Pioneer Trust Bank N A OR Sells 1,079 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Pioneer Trust Bank N A OR decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,826 shares of the financial services provider's stock after selling 1,079 shares during the period. JPMorgan Chase & Co. comprises approximately 3.1% of Pioneer Trust Bank N A OR's holdings, making the stock its 9th largest position. Pioneer Trust Bank N A OR's holdings in JPMorgan Chase & Co. were worth $11,732,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Hohimer Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 174.7% in the 1st quarter. Hohimer Wealth Management LLC now owns 23,688 shares of the financial services provider's stock worth $5,811,000 after purchasing an additional 15,065 shares in the last quarter. Sigma Planning Corp raised its position in JPMorgan Chase & Co. by 2.4% in the 1st quarter. Sigma Planning Corp now owns 72,632 shares of the financial services provider's stock worth $17,817,000 after purchasing an additional 1,674 shares during the period. Catalyst Financial Partners LLC increased its position in shares of JPMorgan Chase & Co. by 4.1% during the first quarter. Catalyst Financial Partners LLC now owns 20,070 shares of the financial services provider's stock worth $4,923,000 after acquiring an additional 799 shares during the period. Turtle Creek Wealth Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 21.6% during the first quarter. Turtle Creek Wealth Advisors LLC now owns 49,863 shares of the financial services provider's stock worth $12,231,000 after acquiring an additional 8,843 shares during the period. Finally, Florida Financial Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 62.5% during the first quarter. Florida Financial Advisors LLC now owns 9,863 shares of the financial services provider's stock worth $2,416,000 after buying an additional 3,792 shares during the period. Institutional investors own 71.55% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on JPM. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Truist Financial upped their price objective on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a research note on Wednesday, July 9th. UBS Group increased their price target on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Bank of America increased their price target on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $288.68.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock traded up $0.63 during trading hours on Tuesday, reaching $291.60. The stock had a trading volume of 6,709,787 shares, compared to its average volume of 9,504,580. The firm has a market capitalization of $810.38 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 2.53 and a beta of 1.10. The firm has a 50-day simple moving average of $274.67 and a 200-day simple moving average of $258.17. JPMorgan Chase & Co. has a twelve month low of $190.90 and a twelve month high of $296.40. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating the consensus estimate of $4.48 by $0.48. The firm had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. JPMorgan Chase & Co.'s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the company earned $6.12 EPS. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 28.73%.

Insider Activity at JPMorgan Chase & Co.

In related news, CFO Jeremy Barnum sold 40,014 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the transaction, the chief financial officer owned 18,017 shares of the company's stock, valued at approximately $4,518,123.09. This trade represents a 68.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 2,821 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 20th. The shares were 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 directly owned 68,757 shares in the company, valued at approximately $18,269,422.47. This represents a 3.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,200 shares of company stock valued at $18,060,015 over the last ninety days. 0.47% of the stock is owned by company insiders.

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.