Heartland Bank & Trust Co Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Heartland Bank & Trust Co grew its stake in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 20.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,152 shares of the financial services provider’s stock after acquiring an additional 3,703 shares during the period. JPMorgan Chase & Co. accounts for 2.2% of Heartland Bank & Trust Co’s holdings, making the stock its 8th biggest holding. Heartland Bank & Trust Co’s holdings in JPMorgan Chase & Co. were worth $2,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in JPM. Twin Lakes Capital Management LLC raised its position in JPMorgan Chase & Co. by 0.5% during the 4th quarter. Twin Lakes Capital Management LLC now owns 13,786 shares of the financial services provider’s stock worth $1,849,000 after buying an additional 71 shares during the last quarter. Karpas Strategies LLC grew its position in JPMorgan Chase & Co. by 0.3% during the 4th quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock worth $2,898,000 after purchasing an additional 71 shares during the period. Oxler Private Wealth LLC grew its position in JPMorgan Chase & Co. by 0.9% during the 4th quarter. Oxler Private Wealth LLC now owns 8,158 shares of the financial services provider’s stock worth $1,094,000 after purchasing an additional 71 shares during the period. Sanford Advisory Services LLC grew its position in JPMorgan Chase & Co. by 2.4% during the 4th quarter. Sanford Advisory Services LLC now owns 3,176 shares of the financial services provider’s stock worth $426,000 after purchasing an additional 73 shares during the period. Finally, Gould Asset Management LLC CA grew its position in JPMorgan Chase & Co. by 1.2% during the 4th quarter. Gould Asset Management LLC CA now owns 6,580 shares of the financial services provider’s stock worth $882,000 after purchasing an additional 75 shares during the period. 70.10% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

JPM has been the topic of several analyst reports. BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $169.00 to $170.00 in a research report on Tuesday, May 2nd. 92 Resources reissued a “maintains” rating on shares of JPMorgan Chase & Co. in a research note on Friday, May 12th. Royal Bank of Canada cut their target price on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a research note on Friday, March 24th. The Goldman Sachs Group boosted their target price on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research note on Friday, April 14th. Finally, StockNews.com began coverage on JPMorgan Chase & Co. in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $157.35.

Insiders Place Their Bets

In related news, CEO Douglas B. Petno sold 4,930 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $142.16, for a total value of $700,848.80. Following the sale, the chief executive officer now owns 277,161 shares in the company, valued at approximately $39,401,207.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 4,930 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $142.16, for a total transaction of $700,848.80. Following the sale, the chief executive officer now directly owns 277,161 shares in the company, valued at $39,401,207.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Peter Scher sold 2,482 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $141.39, for a total transaction of $350,929.98. Following the completion of the transaction, the insider now directly owns 41,333 shares of the company’s stock, valued at approximately $5,844,072.87. The disclosure for this sale can be found here. Insiders have sold 145,861 shares of company stock worth $19,858,275 over the last ninety days. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.4 %

JPM opened at $145.44 on Friday. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $146.00. The stock has a market capitalization of $425.02 billion, a PE ratio of 10.73, a P/E/G ratio of 1.92 and a beta of 1.10. The business’s 50 day moving average price is $138.75 and its 200 day moving average price is $136.76. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.85.

JPMorgan Chase & Co. (NYSE:JPM – Free Report) last issued its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.69. The firm had revenue of $38.35 billion for the quarter, compared to analyst estimates of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. JPMorgan Chase & Co.’s revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.63 EPS. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 14.46 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, July 5th. JPMorgan Chase & Co.’s payout ratio is 29.52%.

JPMorgan Chase & Co. Profile

(Free Report)

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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

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