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Boston Trust Walden Corp Sells 43,573 Shares of JPMorgan Chase & Co. $JPM

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Key Points

  • Boston Trust Walden Corp cut its JPMorgan stake by 5.3%, selling 43,573 shares and leaving 782,214 shares valued at about $252.0 million, roughly 1.9% of the fund and its fifth-largest holding.
  • JPMorgan beat expectations for the quarter (EPS $5.94 vs. $5.50; revenue $50.54B vs. $48.30B), while analysts are split 15 Buys / 15 Holds with a consensus price target of $336.16 and an overall "Moderate Buy" rating.
  • Insider selling picked up: CEO Troy L. Rohrbaugh sold 50,000 shares (~$15.36M) and COO Jennifer Piepszak sold 9,136 shares, with insiders disposing of 71,908 shares (~$22.07M) in the last quarter (insiders own 0.41%).
  • Five stocks to consider instead of JPMorgan Chase & Co..

Boston Trust Walden Corp lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 782,214 shares of the financial services provider's stock after selling 43,573 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.9% of Boston Trust Walden Corp's portfolio, making the stock its 5th biggest holding. Boston Trust Walden Corp's holdings in JPMorgan Chase & Co. were worth $252,045,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Mountain Hill Investment Partners Corp. acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter worth about $32,000. Turning Point Benefit Group Inc. acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter worth about $35,000. Miller Global Investments LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $52,000. Collier Financial acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter worth about $60,000. Finally, Decker Retirement Planning Inc. boosted its stake in JPMorgan Chase & Co. by 56.3% in the 3rd quarter. Decker Retirement Planning Inc. now owns 236 shares of the financial services provider's stock worth $74,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on JPM. HSBC decreased their price target on JPMorgan Chase & Co. from $319.00 to $288.00 and set a "hold" rating on the stock in a research note on Wednesday, April 1st. DZ Bank reissued a "neutral" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, April 15th. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Sunday, January 18th. Argus raised their price target on JPMorgan Chase & Co. from $340.00 to $355.00 and gave the stock a "buy" rating in a research note on Wednesday, April 15th. Finally, Truist Financial raised their price target on JPMorgan Chase & Co. from $323.00 to $332.00 and gave the stock a "hold" rating in a research note on Wednesday, April 15th. Fifteen analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $336.16.

Check Out Our Latest Research Report on JPM

Key Stories Impacting JPMorgan Chase & Co.

Here are the key news stories impacting JPMorgan Chase & Co. this week:

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $307.11, for a total value of $15,355,500.00. Following the completion of the sale, the chief executive officer owned 111,279 shares of the company's stock, valued at $34,174,893.69. This trade represents a 31.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jennifer Piepszak sold 9,136 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $306.56, for a total transaction of $2,800,732.16. Following the sale, the chief operating officer owned 90,001 shares in the company, valued at $27,590,706.56. This represents a 9.22% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 71,908 shares of company stock worth $22,065,882. Insiders own 0.41% of the company's stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $312.89 on Friday. The firm has a market capitalization of $839.25 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.52 and a beta of 1.03. JPMorgan Chase & Co. has a 1-year low of $248.83 and a 1-year high of $337.25. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.86 and a quick ratio of 0.85. The business's 50-day simple moving average is $299.19 and its 200-day simple moving average is $307.02.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share for the quarter, beating the consensus estimate of $5.50 by $0.44. The business had revenue of $50.54 billion for the quarter, compared to analyst estimates of $48.30 billion. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.The company's revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $5.07 EPS. Equities analysts predict that JPMorgan Chase & Co. will post 22.42 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Monday, April 6th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, April 6th. JPMorgan Chase & Co.'s payout ratio is currently 28.74%.

JPMorgan Chase & Co. Company Profile

(Free Report)

JPMorgan Chase & Co NYSE: JPM is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm's principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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