Trustmark National Bank Trust Department Has $5.63 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Trustmark National Bank Trust Department lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 22.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,101 shares of the financial services provider’s stock after purchasing an additional 5,136 shares during the period. Trustmark National Bank Trust Department’s holdings in JPMorgan Chase & Co. were worth $5,629,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Butensky & Cohen Financial Security Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 0.6% during the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 30,724 shares of the financial services provider’s stock worth $5,226,000 after buying an additional 183 shares during the period. Salem Investment Counselors Inc. boosted its holdings in JPMorgan Chase & Co. by 1.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 226,986 shares of the financial services provider’s stock valued at $38,610,000 after purchasing an additional 2,577 shares during the period. Border to Coast Pensions Partnership Ltd boosted its holdings in JPMorgan Chase & Co. by 2.2% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 423,492 shares of the financial services provider’s stock valued at $72,036,000 after purchasing an additional 9,000 shares during the period. Prairiewood Capital LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $202,000. Finally, NovaPoint Capital LLC boosted its holdings in JPMorgan Chase & Co. by 2.9% in the 4th quarter. NovaPoint Capital LLC now owns 2,565 shares of the financial services provider’s stock valued at $436,000 after purchasing an additional 73 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JPM has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, July 15th. BMO Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Oppenheimer upped their price target on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Finally, Robert W. Baird upped their price target on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $202.89.

Insider Activity

In other news, insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the sale, the insider now directly owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 212,265 shares of the company’s stock, valued at approximately $42,355,358.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the sale, the insider now directly owns 6,484 shares in the company, valued at $1,237,860.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,343 shares of company stock valued at $14,137,789. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Trading Up 0.2 %

NYSE JPM traded up $0.46 on Wednesday, hitting $210.79. The company’s stock had a trading volume of 2,747,731 shares, compared to its average volume of 9,237,042. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $217.56. The company’s 50-day moving average is $201.98 and its 200 day moving average is $191.08. The firm has a market cap of $605.32 billion, a PE ratio of 11.78, a PEG ratio of 2.47 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. During the same period in the prior year, the company posted $4.37 EPS. As a group, analysts predict that JPMorgan Chase & Co. will post 16.67 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be 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 is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.66%.

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.