Capital City Trust Co. FL Purchases 1,061 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Key Points

• Capital City Trust Co. FL increased its holdings in JPMorgan Chase & Co. by 6.6%, acquiring an additional 1,061 shares, bringing its total to 17,123 shares valued at approximately $4.2 million.
• Insiders at JPMorgan Chase & Co. sold a significant number of shares recently, including CFO Jeremy Barnum, who sold 40,014 shares for over $10 million, a decrease in ownership by 68.95%.
• Analysts have given mixed ratings on JPMorgan Chase & Co. stock, with recent upgrades and downgrades resulting in a consensus rating of "Moderate Buy" and a target price of $288.68.

Capital City Trust Co. FL lifted its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,123 shares of the financial services provider's stock after acquiring an additional 1,061 shares during the period. Capital City Trust Co. FL's holdings in JPMorgan Chase & Co. were worth $4,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of JPM. Valued Retirements Inc. raised its position in shares of JPMorgan Chase & Co. by 6.6% during the 1st quarter. Valued Retirements Inc. now owns 1,376 shares of the financial services provider's stock valued at $338,000 after buying an additional 85 shares during the period. Waddell & Associates LLC increased its stake in shares of JPMorgan Chase & Co. by 5.5% during the first quarter. Waddell & Associates LLC now owns 11,877 shares of the financial services provider's stock worth $2,913,000 after acquiring an additional 617 shares during the period. Texas Yale Capital Corp. grew its position in JPMorgan Chase & Co. by 0.5% during the first quarter. Texas Yale Capital Corp. now owns 110,123 shares of the financial services provider's stock worth $27,013,000 after buying an additional 565 shares during the period. Resolute Wealth Strategies LLC grew its position in shares of JPMorgan Chase & Co. by 3.7% in the first quarter. Resolute Wealth Strategies LLC now owns 13,458 shares of the financial services provider's stock valued at $3,301,000 after purchasing an additional 476 shares during the last quarter. Finally, Cornerstone Advisory LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.9% during the first quarter. Cornerstone Advisory LLC now owns 13,082 shares of the financial services provider's stock valued at $3,261,000 after buying an additional 116 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,821 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $749,567.91. Following the completion of the sale, the general counsel owned 68,757 shares of the company's stock, valued at $18,269,422.47. This trade represents a 3.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the sale, the chief operating officer directly owned 62,455 shares of the company's stock, valued at $16,392,563.85. This represents a 8.94% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,200 shares of company stock worth $18,060,015. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

NYSE JPM traded down $7.03 on Friday, hitting $289.21. 12,005,470 shares of the company were exchanged, compared to its average volume of 9,328,257. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $301.29. The company has a market cap of $803.74 billion, a P/E ratio of 14.84, a P/E/G ratio of 1.94 and a beta of 1.11. The firm has a 50 day moving average of $281.04 and a two-hundred day moving average of $261.64.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. JPMorgan Chase & Co.'s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $6.12 EPS. On average, equities analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd were issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is presently 28.73%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on JPM. Evercore ISI set a $298.00 price objective on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research report on Monday, July 7th. Morgan Stanley boosted their price target on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a "buy" rating and a $305.00 price objective on the stock. Bank of America raised their price target on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $288.68.

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.