Farmers & Merchants Trust Co of Chambersburg PA Sells 825 Shares of JPMorgan Chase & Co. (JPM)

Farmers & Merchants Trust Co of Chambersburg PA reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,022 shares of the financial services provider’s stock after selling 825 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 2.0% of Farmers & Merchants Trust Co of Chambersburg PA’s portfolio, making the stock its 11th largest holding. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in JPMorgan Chase & Co. were worth $1,984,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Contravisory Investment Management Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 188.3% during the fourth quarter. Contravisory Investment Management Inc. now owns 542 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 354 shares during the period. Bogart Wealth LLC boosted its holdings in shares of JPMorgan Chase & Co. by 19.0% during the fourth quarter. Bogart Wealth LLC now owns 625 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 100 shares during the period. Arlington Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 126.6% during the third quarter. Arlington Partners LLC now owns 895 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 500 shares during the period. Investment Partners LTD. boosted its holdings in shares of JPMorgan Chase & Co. by 12.5% during the third quarter. Investment Partners LTD. now owns 21,950 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 2,436 shares during the period. Finally, O Brien Wealth Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1,120.9% during the third quarter. O Brien Wealth Partners LLC now owns 1,111 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 1,020 shares during the period. 69.89% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the stock. Barclays raised their target price on shares of JPMorgan Chase & Co. from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, January 2nd. Daiwa Capital Markets downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Friday, February 8th. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Morgan Stanley decreased their target price on shares of JPMorgan Chase & Co. from $131.00 to $124.00 and set an “overweight” rating for the company in a research note on Tuesday, January 8th. Finally, BMO Capital Markets raised their target price on shares of JPMorgan Chase & Co. from $116.00 to $118.00 and gave the company a “market perform” rating in a research note on Monday, April 15th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $123.05.

Shares of JPM opened at $113.46 on Friday. The company has a market cap of $389.39 billion, a P/E ratio of 12.61, a PEG ratio of 1.60 and a beta of 1.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.33. The company had revenue of $29.12 billion during the quarter, compared to the consensus estimate of $27.95 billion. JPMorgan Chase & Co. had a net margin of 24.28% and a return on equity of 14.23%. During the same quarter last year, the firm earned $2.37 earnings per share. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 9.8 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 35.56%.

In other news, Director Mellody L. Hobson purchased 1,700 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, April 18th. The stock was bought at an average price of $114.26 per share, with a total value of $194,242.00. Following the completion of the transaction, the director now directly owns 7,485 shares of the company’s stock, valued at $855,236.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ashley Bacon sold 20,145 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $109.75, for a total transaction of $2,210,913.75. Following the sale, the insider now directly owns 112,191 shares of the company’s stock, valued at approximately $12,312,962.25. The disclosure for this sale can be found here. In the last three months, insiders have purchased 24,700 shares of company stock valued at $2,711,552 and have sold 190,933 shares valued at $20,796,254. 0.73% of the stock is owned by company insiders.

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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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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