JPMorgan Chase & Co. $JPM Shares Acquired by First Financial Bank Trust Division

First Financial Bank Trust Division lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,612 shares of the financial services provider’s stock after purchasing an additional 336 shares during the quarter. JPMorgan Chase & Co. comprises 2.0% of First Financial Bank Trust Division’s portfolio, making the stock its 13th largest position. First Financial Bank Trust Division’s holdings in JPMorgan Chase & Co. were worth $22,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wimmer Associates 1 LLC raised its position in JPMorgan Chase & Co. by 1.0% in the 4th quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider’s stock worth $986,000 after purchasing an additional 40 shares during the last quarter. Twin Lakes Capital Management LLC raised its position in JPMorgan Chase & Co. by 0.3% in the 4th quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider’s stock worth $3,340,000 after purchasing an additional 40 shares during the last quarter. First Command Advisory Services Inc. raised its position in JPMorgan Chase & Co. by 0.4% in the 1st quarter. First Command Advisory Services Inc. now owns 9,306 shares of the financial services provider’s stock worth $2,283,000 after purchasing an additional 40 shares during the last quarter. Black Swift Group LLC raised its position in JPMorgan Chase & Co. by 0.7% in the 1st quarter. Black Swift Group LLC now owns 5,759 shares of the financial services provider’s stock worth $1,413,000 after purchasing an additional 40 shares during the last quarter. Finally, Beacon Bridge Wealth Partners LLC raised its position in JPMorgan Chase & Co. by 1.8% in the 1st quarter. Beacon Bridge Wealth Partners LLC now owns 2,231 shares of the financial services provider’s stock worth $547,000 after purchasing an additional 40 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the transaction, the director owned 82,207 shares of the company’s stock, valued at $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on JPM shares. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Zacks Research cut shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Hsbc Global Res cut shares of JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. Evercore ISI set a $298.00 target price on shares of JPMorgan Chase & Co. and gave the company an “outperform” rating in a research report on Monday, July 7th. Finally, Morgan Stanley upped their target price on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $291.67.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $306.88 on Friday. JPMorgan Chase & Co. has a 12-month low of $202.16 and a 12-month high of $307.55. The firm has a market capitalization of $843.84 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a fifty day moving average of $293.94 and a 200-day moving average of $267.32.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same quarter in the previous year, the business earned $6.12 EPS. The firm’s revenue was down 10.5% on a year-over-year basis. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.