JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 212,167 shares of the financial services provider's stock after selling 2,153 shares during the period. JPMorgan Chase & Co. accounts for approximately 2.6% of Trust Co. of Vermont's portfolio, making the stock its 6th biggest position. Trust Co. of Vermont's holdings in JPMorgan Chase & Co. were worth $52,045,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Corundum Trust Company INC grew its position in JPMorgan Chase & Co. by 2.0% in the first quarter. Corundum Trust Company INC now owns 2,505 shares of the financial services provider's stock worth $614,000 after acquiring an additional 48 shares in the last quarter. Victrix Investment Advisors lifted its stake in shares of JPMorgan Chase & Co. by 20.7% in the 1st quarter. Victrix Investment Advisors now owns 11,474 shares of the financial services provider's stock valued at $2,766,000 after purchasing an additional 1,968 shares during the last quarter. Park Place Capital Corp boosted its holdings in JPMorgan Chase & Co. by 24.8% in the first quarter. Park Place Capital Corp now owns 14,928 shares of the financial services provider's stock worth $3,662,000 after purchasing an additional 2,965 shares in the last quarter. Diversified Trust Co boosted its holdings in JPMorgan Chase & Co. by 1.3% in the first quarter. Diversified Trust Co now owns 75,631 shares of the financial services provider's stock worth $18,552,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Alta Wealth Advisors LLC increased its position in JPMorgan Chase & Co. by 56.5% during the first quarter. Alta Wealth Advisors LLC now owns 13,502 shares of the financial services provider's stock worth $3,312,000 after buying an additional 4,876 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

NYSE JPM traded up $4.13 during midday trading on Friday, hitting $296.13. The company had a trading volume of 6,541,646 shares, compared to its average volume of 9,527,821. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. The firm has a fifty day simple moving average of $265.91 and a two-hundred day simple moving average of $254.16. JPMorgan Chase & Co. has a fifty-two week low of $190.90 and a fifty-two week high of $296.40. The stock has a market cap of $822.96 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 2.72 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The firm had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. During the same quarter in the prior year, the firm posted $4.44 EPS. The company's revenue for the quarter was up 8.0% on a year-over-year basis. Equities 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 disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is 27.49%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Bank of America boosted their price target on JPMorgan Chase & Co. from $300.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Royal Bank Of Canada set a $305.00 price objective on JPMorgan Chase & Co. and gave the company an "outperform" rating in a research note on Monday. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an "overweight" rating in a report on Tuesday, June 10th. KGI Securities initiated coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They set a "hold" rating on the stock. Finally, Truist Financial lifted 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 report on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $277.74.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CFO Jeremy Barnum sold 40,014 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total value of $10,034,310.78. Following the sale, the chief financial officer directly owned 18,017 shares in the company, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Jennifer Piepszak sold 6,129 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total value of $1,536,908.04. Following the completion of the transaction, the chief operating officer directly owned 68,583 shares of the company's stock, valued at approximately $17,197,873.08. The trade was a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,200 shares of company stock worth $18,060,015. Corporate insiders own 0.47% of the company's stock.

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.