JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.9% during the fourth quarter, HoldingsChannel reports. The firm owned 306,563 shares of the financial services provider’s stock after buying an additional 11,502 shares during the period. JPMorgan Chase & Co. comprises about 1.8% of Whittier Trust Co. of Nevada Inc.’s investment portfolio, making the stock its 9th biggest holding. Whittier Trust Co. of Nevada Inc.’s holdings in JPMorgan Chase & Co. were worth $73,486,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. RWQ Financial Management Services Inc. grew its stake in shares of JPMorgan Chase & Co. by 18.7% in the 4th quarter. RWQ Financial Management Services Inc. now owns 101,369 shares of the financial services provider’s stock valued at $24,299,000 after purchasing an additional 15,952 shares during the last quarter. Holderness Investments Co. lifted its holdings in shares of JPMorgan Chase & Co. by 1.5% during the fourth quarter. Holderness Investments Co. now owns 27,903 shares of the financial services provider’s stock worth $6,689,000 after purchasing an additional 411 shares during the period. HUB Investment Partners LLC grew its position in JPMorgan Chase & Co. by 6.6% in the 4th quarter. HUB Investment Partners LLC now owns 141,533 shares of the financial services provider’s stock valued at $33,927,000 after buying an additional 8,811 shares during the last quarter. Whittier Trust Co. grew its position in JPMorgan Chase & Co. by 0.3% in the 4th quarter. Whittier Trust Co. now owns 609,496 shares of the financial services provider’s stock valued at $146,102,000 after buying an additional 1,823 shares during the last quarter. Finally, BluePointe Capital Management LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $491,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the sale, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at $42,737,529.04. The trade was a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,848 shares of company stock worth $19,987,908. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Down 1.1 %

Shares of NYSE JPM opened at $248.35 on Friday. The firm’s 50-day moving average is $257.88 and its two-hundred day moving average is $240.12. The company has a market capitalization of $694.41 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.04 EPS. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be paid a dividend of $1.40 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.25%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 28.37%.

Wall Street Analyst Weigh In

JPM has been the topic of several analyst reports. Barclays lifted their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a report on Friday, January 3rd. UBS Group increased their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Finally, Bank of America upped their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.89.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.