Bremer Trust National Association lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,480 shares of the financial services provider’s stock after selling 2,411 shares during the period. JPMorgan Chase & Co. accounts for 1.6% of Bremer Trust National Association’s investment portfolio, making the stock its 8th largest holding. Bremer Trust National Association’s holdings in JPMorgan Chase & Co. were worth $5,585,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Segantii Capital Management Ltd acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth about $2,196,000. SRS Capital Advisors Inc. boosted its stake in shares of JPMorgan Chase & Co. by 27.1% during the 1st quarter. SRS Capital Advisors Inc. now owns 4,853 shares of the financial services provider’s stock worth $426,000 after purchasing an additional 1,035 shares during the last quarter. Stockman Wealth Management Inc. boosted its stake in shares of JPMorgan Chase & Co. by 8.0% during the 1st quarter. Stockman Wealth Management Inc. now owns 39,074 shares of the financial services provider’s stock worth $3,432,000 after purchasing an additional 2,904 shares during the last quarter. Jacobson & Schmitt Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth about $244,000. Finally, State Street Corp boosted its stake in shares of JPMorgan Chase & Co. by 0.8% during the 1st quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock worth $14,979,775,000 after purchasing an additional 1,357,194 shares during the last quarter. Hedge funds and other institutional investors own 73.76% of the company’s stock.
JPMorgan Chase & Co. (NYSE:JPM) traded up $1.83 during mid-day trading on Friday, reaching $112.67. 18,879,980 shares of the company traded hands, compared to its average volume of 14,580,000. The firm has a market capitalization of $390,930.00, a P/E ratio of 16.16, a P/E/G ratio of 2.01 and a beta of 1.22. JPMorgan Chase & Co. has a 1-year low of $81.64 and a 1-year high of $112.85. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 24.08% and a return on equity of 11.68%. The business had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. During the same quarter in the prior year, the company posted $1.71 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. sell-side analysts expect that JPMorgan Chase & Co. will post 6.9 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders 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%.
JPM has been the topic of several research analyst reports. Argus raised their target price on shares of JPMorgan Chase & Co. from $109.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday. Barclays raised their target price on shares of JPMorgan Chase & Co. from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Nomura set a $115.00 price target on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Friday. Credit Suisse Group reaffirmed a “buy” rating and set a $110.00 price target (up from $103.00) on shares of JPMorgan Chase & Co. in a research report on Monday, October 9th. They noted that the move was a valuation call. Finally, Oppenheimer reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $102.52.
In other JPMorgan Chase & Co. 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 transaction of $214,014.04. Following the sale, the general counsel now owns 15,279 shares in the company, valued at approximately $1,557,846.84. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.88% of the stock is currently owned by insiders.
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About JPMorgan Chase & Co.
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.
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