JPMorgan Chase & Co. (NYSE:JPM) Stock Position Reduced by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA trimmed its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,980 shares of the financial services provider's stock after selling 2,204 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.7% of CHICAGO TRUST Co NA's holdings, making the stock its 10th biggest position. CHICAGO TRUST Co NA's holdings in JPMorgan Chase & Co. were worth $9,316,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider's stock valued at $14,161,171,000 after purchasing an additional 876,417 shares during the last quarter. Norges Bank purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $8,310,884,000. Northern Trust Corp lifted its stake in shares of JPMorgan Chase & Co. by 15.4% during the 4th quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock worth $8,113,147,000 after acquiring an additional 4,515,147 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of JPMorgan Chase & Co. by 25,861.9% during the first quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock valued at $5,778,289,000 after purchasing an additional 23,465,278 shares during the period. Finally, Capital Research Global Investors grew its stake in JPMorgan Chase & Co. by 9.1% in the 4th quarter. Capital Research Global Investors now owns 22,841,033 shares of the financial services provider's stock worth $5,475,223,000 after acquiring an additional 1,914,049 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

JPM stock traded up $1.89 during trading on Tuesday, hitting $268.63. The stock had a trading volume of 7,535,215 shares, compared to its average volume of 9,546,167. JPMorgan Chase & Co. has a twelve month low of $190.88 and a twelve month high of $280.25. The company's 50-day moving average price is $248.09 and its two-hundred day moving average price is $250.08. 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 stock has a market capitalization of $746.54 billion, a P/E ratio of 13.61, a PEG ratio of 2.83 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.44 earnings per share. As a group, research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed 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 is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 2.08%. JPMorgan Chase & Co.'s payout ratio is currently 27.49%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on JPM. UBS Group raised their price target on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Royal Bank of Canada reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. 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. Piper Sandler reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of "Hold" and an average target price of $269.65.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 25,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 133,381 shares of the company's stock, valued at $32,947,774.62. This trade represents a 15.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the transaction, the insider now owns 49,127 shares in the company, valued at approximately $12,130,438.84. This represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,722 shares of company stock valued at $25,599,477 in the last 90 days. 0.47% of the stock is owned by insiders.

About JPMorgan Chase & Co.

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.