Heritage Trust Co decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,626 shares of the financial services provider’s stock after selling 1,739 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.5% of Heritage Trust Co’s investment portfolio, making the stock its 12th biggest position. Heritage Trust Co’s holdings in JPMorgan Chase & Co. were worth $4,137,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 5.6% in the first quarter. ProShare Advisors LLC now owns 1,345,230 shares of the financial services provider’s stock valued at $147,935,000 after purchasing an additional 71,731 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of JPMorgan Chase & Co. by 2.2% in the first quarter. Nomura Asset Management Co. Ltd. now owns 949,895 shares of the financial services provider’s stock valued at $104,460,000 after purchasing an additional 20,521 shares during the last quarter. BB&T Securities LLC grew its position in shares of JPMorgan Chase & Co. by 4.6% in the first quarter. BB&T Securities LLC now owns 713,227 shares of the financial services provider’s stock valued at $78,432,000 after purchasing an additional 31,373 shares during the last quarter. Osterweis Capital Management Inc. grew its position in shares of JPMorgan Chase & Co. by 62.5% in the first quarter. Osterweis Capital Management Inc. now owns 429,433 shares of the financial services provider’s stock valued at $47,225,000 after purchasing an additional 165,177 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. grew its position in shares of JPMorgan Chase & Co. by 9.9% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 279,896 shares of the financial services provider’s stock valued at $30,780,000 after purchasing an additional 25,272 shares during the last quarter. 71.69% of the stock is currently owned by institutional investors.

Several research firms have recently commented on JPM. Royal Bank of Canada reaffirmed a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 16th. Goldman Sachs Group set a $128.00 target price on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Monday, July 23rd. Societe Generale reaffirmed a “neutral” rating and issued a $119.50 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 16th. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Finally, Credit Suisse Group set a $130.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Thursday, July 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the stock. JPMorgan Chase & Co. has a consensus rating of “Buy” and a consensus target price of $120.23.

In other JPMorgan Chase & Co. news, Director Chase & Co Jpmorgan bought 22,000 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, May 31st. The shares were purchased at an average price of $1,000.00 per share, with a total value of $22,000,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gordon Smith sold 30,725 shares of the firm’s stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $114.01, for a total value of $3,502,957.25. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Shares of JPM stock opened at $114.68 on Friday. The firm has a market capitalization of $395.77 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24. JPMorgan Chase & Co. has a fifty-two week low of $88.08 and a fifty-two week high of $119.33. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, July 13th. The financial services provider reported $2.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.22 by $0.07. The firm had revenue of $27.75 billion for the quarter, compared to the consensus estimate of $27.62 billion. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%. analysts forecast that JPMorgan Chase & Co. will post 9.15 earnings per share for the current year.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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