Trust Co. of Toledo NA OH Purchases 2,075 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Trust Co. of Toledo NA OH grew its position in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,241 shares of the financial services provider’s stock after acquiring an additional 2,075 shares during the quarter. JPMorgan Chase & Co. accounts for 3.0% of Trust Co. of Toledo NA OH’s holdings, making the stock its 4th biggest position. Trust Co. of Toledo NA OH’s holdings in JPMorgan Chase & Co. were worth $19,077,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Stonehearth Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. in the first quarter valued at $223,000. Modus Advisors LLC increased its position in JPMorgan Chase & Co. by 1.3% during the first quarter. Modus Advisors LLC now owns 26,112 shares of the financial services provider’s stock worth $5,230,000 after buying an additional 336 shares during the last quarter. Newbridge Financial Services Group Inc. raised its stake in JPMorgan Chase & Co. by 13.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 10,706 shares of the financial services provider’s stock valued at $1,821,000 after buying an additional 1,289 shares during the period. HighPoint Advisor Group LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $31,722,000. Finally, Fairman Group LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $153,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 1.0 %

NYSE:JPM opened at $197.00 on Wednesday. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $205.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s fifty day moving average is $194.83 and its 200-day moving average is $184.02. The firm has a market cap of $565.72 billion, a P/E ratio of 11.90, a P/E/G ratio of 2.62 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The company had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. Equities analysts expect that JPMorgan Chase & Co. will post 16.41 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be given a dividend of $1.15 per share. The ex-dividend date is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.34%. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now owns 64,783 shares in the company, valued at $12,656,006.88. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the transaction, the insider now directly owns 64,783 shares in the company, valued at $12,656,006.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the sale, the general counsel now owns 42,124 shares in the company, valued at approximately $8,452,180.60. The disclosure for this sale can be found here. Insiders have sold 254,485 shares of company stock valued at $47,728,528 in the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on JPM. Oppenheimer reduced their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. Jefferies Financial Group boosted their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Keefe, Bruyette & Woods increased their target price on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a report on Tuesday, May 21st. Robert W. Baird boosted their price target on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Finally, UBS Group increased their price target on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $194.10.

View Our Latest Stock Report on JPM

JPMorgan Chase & Co. Profile

(Free Report)

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

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

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