JPMorgan Chase & Co. $JPM Shares Sold by CNB Bank

CNB Bank decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,443 shares of the financial services provider’s stock after selling 1,019 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.1% of CNB Bank’s investment portfolio, making the stock its 7th largest holding. CNB Bank’s holdings in JPMorgan Chase & Co. were worth $4,477,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Brighton Jones LLC grew its stake in shares of JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after buying an additional 4,841 shares during the period. Ironwood Wealth Management LLC. grew its stake in JPMorgan Chase & Co. by 0.7% in the first quarter. Ironwood Wealth Management LLC. now owns 15,400 shares of the financial services provider’s stock valued at $3,778,000 after acquiring an additional 107 shares during the period. Acorns Advisers LLC grew its stake in JPMorgan Chase & Co. by 6.9% in the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 100 shares during the period. Saxon Interests Inc. grew its stake in JPMorgan Chase & Co. by 32.0% in the first quarter. Saxon Interests Inc. now owns 13,801 shares of the financial services provider’s stock valued at $3,385,000 after acquiring an additional 3,345 shares during the period. Finally, Benchmark Financial Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 7.6% in the 1st quarter. Benchmark Financial Wealth Advisors LLC now owns 4,138 shares of the financial services provider’s stock valued at $1,015,000 after purchasing an additional 292 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Down 0.6%

JPMorgan Chase & Co. stock opened at $309.19 on Tuesday. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $318.01. The stock has a market cap of $850.18 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.84 and a beta of 1.13. The firm’s 50-day simple moving average is $305.20 and its 200 day simple moving average is $285.41. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.86.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The firm had revenue of $46.43 billion for the quarter, compared to the consensus estimate of $44.42 billion. During the same quarter in the previous year, the business earned $4.37 EPS. The company’s revenue was up 8.8% compared to the same quarter last year. Research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were given a $1.50 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, October 6th. JPMorgan Chase & Co.’s payout ratio is presently 29.72%.

Wall Street Analysts Forecast Growth

JPM has been the subject of several research reports. Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Zacks Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. TD Cowen lifted their price objective on shares of JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Loop Capital set a $310.00 price objective on shares of JPMorgan Chase & Co. in a report on Thursday, October 23rd. Finally, Bank of America lifted their price target on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $322.50.

Insiders Place Their Bets

In related news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, the director directly owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

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.