JPMorgan Chase & Co. $JPM Stock Holdings Boosted by First American Trust FSB

First American Trust FSB raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 13.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,343 shares of the financial services provider’s stock after purchasing an additional 9,174 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.7% of First American Trust FSB’s holdings, making the stock its 9th biggest holding. First American Trust FSB’s holdings in JPMorgan Chase & Co. were worth $21,843,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC raised its position in shares of JPMorgan Chase & Co. by 23.1% in the 2nd quarter. Empowered Funds LLC now owns 215,924 shares of the financial services provider’s stock worth $62,599,000 after buying an additional 40,569 shares during the period. Greykasell Wealth Strategies Inc. grew its position in JPMorgan Chase & Co. by 2.1% during the second quarter. Greykasell Wealth Strategies Inc. now owns 6,916 shares of the financial services provider’s stock valued at $2,005,000 after acquiring an additional 143 shares during the period. Invenio Wealth Partners LLC grew its position in JPMorgan Chase & Co. by 2.9% during the second quarter. Invenio Wealth Partners LLC now owns 3,687 shares of the financial services provider’s stock valued at $1,069,000 after acquiring an additional 105 shares during the period. Pinnacle Wealth Planning Services Inc. increased its stake in JPMorgan Chase & Co. by 0.3% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 16,380 shares of the financial services provider’s stock worth $4,749,000 after acquiring an additional 52 shares during the last quarter. Finally, Frank Rimerman Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 4.0% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 58,066 shares of the financial services provider’s stock worth $16,834,000 after purchasing an additional 2,207 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 1.7%

JPM opened at $308.09 on Thursday. The firm’s 50 day moving average is $307.02 and its 200-day moving average is $292.56. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $322.25. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $838.71 billion, a P/E ratio of 15.26, a P/E/G ratio of 1.84 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.83 by $0.24. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The business had revenue of $47.12 billion during the quarter, compared to analyst estimates of $44.42 billion. During the same period last year, the business earned $4.37 EPS. The business’s revenue was up 8.8% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 6th were paid a dividend of $1.50 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, October 6th. JPMorgan Chase & Co.’s payout ratio is 29.72%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JPM. Evercore ISI boosted their target price on JPMorgan Chase & Co. from $309.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a “hold” rating in a report on Tuesday, September 30th. The Goldman Sachs Group reiterated a “buy” rating and set a $366.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 14th. KGI Securities increased their price objective on shares of JPMorgan Chase & Co. from $300.00 to $315.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a report on Tuesday. Fifteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $326.38.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the sale, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. The trade was a 10.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robin Leopold sold 966 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $311.92, for a total value of $301,314.72. Following the completion of the transaction, the insider directly owned 58,479 shares in the company, valued at approximately $18,240,769.68. The trade was a 1.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.