Sabal Trust CO Cuts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Sabal Trust CO trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 211,479 shares of the financial services provider's stock after selling 12,197 shares during the period. JPMorgan Chase & Co. makes up approximately 2.9% of Sabal Trust CO's portfolio, making the stock its 2nd biggest holding. Sabal Trust CO's holdings in JPMorgan Chase & Co. were worth $51,876,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider's stock worth $622,000 after acquiring an additional 38 shares during the period. Hurlow Wealth Management Group Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 0.7% during the fourth quarter. Hurlow Wealth Management Group Inc. now owns 5,538 shares of the financial services provider's stock worth $1,328,000 after acquiring an additional 40 shares during the period. Wimmer Associates 1 LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.0% during the fourth quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider's stock worth $986,000 after acquiring an additional 40 shares during the period. Twin Lakes Capital Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.3% during the fourth quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider's stock worth $3,340,000 after acquiring an additional 40 shares during the period. Finally, Rockbridge Investment Management LCC boosted its holdings in shares of JPMorgan Chase & Co. by 2.3% during the fourth quarter. Rockbridge Investment Management LCC now owns 1,838 shares of the financial services provider's stock worth $441,000 after acquiring an additional 41 shares during the period. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of JPM traded up $1.44 during trading hours on Wednesday, reaching $291.85. The stock had a trading volume of 8,104,339 shares, compared to its average volume of 9,523,896. JPMorgan Chase & Co. has a 12 month low of $190.90 and a 12 month high of $293.01. The stock has a market capitalization of $811.08 billion, a PE ratio of 14.33, a PEG ratio of 2.70 and a beta of 1.10. 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 company's 50-day moving average is $263.87 and its two-hundred day moving average is $253.51.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted 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 the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. JPMorgan Chase & Co.'s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $4.44 earnings per share. Research analysts expect 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 will be paid on Thursday, July 31st. Investors 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 1.92%. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the completion of the sale, the chief operating officer directly owned 62,455 shares in the company, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Linda Bammann sold 9,500 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total value of $2,375,000.00. Following the sale, the director owned 91,539 shares of the company's stock, valued at approximately $22,884,750. The trade was a 9.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,200 shares of company stock valued at $18,060,015. Company insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. KGI Securities assumed coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a "hold" rating for the company. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. TD Cowen assumed coverage on JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a "buy" rating and a $305.00 price target for the company. Piper Sandler reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Finally, Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $274.80.

JPMorgan Chase & Co. 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.