JPMorgan Chase & Co. (JPM) Shares Bought by First American Trust FSB

First American Trust FSB lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,769 shares of the financial services provider’s stock after buying an additional 1,713 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.3% of First American Trust FSB’s holdings, making the stock its 8th biggest position. First American Trust FSB’s holdings in JPMorgan Chase & Co. were worth $9,771,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Elite Wealth Management Inc. boosted its position in JPMorgan Chase & Co. by 4.1% during the first quarter. Elite Wealth Management Inc. now owns 17,891 shares of the financial services provider’s stock worth $1,967,000 after purchasing an additional 701 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in JPMorgan Chase & Co. by 7.1% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 808,379 shares of the financial services provider’s stock worth $88,897,000 after purchasing an additional 53,442 shares during the period. Nuveen Asset Management LLC boosted its position in JPMorgan Chase & Co. by 2.7% during the first quarter. Nuveen Asset Management LLC now owns 1,124,172 shares of the financial services provider’s stock worth $123,625,000 after purchasing an additional 29,540 shares during the period. Wealthfront Inc. boosted its position in JPMorgan Chase & Co. by 14.2% during the fourth quarter. Wealthfront Inc. now owns 139,214 shares of the financial services provider’s stock worth $14,888,000 after purchasing an additional 17,288 shares during the period. Finally, Chilton Investment Co. LLC boosted its position in JPMorgan Chase & Co. by 3.7% during the first quarter. Chilton Investment Co. LLC now owns 15,057 shares of the financial services provider’s stock worth $1,656,000 after purchasing an additional 531 shares during the period. 70.72% of the stock is owned by institutional investors and hedge funds.

JPM has been the subject of a number of recent research reports. Royal Bank of Canada reissued a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 16th. Goldman Sachs Group set a $128.00 target price on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Monday, July 23rd. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Societe Generale reissued a “neutral” rating and issued a $119.50 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 16th. Finally, Credit Suisse Group set a $130.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Thursday, July 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. JPMorgan Chase & Co. currently has a consensus rating of “Buy” and an average price target of $120.23.

In related news, CEO Gordon Smith sold 30,725 shares of the business’s stock in a transaction dated Monday, July 23rd. The stock was sold at an average price of $114.01, for a total value of $3,502,957.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is owned by insiders.

JPM stock opened at $113.52 on Friday. The stock has a market capitalization of $392.72 billion, a P/E ratio of 16.52, a P/E/G ratio of 1.88 and a beta of 1.16. JPMorgan Chase & Co. has a 52 week low of $90.74 and a 52 week high of $119.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, July 13th. The financial services provider reported $2.29 EPS for the quarter, beating the Zacks’ consensus estimate of $2.22 by $0.07. The business had revenue of $27.75 billion during the quarter, compared to the consensus estimate of $27.62 billion. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%. sell-side analysts predict that JPMorgan Chase & Co. will post 9.15 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

See Also: Moving Average (MA)

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

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