Indiana Trust & Investment Management Co Acquires 1,975 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Indiana Trust & Investment Management Co boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,523 shares of the financial services provider’s stock after purchasing an additional 1,975 shares during the quarter. JPMorgan Chase & Co. comprises 2.4% of Indiana Trust & Investment Management Co’s portfolio, making the stock its 9th largest holding. Indiana Trust & Investment Management Co’s holdings in JPMorgan Chase & Co. were worth $7,077,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Community Financial Services Group LLC raised its stake in JPMorgan Chase & Co. by 3.3% during the fourth quarter. Community Financial Services Group LLC now owns 47,343 shares of the financial services provider’s stock worth $11,349,000 after acquiring an additional 1,533 shares in the last quarter. Wealth Advisors Northwest LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $485,000. Signet Investment Advisory Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 0.3% in the fourth quarter. Signet Investment Advisory Group Inc. now owns 25,481 shares of the financial services provider’s stock valued at $6,108,000 after purchasing an additional 86 shares in the last quarter. Sonata Capital Group Inc. lifted its holdings in JPMorgan Chase & Co. by 0.5% during the 4th quarter. Sonata Capital Group Inc. now owns 11,096 shares of the financial services provider’s stock worth $2,660,000 after buying an additional 50 shares in the last quarter. Finally, David Wealth Management LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $311,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the sale, the chief executive officer now directly owns 158,381 shares in the company, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the transaction, the insider now owns 50,377 shares of the company’s stock, valued at $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,326 shares of company stock worth $12,448,445 in the last quarter. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Barclays raised their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Bank of America lifted their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Citigroup lifted their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. Trading Down 4.5 %

NYSE:JPM opened at $266.80 on Friday. The firm has a market capitalization of $746.01 billion, a P/E ratio of 13.52, a P/E/G ratio of 2.96 and a beta of 1.12. The company has a fifty day moving average of $255.63 and a 200 day moving average of $234.48. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 52 week low of $178.52 and a 52 week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The business had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.04 earnings per share. On average, research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is currently 25.33%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.