JPMorgan Chase & Co. (JPM) Position Trimmed by Sageworth Trust Co

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Sageworth Trust Co decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 15.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 707 shares of the financial services provider’s stock after selling 125 shares during the quarter. Sageworth Trust Co’s holdings in JPMorgan Chase & Co. were worth $69,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in JPM. R.H. Dinel Investment Counsel Inc. acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $593,000. Sterling Investment Advisors Ltd. raised its holdings in JPMorgan Chase & Co. by 7.4% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 25,158 shares of the financial services provider’s stock worth $2,455,000 after buying an additional 1,729 shares during the period. Adirondack Trust Co. raised its holdings in JPMorgan Chase & Co. by 0.5% during the 4th quarter. Adirondack Trust Co. now owns 20,026 shares of the financial services provider’s stock worth $1,955,000 after buying an additional 99 shares during the period. Weather Gauge Advisory LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $924,000. Finally, Steigerwald Gordon & Koch Inc. raised its holdings in JPMorgan Chase & Co. by 1.9% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 108,224 shares of the financial services provider’s stock worth $10,565,000 after buying an additional 2,062 shares during the period. 69.89% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have commented on JPM shares. Jefferies Financial Group downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 target price on the stock. in a report on Tuesday, January 8th. BMO Capital Markets dropped their target price on shares of JPMorgan Chase & Co. from $124.00 to $123.00 and set a “market perform” rating on the stock in a report on Wednesday, January 16th. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. Barclays restated a “buy” rating and set a $140.00 target price on shares of JPMorgan Chase & Co. in a report on Thursday, February 21st. Finally, Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $124.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. JPMorgan Chase & Co. has an average rating of “Hold” and an average target price of $123.05.

In other news, Director James S. Crown bought 5,000 shares of the stock in a transaction that occurred on Tuesday, February 5th. The shares were acquired at an average cost of $103.79 per share, for a total transaction of $518,950.00. Following the completion of the acquisition, the director now owns 311,447 shares in the company, valued at $32,325,084.13. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter Scher sold 18,679 shares of the business’s stock in a transaction on Tuesday, January 29th. The stock was sold at an average price of $105.00, for a total transaction of $1,961,295.00. Following the transaction, the insider now owns 23,471 shares in the company, valued at $2,464,455. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 190,933 shares of company stock worth $20,796,254. 0.73% of the stock is owned by corporate insiders.

NYSE JPM opened at $111.10 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.00 and a current ratio of 1.00. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $119.24. The company has a market capitalization of $377.31 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 1.60 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $2.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.33. JPMorgan Chase & Co. had a net margin of 24.28% and a return on equity of 14.23%. The company had revenue of $29.12 billion for the quarter, compared to the consensus estimate of $27.95 billion. During the same period last year, the company earned $2.37 earnings per share. On average, analysts predict that JPMorgan Chase & Co. will post 9.8 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a $0.80 dividend. The ex-dividend date is Thursday, April 4th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.88%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.

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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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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