JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Legacy Private Trust Co.

Legacy Private Trust Co. reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,814 shares of the financial services provider’s stock after selling 1,763 shares during the period. JPMorgan Chase & Co. makes up 1.1% of Legacy Private Trust Co.’s holdings, making the stock its 21st largest position. Legacy Private Trust Co.’s holdings in JPMorgan Chase & Co. were worth $10,217,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in JPM. Personal Wealth Partners acquired a new position in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $28,000. MRA Associates USA LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $30,000. Global Trust Asset Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 2,027.2% in the second quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 5,068 shares during the last quarter. Titan Capital Management LLC CA acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $35,000. Finally, Semmax Financial Advisors Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $56,000. 71.89% of the stock is currently owned by institutional investors.

JPM has been the subject of several recent research reports. Wells Fargo & Co set a $125.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday, August 16th. UBS Group increased their price target on JPMorgan Chase & Co. from $125.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $117.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Buckingham Research cut JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 price target for the company. in a report on Monday, September 16th. They noted that the move was a valuation call. Finally, Morgan Stanley set a $122.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday, August 9th. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus target price of $122.59.

In related news, insider Lori A. Beer sold 13,341 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total value of $1,524,609.48. Following the completion of the transaction, the insider now directly owns 10,130 shares in the company, valued at $1,157,656.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mellody L. Hobson bought 18,200 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $109.91 per share, with a total value of $2,000,362.00. Following the completion of the acquisition, the director now owns 7,804 shares of the company’s stock, valued at approximately $857,737.64. The disclosure for this purchase can be found here. Company insiders own 0.76% of the company’s stock.

JPM stock traded up $2.80 during midday trading on Friday, hitting $117.01. 2,510,299 shares of the company’s stock were exchanged, compared to its average volume of 11,492,522. The business has a 50-day simple moving average of $113.95 and a two-hundred day simple moving average of $111.37. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $357.54 billion, a PE ratio of 13.00, a P/E/G ratio of 1.62 and a beta of 1.20. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $120.40.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The business had revenue of $28.83 billion during the quarter, compared to analyst estimates of $28.52 billion. During the same period last year, the business posted $2.29 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, research analysts expect that JPMorgan Chase & Co. will post 9.89 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be given a dividend of $0.90 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Thursday, October 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 40.00%.

JPMorgan Chase & Co. Company Profile

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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