JPMorgan Chase & Co. (JPM) Shares Sold by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,240 shares of the financial services provider’s stock after selling 536 shares during the quarter. Trustmark National Bank Trust Department’s holdings in JPMorgan Chase & Co. were worth $2,029,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. David R. Rahn & Associates Inc. bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at about $1,458,000. Ironwood Investment Management LLC grew its position in JPMorgan Chase & Co. by 61.9% during the 2nd quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock worth $609,000 after acquiring an additional 2,550 shares during the last quarter. Gamble Jones Investment Counsel grew its position in JPMorgan Chase & Co. by 0.6% during the 2nd quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock worth $4,566,000 after acquiring an additional 276 shares during the last quarter. Grove Bank & Trust grew its position in JPMorgan Chase & Co. by 16.9% during the 2nd quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock worth $895,000 after acquiring an additional 1,417 shares during the last quarter. Finally, Lee Danner & Bass Inc. grew its position in JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock worth $1,599,000 after acquiring an additional 69 shares during the last quarter. Institutional investors and hedge funds own 73.66% of the company’s stock.

Several equities analysts recently issued reports on the company. ValuEngine upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Morgan Stanley raised their price target on JPMorgan Chase & Co. from $128.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research report on Thursday, January 18th. Argus raised their price target on JPMorgan Chase & Co. from $109.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Finally, Vining Sparks restated a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have given a buy rating to the company. JPMorgan Chase & Co. presently has an average rating of “Hold” and an average price target of $108.71.

Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $114.68 on Friday. The firm has a market capitalization of $397,910.00, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 1.97 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $117.35.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.07. The company had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.71 EPS. sell-side analysts forecast that JPMorgan Chase & Co. will post 8.78 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is presently 35.11%.

In other news, insider Peter Scher sold 26,532 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $113.42, for a total value of $3,009,259.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James S. Crown bought 7,280 shares of the stock in a transaction dated Thursday, January 18th. The stock was purchased at an average price of $113.37 per share, with a total value of $825,333.60. Following the purchase, the director now owns 305,875 shares in the company, valued at $34,677,048.75. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 152,047 shares of company stock valued at $17,098,115. 0.88% of the stock is currently owned by company insiders.

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JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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