The Private Trust Co. NA Lowers Position in JPMorgan Chase & Co. (JPM)

The Private Trust Co. NA Lowers Position in JPMorgan Chase & Co. (JPM)

Other hedge funds have also recently modified their holdings of the company. FMR LLC boosted its stake in shares of JPMorgan Chase & Co. by 19.4% in the fourth quarter. FMR LLC now owns 96,587,143 shares of the financial services provider’s stock valued at $8,334,505,000 after buying an additional 15,715,835 shares during the period. Shepherd Financial Partners LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $3,128,000. Guggenheim Capital LLC boosted its stake in shares of JPMorgan Chase & Co. by 5.9% in the fourth quarter. Guggenheim Capital LLC now owns 1,234,560 shares of the financial services provider’s stock valued at $106,530,000 after buying an additional 68,720 shares during the period. Michael & Susan Dell Foundation purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $42,343,000. Finally, Green Square Capital LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.6% in the third quarter. Green Square Capital LLC now owns 64,353 shares of the financial services provider’s stock valued at $4,285,000 after buying an additional 1,000 shares during the period. 73.65% of the stock is currently owned by institutional investors and hedge funds.

Private Trust Co. NA lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 21.3% during the first quarter, Holdings Channel reports. The firm owned 69,907 shares of the financial services provider’s stock after selling 18,936 shares during the period. JPMorgan Chase & Co. comprises approximately 1.4% of Private Trust Co. NA’s holdings, making the stock its 10th largest position. Private Trust Co. NA’s holdings in JPMorgan Chase & Co. were worth $6,140,000 at the end of the most recent quarter.

Shares of JPMorgan Chase & Co. (JPM) opened at 82.64 on Monday. The stock has a market capitalization of $293.56 billion, a PE ratio of 12.72 and a beta of 1.49. The company’s 50 day moving average price is $85.91 and its 200-day moving average price is $86.27. JPMorgan Chase & Co. has a 52 week low of $57.05 and a 52 week high of $93.98.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Thursday, April 13th. The financial services provider reported $1.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.13. JPMorgan Chase & Co. had a return on equity of 10.91% and a net margin of 23.45%. The firm had revenue of $25.59 billion during the quarter, compared to analysts’ expectations of $24.40 billion. During the same period in the previous year, the firm posted $1.35 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities research analysts predict that JPMorgan Chase & Co. will post $6.68 EPS for the current year.

Several analysts have recently issued reports on JPM shares. Daiwa Capital Markets raised JPMorgan Chase & Co. from a “hold” rating to an “outperform” rating in a report on Tuesday, February 7th. BMO Capital Markets reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, March 1st. Rafferty Capital Markets reaffirmed a “buy” rating and set a $97.00 price objective (up from $96.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, March 21st. Credit Suisse Group AG upped their price objective on JPMorgan Chase & Co. to $99.00 and gave the stock a “buy” rating in a report on Wednesday, March 15th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $100.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, March 20th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-one have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $80.46. In related news, COO Matthew E. Zames sold 3,405 shares of the business’s stock in a transaction on Monday, April 17th. The stock was sold at an average price of $85.06, for a total transaction of $289,629.30. Following the completion of the transaction, the chief operating officer now directly owns 329,019 shares of the company’s stock, valued at approximately $27,986,356.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ashley Bacon sold 6,514 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $87.21, for a total value of $568,085.94. Following the transaction, the insider now directly owns 47,384 shares of the company’s stock, valued at $4,132,358.64. The disclosure for this sale can be found here. Insiders have sold a total of 20,711 shares of company stock valued at $1,775,791 over the last three months. 0.85% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Company Profile JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “JPM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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