per share. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.66%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the sale, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the sale, the general counsel now owns 42,124 shares in the company, valued at $8,452,180.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the sale, the insider now owns 217,351 shares in the company, valued at approximately $42,087,847.64. The disclosure for this sale can be found here. Insiders have sold a total of 50,514 shares of company stock worth $9,970,414 over the last ninety days. Corporate insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on JPM shares. Morgan Stanley raised their target price on JPMorgan Chase & Co. from $221.00 to $226.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Oppenheimer raised their price target on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Robert W. Baird raised their price target on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Evercore ISI raised their price target on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Piper Sandler raised their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $205.71.

About JPMorgan Chase & Co.

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.