First Financial Bankshares Inc. reduced its stake in JPMorgan Chase & Co. by 8.3% in the third quarter, now holding 726,196 shares valued at $229.06 million, making it their third-largest position. JPMorgan Chase recently reported strong earnings, beating EPS estimates with $5.23 and achieving $45.8 billion in revenue. Despite a “Moderate Buy” consensus rating and a $1.50 quarterly dividend, insiders have sold a significant amount of shares recently, including CEO Troy L. Rohrbaugh’s sale of 50,000 shares worth $15.36 million.
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First Financial Bankshares Inc Sells 65,621 Shares of JPMorgan Chase & Co. $JPM
First Financial Bankshares Inc. reduced its stake in JPMorgan Chase & Co. by 8.3% in the third quarter, now holding 726,196 shares valued at $229.06 million, making it their third-largest position. JPMorgan Chase recently reported strong earnings, beating EPS estimates with $5.23 and achieving $45.8 billion in revenue. Despite a “Moderate Buy” consensus rating and a $1.50 quarterly dividend, insiders have sold a significant amount of shares recently, including CEO Troy L. Rohrbaugh’s sale of 50,000 shares worth $15.36 million.