American National Bank & Trust Grows Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

American National Bank & Trust raised its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,677 shares of the financial services provider's stock after buying an additional 3,091 shares during the period. JPMorgan Chase & Co. makes up approximately 1.4% of American National Bank & Trust's portfolio, making the stock its 20th largest position. American National Bank & Trust's holdings in JPMorgan Chase & Co. were worth $12,922,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JPM. Fourth Dimension Wealth LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $471,000. Disciplined Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth $217,000. LGT Group Foundation grew its stake in shares of JPMorgan Chase & Co. by 2.8% during the fourth quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock worth $126,040,000 after purchasing an additional 14,300 shares in the last quarter. Kinsale Capital Group Inc. increased its holdings in JPMorgan Chase & Co. by 11.1% in the fourth quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider's stock valued at $10,483,000 after buying an additional 4,375 shares during the last quarter. Finally, Jag Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 10.5% in the fourth quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock valued at $353,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Piper Sandler reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday. Royal Bank of Canada reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday. Morgan Stanley reiterated an "equal weight" rating on shares of JPMorgan Chase & Co. in a report on Monday. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, Robert W. Baird raised their price objective on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a "neutral" rating in a report on Tuesday, May 20th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $267.15.

Insider Activity

In other news, CEO Troy L. Rohrbaugh sold 25,000 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.02, for a total value of $6,175,500.00. Following the sale, the chief executive officer now owns 133,381 shares of the company's stock, valued at $32,947,774.62. The trade was a 15.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the sale, the insider now directly owns 49,127 shares in the company, valued at approximately $12,130,438.84. This represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,594 shares of company stock valued at $23,991,061 over the last quarter. Corporate insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM traded up $0.46 during trading on Monday, reaching $264.46. The company's stock had a trading volume of 6,008,253 shares, compared to its average volume of 9,550,450. 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 firm has a market cap of $734.96 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a twelve month low of $190.88 and a twelve month high of $280.25. The business's fifty day moving average price is $245.86 and its 200-day moving average price is $249.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. The company had revenue of $45.30 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.44 earnings per share. As a group, analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced 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. This represents a $5.60 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is 27.49%.

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.