NBT Bank N A NY Cuts Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

NBT Bank N A NY decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 136,810 shares of the financial services provider's stock after selling 3,841 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 2.4% of NBT Bank N A NY's holdings, making the stock its 4th largest position. NBT Bank N A NY's holdings in JPMorgan Chase & Co. were worth $33,559,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of JPM. Geode Capital Management LLC boosted its stake in JPMorgan Chase & Co. by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider's stock valued at $14,161,171,000 after purchasing an additional 876,417 shares in the last quarter. Norges Bank acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $8,310,884,000. Northern Trust Corp boosted its stake in JPMorgan Chase & Co. by 15.4% during the fourth quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock valued at $8,113,147,000 after buying an additional 4,515,147 shares in the last quarter. GAMMA Investing LLC grew its holdings in JPMorgan Chase & Co. by 25,861.9% during the first quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock worth $5,778,289,000 after acquiring an additional 23,465,278 shares during the period. Finally, Capital Research Global Investors raised its position in JPMorgan Chase & Co. by 9.1% in the fourth quarter. Capital Research Global Investors now owns 22,841,033 shares of the financial services provider's stock worth $5,475,223,000 after acquiring an additional 1,914,049 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity at JPMorgan Chase & Co.

In other news, CFO Jeremy Barnum sold 40,014 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 18,017 shares of the company's stock, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jennifer Piepszak sold 4,272 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.03, for a total value of $1,055,312.16. Following the completion of the sale, the chief operating officer now owns 50,197 shares of the company's stock, valued at approximately $12,400,164.91. This trade represents a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 101,722 shares of company stock valued at $25,599,477. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Up 1.6%

JPM stock opened at $273.83 on Friday. The company has a 50 day moving average of $255.59 and a two-hundred day moving average of $251.19. The company has a market cap of $760.98 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 2.76 and a beta of 1.08. JPMorgan Chase & Co. has a 12-month low of $190.90 and a 12-month high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data 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 firm 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 16.88% and a net margin of 21.21%. The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $4.44 earnings per share. On average, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.05%. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on JPM shares. Morgan Stanley restated an "equal weight" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Robert W. Baird lifted their price target on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. Evercore ISI cut their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. Piper Sandler reissued a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Finally, 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 report on Wednesday. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Hold" and an average target price of $271.70.

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.

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