MassMutual Private Wealth & Trust FSB Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

MassMutual Private Wealth & Trust FSB trimmed its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 298,529 shares of the financial services provider's stock after selling 15,339 shares during the quarter. JPMorgan Chase & Co. accounts for 2.1% of MassMutual Private Wealth & Trust FSB's holdings, making the stock its 7th largest holding. MassMutual Private Wealth & Trust FSB's holdings in JPMorgan Chase & Co. were worth $73,229,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JPM. Fourth Dimension Wealth LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $471,000. Disciplined Investments LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth $217,000. LGT Group Foundation raised its position in JPMorgan Chase & Co. by 2.8% in the 4th quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock worth $126,040,000 after purchasing an additional 14,300 shares during the period. Kinsale Capital Group Inc. increased its position in shares of JPMorgan Chase & Co. by 11.1% in the fourth quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider's stock valued at $10,483,000 after acquiring an additional 4,375 shares during the period. Finally, Jag Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 10.5% in the fourth quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock valued at $353,000 after acquiring an additional 140 shares during the period. Institutional investors own 71.55% of the company's stock.

Insider Activity

In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 40,014 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the completion of the sale, the chief financial officer now owns 18,017 shares of the company's stock, valued at $4,518,123.09. This trade represents a 68.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the firm's stock in a transaction 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 sale, the chief executive officer now directly owns 133,381 shares of the company's stock, valued at $32,947,774.62. This represents a 15.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,594 shares of company stock valued at $23,991,061. 0.47% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Performance

JPM stock traded down $0.40 during midday trading on Friday, hitting $263.97. The stock had a trading volume of 10,976,619 shares, compared to its average volume of 9,584,162. The firm has a market capitalization of $733.60 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a 52 week low of $190.88 and a 52 week high of $280.25. The stock has a 50-day simple moving average of $245.60 and a 200 day simple moving average of $248.96. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

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, beating analysts' consensus estimates of $4.63 by $0.44. The business had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.44 earnings per share. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. UBS Group increased their price target on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. TD Securities raised their price objective on JPMorgan Chase & Co. from $305.00 to $315.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Truist Financial set a $270.00 price objective on shares of JPMorgan Chase & Co. in a research note on Friday, May 23rd. Eleven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $266.65.

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.