First United Bank Trust Raises Position in JPMorgan Chase & Co. (JPM)

First United Bank Trust raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 12.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,945 shares of the financial services provider’s stock after purchasing an additional 2,848 shares during the period. JPMorgan Chase & Co. comprises 1.7% of First United Bank Trust’s portfolio, making the stock its 14th biggest position. First United Bank Trust’s holdings in JPMorgan Chase & Co. were worth $2,478,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rothschild Capital Partners LLC grew its stake in JPMorgan Chase & Co. by 0.5% during the 1st quarter. Rothschild Capital Partners LLC now owns 120,841 shares of the financial services provider’s stock valued at $10,615,000 after purchasing an additional 592 shares during the last quarter. Hennessy Advisors Inc. boosted its stake in shares of JPMorgan Chase & Co. by 6.3% in the first quarter. Hennessy Advisors Inc. now owns 17,000 shares of the financial services provider’s stock worth $1,493,000 after buying an additional 1,000 shares during the last quarter. Verity & Verity LLC boosted its stake in shares of JPMorgan Chase & Co. by 2.0% in the first quarter. Verity & Verity LLC now owns 98,169 shares of the financial services provider’s stock worth $8,624,000 after buying an additional 1,972 shares during the last quarter. Swedbank boosted its stake in shares of JPMorgan Chase & Co. by 19.0% in the first quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock worth $462,130,000 after buying an additional 840,518 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its stake in shares of JPMorgan Chase & Co. by 0.7% in the first quarter. North Star Investment Management Corp. now owns 267,316 shares of the financial services provider’s stock worth $23,481,000 after buying an additional 1,779 shares during the last quarter. 73.76% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently commented on JPM shares. Wells Fargo & Co upped their target price on JPMorgan Chase & Co. from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Royal Bank of Canada reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Jefferies Group reissued a “buy” rating and set a $102.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, September 15th. Barclays increased their target price on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Finally, BMO Capital Markets increased their target price on JPMorgan Chase & Co. from $86.00 to $91.00 and gave the company a “market perform” rating in a report on Friday, October 13th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $102.52.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the transaction, the general counsel now owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.88% of the company’s stock.

JPMorgan Chase & Co. (JPM) traded up $1.83 during trading on Friday, reaching $112.67. The company’s stock had a trading volume of 18,879,980 shares, compared to its average volume of 14,580,000. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. JPMorgan Chase & Co. has a one year low of $81.64 and a one year high of $112.85. The firm has a market capitalization of $390,930.00, a PE ratio of 16.16, a PEG ratio of 2.01 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The business had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. During the same quarter in the previous year, the firm earned $1.71 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. analysts anticipate that JPMorgan Chase & Co. will post 6.9 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 1.99%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.14%.

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JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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