Trust Co increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,716 shares of the financial services provider’s stock after purchasing an additional 1,118 shares during the quarter. JPMorgan Chase & Co. makes up about 4.3% of Trust Co’s investment portfolio, making the stock its 3rd largest holding. Trust Co’s holdings in JPMorgan Chase & Co. were worth $10,384,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $102,000. Welch Investments LLC bought a new position in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $103,000. Legacy Advisors LLC bought a new position in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $106,000. Atlantic Trust LLC bought a new position in JPMorgan Chase & Co. during the 2nd quarter valued at approximately $136,000. Finally, Lipe & Dalton bought a new position in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $143,000. Institutional investors own 74.47% of the company’s stock.
A number of research analysts recently weighed in on the company. Nomura set a $115.00 price objective on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Friday, January 12th. Buckingham Research raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Thursday, December 21st. Vetr raised JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $102.07 target price for the company in a report on Tuesday, February 6th. Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a report on Monday. Finally, Credit Suisse Group lifted their target price on JPMorgan Chase & Co. from $125.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $111.03.
Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $114.53 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $119.33. The company has a market capitalization of $396,185.34, a price-to-earnings ratio of 16.51, a P/E/G ratio of 1.95 and a beta of 1.18.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. During the same quarter in the previous year, the company posted $1.71 earnings per share. JPMorgan Chase & Co.’s revenue was up 3.3% compared to the same quarter last year. analysts forecast that JPMorgan Chase & Co. will post 8.9 EPS for the current fiscal year.
In related news, insider Peter Scher sold 26,532 shares of JPMorgan Chase & Co. stock in a transaction on Friday, January 19th. The stock was sold at an average price of $113.42, for a total transaction of $3,009,259.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mary E. Erdoes sold 65,101 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total value of $7,307,587.25. Following the transaction, the chief executive officer now owns 479,882 shares in the company, valued at $53,866,754.50. The disclosure for this sale can be found here. Insiders have sold 152,047 shares of company stock worth $17,098,115 over the last quarter. 0.88% of the stock is owned by company insiders.
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JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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