Sumitomo Mitsui Trust Group Inc. Has $1.65 Billion Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Sumitomo Mitsui Trust Group Inc. cut its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,721,963 shares of the financial services provider's stock after selling 76,448 shares during the period. JPMorgan Chase & Co. makes up about 1.2% of Sumitomo Mitsui Trust Group Inc.'s portfolio, making the stock its 11th biggest holding. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of JPMorgan Chase & Co. worth $1,648,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. J. L. Bainbridge & Co. Inc. raised its position in shares of JPMorgan Chase & Co. by 1.4% in the 1st quarter. J. L. Bainbridge & Co. Inc. now owns 3,140 shares of the financial services provider's stock valued at $770,000 after buying an additional 44 shares in the last quarter. Capitol Family Office Inc. bought a new position in JPMorgan Chase & Co. in the first quarter valued at approximately $517,000. Patron Partners LLC increased its stake in JPMorgan Chase & Co. by 8.1% in the first quarter. Patron Partners LLC now owns 5,484 shares of the financial services provider's stock valued at $1,345,000 after acquiring an additional 410 shares during the last quarter. Mendel Capital Management LLC raised its position in JPMorgan Chase & Co. by 1.2% during the first quarter. Mendel Capital Management LLC now owns 9,197 shares of the financial services provider's stock valued at $2,256,000 after purchasing an additional 105 shares in the last quarter. Finally, Confluence Wealth Services Inc. lifted its stake in JPMorgan Chase & Co. by 13.0% during the first quarter. Confluence Wealth Services Inc. now owns 49,779 shares of the financial services provider's stock worth $11,991,000 after purchasing an additional 5,738 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 40,014 shares of the 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 completion of the sale, the chief financial officer owned 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the transaction, the director owned 91,539 shares of the company's stock, valued at approximately $22,884,750. The trade was a 9.40% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,200 shares of company stock worth $18,060,015. Corporate insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Up 1.4%

NYSE JPM traded up $4.13 on Friday, hitting $296.13. The company's stock had a trading volume of 6,541,646 shares, compared to its average volume of 9,527,821. The company's 50-day moving average is $265.91 and its 200 day moving average is $254.16. The firm has a market cap of $822.96 billion, a PE ratio of 14.54, a PEG ratio of 2.72 and a beta of 1.10. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $296.40. 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 issued its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.44. The company 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 21.21% and a return on equity of 16.88%. JPMorgan Chase & Co.'s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.44 earnings per share. As a group, analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business 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 $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.89%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of research analyst reports. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Evercore ISI raised their price objective on JPMorgan Chase & Co. from $280.00 to $298.00 and gave the company an "outperform" rating in a research note on Wednesday. Morgan Stanley boosted their target price on JPMorgan Chase & Co. from $236.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Monday, June 23rd. UBS Group increased their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Finally, Robert W. Baird lowered shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target on the stock. in a report on Friday, June 27th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $277.74.

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.