First Bank & Trust Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

First Bank & Trust raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 31.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,142 shares of the financial services provider’s stock after buying an additional 1,726 shares during the period. First Bank & Trust’s holdings in JPMorgan Chase & Co. were worth $840,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Wharton Business Group LLC raised its stake in shares of JPMorgan Chase & Co. by 0.3% during the second quarter. Wharton Business Group LLC now owns 86,951 shares of the financial services provider’s stock worth $9,721,000 after buying an additional 235 shares during the last quarter. New England Investment & Retirement Group Inc. raised its stake in shares of JPMorgan Chase & Co. by 27.2% during the second quarter. New England Investment & Retirement Group Inc. now owns 6,695 shares of the financial services provider’s stock worth $748,000 after buying an additional 1,433 shares during the last quarter. Carillon Tower Advisers Inc. raised its stake in shares of JPMorgan Chase & Co. by 4.7% during the second quarter. Carillon Tower Advisers Inc. now owns 300,522 shares of the financial services provider’s stock worth $33,598,000 after buying an additional 13,477 shares during the last quarter. BTR Capital Management Inc. raised its stake in shares of JPMorgan Chase & Co. by 0.7% during the second quarter. BTR Capital Management Inc. now owns 164,688 shares of the financial services provider’s stock worth $18,412,000 after buying an additional 1,223 shares during the last quarter. Finally, Annex Advisory Services LLC raised its stake in shares of JPMorgan Chase & Co. by 21.5% during the second quarter. Annex Advisory Services LLC now owns 27,273 shares of the financial services provider’s stock worth $3,050,000 after buying an additional 4,834 shares during the last quarter. Hedge funds and other institutional investors own 71.90% of the company’s stock.

In other news, insider Nicole Giles sold 863 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $126.73, for a total value of $109,367.99. Following the transaction, the insider now directly owns 8,949 shares of the company’s stock, valued at $1,134,106.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gordon Smith sold 83,289 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $119.98, for a total transaction of $9,993,014.22. Following the completion of the transaction, the chief executive officer now directly owns 393,197 shares in the company, valued at $47,175,776.06. The disclosure for this sale can be found here. Insiders have sold 152,944 shares of company stock worth $19,088,970 over the last ninety days. Insiders own 0.76% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of JPMorgan Chase & Co. to $126.00 in a research note on Wednesday, October 16th. Royal Bank of Canada upped their target price on shares of JPMorgan Chase & Co. to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Robert W. Baird upped their target price on shares of JPMorgan Chase & Co. from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. DZ Bank reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, August 21st. Finally, Credit Suisse Group set a $135.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $123.02.

JPM traded up $0.38 during trading hours on Friday, hitting $130.38. 9,160,446 shares of the company’s stock were exchanged, compared to its average volume of 12,174,789. The company has a quick ratio of 0.97, a current ratio of 0.93 and a debt-to-equity ratio of 1.26. The stock’s 50-day moving average is $120.77 and its two-hundred day moving average is $114.02. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $131.29. The stock has a market cap of $404.92 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 1.81 and a beta of 1.21.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.45 by $0.23. JPMorgan Chase & Co. had a net margin of 24.70% and a return on equity of 14.63%. The firm had revenue of $29.34 billion for the quarter, compared to analyst estimates of $28.36 billion. During the same period in the prior year, the firm posted $2.34 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 10.17 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were given a dividend of $0.90 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 2.76%. The ex-dividend date was Thursday, October 3rd. JPMorgan Chase & Co.’s dividend payout ratio is 40.00%.

JPMorgan Chase & Co. Company Profile

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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