Colonial Trust Advisors Has $27.38 Million Position in JPMorgan Chase & Co. $JPM

Key Points

• Colonial Trust Advisors increased its stake in JPMorgan Chase & Co. by 1.6%, now owning 111,636 shares valued at approximately $27.38 million, making it the sixth largest holding in their portfolio.
• In the first quarter, several institutional investors, including Northern Trust Corp and GAMMA Investing LLC, significantly boosted their positions in JPMorgan, with GAMMA increasing its holdings by an extraordinary 25,861.9%.
• JPMorgan posted earnings of $4.96 per share for the latest quarter, exceeding expectations, despite a 10.5% revenue decline year-over-year, with total revenue reported at $44.91 billion.

Colonial Trust Advisors lifted its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,636 shares of the financial services provider's stock after acquiring an additional 1,766 shares during the quarter. JPMorgan Chase & Co. makes up 2.4% of Colonial Trust Advisors' portfolio, making the stock its 6th biggest holding. Colonial Trust Advisors' holdings in JPMorgan Chase & Co. were worth $27,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. GSG Advisors LLC raised its holdings in JPMorgan Chase & Co. by 2.1% during the first quarter. GSG Advisors LLC now owns 4,033 shares of the financial services provider's stock valued at $945,000 after buying an additional 83 shares in the last quarter. Giverny Capital Inc. raised its holdings in JPMorgan Chase & Co. by 1.4% during the first quarter. Giverny Capital Inc. now owns 44,483 shares of the financial services provider's stock valued at $10,912,000 after buying an additional 621 shares in the last quarter. M Holdings Securities Inc. raised its holdings in JPMorgan Chase & Co. by 1.7% during the first quarter. M Holdings Securities Inc. now owns 26,263 shares of the financial services provider's stock valued at $6,442,000 after buying an additional 435 shares in the last quarter. Korea Investment CORP raised its holdings in JPMorgan Chase & Co. by 1.9% during the first quarter. Korea Investment CORP now owns 2,156,860 shares of the financial services provider's stock valued at $529,078,000 after buying an additional 40,969 shares in the last quarter. Finally, Watts Gwilliam & Co. LLC raised its holdings in JPMorgan Chase & Co. by 3.2% during the first quarter. Watts Gwilliam & Co. LLC now owns 16,925 shares of the financial services provider's stock valued at $4,152,000 after buying an additional 519 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the sale, the chief operating officer directly owned 62,455 shares of the company's stock, valued at $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JPM. TD Cowen began coverage on JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a "buy" rating and a $305.00 target price on the stock. Hsbc Global Res lowered JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. HSBC restated a "reduce" rating and set a $259.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price on the stock. in a report on Friday, June 27th. Finally, Royal Bank Of Canada set a $305.00 price target on JPMorgan Chase & Co. and gave the company an "outperform" rating in a research report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and a consensus price target of $288.68.

JPMorgan Chase & Co. Stock Performance

JPM stock traded down $1.1820 during trading on Thursday, reaching $291.0580. 6,622,726 shares of the stock were exchanged, compared to its average volume of 7,551,326. JPMorgan Chase & Co. has a twelve month low of $200.61 and a twelve month high of $301.29. The company has a market capitalization of $800.34 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11. The stock has a 50 day simple moving average of $288.29 and a 200-day simple moving average of $264.27. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25.

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, topping analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The business had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same period last year, the business earned $6.12 earnings per share. The firm's revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

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.