JPMorgan Chase & Co. (NYSE:JPM) Holdings Reduced by Cambridge Trust Co.

Cambridge Trust Co. reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 377,351 shares of the financial services provider’s stock after selling 10,713 shares during the period. JPMorgan Chase & Co. accounts for approximately 2.3% of Cambridge Trust Co.’s investment portfolio, making the stock its 7th largest holding. Cambridge Trust Co.’s holdings in JPMorgan Chase & Co. were worth $50,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. HBC Financial Services PLLC lifted its position in 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 in the last quarter. Grayhawk Investment Strategies Inc. purchased a new position in JPMorgan Chase & Co. during the second quarter valued at $32,000. Horizons Wealth Management purchased a new position in JPMorgan Chase & Co. during the second quarter valued at $39,000. New Millennium Group LLC purchased a new position in JPMorgan Chase & Co. during the second quarter valued at $39,000. Finally, Parkwood LLC lifted its position in JPMorgan Chase & Co. by 7.1% during the second quarter. Parkwood LLC now owns 43,703 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 2,885 shares in the last quarter. 67.89% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 375 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 10,340 shares of the business’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 transaction of $1,450,598.60. Following the completion of the transaction, 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 can be accessed through this link. Also, Director Mellody L. Hobson bought 375 shares of the company’s stock in a transaction on Thursday, January 19th. The shares were acquired at an average price of $134.53 per share, with a total value of $50,448.75. Following the transaction, 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. Over the last quarter, insiders sold 37,887 shares of company stock worth $5,315,762. Corporate insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Credit Suisse Group set a $155.00 target price on JPMorgan Chase & Co. in a research report on Monday, February 27th. StockNews.com assumed coverage on JPMorgan Chase & Co. in a report on Thursday. They set a “hold” rating on the stock. Oppenheimer raised their price target on JPMorgan Chase & Co. from $177.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, February 2nd. Barclays raised their price target on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Finally, UBS Group set a $156.00 price target on JPMorgan Chase & Co. in a report on Friday, January 13th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $150.78.

JPMorgan Chase & Co. Trading Down 3.8 %

JPM opened at $125.81 on Friday. The firm has a market cap of $370.30 billion, a P/E ratio of 10.41, a P/E/G ratio of 2.09 and a beta of 1.12. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $144.34. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. The stock has a 50-day moving average of $139.06 and a 200 day moving average of $129.21.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, topping the consensus estimate of $3.11 by $0.46. The company had revenue of $34.55 billion during the quarter, compared to analyst estimates of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The firm’s revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the business posted $3.33 earnings per share. As a group, research analysts forecast that JPMorgan Chase & Co. will post 12.9 EPS for the current year.

JPMorgan Chase & Co. 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.