JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Chevy Chase Trust Holdings LLC

From MarketBeat:

Chevy Chase Trust Holdings LLC reduced its stake in JPMorgan Chase & Co. by 0.8% in the third quarter, with 2,389,326 shares valued at $346,500,000. Other large investors, such as Bank Julius Baer & Co. Ltd Zurich and State Street Corp, also adjusted their holdings of the banking giant. Eight research analysts have rated the stock as a hold and ten have given a buy rating. JPMorgan Chase & Co. has a consensus target price of $173.21 per share. The stock has a one year low of $123.11 and a high of $173.38, with a market cap of $498.03 billion.

JPM opened at $172.27 on Monday with a PEG ratio of 2.22 and a beta of 1.13. The company’s 50-day moving average is $156.97 and 200-day moving average is $151.04. JPMorgan Chase & Co. reported $4.33 EPS for the quarter, beating analysts’ consensus by $0.38. It is expected to post 16.56 EPS for the current fiscal year.

The company declared a quarterly dividend of $1.05 per share, to be paid on Wednesday, January 31st. This represents a $4.20 dividend on an annualized basis and a yield of 2.44%. CEO Marianne Lake sold 32,243 shares of the stock in a transaction that occurred on Tuesday, December 12th, valued at $160.00, for $5,158,880.00. Insiders own 0.79% of the stock. JPMorgan Chase & Co. operates as a financial services company worldwide, offering consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. Notably, five stocks are ranked higher by analysts than JPMorgan Chase & Co.



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