FineMark National Bank & Trust Has $25.43 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

FineMark National Bank & Trust cut its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 149,491 shares of the financial services provider’s stock after selling 1,461 shares during the period. JPMorgan Chase & Co. comprises about 1.0% of FineMark National Bank & Trust’s portfolio, making the stock its 16th largest position. FineMark National Bank & Trust’s holdings in JPMorgan Chase & Co. were worth $25,428,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Capital Wealth Advisors increased its holdings in JPMorgan Chase & Co. by 34.1% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 3,536 shares of the financial services provider’s stock worth $513,000 after purchasing an additional 900 shares in the last quarter. AIA Group Ltd boosted its position in shares of JPMorgan Chase & Co. by 68.3% during the third quarter. AIA Group Ltd now owns 43,464 shares of the financial services provider’s stock worth $6,303,000 after buying an additional 17,642 shares during the period. Beaumont Financial Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 4.9% during the third quarter. Beaumont Financial Advisors LLC now owns 19,001 shares of the financial services provider’s stock worth $2,756,000 after buying an additional 894 shares in the last quarter. Daiwa Securities Group Inc. raised its position in JPMorgan Chase & Co. by 5.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 329,979 shares of the financial services provider’s stock valued at $47,853,000 after buying an additional 16,784 shares during the last quarter. Finally, Confluence Wealth Services Inc. lifted its stake in JPMorgan Chase & Co. by 4.0% in the 3rd quarter. Confluence Wealth Services Inc. now owns 41,523 shares of the financial services provider’s stock valued at $6,022,000 after acquiring an additional 1,589 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded up $3.79 during mid-day trading on Friday, hitting $200.71. 7,356,233 shares of the stock traded hands, compared to its average volume of 8,712,340. The company has a market cap of $576.37 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 2.66 and a beta of 1.13. JPMorgan Chase & Co. has a twelve month low of $134.40 and a twelve month high of $205.88. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a 50 day simple moving average of $194.71 and a two-hundred day simple moving average of $178.05.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The firm had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 16.32 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.29%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Insider Buying and Selling

In related news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Lori A. Beer sold 3,920 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the sale, the insider now owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The disclosure for this sale can be found here. Insiders sold a total of 249,399 shares of company stock valued at $46,713,667 in the last three months. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Morgan Stanley reduced their price objective on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a research note on Tuesday. BMO Capital Markets lowered their price target on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a report on Monday, April 15th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Piper Sandler increased their target price on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Jefferies Financial Group boosted their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $194.10.

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.