Midwest Trust Co Has $131.88 Million Stock Holdings in JPMorgan Chase & Co. $JPM

Midwest Trust Co grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.5% during the 1st quarter, Holdings Channel reports. The firm owned 448,341 shares of the financial services provider’s stock after purchasing an additional 6,820 shares during the period. JPMorgan Chase & Co. comprises 1.6% of Midwest Trust Co’s investment portfolio, making the stock its 9th largest position. Midwest Trust Co’s holdings in JPMorgan Chase & Co. were worth $131,884,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp lifted its holdings in shares of JPMorgan Chase & Co. by 46.7% in the first quarter. Fifth Third Bancorp now owns 3,307,677 shares of the financial services provider’s stock valued at $972,986,000 after buying an additional 1,053,505 shares during the period. Sovran Advisors LLC grew its holdings in JPMorgan Chase & Co. by 35.6% during the first quarter. Sovran Advisors LLC now owns 18,839 shares of the financial services provider’s stock worth $5,901,000 after acquiring an additional 4,943 shares during the period. Rossmore Private Capital raised its position in JPMorgan Chase & Co. by 2.5% in the first quarter. Rossmore Private Capital now owns 104,011 shares of the financial services provider’s stock worth $30,596,000 after acquiring an additional 2,574 shares in the last quarter. Signature Resources Capital Management LLC raised its position in JPMorgan Chase & Co. by 7.3% in the first quarter. Signature Resources Capital Management LLC now owns 690 shares of the financial services provider’s stock worth $203,000 after acquiring an additional 47 shares in the last quarter. Finally, Oakwell Private Wealth Management LLC raised its position in JPMorgan Chase & Co. by 6.8% in the first quarter. Oakwell Private Wealth Management LLC now owns 8,546 shares of the financial services provider’s stock worth $2,514,000 after acquiring an additional 547 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.1%

NYSE JPM opened at $346.77 on Thursday. The firm’s 50 day moving average price is $317.58 and its two-hundred day moving average price is $309.98. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.85. JPMorgan Chase & Co. has a twelve month low of $279.10 and a twelve month high of $351.24. The stock has a market cap of $929.17 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.56 and a beta of 0.99.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.50 by $0.44. The company had revenue of $50.54 billion during the quarter, compared to analyst estimates of $48.30 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.07 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 22.82 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, July 6th. JPMorgan Chase & Co.’s payout ratio is presently 25.71%.

Insider Buying and Selling

In other news, COO Jennifer Piepszak sold 4,919 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total value of $1,522,036.98. Following the completion of the sale, the chief operating officer directly owned 85,082 shares of the company’s stock, valued at $26,326,072.44. This represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Barnum sold 3,022 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total transaction of $935,037.02. Following the sale, the chief financial officer owned 32,438 shares of the company’s stock, valued at approximately $10,036,641.58. This represents a 8.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 18,876 shares of company stock valued at $5,907,051. Corporate insiders own 0.41% of the company’s stock.

Trending Headlines about JPMorgan Chase & Co.

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Analysts Set New Price Targets

Several research analysts have issued reports on the company. DZ Bank reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, April 15th. HSBC lifted their target price on JPMorgan Chase & Co. from $288.00 to $312.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Dbs Bank raised JPMorgan Chase & Co. to a “hold” rating in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods upped their target price on JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Autonomous Res decreased their price target on JPMorgan Chase & Co. from $360.00 to $324.00 and set a “neutral” rating for the company in a research report on Monday, April 6th. Fifteen research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.42.

Check Out Our Latest Report on JPMorgan Chase & Co.

About JPMorgan Chase & Co.

(Free Report)

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

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

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