Hills Bank & Trust Co. grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,747 shares of the financial services provider’s stock after purchasing an additional 1,609 shares during the period. JPMorgan Chase & Co. makes up about 1.7% of Hills Bank & Trust Co.’s holdings, making the stock its 12th biggest position. Hills Bank & Trust Co.’s holdings in JPMorgan Chase & Co. were worth $6,017,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of JPM. Financial Gravity Wealth Inc. bought a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $150,000. FSI Group LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $159,000. Stelac Advisory Services LLC bought a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $162,000. Private Ocean LLC increased its holdings in JPMorgan Chase & Co. by 94.7% during the 1st quarter. Private Ocean LLC now owns 1,694 shares of the financial services provider’s stock worth $186,000 after acquiring an additional 824 shares during the period. Finally, Avenir Corp bought a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $201,000. 70.51% of the stock is currently owned by institutional investors.

In other news, CEO Gordon Smith sold 30,725 shares of the company’s stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $114.01, for a total value of $3,502,957.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.73% of the stock is currently owned by corporate insiders.

A number of research firms have commented on JPM. Bank of America boosted their price target on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the stock a “buy” rating in a research note on Monday, September 17th. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Monday, September 17th. Goldman Sachs Group set a $128.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research note on Monday, July 23rd. DZ Bank raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Finally, UBS Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $120.75.

JPM stock opened at $117.85 on Monday. JPMorgan Chase & Co. has a one year low of $93.34 and a one year high of $119.33. The company has a market capitalization of $404.46 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 1.93 and a beta of 1.16. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, July 13th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.22 by $0.07. JPMorgan Chase & Co. had a net margin of 22.80% and a return on equity of 13.18%. The company had revenue of $27.75 billion during the quarter, compared to analysts’ expectations of $27.62 billion. equities research analysts forecast that JPMorgan Chase & Co. will post 9.15 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Friday, October 5th will be paid a $0.80 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.72%. JPMorgan Chase & Co.’s dividend payout ratio is 32.61%.

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.

Further Reading: Earnings Per Share

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

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