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

Trustcore Financial Services LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,352 shares of the financial services provider’s stock after acquiring an additional 1,441 shares during the quarter. Trustcore Financial Services LLC’s holdings in JPMorgan Chase & Co. were worth $4,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Grayhawk Investment Strategies Inc. bought a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at about $32,000. HBC Financial Services PLLC boosted its holdings in shares of JPMorgan Chase & Co. by 61.2% during the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 90 shares during the last quarter. Financial Connections Group Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 48.5% during the 2nd quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 100 shares during the last quarter. Horizons Wealth Management purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at about $39,000. Finally, New Millennium Group LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at about $39,000. 67.89% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Trading Up 0.9 %

JPMorgan Chase & Co. stock opened at $138.45 on Wednesday. The stock has a market cap of $406.10 billion, a P/E ratio of 11.46, a PEG ratio of 2.10 and a beta of 1.13. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year 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.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.46. The firm had revenue of $34.55 billion for 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 company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.33 earnings per share. On average, equities analysts predict that JPMorgan Chase & Co. will post 12.88 earnings per share 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 given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 33.11%.

Insider Buying and Selling

In related news, CEO Mary E. Erdoes sold 10,340 shares of the business’s stock in a transaction on Tuesday, January 17th. The shares were 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 $76,336,839.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Mary E. Erdoes sold 10,340 shares of the business’s stock in a transaction on Tuesday, January 17th. The shares were 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 $76,336,839.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mellody L. Hobson purchased 375 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 19th. The stock was acquired at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the transaction, the director now directly owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 37,887 shares of company stock worth $5,315,762. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Barclays raised their price target on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. BMO Capital Markets raised their price target on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the company a “market perform” rating in a report on Monday, October 17th. StockNews.com began coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, October 12th. They set a “hold” rating on the stock. The Goldman Sachs Group dropped their price objective on shares of JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, October 4th. Finally, UBS Group set a $156.00 price objective on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.89.

JPMorgan Chase & Co. 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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