Bank of Hawaii grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 9.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 65,083 shares of the financial services provider’s stock after buying an additional 5,774 shares during the period. JPMorgan Chase & Co. makes up 0.5% of Bank of Hawaii’s investment portfolio, making the stock its 28th largest holding. Bank of Hawaii’s holdings in JPMorgan Chase & Co. were worth $8,481,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. Adirondack Retirement Specialists Inc. raised its stake in shares of JPMorgan Chase & Co. by 510.8% in the first quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 189 shares during the last quarter. Nordwand Advisors LLC purchased a new position in JPMorgan Chase & Co. during the first quarter worth about $30,000. Boulder Wealth Advisors LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $43,000. Capital Directions Investment Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $44,000. Finally, Sageworth Trust Co lifted its position in shares of JPMorgan Chase & Co. by 266.7% during the 1st quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock worth $53,000 after buying an additional 296 shares in the last quarter. Institutional investors and hedge funds own 70.10% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Jennifer Piepszak sold 1,871 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $140.70, for a total transaction of $263,249.70. Following the completion of the sale, the chief executive officer now owns 22,926 shares in the company, valued at approximately $3,225,688.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Jennifer Piepszak sold 1,871 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $140.70, for a total value of $263,249.70. Following the sale, the chief executive officer now directly owns 22,926 shares of the company’s stock, valued at $3,225,688.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Peter Scher sold 2,482 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was 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 13,593 shares of company stock worth $1,992,388 in the last ninety days. 0.79% of the stock is currently owned by insiders.
JPMorgan Chase & Co. Price Performance
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings results on Friday, July 14th. The financial services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.75. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. The firm had revenue of $42.40 billion during the quarter, compared to analyst estimates of $38.66 billion. During the same period in the previous year, the business earned $2.76 EPS. The business’s revenue for the quarter was up 34.1% on a year-over-year basis. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 15.57 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts recently commented on JPM shares. Evercore ISI decreased their price target on JPMorgan Chase & Co. from $155.00 to $151.00 in a research report on Friday, May 12th. Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $174.00 to $180.00 in a research report on Monday, July 17th. Jefferies Financial Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $149.00 to $165.00 in a report on Tuesday, July 11th. Credit Suisse Group raised their price objective on shares of JPMorgan Chase & Co. from $160.00 to $170.00 in a report on Monday, July 17th. Finally, Societe Generale cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $165.89.
Check Out Our Latest Analysis on JPM
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 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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