Indiana Trust & Investment Management CO Purchases 108 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Indiana Trust & Investment Management CO boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,761 shares of the financial services provider’s stock after acquiring an additional 108 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.1% of Indiana Trust & Investment Management CO’s holdings, making the stock its 9th biggest holding. Indiana Trust & Investment Management CO’s holdings in JPMorgan Chase & Co. were worth $4,552,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cantor Fitzgerald Investment Advisor L.P raised its holdings in JPMorgan Chase & Co. by 81.1% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after purchasing an additional 99,636 shares in the last quarter. BCK Partners Inc. acquired a new stake in JPMorgan Chase & Co. during the first quarter worth approximately $2,455,000. LSV Asset Management raised its holdings in JPMorgan Chase & Co. by 35.6% during the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after purchasing an additional 9,800 shares in the last quarter. Wsfs Capital Management LLC raised its holdings in JPMorgan Chase & Co. by 70.8% during the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after purchasing an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 3,527 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.5 %

NYSE:JPM opened at $198.48 on Tuesday. The company has a market capitalization of $571.70 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 2.50 and a beta of 1.15. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 52-week low of $126.22 and a 52-week high of $200.94. The stock has a fifty day simple moving average of $186.68 and a 200-day simple moving average of $166.60.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The firm had revenue of $38.57 billion during the quarter, compared to analyst estimates of $39.73 billion. During the same period in the previous year, the firm posted $3.57 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that JPMorgan Chase & Co. will post 15.8 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be paid a $1.15 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. This represents a $4.60 annualized dividend and a yield of 2.32%. JPMorgan Chase & Co.’s payout ratio is presently 28.36%.

Insider Activity at JPMorgan Chase & Co.

In other news, CEO Jennifer Piepszak sold 1,649 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total transaction of $274,706.91. Following the completion of the transaction, the chief executive officer now owns 34,467 shares of the company’s stock, valued at approximately $5,741,857.53. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO James Dimon sold 821,778 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the completion of the transaction, the chief executive officer now owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jennifer Piepszak sold 1,649 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total value of $274,706.91. Following the sale, the chief executive officer now owns 34,467 shares of the company’s stock, valued at approximately $5,741,857.53. The disclosure for this sale can be found here. In the last quarter, insiders sold 849,303 shares of company stock valued at $155,107,447. 0.79% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on JPM shares. Bank of America lifted their target price on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, January 4th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Morgan Stanley lifted their price objective on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a research report on Tuesday, January 16th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $189.11.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. 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 deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.