Country Trust Bank boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 503,076 shares of the financial services provider’s stock after purchasing an additional 1,251 shares during the quarter. JPMorgan Chase & Co. makes up approximately 2.4% of Country Trust Bank’s holdings, making the stock its 13th largest position. Country Trust Bank’s holdings in JPMorgan Chase & Co. were worth $56,244,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Adirondack Trust Co. grew its holdings in shares of JPMorgan Chase & Co. by 0.5% during the fourth quarter. Adirondack Trust Co. now owns 20,026 shares of the financial services provider’s stock worth $1,955,000 after purchasing an additional 99 shares during the last quarter. Bogart Wealth LLC grew its holdings in shares of JPMorgan Chase & Co. by 19.0% during the fourth quarter. Bogart Wealth LLC now owns 625 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 100 shares during the last quarter. Watch Point Trust Co grew its holdings in shares of JPMorgan Chase & Co. by 0.3% during the fourth quarter. Watch Point Trust Co now owns 35,305 shares of the financial services provider’s stock worth $3,447,000 after purchasing an additional 104 shares during the last quarter. IMS Capital Management grew its holdings in shares of JPMorgan Chase & Co. by 2.5% during the first quarter. IMS Capital Management now owns 4,259 shares of the financial services provider’s stock worth $431,000 after purchasing an additional 104 shares during the last quarter. Finally, New Potomac Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.5% during the fourth quarter. New Potomac Partners LLC now owns 23,102 shares of the financial services provider’s stock worth $2,255,000 after purchasing an additional 105 shares during the last quarter. 71.57% of the stock is currently owned by hedge funds and other institutional investors.
NYSE JPM opened at $115.59 on Wednesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.00 and a current ratio of 0.97. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $119.24. The business’s 50-day moving average is $112.69. The stock has a market capitalization of $377.01 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 1.67 and a beta of 1.16.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.32. The firm had revenue of $28.83 billion for the quarter, compared to analyst estimates of $28.52 billion. JPMorgan Chase & Co. had a return on equity of 14.41% and a net margin of 24.73%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $2.29 earnings per share. On average, equities analysts forecast that JPMorgan Chase & Co. will post 9.92 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be given a $0.80 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $3.20 dividend on an annualized basis and a yield of 2.77%. JPMorgan Chase & Co.’s payout ratio is currently 35.56%.
JPM has been the topic of a number of research reports. Credit Suisse Group raised their price target on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. BMO Capital Markets raised their price target on Citigroup from $92.00 to $93.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Royal Bank of Canada raised their price target on Johnson Service Group from GBX 180 ($2.35) to GBX 190 ($2.48) and gave the stock an “outperform” rating in a report on Tuesday, July 16th. HSBC reissued a “hold” rating on shares of Societe Generale in a report on Thursday, April 4th. Finally, Deutsche Bank set a $142.00 price target on MCCORMICK & CO /SH and gave the stock a “hold” rating in a report on Friday, June 28th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $122.94.
In related news, EVP Peter Scher sold 10,816 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $115.00, for a total value of $1,243,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lori A. Beer sold 13,341 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the completion of the sale, the insider now owns 10,130 shares of the company’s stock, valued at approximately $1,157,656.40. The disclosure for this sale can be found here. 0.76% of the stock is owned by company insiders.
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.
