JPMorgan Chase & Co. (NYSE:JPM) Stock Position Cut by Heartland Bank & Trust Co

Heartland Bank & Trust Co lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,085 shares of the financial services provider’s stock after selling 607 shares during the period. JPMorgan Chase & Co. comprises approximately 2.2% of Heartland Bank & Trust Co’s holdings, making the stock its 9th biggest position. Heartland Bank & Trust Co’s holdings in JPMorgan Chase & Co. were worth $3,823,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of JPM. Montchanin Asset Management LLC bought a new position in JPMorgan Chase & Co. during the first quarter valued at $5,382,000. New Covenant Trust Company N.A. bought a new position in JPMorgan Chase & Co. during the 1st quarter worth about $1,206,000. Plato Investment Management Ltd raised its holdings in shares of JPMorgan Chase & Co. by 1,211.6% in the 1st quarter. Plato Investment Management Ltd now owns 53,383 shares of the financial services provider’s stock valued at $10,693,000 after purchasing an additional 49,313 shares in the last quarter. WealthPlan Investment Management LLC boosted its position in JPMorgan Chase & Co. by 2.8% during the 1st quarter. WealthPlan Investment Management LLC now owns 23,525 shares of the financial services provider’s stock valued at $4,712,000 after acquiring an additional 644 shares in the last quarter. Finally, Brown Shipley& Co Ltd lifted its stake in shares of JPMorgan Chase & Co. by 10.4% during the 1st quarter. Brown Shipley& Co Ltd now owns 60,513 shares of the financial services provider’s stock worth $12,038,000 after purchasing an additional 5,716 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM stock traded down $8.82 during trading on Friday, reaching $199.14. 17,679,367 shares of the company’s stock were exchanged, compared to its average volume of 9,285,672. The company’s fifty day moving average price is $203.51 and its 200-day moving average price is $192.75. The firm has a market cap of $571.86 billion, a PE ratio of 11.13, a P/E/G ratio of 2.48 and a beta of 1.12. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $217.56. 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. (NYSE:JPM) last issued its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The business had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter in the previous year, the company posted $4.37 earnings per share. On average, research analysts expect that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were given a $1.15 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.31%. JPMorgan Chase & Co.’s dividend payout ratio is 25.66%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the sale, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Mary E. Erdoes sold 15,895 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total value of $3,078,225.70. Following the completion of the transaction, the chief executive officer now owns 585,898 shares in the company, valued at $113,465,006.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Elena A. Korablina sold 21,829 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the transaction, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The disclosure for this sale can be found here. Insiders have sold 72,343 shares of company stock worth $14,137,789 over the last three months. Company insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $211.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Citigroup lifted their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Finally, Barclays lifted their price objective on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average 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.