JPMorgan Chase & Co. $JPM Stake Raised by First American Trust FSB

First American Trust FSB lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 16.5% during the third quarter, HoldingsChannel.com reports. The firm owned 87,804 shares of the financial services provider’s stock after purchasing an additional 12,461 shares during the period. JPMorgan Chase & Co. accounts for about 2.0% of First American Trust FSB’s portfolio, making the stock its 8th largest position. First American Trust FSB’s holdings in JPMorgan Chase & Co. were worth $27,696,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Rice Partnership LLC boosted its holdings in JPMorgan Chase & Co. by 1.2% during the third quarter. Rice Partnership LLC now owns 109,244 shares of the financial services provider’s stock worth $34,459,000 after buying an additional 1,314 shares in the last quarter. Chase Investment Counsel Corp lifted its position in shares of JPMorgan Chase & Co. by 9.4% during the 3rd quarter. Chase Investment Counsel Corp now owns 981 shares of the financial services provider’s stock valued at $309,000 after acquiring an additional 84 shares during the period. Apriem Advisors boosted its stake in shares of JPMorgan Chase & Co. by 1.4% during the 3rd quarter. Apriem Advisors now owns 45,383 shares of the financial services provider’s stock worth $14,315,000 after acquiring an additional 609 shares in the last quarter. Mufg Securities Americas Inc. grew its holdings in shares of JPMorgan Chase & Co. by 20.5% in the 3rd quarter. Mufg Securities Americas Inc. now owns 80,268 shares of the financial services provider’s stock worth $25,319,000 after acquiring an additional 13,636 shares during the period. Finally, Krane Funds Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 18.6% in the 3rd quarter. Krane Funds Advisors LLC now owns 2,140 shares of the financial services provider’s stock worth $634,000 after acquiring an additional 336 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $299.10 on Monday. The firm has a 50 day simple moving average of $313.51 and a 200-day simple moving average of $308.61. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $806.69 billion, a PE ratio of 14.95, a P/E/G ratio of 1.24 and a beta of 1.06. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $337.25.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its earnings results on Tuesday, January 13th. The financial services provider reported $5.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.93 by $0.30. The firm had revenue of $45.80 billion for the quarter, compared to analyst estimates of $45.98 billion. JPMorgan Chase & Co. had a net margin of 20.35% and a return on equity of 17.16%. JPMorgan Chase & Co.’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $4.81 earnings per share. On average, equities analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Stockholders of record on Tuesday, January 6th were given a $1.50 dividend. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. JPMorgan Chase & Co.’s payout ratio is currently 29.99%.

Analysts Set New Price Targets

Several brokerages recently issued reports on JPM. CICC Research assumed coverage on JPMorgan Chase & Co. in a research report on Wednesday, January 14th. They set an “outperform” rating and a $355.00 target price on the stock. Zacks Research downgraded JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Royal Bank Of Canada reissued an “outperform” rating and issued a $330.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, January 14th. HSBC set a $319.00 target price on shares of JPMorgan Chase & Co. and gave the company a “hold” rating in a report on Thursday, February 5th. Finally, Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and set a $280.00 price target on the stock in a report on Tuesday, February 3rd. Fourteen analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $339.55.

Check Out Our Latest Stock Report on JPM

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 8,571 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $312.79, for a total value of $2,680,923.09. Following the completion of the sale, the chief operating officer owned 71,027 shares in the company, valued at $22,216,535.33. The trade was a 10.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Troy L. Rohrbaugh sold 50,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $307.11, for a total transaction of $15,355,500.00. Following the transaction, the chief executive officer directly owned 111,279 shares of the company’s stock, valued at approximately $34,174,893.69. This represents a 31.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 71,596 shares of company stock valued at $22,067,932. 0.47% of the stock is currently owned by company insiders.

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About JPMorgan Chase & Co.

(Free Report)

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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