Riverview Trust Co Has $1.93 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Riverview Trust Co trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 14.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,858 shares of the financial services provider's stock after selling 1,381 shares during the period. JPMorgan Chase & Co. makes up 1.9% of Riverview Trust Co's portfolio, making the stock its 7th biggest holding. Riverview Trust Co's holdings in JPMorgan Chase & Co. were worth $1,928,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Ullmann Wealth Partners Group LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.8% in the first quarter. Ullmann Wealth Partners Group LLC now owns 15,316 shares of the financial services provider's stock valued at $3,757,000 after buying an additional 124 shares during the period. Edge Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.0% in the first quarter. Edge Wealth Management LLC now owns 90,235 shares of the financial services provider's stock valued at $22,135,000 after buying an additional 853 shares during the period. Foster Group Inc. lifted its stake in shares of JPMorgan Chase & Co. by 15.8% in the first quarter. Foster Group Inc. now owns 7,372 shares of the financial services provider's stock valued at $1,808,000 after buying an additional 1,005 shares during the period. Fjell Capital LLC lifted its stake in shares of JPMorgan Chase & Co. by 2.8% in the first quarter. Fjell Capital LLC now owns 5,933 shares of the financial services provider's stock valued at $1,455,000 after buying an additional 163 shares during the period. Finally, Vest Financial LLC lifted its stake in shares of JPMorgan Chase & Co. by 22.3% in the first quarter. Vest Financial LLC now owns 184,141 shares of the financial services provider's stock valued at $45,170,000 after buying an additional 33,618 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the transaction, the chief operating officer now owns 62,455 shares of the company's stock, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the sale, the insider now directly owns 49,127 shares in the company, valued at approximately $12,130,438.84. This trade represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,722 shares of company stock worth $25,599,477 in the last three months. 0.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on JPM shares. Bank of America reduced their target price on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Piper Sandler restated a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday. TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday. Finally, KGI Securities began coverage on shares of JPMorgan Chase & Co. in a research note on Sunday, April 13th. They set a "hold" rating for the company. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $267.15.

JPMorgan Chase & Co. Stock Down 0.9%

JPMorgan Chase & Co. stock opened at $261.78 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $190.88 and a fifty-two week high of $280.25. The stock has a market cap of $727.52 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08. The firm's 50-day simple moving average is $247.24 and its 200 day simple moving average is $249.70. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results 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 firm had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $4.44 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be paid a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

About JPMorgan Chase & Co.

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.

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.