JPMorgan Chase & Co. (JPM) Shares Bought by FineMark National Bank & Trust

FineMark National Bank & Trust raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 179,930 shares of the financial services provider’s stock after purchasing an additional 3,428 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.1% of FineMark National Bank & Trust’s portfolio, making the stock its 11th largest holding. FineMark National Bank & Trust’s holdings in JPMorgan Chase & Co. were worth $18,749,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Torch Wealth Management LLC raised its stake in JPMorgan Chase & Co. by 1.7% during the 2nd quarter. Torch Wealth Management LLC now owns 27,374 shares of the financial services provider’s stock worth $2,852,000 after acquiring an additional 451 shares during the period. Wells Trecaso Financial Group LLC raised its stake in JPMorgan Chase & Co. by 0.8% during the 2nd quarter. Wells Trecaso Financial Group LLC now owns 59,884 shares of the financial services provider’s stock worth $6,240,000 after acquiring an additional 452 shares during the period. SevenBridge Financial Group LLC raised its stake in JPMorgan Chase & Co. by 1.4% during the 1st quarter. SevenBridge Financial Group LLC now owns 32,749 shares of the financial services provider’s stock worth $3,517,000 after acquiring an additional 459 shares during the period. Dixon Hubard Feinour & Brown Inc. VA raised its stake in JPMorgan Chase & Co. by 5.3% during the 2nd quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 9,078 shares of the financial services provider’s stock worth $946,000 after acquiring an additional 460 shares during the period. Finally, Sunbelt Securities Inc. raised its stake in JPMorgan Chase & Co. by 3.4% during the 1st quarter. Sunbelt Securities Inc. now owns 13,919 shares of the financial services provider’s stock worth $1,531,000 after acquiring an additional 462 shares during the period. Institutional investors and hedge funds own 70.43% of the company’s stock.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 1,150 shares of the business’s stock in a transaction that occurred on Friday, October 19th. The stock was purchased at an average cost of $108.94 per share, with a total value of $125,281.00. Following the completion of the acquisition, the director now owns 2,632 shares in the company, valued at approximately $286,730.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.73% of the company’s stock.

Shares of JPM opened at $111.29 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.17. JPMorgan Chase & Co. has a 1 year low of $95.95 and a 1 year high of $119.33. The company has a market cap of $382.59 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 1.81 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. The business had revenue of $27.26 billion during the quarter, compared to analyst estimates of $27.20 billion. During the same period last year, the firm posted $1.76 EPS. Analysts forecast that JPMorgan Chase & Co. will post 9.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, October 5th were issued a $0.80 dividend. The ex-dividend date was Thursday, October 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.88%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 46.58%.

A number of research firms have commented on JPM. Royal Bank of Canada restated a “buy” rating and set a $120.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 16th. Goldman Sachs Group set a $128.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research note on Monday, July 23rd. Societe Generale reaffirmed a “neutral” rating and set a $119.50 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 16th. Citigroup increased their price objective on shares of JPMorgan Chase & Co. from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, September 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “$111.53” rating and set a $127.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, July 18th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $123.44.

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JPMorgan Chase & Co. 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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