JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Riverview Trust Co

Riverview Trust Co lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 41.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,372 shares of the financial services provider’s stock after selling 6,755 shares during the quarter. JPMorgan Chase & Co. makes up 1.8% of Riverview Trust Co’s holdings, making the stock its 9th biggest position. Riverview Trust Co’s holdings in JPMorgan Chase & Co. were worth $1,896,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Gemmer Asset Management LLC increased its position in shares of JPMorgan Chase & Co. by 1.6% in the second quarter. Gemmer Asset Management LLC now owns 3,135 shares of the financial services provider’s stock worth $634,000 after purchasing an additional 48 shares during the period. Northside Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 0.7% in the second quarter. Northside Capital Management LLC now owns 6,750 shares of the financial services provider’s stock worth $1,365,000 after purchasing an additional 50 shares during the period. Trust Co of the South increased its position in shares of JPMorgan Chase & Co. by 1.1% in the first quarter. Trust Co of the South now owns 4,946 shares of the financial services provider’s stock worth $991,000 after purchasing an additional 53 shares during the period. Inspire Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 2.6% in the first quarter. Inspire Advisors LLC now owns 2,103 shares of the financial services provider’s stock worth $421,000 after purchasing an additional 54 shares during the period. Finally, PFW Advisors LLC grew its position in JPMorgan Chase & Co. by 1.1% in the first quarter. PFW Advisors LLC now owns 5,232 shares of the financial services provider’s stock valued at $1,048,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling

In related news, insider Lori A. Beer sold 5,298 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.64, for a total value of $1,062,990.72. Following the transaction, the insider now directly owns 46,375 shares of the company’s stock, valued at $9,304,680. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 5,298 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.64, for a total value of $1,062,990.72. Following the transaction, the insider now directly owns 46,375 shares of the company’s stock, valued at $9,304,680. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the transaction, the insider now directly owns 212,265 shares in the company, valued at $42,355,358.10. The disclosure for this sale can be found here. Insiders have sold a total of 14,799 shares of company stock valued at $2,963,721 over the last ninety days. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Trading Up 0.5 %

Shares of JPMorgan Chase & Co. stock traded up $0.96 during midday trading on Thursday, reaching $211.20. The company had a trading volume of 898,643 shares, compared to its average volume of 9,188,964. The stock has a fifty day moving average price of $204.10 and a 200 day moving average price of $195.02. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. The firm has a market cap of $606.50 billion, a PE ratio of 11.78, a P/E/G ratio of 2.42 and a beta of 1.12. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $217.56.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. The company had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period in the previous year, the firm earned $4.37 earnings per share. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.66%.

Analyst Ratings Changes

A number of research firms have issued reports on JPM. Jefferies Financial Group lifted their target price on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Barclays lifted their target price on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $221.00 to $226.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. BMO Capital Markets lifted their target price on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Finally, Robert W. Baird lifted their target price on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $205.71.

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; 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.