Smithfield Trust Co Purchases 324 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Smithfield Trust Co boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 29,139 shares of the financial services provider’s stock after acquiring an additional 324 shares during the quarter. Smithfield Trust Co’s holdings in JPMorgan Chase & Co. were worth $4,952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Stone House Investment Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares in the last quarter. Bare Financial Services Inc purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $35,000. Briaud Financial Planning Inc purchased a new position in shares of JPMorgan Chase & Co. in the third quarter valued at $40,000. Stuart Chaussee & Associates Inc. purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $40,000. Finally, Rakuten Securities Inc. purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $44,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.4 %

Shares of NYSE:JPM opened at $201.51 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The business has a fifty day moving average of $192.71 and a two-hundred day moving average of $174.77. The stock has a market cap of $578.67 billion, a P/E ratio of 12.17, a PEG ratio of 2.45 and a beta of 1.13. JPMorgan Chase & Co. has a 52-week low of $133.96 and a 52-week high of $201.58.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. The business had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. On average, research analysts expect that JPMorgan Chase & Co. will post 16.21 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were paid a dividend of $1.15 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $4.60 annualized dividend and a yield of 2.28%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

Insider Buying and Selling

In related news, CEO Marianne Lake sold 11,734 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $200.02, for a total transaction of $2,347,034.68. Following the transaction, the chief executive officer now owns 122,740 shares of the company’s stock, valued at approximately $24,550,454.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the sale, the chief executive officer now owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marianne Lake sold 11,734 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $200.02, for a total value of $2,347,034.68. Following the completion of the sale, the chief executive officer now directly owns 122,740 shares in the company, valued at approximately $24,550,454.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,078,240 shares of company stock valued at $197,968,219. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on JPM shares. Evercore ISI lifted their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. BMO Capital Markets dropped their price objective on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research note on Monday, April 15th. Morgan Stanley dropped their price objective on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Finally, UBS Group dropped their price objective on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

Read Our Latest Analysis on JPMorgan Chase & Co.

JPMorgan Chase & Co. Company Profile

(Free Report)

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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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