JPMorgan Chase (JPM) Stake Decreased by Whittier Trust Co.

Whittier Trust Co. lowered its stake in shares of JPMorgan Chase (NYSE:JPM) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 564,137 shares of the financial services provider’s stock after selling 3,711 shares during the period. JPMorgan Chase makes up 2.1% of Whittier Trust Co.’s investment portfolio, making the stock its 3rd biggest holding. Whittier Trust Co.’s holdings in JPMorgan Chase were worth $60,329,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Youngs Advisory Group Inc. raised its holdings in shares of JPMorgan Chase by 8.2% in the 4th quarter. Youngs Advisory Group Inc. now owns 6,051 shares of the financial services provider’s stock worth $647,000 after acquiring an additional 460 shares during the last quarter. Foster & Motley Inc. increased its stake in JPMorgan Chase by 0.5% in the 4th quarter. Foster & Motley Inc. now owns 95,423 shares of the financial services provider’s stock valued at $10,205,000 after buying an additional 461 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in JPMorgan Chase by 4.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 11,815 shares of the financial services provider’s stock valued at $1,264,000 after buying an additional 461 shares during the last quarter. Kistler Tiffany Companies LLC increased its stake in JPMorgan Chase by 2.9% in the 4th quarter. Kistler Tiffany Companies LLC now owns 16,431 shares of the financial services provider’s stock valued at $1,757,000 after buying an additional 463 shares during the last quarter. Finally, Meridian Wealth Management LLC increased its stake in JPMorgan Chase by 0.8% in the 4th quarter. Meridian Wealth Management LLC now owns 57,308 shares of the financial services provider’s stock valued at $5,536,000 after buying an additional 465 shares during the last quarter. Hedge funds and other institutional investors own 72.18% of the company’s stock.

JPMorgan Chase opened at $112.15 on Tuesday, according to MarketBeat. The company has a market capitalization of $381.39 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 1.84 and a beta of 1.24. JPMorgan Chase has a 12 month low of $81.64 and a 12 month high of $119.33. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, July 6th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, July 5th. JPMorgan Chase’s payout ratio is 32.61%.

Several research firms have commented on JPM. Keefe, Bruyette & Woods upgraded shares of JPMorgan Chase from a “market perform” rating to an “outperform” rating and set a $127.00 price objective for the company in a research note on Tuesday, February 13th. ValuEngine raised shares of JPMorgan Chase from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Vetr raised shares of JPMorgan Chase from a “sell” rating to a “hold” rating and set a $105.98 target price for the company in a research report on Monday, February 12th. Jefferies Group reissued a “buy” rating and set a $122.00 target price on shares of JPMorgan Chase in a research report on Monday, April 16th. Finally, Zacks Investment Research downgraded shares of JPMorgan Chase from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the company. JPMorgan Chase currently has a consensus rating of “Hold” and a consensus price target of $112.75.

In other news, Director Mellody L. Hobson purchased 18,000 shares of the business’s stock in a transaction on Monday, April 16th. The stock was purchased at an average cost of $111.05 per share, with a total value of $1,998,900.00. Following the acquisition, the director now directly owns 864 shares in the company, valued at $95,947.20. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Todd A. Combs purchased 13,000 shares of the business’s stock in a transaction on Monday, May 14th. The stock was purchased 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 in the company, valued at $2,094,726.97. The disclosure for this purchase can be found here. 0.73% of the stock is owned by company insiders.

JPMorgan Chase Company 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 (NYSE:JPM)

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