JPMorgan Chase & Co. (NYSE:JPM) is Heritage Trust Co’s 9th Largest Position

Heritage Trust Co lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,270 shares of the financial services provider’s stock after buying an additional 3,061 shares during the quarter. JPMorgan Chase & Co. makes up 1.6% of Heritage Trust Co’s investment portfolio, making the stock its 9th largest holding. Heritage Trust Co’s holdings in JPMorgan Chase & Co. were worth $10,240,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JPM. Cypress Point Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $25,000. Inspire Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $27,000. Retirement Group LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $29,000. Tower View Investment Management & Research LLC boosted its position in JPMorgan Chase & Co. by 71.8% in the 1st quarter. Tower View Investment Management & Research LLC now owns 225 shares of the financial services provider’s stock valued at $34,000 after buying an additional 94 shares during the period. Finally, Valley Forge Investment Consultants Inc. ADV acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $48,000. 70.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE JPM traded down $0.94 during midday trading on Friday, reaching $159.46. 580,021 shares of the company were exchanged, compared to its average volume of 14,262,492. The company’s fifty day moving average is $158.15. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $482.71 billion, a PE ratio of 12.74, a P/E/G ratio of 2.48 and a beta of 1.21. JPMorgan Chase & Co. has a 1 year low of $90.78 and a 1 year high of $167.44.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, April 13th. The financial services provider reported $4.50 earnings per share for the quarter, beating the consensus estimate of $3.10 by $1.40. JPMorgan Chase & Co. had a return on equity of 16.66% and a net margin of 31.15%. The company had revenue of $32.30 billion for the quarter, compared to the consensus estimate of $29.97 billion. During the same period last year, the business posted $0.78 EPS. The company’s revenue was up 14.3% on a year-over-year basis. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 13.35 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, July 31st. Shareholders of record on Tuesday, July 6th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Friday, July 2nd. This represents a $3.60 annualized dividend and a yield of 2.26%. JPMorgan Chase & Co.’s dividend payout ratio is currently 40.54%.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 11,930 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $150.91, for a total value of $1,800,356.30. Also, CEO Mary E. Erdoes sold 19,188 shares of the business’s stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $150.90, for a total value of $2,895,469.20. In the last 90 days, insiders have sold 61,130 shares of company stock valued at $9,224,636. 0.79% of the stock is owned by insiders.

JPM has been the subject of a number of recent research reports. Royal Bank of Canada lifted their target price on JPMorgan Chase & Co. from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, April 15th. DZ Bank reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, April 6th. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $173.00 target price on the stock. in a report on Wednesday. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, DA Davidson increased their price objective on shares of JPMorgan Chase & Co. from $179.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, April 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $151.79.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in 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, auto loan, and leasing services.

Recommended Story: Certificate of Deposit (CD) For Risk Adverse Investors?

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.