Nixon Peabody Trust Co. Acquires 68,986 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Nixon Peabody Trust Co. lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 475.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 83,499 shares of the financial services provider’s stock after purchasing an additional 68,986 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.6% of Nixon Peabody Trust Co.’s portfolio, making the stock its 24th largest position. Nixon Peabody Trust Co.’s holdings in JPMorgan Chase & Co. were worth $14,203,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Stone House Investment Management LLC raised its stake in JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 89 shares in the last quarter. Bare Financial Services Inc bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth about $35,000. Partnership Wealth Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $36,000. Stuart Chaussee & Associates Inc. bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $40,000. Finally, Rakuten Securities Inc. acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $44,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Lori A. Beer sold 5,298 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the sale, the insider now directly owns 46,375 shares in the company, valued at $9,304,680. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other JPMorgan Chase & Co. news, insider Robin Leopold sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $198.86, for a total transaction of $596,580.00. Following the completion of the transaction, the insider now owns 44,113 shares of the company’s stock, valued at approximately $8,772,311.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Lori A. Beer sold 5,298 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the transaction, the insider now directly owns 46,375 shares of the company’s stock, valued at $9,304,680. The disclosure for this sale can be found here. Insiders sold 249,399 shares of company stock worth $46,713,667 over the last quarter. 0.79% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, May 21st. BMO Capital Markets dropped their price target on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a report on Monday, April 15th. Jefferies Financial Group boosted their price objective on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Keefe, Bruyette & Woods increased their target price on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a report on Tuesday, May 21st. Finally, Evercore ISI boosted their target price on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $194.10.

Read Our Latest Stock Analysis on JPMorgan Chase & Co.

JPMorgan Chase & Co. Trading Up 1.9 %

JPMorgan Chase & Co. stock traded up $3.79 during mid-day trading on Friday, hitting $200.71. 7,356,233 shares of the company’s stock were exchanged, compared to its average volume of 8,712,340. The company’s 50 day simple moving average is $194.71 and its 200-day simple moving average is $178.29. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $576.37 billion, a P/E ratio of 12.12, a PEG ratio of 2.72 and a beta of 1.13. JPMorgan Chase & Co. has a fifty-two week low of $134.40 and a fifty-two week high of $205.88.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The company had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 16.32 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

JPMorgan Chase & Co. Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMFree Report).

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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