Bangor Savings Bank Sells 417 Shares of JPMorgan Chase & Co. $JPM

Bangor Savings Bank trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,717 shares of the financial services provider’s stock after selling 417 shares during the quarter. JPMorgan Chase & Co. accounts for 1.1% of Bangor Savings Bank’s portfolio, making the stock its 19th largest holding. Bangor Savings Bank’s holdings in JPMorgan Chase & Co. were worth $12,674,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $28,000. University of Illinois Foundation bought a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $30,000. Curat Global LLC bought a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $33,000. Capital A Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $64,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $72,000. 71.55% of the stock is owned by institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the sale, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JPM. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Citigroup set a $275.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Monday, July 7th. TD Securities reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Piper Sandler reaffirmed an “overweight” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. Finally, Zacks Research cut JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $291.67.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $306.88 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a fifty day moving average price of $293.94 and a two-hundred day moving average price of $267.38. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $307.55. The firm has a market capitalization of $843.84 billion, a P/E ratio of 15.75, a P/E/G ratio of 2.03 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same period in the prior year, the company posted $6.12 earnings per share. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.