Pennsylvania Trust Co increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 344,882 shares of the financial services provider’s stock after purchasing an additional 7,779 shares during the period. JPMorgan Chase & Co. makes up approximately 1.6% of Pennsylvania Trust Co’s holdings, making the stock its 8th largest position. Pennsylvania Trust Co’s holdings in JPMorgan Chase & Co. were worth $36,890,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new position in JPMorgan Chase & Co. during the third quarter valued at about $102,000. Welch Investments LLC bought a new position in JPMorgan Chase & Co. during the third quarter valued at about $103,000. Legacy Advisors LLC bought a new position in JPMorgan Chase & Co. during the third quarter valued at about $106,000. Atlantic Trust LLC bought a new position in JPMorgan Chase & Co. during the second quarter valued at about $136,000. Finally, Lipe & Dalton bought a new position in JPMorgan Chase & Co. during the third quarter valued at about $143,000. 74.47% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on JPM shares. Vetr lowered JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price target on the stock. in a research note on Wednesday, January 10th. Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Morgan Stanley boosted their price target on JPMorgan Chase & Co. from $133.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. Credit Suisse Group upgraded JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price target on the stock in a research note on Friday, January 5th. Finally, Vining Sparks restated a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, January 12th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $112.14.
In related news, General Counsel Stacey Friedman sold 17,729 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $112.33, for a total transaction of $1,991,498.57. Following the sale, the general counsel now directly owns 21,260 shares in the company, valued at approximately $2,388,135.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Peter Scher sold 26,532 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $113.42, for a total value of $3,009,259.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,047 shares of company stock worth $17,098,115. 0.88% of the stock is owned by corporate insiders.
Shares of JPM stock opened at $107.01 on Friday. The company has a market capitalization of $377,343.88, a P/E ratio of 15.73, a P/E/G ratio of 1.86 and a beta of 1.18. JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $119.33. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.24.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion for the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. JPMorgan Chase & Co.’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.71 EPS. analysts anticipate that JPMorgan Chase & Co. will post 8.89 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 6th will be given a dividend of $0.56 per share. The ex-dividend date is Thursday, April 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.09%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.
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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