JPMorgan Chase & Co. (JPM) Position Reduced by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 62,407 shares of the financial services provider’s stock after selling 655 shares during the period. JPMorgan Chase & Co. makes up about 1.7% of Trust Co. of Toledo NA OH’s holdings, making the stock its 9th largest holding. Trust Co. of Toledo NA OH’s holdings in JPMorgan Chase & Co. were worth $6,674,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Keeler Thomas Management LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth $112,000. Welch Investments LLC acquired a new position in JPMorgan Chase & Co. during the 3rd quarter worth $103,000. Cerebellum GP LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth $119,000. Price Wealth Management Inc. acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth $124,000. Finally, Lipe & Dalton acquired a new position in JPMorgan Chase & Co. during the 3rd quarter worth $143,000. Hedge funds and other institutional investors own 72.18% of the company’s stock.

In related news, Director Mellody L. Hobson bought 18,000 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, April 16th. The stock was acquired at an average cost of $111.05 per share, with a total value of $1,998,900.00. Following the completion of the acquisition, the director now directly owns 864 shares in the company, valued at approximately $95,947.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Todd A. Combs bought 13,000 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 14th. The shares were bought at an average cost of $114.61 per share, with a total value of $1,489,930.00. Following the completion of the acquisition, the director now owns 18,277 shares of the company’s stock, valued at $2,094,726.97. The disclosure for this purchase can be found here. Corporate insiders own 0.73% of the company’s stock.

A number of research analysts have issued reports on the company. BMO Capital Markets reiterated a “hold” rating and set a $110.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, April 13th. Morgan Stanley reduced their price target on JPMorgan Chase & Co. from $138.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, April 30th. ValuEngine lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Nomura boosted their price target on JPMorgan Chase & Co. from $113.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Finally, Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $112.75.

Shares of JPMorgan Chase & Co. opened at $110.66 on Friday, according to MarketBeat Ratings. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $119.33. The firm has a market cap of $381.74 billion, a PE ratio of 16.11, a P/E/G ratio of 1.84 and a beta of 1.24. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, beating the consensus estimate of $2.28 by $0.09. JPMorgan Chase & Co. had a return on equity of 12.60% and a net margin of 22.53%. The business had revenue of $27.90 billion during the quarter, compared to the consensus estimate of $27.73 billion. During the same period in the prior year, the business posted $1.65 earnings per share. JPMorgan Chase & Co.’s revenue was up 12.0% compared to the same quarter last year. research analysts anticipate that JPMorgan Chase & Co. will post 9.05 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Friday, July 6th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Thursday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is 32.61%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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