Trustmark National Bank Trust Department Has $2.99 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Trustmark National Bank Trust Department reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 16.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,583 shares of the financial services provider’s stock after selling 4,110 shares during the quarter. Trustmark National Bank Trust Department’s holdings in JPMorgan Chase & Co. were worth $2,994,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nordwand Advisors LLC acquired a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $30,000. Sageworth Trust Co raised its stake in shares of JPMorgan Chase & Co. by 266.7% during the 1st quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 296 shares in the last quarter. Aspire Private Capital LLC bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $54,391,133,000. Miller Wealth Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $67,000. Finally, Robbins Farley grew its stake in shares of JPMorgan Chase & Co. by 54.2% in the first quarter. Robbins Farley now owns 475 shares of the financial services provider’s stock valued at $62,000 after buying an additional 167 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 4,310 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $144.86, for a total transaction of $624,346.60. Following the completion of the transaction, the general counsel now directly owns 53,425 shares in the company, valued at $7,739,145.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.3 %

Shares of JPM opened at $153.29 on Tuesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.90 and a current ratio of 0.90. JPMorgan Chase & Co. has a 52-week low of $123.11 and a 52-week high of $159.38. The firm has a market cap of $443.16 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 1.80 and a beta of 1.12. The business’s fifty day moving average is $145.23 and its 200-day moving average is $145.34.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 13th. The financial services provider reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.95 by $0.38. The firm had revenue of $40.69 billion for the quarter, compared to analysts’ expectations of $39.63 billion. JPMorgan Chase & Co. had a return on equity of 17.97% and a net margin of 22.79%. The business’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.12 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 16.67 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were paid a $1.05 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $4.20 annualized dividend and a yield of 2.74%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.07%.

Wall Street Analyst Weigh In

Several analysts have issued reports on JPM shares. Jefferies Financial Group dropped their price target on shares of JPMorgan Chase & Co. from $176.00 to $169.00 in a research report on Tuesday, October 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $158.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, September 8th. Morgan Stanley lifted their price target on JPMorgan Chase & Co. from $187.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. HSBC began coverage on JPMorgan Chase & Co. in a research note on Thursday, September 7th. They issued a “hold” rating and a $159.00 price objective on the stock. Finally, Evercore ISI lifted their target price on JPMorgan Chase & Co. from $158.00 to $167.00 in a research note on Thursday, October 5th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.80.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.