Farmers Trust Co. Sells 4,159 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Farmers Trust Co. trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,100 shares of the financial services provider’s stock after selling 4,159 shares during the period. JPMorgan Chase & Co. comprises about 3.4% of Farmers Trust Co.’s investment portfolio, making the stock its 4th biggest position. Farmers Trust Co.’s holdings in JPMorgan Chase & Co. were worth $16,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Rise Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 82.7% during the 1st quarter. Rise Advisors LLC now owns 3,193 shares of the financial services provider’s stock valued at $640,000 after acquiring an additional 1,445 shares in the last quarter. Neville Rodie & Shaw Inc. boosted its position in shares of JPMorgan Chase & Co. by 1.8% during the 1st quarter. Neville Rodie & Shaw Inc. now owns 144,719 shares of the financial services provider’s stock valued at $28,987,000 after acquiring an additional 2,625 shares in the last quarter. Ferguson Wellman Capital Management Inc. boosted its position in shares of JPMorgan Chase & Co. by 1.6% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 786,454 shares of the financial services provider’s stock valued at $157,527,000 after acquiring an additional 12,033 shares in the last quarter. Rowlandmiller & PARTNERS.ADV boosted its position in shares of JPMorgan Chase & Co. by 1.3% during the 1st quarter. Rowlandmiller & PARTNERS.ADV now owns 25,963 shares of the financial services provider’s stock valued at $5,201,000 after acquiring an additional 330 shares in the last quarter. Finally, Emprise Bank acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $2,213,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded up $0.25 during trading on Thursday, reaching $197.25. The company had a trading volume of 1,265,420 shares, compared to its average volume of 9,081,899. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $205.88. The stock has a market cap of $566.44 billion, a PE ratio of 11.90, a PEG ratio of 2.65 and a beta of 1.12. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The business’s 50 day moving average price is $194.86 and its 200-day moving average price is $184.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its 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. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The company had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. Analysts expect that JPMorgan Chase & Co. will post 16.41 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is 27.78%.

Wall Street Analyst Weigh In

JPM has been the topic of several recent research reports. Robert W. Baird lifted their target price on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. BMO Capital Markets decreased their target price on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research report on Monday, April 15th. UBS Group lifted their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. StockNews.com downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Oppenheimer cut their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $194.10.

Insider Activity

In other news, insider Ashley Bacon sold 5,086 shares of the company’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 owns 212,265 shares in the company, valued at $42,355,358.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Robin Leopold sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $198.86, for a total value of $596,580.00. Following the completion of the transaction, the insider now owns 44,113 shares in the company, valued at $8,772,311.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ashley Bacon sold 5,086 shares of the company’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 transaction of $1,014,860.44. Following the completion of the transaction, the insider now owns 212,265 shares of the company’s stock, valued at approximately $42,355,358.10. The disclosure for this sale can be found here. Insiders sold 254,485 shares of company stock worth $47,728,528 over the last quarter. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Company Profile

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.