Legacy Private Trust Co. Sells 789 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Legacy Private Trust Co. lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,025 shares of the financial services provider’s stock after selling 789 shares during the period. JPMorgan Chase & Co. comprises 1.3% of Legacy Private Trust Co.’s holdings, making the stock its 19th largest position. Legacy Private Trust Co.’s holdings in JPMorgan Chase & Co. were worth $11,991,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in JPM. Nuveen Asset Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 2,432.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 23,689,599 shares of the financial services provider’s stock valued at $2,648,497,000 after acquiring an additional 22,754,332 shares in the last quarter. Boston Partners grew its holdings in shares of JPMorgan Chase & Co. by 301.6% in the 3rd quarter. Boston Partners now owns 10,211,286 shares of the financial services provider’s stock valued at $1,202,693,000 after acquiring an additional 7,668,930 shares in the last quarter. Invesco Ltd. grew its holdings in shares of JPMorgan Chase & Co. by 39.8% in the 2nd quarter. Invesco Ltd. now owns 23,689,706 shares of the financial services provider’s stock valued at $2,648,509,000 after acquiring an additional 6,745,215 shares in the last quarter. Johanson Financial Advisors Inc. grew its holdings in shares of JPMorgan Chase & Co. by 13,859.0% in the 4th quarter. Johanson Financial Advisors Inc. now owns 3,216,433 shares of the financial services provider’s stock valued at $23,073,000 after acquiring an additional 3,193,391 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 43.3% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 7,563,083 shares of the financial services provider’s stock valued at $845,552,000 after acquiring an additional 2,283,575 shares in the last quarter. Hedge funds and other institutional investors own 72.05% of the company’s stock.

Shares of NYSE:JPM opened at $138.80 on Wednesday. JPMorgan Chase & Co. has a 52-week low of $98.09 and a 52-week high of $141.10. The company has a market capitalization of $426.78 billion, a P/E ratio of 15.42, a price-to-earnings-growth ratio of 1.85 and a beta of 1.24. The company has a 50-day simple moving average of $136.24 and a 200 day simple moving average of $121.84. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.93 and a current ratio of 0.93.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.25. JPMorgan Chase & Co. had a net margin of 24.70% and a return on equity of 14.63%. The business had revenue of $28.30 billion during the quarter, compared to the consensus estimate of $27.69 billion. During the same period last year, the business posted $1.98 EPS. JPMorgan Chase & Co.’s revenue was up 8.4% on a year-over-year basis. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 10.21 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.60 annualized dividend and a yield of 2.59%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 40.00%.

Several equities analysts have recently weighed in on JPM shares. Wolfe Research cut JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, January 6th. Citigroup raised their price objective on JPMorgan Chase & Co. from $116.00 to $140.00 and gave the company a “neutral” rating in a report on Monday, December 16th. DA Davidson started coverage on JPMorgan Chase & Co. in a report on Wednesday, January 8th. They issued a “neutral” rating and a $140.00 price objective for the company. Wells Fargo & Co restated an “outperform” rating on shares of JPMorgan Chase & Co. in a report on Monday, December 23rd. Finally, Keefe, Bruyette & Woods downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and set a $135.00 target price for the company. in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $131.33.

In other JPMorgan Chase & Co. news, insider Nicole Giles sold 863 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $126.73, for a total transaction of $109,367.99. Following the completion of the sale, the insider now directly owns 8,949 shares in the company, valued at $1,134,106.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mellody L. Hobson acquired 16,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were bought at an average price of $124.65 per share, with a total value of $1,994,400.00. Following the completion of the transaction, the director now directly owns 8,186 shares of the company’s stock, valued at $1,020,384.90. The disclosure for this purchase can be found here. Insiders sold a total of 69,655 shares of company stock valued at $9,095,955 over the last quarter. 0.76% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

Read More: What is a capital gain?

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.