92,124 Shares in JPMorgan Chase & Co. (NYSE:JPM) Purchased by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 92,124 shares of the financial services provider's stock, valued at approximately $15,670,000. JPMorgan Chase & Co. makes up 2.2% of Harbour Trust & Investment Management Co's holdings, making the stock its 11th largest holding.

Other institutional investors also recently modified their holdings of the company. Moneta Group Investment Advisors LLC grew its holdings in JPMorgan Chase & Co. by 105,652.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider's stock worth $13,141,876,000 after acquiring an additional 97,907,897 shares during the period. Morgan Stanley grew its holdings in JPMorgan Chase & Co. by 0.3% during the 3rd quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider's stock worth $9,127,754,000 after acquiring an additional 201,441 shares during the period. FMR LLC grew its holdings in JPMorgan Chase & Co. by 1.2% during the 3rd quarter. FMR LLC now owns 49,417,639 shares of the financial services provider's stock worth $7,166,546,000 after acquiring an additional 606,382 shares during the period. Wellington Management Group LLP grew its holdings in JPMorgan Chase & Co. by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider's stock worth $6,151,997,000 after acquiring an additional 4,603,090 shares during the period. Finally, Northern Trust Corp grew its holdings in JPMorgan Chase & Co. by 2.7% during the 3rd quarter. Northern Trust Corp now owns 33,089,310 shares of the financial services provider's stock worth $4,798,612,000 after acquiring an additional 871,091 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Lori A. Beer sold 3,920 shares of the firm's stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the sale, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the transaction, the insider now directly owns 64,783 shares in the company, valued at approximately $12,656,006.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Peter Scher sold 1,810 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $323,917.60. Following the completion of the transaction, the insider now owns 44,956 shares of the company's stock, valued at $8,045,325.76. The disclosure for this sale can be found here. Insiders have sold a total of 1,020,696 shares of company stock valued at $186,794,151 in the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of research analyst reports. Morgan Stanley cut their price objective on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an "overweight" rating on the stock in a research report on Monday. Royal Bank of Canada reissued an "outperform" rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Bank of America increased their price objective on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a "buy" rating in a research report on Thursday, January 4th. UBS Group cut their price objective on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a "market perform" rating in a research report on Friday, April 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and an average target price of $192.05.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock traded down $2.23 during mid-day trading on Tuesday, hitting $180.66. 16,448,365 shares of the stock were exchanged, compared to its average volume of 9,418,906. JPMorgan Chase & Co. has a 12 month low of $131.81 and a 12 month high of $200.94. The company has a 50-day simple moving average of $188.28 and a 200 day simple moving average of $168.17. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. The company has a market capitalization of $518.87 billion, a P/E ratio of 10.90, a P/E/G ratio of 2.32 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The firm had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. During the same period in the prior year, the business earned $3.57 EPS. JPMorgan Chase & Co.'s quarterly revenue was up 11.7% compared to the same quarter last year. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 15.78 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. Shareholders of record on Friday, April 5th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $4.60 annualized dividend and a dividend yield of 2.55%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.78%.

About JPMorgan Chase & Co.

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.