Global Trust Asset Management LLC Decreases Position in JPMorgan Chase & Co. (NYSE:JPM)

Global Trust Asset Management LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 54.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,571 shares of the financial services provider's stock after selling 5,448 shares during the quarter. Global Trust Asset Management LLC's holdings in JPMorgan Chase & Co. were worth $1,121,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of JPM. Bell Bank grew its position in shares of JPMorgan Chase & Co. by 1.9% during the first quarter. Bell Bank now owns 18,749 shares of the financial services provider's stock worth $4,599,000 after buying an additional 358 shares in the last quarter. Rakuten Securities Inc. lifted its stake in JPMorgan Chase & Co. by 39.3% in the first quarter. Rakuten Securities Inc. now owns 2,292 shares of the financial services provider's stock worth $562,000 after acquiring an additional 647 shares during the last quarter. Edge Financial Advisors LLC grew its holdings in JPMorgan Chase & Co. by 3.4% during the 1st quarter. Edge Financial Advisors LLC now owns 7,985 shares of the financial services provider's stock worth $1,959,000 after acquiring an additional 265 shares in the last quarter. Lesa Sroufe & Co purchased a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $260,000. Finally, Halbert Hargrove Global Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 29.1% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 319 shares of the financial services provider's stock valued at $78,000 after purchasing an additional 72 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JPM. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. KGI Securities initiated coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They issued a "hold" rating on the stock. Bank of America boosted their target price on JPMorgan Chase & Co. from $300.00 to $325.00 and gave the stock a "buy" rating in a research note on Wednesday. Truist Financial increased their price target on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a "hold" rating in a research note on Monday, June 2nd. Finally, Royal Bank Of Canada restated a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $271.70.

Insider Activity

In related news, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the completion of the sale, the general counsel now directly owns 36,520 shares of the company's stock, valued at $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the business's stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 133,381 shares in the company, valued at $32,947,774.62. This represents a 15.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,722 shares of company stock valued at $25,599,477. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Up 1.6%

NYSE JPM opened at $273.83 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $760.98 billion, a PE ratio of 13.44, a P/E/G ratio of 2.76 and a beta of 1.08. JPMorgan Chase & Co. has a one year low of $190.90 and a one year high of $280.25. The firm's fifty day moving average is $255.59 and its two-hundred day moving average is $251.19.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. The firm had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The business's revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company posted $4.44 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be paid a $1.40 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 2.05%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 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.

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