Trustcore Financial Services LLC Purchases 1,441 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Trustcore Financial Services LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.9% in the third quarter, Holdings Channel reports. The firm owned 38,352 shares of the financial services provider’s stock after acquiring an additional 1,441 shares during the period. Trustcore Financial Services LLC’s holdings in JPMorgan Chase & Co. were worth $4,008,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. HBC Financial Services PLLC boosted its stake in shares of JPMorgan Chase & Co. by 61.2% during the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 90 shares during the period. Grayhawk Investment Strategies Inc. purchased a new stake in JPMorgan Chase & Co. in the second quarter worth about $32,000. Financial Connections Group Inc. lifted its stake in JPMorgan Chase & Co. by 48.5% in the second quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 100 shares during the period. Horizons Wealth Management purchased a new stake in JPMorgan Chase & Co. in the second quarter worth about $39,000. Finally, New Millennium Group LLC purchased a new stake in JPMorgan Chase & Co. in the second quarter worth about $39,000. 67.89% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

JPM opened at $138.45 on Wednesday. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $159.03. The firm’s 50-day moving average price is $134.78 and its 200-day moving average price is $123.13. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. The company has a market cap of $406.10 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 2.10 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.46. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The company had revenue of $34.55 billion for the quarter, compared to the consensus estimate of $34.23 billion. During the same quarter in the prior year, the company earned $3.33 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 18.1% on a year-over-year basis. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 12.88 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Thursday, January 5th. This represents a $4.00 annualized dividend and a yield of 2.89%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.11%.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 23,148 shares of the stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total value of $3,247,895.88. Following the transaction, the general counsel now owns 48,311 shares in the company, valued at approximately $6,778,516.41. The sale was disclosed in a filing with the SEC, which is available through this link. In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total value of $1,450,598.60. Following the sale, the chief executive officer now owns 544,136 shares in the company, valued at approximately $76,336,839.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 23,148 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total value of $3,247,895.88. Following the completion of the sale, the general counsel now owns 48,311 shares in the company, valued at approximately $6,778,516.41. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,887 shares of company stock worth $5,315,762. 0.79% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on JPM shares. Royal Bank of Canada set a $130.00 price objective on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. Credit Suisse Group set a $155.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, January 17th. Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. Oppenheimer upped their price objective on shares of JPMorgan Chase & Co. from $169.00 to $177.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 17th. Finally, The Goldman Sachs Group reduced their target price on shares of JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, October 4th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $147.89.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co is a financial holding company. It provides 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.

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

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