BancorpSouth Bank Reduces Position in JPMorgan Chase & Co. (JPM)

BancorpSouth Bank lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the first quarter, Holdings Channel reports. The institutional investor owned 21,003 shares of the financial services provider’s stock after selling 500 shares during the period. BancorpSouth Bank’s holdings in JPMorgan Chase & Co. were worth $2,310,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Youngs Advisory Group Inc. boosted its holdings in JPMorgan Chase & Co. by 8.2% during the fourth quarter. Youngs Advisory Group Inc. now owns 6,051 shares of the financial services provider’s stock worth $647,000 after buying an additional 460 shares during the last quarter. Foster & Motley Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 0.5% during the 4th quarter. Foster & Motley Inc. now owns 95,423 shares of the financial services provider’s stock valued at $10,205,000 after purchasing an additional 461 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of JPMorgan Chase & Co. by 4.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 11,815 shares of the financial services provider’s stock valued at $1,264,000 after purchasing an additional 461 shares in the last quarter. Kistler Tiffany Companies LLC lifted its holdings in shares of JPMorgan Chase & Co. by 2.9% during the 4th quarter. Kistler Tiffany Companies LLC now owns 16,431 shares of the financial services provider’s stock valued at $1,757,000 after purchasing an additional 463 shares in the last quarter. Finally, Meridian Wealth Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 0.8% during the 4th quarter. Meridian Wealth Management LLC now owns 57,308 shares of the financial services provider’s stock valued at $5,536,000 after purchasing an additional 465 shares in the last quarter. Hedge funds and other institutional investors own 72.01% of the company’s stock.

JPM has been the topic of several recent analyst reports. Zacks Investment Research cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Vetr upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $111.60 price objective on the stock in a report on Thursday, March 8th. Credit Suisse Group lifted their price objective on JPMorgan Chase & Co. from $125.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, March 19th. Edward Jones upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, March 22nd. Finally, ValuEngine cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $114.06.

In related news, Director Chase & Co Jpmorgan purchased 22,000 shares of the stock in a transaction on Thursday, May 31st. The shares were purchased at an average price of $1,000.00 per share, with a total value of $22,000,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Todd A. Combs purchased 13,000 shares of the stock in a transaction on Monday, May 14th. The shares were bought at an average cost of $114.61 per share, for a total transaction of $1,489,930.00. Following the transaction, the director now directly owns 18,277 shares in the company, valued at $2,094,726.97. The disclosure for this purchase can be found here. Insiders have acquired a total of 53,000 shares of company stock worth $25,488,830 in the last ninety days. Insiders own 0.73% of the company’s stock.

JPMorgan Chase & Co. opened at $103.61 on Wednesday, Marketbeat.com reports. The company has a market cap of $357.61 billion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 1.73 and a beta of 1.20. JPMorgan Chase & Co. has a twelve month low of $88.08 and a twelve month high of $119.33. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.09. The firm had revenue of $27.90 billion for the quarter, compared to analyst estimates of $27.73 billion. JPMorgan Chase & Co. had a return on equity of 12.60% and a net margin of 22.53%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.65 EPS. research analysts forecast that JPMorgan Chase & Co. will post 9.03 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, July 6th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Thursday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 32.61%.

JPMorgan Chase & Co. Company 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.

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

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