Trinity Legacy Partners LLC Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Trinity Legacy Partners LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,014 shares of the financial services provider’s stock after selling 215 shares during the quarter. Trinity Legacy Partners LLC’s holdings in JPMorgan Chase & Co. were worth $806,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of JPM. Cantor Fitzgerald Investment Advisor L.P increased its position in shares of JPMorgan Chase & Co. by 81.1% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after acquiring an additional 99,636 shares during the period. BCK Partners Inc. purchased a new position in shares of JPMorgan Chase & Co. in the first quarter valued at about $2,455,000. LSV Asset Management increased its position in shares of JPMorgan Chase & Co. by 35.6% in the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after acquiring an additional 9,800 shares during the period. Wsfs Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 70.8% in the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after acquiring an additional 1,749 shares during the period. Finally, Lumature Wealth Partners LLC boosted its stake in shares of JPMorgan Chase & Co. by 1,451.4% during the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 3,527 shares in the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.

Insider Activity

In other news, Vice Chairman Peter Scher sold 4,399 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total transaction of $617,267.68. Following the completion of the transaction, the insider now directly owns 36,369 shares of the company’s stock, valued at $5,103,298.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Vice Chairman Peter Scher sold 4,399 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total transaction of $617,267.68. Following the completion of the transaction, the insider now directly owns 36,369 shares of the company’s stock, valued at $5,103,298.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mellody L. Hobson acquired 375 shares of the firm’s stock in a transaction dated Thursday, January 19th. The shares were bought at an average cost of $134.53 per share, with a total value of $50,448.75. Following the completion of the acquisition, the director now directly owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The disclosure for this purchase can be found here. Insiders sold 37,887 shares of company stock valued at $5,315,762 over the last three months. Insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on JPM. Wells Fargo & Company raised shares of JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $148.00 to $155.00 in a research note on Monday, March 13th. Credit Suisse Group set a $155.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, February 27th. Barclays lifted their target price on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. Royal Bank of Canada set a $130.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. Finally, Morgan Stanley lifted their target price on shares of JPMorgan Chase & Co. from $167.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, February 24th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $150.78.

JPMorgan Chase & Co. Stock Down 3.8 %

Shares of JPMorgan Chase & Co. stock opened at $125.81 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $370.30 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 2.09 and a beta of 1.12. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $144.34. The company has a 50-day simple moving average of $139.06 and a two-hundred day simple moving average of $129.21.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.46. The business had revenue of $34.55 billion during the quarter, compared to analysts’ expectations of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.33 earnings per share. On average, analysts anticipate that JPMorgan Chase & Co. will post 12.9 EPS for the current fiscal year.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.