Indiana Trust & Investment Management Co Raises Stock Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Indiana Trust & Investment Management Co increased its stake in JPMorgan Chase & Co. by 3.0%, holding 30,398 shares valued at approximately $7.46 million.
• Several hedge funds significantly boosted their positions in JPMorgan, with GAMMA Investing LLC increasing its stake by an astounding 25,861.9%, now owning 23.56 million shares worth nearly $5.78 billion.
• JPMorgan Chase reported earnings of $4.96 per share for the latest quarter, surpassing estimates and showing a net margin of 20.52%, although revenue declined by 10.5% year-over-year.

Indiana Trust & Investment Management Co boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,398 shares of the financial services provider's stock after acquiring an additional 875 shares during the quarter. JPMorgan Chase & Co. makes up approximately 2.7% of Indiana Trust & Investment Management Co's holdings, making the stock its 7th biggest holding. Indiana Trust & Investment Management Co's holdings in JPMorgan Chase & Co. were worth $7,457,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in shares of JPMorgan Chase & Co. by 25,861.9% in the 1st quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock valued at $5,778,289,000 after acquiring an additional 23,465,278 shares during the period. Nuveen LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $3,972,807,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of JPMorgan Chase & Co. by 16.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,550,491 shares of the financial services provider's stock valued at $4,207,028,000 after acquiring an additional 2,465,572 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $454,042,000. Finally, National Bank of Canada FI raised its position in shares of JPMorgan Chase & Co. by 44.4% in the 1st quarter. National Bank of Canada FI now owns 4,518,740 shares of the financial services provider's stock valued at $1,108,415,000 after acquiring an additional 1,388,992 shares during the period. Institutional investors own 71.55% of the company's stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the transaction, the director owned 82,207 shares of the company's stock, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $298.53 on Wednesday. The company's fifty day simple moving average is $293.36 and its 200-day simple moving average is $266.44. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a market cap of $820.87 billion, a PE ratio of 15.32, a P/E/G ratio of 1.95 and a beta of 1.13. JPMorgan Chase & Co. has a 12 month low of $201.83 and a 12 month high of $305.15.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. During the same period last year, the business earned $6.12 earnings per share. The firm's revenue was down 10.5% on a year-over-year basis. Equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Phillip Securities cut JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Citigroup set a $275.00 target price on JPMorgan Chase & Co. and gave the stock a "buy" rating in a research note on Monday, July 7th. Finally, Hsbc Global Res cut JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $291.67.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

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