CHICAGO TRUST Co NA Acquires 3,134 Shares of JPMorgan Chase & Co. (NYSE:JPM)

CHICAGO TRUST Co NA lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,754 shares of the financial services provider’s stock after purchasing an additional 3,134 shares during the period. JPMorgan Chase & Co. comprises approximately 1.4% of CHICAGO TRUST Co NA’s investment portfolio, making the stock its 12th largest holding. CHICAGO TRUST Co NA’s holdings in JPMorgan Chase & Co. were worth $6,827,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JPM. Norges Bank purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $6,016,878,000. International Assets Investment Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at approximately $1,017,893,000. Swedbank AB bought a new position in JPMorgan Chase & Co. in the 1st quarter worth approximately $800,130,000. Capital Research Global Investors grew its stake in JPMorgan Chase & Co. by 23.3% in the 1st quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider’s stock valued at $3,445,185,000 after buying an additional 3,252,451 shares in the last quarter. Finally, Capital International Investors raised its holdings in JPMorgan Chase & Co. by 5.4% during the 4th quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock valued at $7,062,094,000 after acquiring an additional 2,128,478 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 0.9 %

NYSE:JPM traded up $1.74 during trading hours on Friday, reaching $205.80. The company’s stock had a trading volume of 5,431,336 shares, compared to its average volume of 9,292,017. The firm has a market capitalization of $590.99 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 2.42 and a beta of 1.12. The firm has a 50-day simple moving average of $203.58 and a 200-day simple moving average of $194.09. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $217.56. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping the consensus estimate of $4.19 by $1.93. The firm had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same quarter in the previous year, the business earned $4.37 earnings per share. Research analysts expect that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is 25.66%.

Analysts Set New Price Targets

JPM has been the subject of several recent research reports. Robert W. Baird boosted their price objective 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. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. BMO Capital Markets increased their target price on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

Insider Buying and Selling

In other news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the transaction, the insider now directly owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the transaction, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Marianne Lake sold 11,734 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $200.02, for a total transaction of $2,347,034.68. Following the completion of the sale, the chief executive officer now owns 122,740 shares in the company, valued at approximately $24,550,454.80. The disclosure for this sale can be found here. Insiders have sold a total of 26,533 shares of company stock valued at $5,310,756 over the last three months. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. 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, 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.