Sentinel Trust Co. LBA Purchases 19,536 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Sentinel Trust Co. LBA grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1,054.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,389 shares of the financial services provider’s stock after acquiring an additional 19,536 shares during the period. Sentinel Trust Co. LBA’s holdings in JPMorgan Chase & Co. were worth $2,916,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Joseph Group Capital Management bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $1,353,000. Evolution Advisers Inc. bought a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $52,000. Leverty Financial Group LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $54,000. Delos Wealth Advisors LLC raised its stake in JPMorgan Chase & Co. by 13,433.3% in the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock worth $64,000 after buying an additional 403 shares in the last quarter. Finally, Landmark Wealth Management LLC bought a new position in JPMorgan Chase & Co. in the first quarter worth approximately $46,000. Institutional investors own 70.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Evercore ISI reduced their price objective on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research note on Friday, July 15th. Societe Generale raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $145.00 to $150.00 in a research note on Tuesday, May 24th. Wells Fargo & Company reduced their price objective on shares of JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating for the company in a research note on Thursday, July 14th. Jefferies Financial Group cut their price target on shares of JPMorgan Chase & Co. from $137.00 to $126.00 and set a “hold” rating on the stock in a report on Monday, July 11th. Finally, Barclays set a $200.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $145.95.

JPMorgan Chase & Co. Trading Down 1.0 %

NYSE JPM opened at $114.21 on Tuesday. The company has a market capitalization of $335.44 billion, a PE ratio of 9.17, a P/E/G ratio of 2.06 and a beta of 1.12. The company has a fifty day moving average of $118.19 and a 200 day moving average of $130.27. JPMorgan Chase & Co. has a 1 year low of $106.06 and a 1 year high of $172.96. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.82.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.76. The company had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.78 earnings per share. Research analysts forecast that JPMorgan Chase & Co. will post 11.21 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, July 31st. Investors of record on Wednesday, July 6th were given a dividend of $1.00 per share. The ex-dividend date was Tuesday, July 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.50%. JPMorgan Chase & Co.’s dividend payout ratio is presently 32.10%.

JPMorgan Chase & Co. Profile

(Get Rating)

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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

Further Reading

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

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