Trinity Financial Advisors LLC Sells 3,089 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Trinity Financial Advisors LLC lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 14.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 18,983 shares of the financial services provider’s stock after selling 3,089 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.7% of Trinity Financial Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. Trinity Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $3,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Baker Ellis Asset Management LLC grew its position in JPMorgan Chase & Co. by 1.2% during the first quarter. Baker Ellis Asset Management LLC now owns 52,922 shares of the financial services provider’s stock valued at $10,600,000 after buying an additional 625 shares during the period. Investment Research & Advisory Group Inc. grew its position in shares of JPMorgan Chase & Co. by 1.3% during the 1st quarter. Investment Research & Advisory Group Inc. now owns 25,437 shares of the financial services provider’s stock valued at $5,095,000 after acquiring an additional 335 shares during the period. Grimes & Company Inc. increased its stake in shares of JPMorgan Chase & Co. by 1.2% in the 1st quarter. Grimes & Company Inc. now owns 92,356 shares of the financial services provider’s stock worth $18,499,000 after purchasing an additional 1,113 shares in the last quarter. WoodTrust Financial Corp increased its stake in shares of JPMorgan Chase & Co. by 1.7% in the 1st quarter. WoodTrust Financial Corp now owns 78,985 shares of the financial services provider’s stock worth $15,821,000 after purchasing an additional 1,291 shares in the last quarter. Finally, Griffin Asset Management Inc. raised its holdings in JPMorgan Chase & Co. by 0.8% in the 1st quarter. Griffin Asset Management Inc. now owns 67,219 shares of the financial services provider’s stock worth $13,464,000 after purchasing an additional 533 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.6 %

NYSE JPM opened at $205.45 on Tuesday. The stock has a 50 day moving average price of $196.91 and a 200-day moving average price of $186.28. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $207.09. 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 company has a market capitalization of $589.98 billion, a P/E ratio of 12.41, a P/E/G ratio of 2.72 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating the consensus estimate 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 business had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. As a group, equities analysts predict that JPMorgan Chase & Co. will post 16.44 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be given a $1.15 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.24%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Jefferies Financial Group upped their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Royal Bank of Canada restated an “outperform” rating and set a $211.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 21st. UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Finally, Evercore ISI lifted their target price on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $194.10.

Insiders Place Their Bets

In other news, insider Robin Leopold sold 3,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, May 10th. The stock was 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 approximately $8,772,311.18. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Robin Leopold sold 3,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $198.86, for a total value of $596,580.00. Following the completion of the sale, the insider now directly owns 44,113 shares in the company, valued at $8,772,311.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO James Dimon sold 178,222 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. Insiders have sold 250,565 shares of company stock valued at $46,962,717 over the last ninety days. 0.79% of the stock is owned by insiders.

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.