Bar Harbor Trust Services reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 11.6% in the 1st quarter, HoldingsChannel reports. The company held 10,223 shares of the financial services provider after selling 1,346 shares during the period. Bar Harbor Trust Services’ holdings in JPMorgan Chase & Co. were worth $1,394,000 at the end of the most recent reporting period.

Other institutional investors have also recently increased or reduced their stake in the company. CAPROCK Group Inc. increased its equity stake in JPMorgan Chase & Co. by 5.5% in the first quarter. CAPROCK Group Inc. now owns 29,968 shares of the financial services provider worth $4,086,000 after purchasing an additional 1,563 shares during the period. Roberts Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. by 0.7% in the first quarter. Roberts Wealth Advisors LLC now owns 23,095 shares of the financial services provider valued at $3,125,000 after acquiring 151 additional shares in the last quarter. Gryphon Financial Partners LLC increased its stake in JPMorgan Chase & Co. by 14.5% in the fourth quarter. Gryphon Financial Partners LLC now owns 15,240 shares of the financial services provider valued at $2,414,000 after acquiring an additional 1,935 shares in the last quarter. TCW Group Inc. increased its stake in JPMorgan Chase & Co. by 2.9% in the fourth quarter. TCW Group Inc. now owns 595,230 shares of the financial services provider valued at $94,254,000 after acquiring an additional 16,884 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. bought a new position in JPMorgan Chase & Co. in the fourth quarter worth $3,257,000. 70.35% of the shares are currently held by hedge funds and other institutional investors.

A number of research analysts have recently commented on JPM’s actions. Goldman Sachs Group set a target price of $151.00 on JPMorgan Chase & Co. and gave the company a “buy” rating in a Thursday, April 14 research note. Jefferies Financial Group raised its target price on JPMorgan Chase & Co. from $125.00 to $137.00 in a Tuesday, May 24 research note. Royal Bank of Canada set a target price of $175.00 on JPMorgan Chase & Co. and gave the company an “outperform” rating in a Thursday, April 14, research note. Oppenheimer upgraded JPMorgan Chase & Co. from a “market performer” rating to an “outperformer” rating and set a target price of $167.00 on the stock in a Tuesday, May 3 research note. Finally, Argus reduced its target price on JPMorgan Chase & Co. from $177.00 to $155.00 in a Thursday, April 14 research note. One equity research analyst gave the stock a sell rating, eight issued a hold rating and eight gave the company a buy rating. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $161.67.

JPMorgan Chase & Co stock. opened at $116.38 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt ratio of 1.16. The company has a 50-day moving average of $122.70 and a 200-day moving average of $138.56. The company has a market capitalization of $341.81 billion, a P/E ratio of 8.63, a P/E/G ratio of 2.09 and a beta of 1.11. JPMorgan Chase & Co. has a 1-year low of $111.48 and a 1-year high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet a rating) last reported results on Wednesday, April 13. The financial services provider reported earnings per share of $2.63 for the quarter, missing analyst consensus estimates of $2.73 per ($0.10). JPMorgan Chase & Co. achieved a return on equity of 16.58% and a net margin of 33.61%. The company posted revenue of $30.72 billion for the quarter, versus $30.53 billion expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $4.50. The company’s revenue for the quarter was down 4.8% year over year. Research analysts expect JPMorgan Chase & Co. to post earnings per share of 11.23 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, July 31. Shareholders of record on Wednesday, July 6 will receive a dividend of $1.00. The ex-dividend date is Tuesday, July 5. This represents an annualized dividend of $4.00 and a yield of 3.44%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 29.67%.

In other JPMorgan Chase & Co. news, an insider Ashley Bacon sold 21,012 shares of the company in a transaction dated Tuesday, April 19. The shares were sold at an average price of $130.04, for a total value of $2,732,400.48. Following the completion of the sale, the insider now directly owns 178,588 shares of the company, valued at $23,223,583.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Also, CEO Jennifer Piepszak sold 4,668 shares of the company in a transaction that took place on Thursday, April 14. The shares were sold at an average price of $126.19, for a total transaction of $589,054.92. As a result of the transaction, the CEO now directly owns 11,135 shares of the company, valued at approximately $1,405,125.65. Disclosure of this sale can be found here. Insiders of the company hold 0.79% of the shares of the company.

JPMorgan Chase & Co. Company Profile (Get a rating)

JPMorgan Chase & Co operates as a worldwide financial services company. 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 consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.

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Institutional ownership by quarter for JPMorgan Chase & Co. (NYSE: JPM)



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