JPMorgan Chase & Co. (JPM) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 179,109 shares of the financial services provider’s stock after selling 1,368 shares during the quarter. JPMorgan Chase & Co. comprises 1.2% of CENTRAL TRUST Co’s investment portfolio, making the stock its 20th largest position. CENTRAL TRUST Co’s holdings in JPMorgan Chase & Co. were worth $18,663,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of JPM. Summit Trail Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 10,129.2% during the 1st quarter. Summit Trail Advisors LLC now owns 6,914,142 shares of the financial services provider’s stock valued at $6,914,000 after acquiring an additional 6,846,550 shares during the last quarter. OppenheimerFunds Inc. boosted its position in shares of JPMorgan Chase & Co. by 104.9% during the 1st quarter. OppenheimerFunds Inc. now owns 9,051,033 shares of the financial services provider’s stock valued at $995,342,000 after acquiring an additional 4,634,515 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of JPMorgan Chase & Co. by 421.0% during the 4th quarter. Mackenzie Financial Corp now owns 3,427,864 shares of the financial services provider’s stock valued at $366,576,000 after acquiring an additional 2,769,926 shares during the last quarter. ADAMCAPITAL Gestao de Recursos Ltda. bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $262,139,000. Finally, OMERS ADMINISTRATION Corp boosted its position in shares of JPMorgan Chase & Co. by 108.1% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,835,312 shares of the financial services provider’s stock valued at $421,769,000 after acquiring an additional 1,992,507 shares during the last quarter. Hedge funds and other institutional investors own 70.72% of the company’s stock.

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

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

A number of analysts have recently issued reports on the company. DZ Bank upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Keefe, Bruyette & Woods reissued a “$111.53” rating and set a $127.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, July 18th. UBS Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Credit Suisse Group set a $130.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Thursday, July 12th. Finally, Goldman Sachs Group set a $128.00 price objective on JPMorgan Chase & Co. and gave the company a “neutral” rating in a report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $120.23.

In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 30,725 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $114.01, for a total value of $3,502,957.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.73% of the stock is owned by insiders.

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: Book Value Of Equity Per Share – BVPS Explained

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

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