First Financial Bank Trust Division Sells 8,283 Shares of JPMorgan Chase & Co. (NYSE:JPM)

First Financial Bank Trust Division decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 9.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,276 shares of the financial services provider's stock after selling 8,283 shares during the period. JPMorgan Chase & Co. comprises approximately 1.8% of First Financial Bank Trust Division's holdings, making the stock its 13th biggest holding. First Financial Bank Trust Division's holdings in JPMorgan Chase & Co. were worth $18,711,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. DDD Partners LLC lifted its stake in JPMorgan Chase & Co. by 2.8% in the 4th quarter. DDD Partners LLC now owns 1,416 shares of the financial services provider's stock valued at $339,000 after purchasing an additional 38 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 1.5% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider's stock valued at $622,000 after purchasing an additional 38 shares during the period. Rappaport Reiches Capital Management LLC grew its stake in JPMorgan Chase & Co. by 3.8% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 1,068 shares of the financial services provider's stock worth $256,000 after buying an additional 39 shares in the last quarter. Yoder Wealth Management Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 2.8% in the 4th quarter. Yoder Wealth Management Inc. now owns 1,436 shares of the financial services provider's stock worth $344,000 after acquiring an additional 39 shares during the last quarter. Finally, Almanack Investment Partners LLC. raised its stake in shares of JPMorgan Chase & Co. by 0.8% during the fourth quarter. Almanack Investment Partners LLC. now owns 5,143 shares of the financial services provider's stock valued at $1,233,000 after acquiring an additional 39 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Insider Activity

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 25,000 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the sale, the chief executive officer now directly owns 133,381 shares in the company, valued at approximately $32,947,774.62. The trade was a 15.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 2,821 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 transaction, the general counsel now directly owns 68,757 shares in the company, valued at approximately $18,269,422.47. This trade represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,594 shares of company stock valued at $23,991,061. Insiders own 0.47% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on JPM shares. TD Cowen initiated coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a "buy" rating and a $305.00 price target on the stock. Truist Financial set a $270.00 price objective on shares of JPMorgan Chase & Co. in a research note on Friday, May 23rd. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Piper Sandler reiterated an "overweight" rating and set a $295.00 price target (up from $260.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $285.00 price target (up previously from $255.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Eleven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $266.65.

JPMorgan Chase & Co. Trading Down 0.2%

Shares of JPM traded down $0.40 during mid-day trading on Friday, reaching $263.97. 10,976,619 shares of the company's stock traded hands, compared to its average volume of 9,584,162. JPMorgan Chase & Co. has a 12 month low of $190.88 and a 12 month high of $280.25. The stock has a market cap of $733.60 billion, a P/E ratio of 13.37, a P/E/G ratio of 2.83 and a beta of 1.07. The stock's 50-day moving average is $245.60 and its two-hundred day moving average is $248.96. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

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

JPMorgan Chase & Co. Dividend Announcement

The firm 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. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.12%. 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.