Cambridge Trust Co. Acquires 55,239 Shares of JPMorgan Chase (JPM)

Cambridge Trust Co. grew its holdings in JPMorgan Chase (NYSE:JPM) by 43.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 183,340 shares of the financial services provider’s stock after purchasing an additional 55,239 shares during the quarter. Cambridge Trust Co.’s holdings in JPMorgan Chase were worth $19,606,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of JPM. Kohmann Bosshard Financial Services LLC purchased a new position in JPMorgan Chase in the third quarter worth approximately $102,000. Welch Investments LLC purchased a new position in JPMorgan Chase in the third quarter worth approximately $103,000. Legacy Advisors LLC purchased a new position in JPMorgan Chase in the third quarter worth approximately $106,000. Cerebellum GP LLC acquired a new stake in JPMorgan Chase during the fourth quarter worth approximately $119,000. Finally, Atlantic Trust LLC acquired a new stake in JPMorgan Chase during the second quarter worth approximately $136,000. 74.50% of the stock is owned by institutional investors and hedge funds.

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Shares of JPMorgan Chase stock opened at $109.09 on Monday. The firm has a market capitalization of $374,392.41, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.84 and a beta of 1.24. JPMorgan Chase has a 12 month low of $81.64 and a 12 month high of $119.33. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.01 and a current ratio of 1.01.

JPMorgan Chase (NYSE:JPM) last announced its earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. The business had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase had a net margin of 21.46% and a return on equity of 11.63%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.71 EPS. equities research analysts expect that JPMorgan Chase will post 8.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 6th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $2.24 annualized dividend and a yield of 2.05%. JPMorgan Chase’s dividend payout ratio is currently 32.61%.

JPM has been the topic of a number of research analyst reports. Buckingham Research raised shares of JPMorgan Chase from a “neutral” rating to a “buy” rating in a report on Thursday, December 21st. Wells Fargo set a $120.00 price objective on shares of JPMorgan Chase and gave the stock a “buy” rating in a report on Wednesday, December 20th. Credit Suisse Group raised shares of JPMorgan Chase to a “buy” rating and set a $120.00 price objective on the stock in a report on Friday, January 5th. Vining Sparks reissued a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase in a report on Friday, January 12th. Finally, Argus raised their price objective on shares of JPMorgan Chase from $109.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $112.58.

In other JPMorgan Chase news, insider Ashley Bacon sold 16,434 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total value of $1,844,223.48. Following the transaction, the insider now directly owns 98,811 shares of the company’s stock, valued at approximately $11,088,570.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mary E. Erdoes sold 65,101 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the completion of the transaction, the chief executive officer now directly owns 479,882 shares in the company, valued at $53,866,754.50. The disclosure for this sale can be found here. Insiders sold a total of 152,047 shares of company stock worth $17,098,115 over the last three months. 0.88% of the stock is currently owned by corporate insiders.

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JPMorgan Chase 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.

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

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