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

First Midwest Bank Trust Division grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,019 shares of the financial services provider’s stock after acquiring an additional 1,212 shares during the quarter. JPMorgan Chase & Co. accounts for 1.4% of First Midwest Bank Trust Division’s portfolio, making the stock its 9th biggest holding. First Midwest Bank Trust Division’s holdings in JPMorgan Chase & Co. were worth $9,652,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. First Trust Advisors LP increased its holdings in JPMorgan Chase & Co. by 1.1% during the first quarter. First Trust Advisors LP now owns 726,585 shares of the financial services provider’s stock worth $73,552,000 after buying an additional 7,604 shares during the last quarter. Neville Rodie & Shaw Inc. increased its holdings in JPMorgan Chase & Co. by 4.6% during the second quarter. Neville Rodie & Shaw Inc. now owns 164,820 shares of the financial services provider’s stock worth $18,427,000 after buying an additional 7,259 shares during the last quarter. Bath Savings Trust Co increased its holdings in JPMorgan Chase & Co. by 5.8% during the second quarter. Bath Savings Trust Co now owns 6,063 shares of the financial services provider’s stock worth $678,000 after buying an additional 331 shares during the last quarter. Thomasville National Bank increased its holdings in JPMorgan Chase & Co. by 344.4% during the second quarter. Thomasville National Bank now owns 88,169 shares of the financial services provider’s stock worth $9,857,000 after buying an additional 68,329 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in JPMorgan Chase & Co. by 5.7% during the second quarter. Private Trust Co. NA now owns 86,572 shares of the financial services provider’s stock worth $9,678,000 after buying an additional 4,657 shares during the last quarter. 71.94% of the stock is currently owned by institutional investors and hedge funds.

JPM stock opened at $120.56 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.97. The company has a fifty day moving average price of $115.81 and a two-hundred day moving average price of $112.10. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $121.59. The stock has a market cap of $384.82 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 1.70 and a beta of 1.20.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $2.68 EPS for the quarter, topping the Zacks’ 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 during the quarter, compared to analysts’ expectations of $28.36 billion. During the same period in the previous year, the business posted $2.34 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Research analysts anticipate that JPMorgan Chase & Co. will post 10.1 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.99%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, October 3rd. JPMorgan Chase & Co.’s payout ratio is 40.00%.

In related news, Director Mellody L. Hobson acquired 18,200 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $109.91 per share, with a total value of $2,000,362.00. Following the completion of the transaction, the director now directly owns 7,804 shares in the company, valued at approximately $857,737.64. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gordon Smith sold 83,289 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $119.98, for a total transaction of $9,993,014.22. Following the transaction, the chief executive officer now directly owns 393,197 shares of the company’s stock, valued at $47,175,776.06. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

A number of equities analysts recently weighed in on JPM shares. Robert W. Baird boosted their target price on shares of JPMorgan Chase & Co. from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday. Goldman Sachs Group restated a “neutral” rating and set a $117.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. BMO Capital Markets boosted their target price on shares of JPMorgan Chase & Co. to $126.00 in a report on Wednesday. Credit Suisse Group set a $135.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, October 11th. Finally, UBS Group boosted their target price on shares of JPMorgan Chase & Co. from $131.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $121.94.

JPMorgan Chase & Co. 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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