UMB Bank n.a. Sells 42,405 Shares of JPMorgan Chase & Co. (NYSE:JPM)

UMB Bank n.a. reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 434,314 shares of the financial services provider's stock after selling 42,405 shares during the quarter. JPMorgan Chase & Co. accounts for 1.8% of UMB Bank n.a.'s portfolio, making the stock its 11th biggest holding. UMB Bank n.a.'s holdings in JPMorgan Chase & Co. were worth $106,537,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Eagle Wealth Strategies LLC lifted its holdings in shares of JPMorgan Chase & Co. by 2.2% during the first quarter. Eagle Wealth Strategies LLC now owns 9,180 shares of the financial services provider's stock valued at $2,252,000 after purchasing an additional 199 shares in the last quarter. LexAurum Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.7% during the first quarter. LexAurum Advisors LLC now owns 8,895 shares of the financial services provider's stock valued at $2,182,000 after purchasing an additional 151 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 7.8% during the first quarter. Sivia Capital Partners LLC now owns 7,243 shares of the financial services provider's stock valued at $1,777,000 after purchasing an additional 527 shares in the last quarter. Perkins Coie Trust Co lifted its holdings in shares of JPMorgan Chase & Co. by 2.2% during the first quarter. Perkins Coie Trust Co now owns 23,011 shares of the financial services provider's stock valued at $5,645,000 after purchasing an additional 486 shares in the last quarter. Finally, Piscataqua Savings Bank lifted its holdings in shares of JPMorgan Chase & Co. by 3.3% during the first quarter. Piscataqua Savings Bank now owns 19,247 shares of the financial services provider's stock valued at $4,721,000 after purchasing an additional 611 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on JPM shares. TD Cowen started coverage on JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a "buy" rating and a $305.00 price target on the stock. UBS Group upped their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Robert W. Baird upped their price objective on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a "neutral" rating in a research report on Tuesday, May 20th. TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday. Finally, KGI Securities initiated coverage on JPMorgan Chase & Co. in a research report 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 assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $267.15.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $265.81 on Friday. 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. has a 12-month low of $190.88 and a 12-month high of $280.25. The stock has a 50-day moving average price of $247.68 and a 200 day moving average price of $249.92. The stock has a market capitalization of $738.71 billion, a P/E ratio of 13.47, a P/E/G ratio of 2.83 and a beta of 1.08.

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 (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. During the same quarter last year, the business posted $4.44 earnings per share. The firm's revenue was up 8.0% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 40,014 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the completion of the transaction, the chief financial officer now owns 18,017 shares in the company, valued at $4,518,123.09. This trade represents a 68.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Jennifer Piepszak sold 6,128 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the transaction, the chief operating officer now owns 62,455 shares of the company's stock, valued at $16,392,563.85. This represents a 8.94% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,722 shares of company stock worth $25,599,477. 0.47% of the stock is owned by corporate 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.

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