Patten & Patten Inc. TN increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,210 shares of the financial services provider’s stock after buying an additional 4,653 shares during the period. JPMorgan Chase & Co. comprises about 1.4% of Patten & Patten Inc. TN’s holdings, making the stock its 17th largest position. Patten & Patten Inc. TN’s holdings in JPMorgan Chase & Co. were worth $13,672,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. SevenBridge Financial Group LLC lifted its holdings in JPMorgan Chase & Co. by 1.4% in the 1st quarter. SevenBridge Financial Group LLC now owns 32,749 shares of the financial services provider’s stock valued at $3,517,000 after purchasing an additional 459 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in JPMorgan Chase & Co. by 3.4% in the 1st quarter. Sunbelt Securities Inc. now owns 13,919 shares of the financial services provider’s stock valued at $1,531,000 after purchasing an additional 462 shares in the last quarter. Cadence Bank NA lifted its holdings in JPMorgan Chase & Co. by 0.9% in the 1st quarter. Cadence Bank NA now owns 54,679 shares of the financial services provider’s stock valued at $6,013,000 after purchasing an additional 467 shares in the last quarter. Stokes & Hubbell Capital Management LLC lifted its holdings in JPMorgan Chase & Co. by 2.4% in the 2nd quarter. Stokes & Hubbell Capital Management LLC now owns 20,136 shares of the financial services provider’s stock valued at $2,098,000 after purchasing an additional 469 shares in the last quarter. Finally, LVM Capital Management Ltd. MI lifted its holdings in JPMorgan Chase & Co. by 7.3% in the 2nd quarter. LVM Capital Management Ltd. MI now owns 6,952 shares of the financial services provider’s stock valued at $724,000 after purchasing an additional 475 shares in the last quarter. Institutional investors and hedge funds own 70.51% of the company’s stock.

A number of research analysts have issued reports on JPM shares. Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Credit Suisse Group set a $130.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Thursday, July 12th. Goldman Sachs Group restated a “neutral” rating and issued a $124.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 16th. Royal Bank of Canada reiterated a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 16th. Finally, BMO Capital Markets increased their price objective on shares of JPMorgan Chase & Co. from $110.00 to $118.00 and gave the stock a “market perform” rating in a report on Monday, July 16th. Eleven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $122.13.

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

Shares of JPM stock opened at $115.02 on Thursday. The stock has a market cap of $400.58 billion, a PE ratio of 16.74, a P/E/G ratio of 1.91 and a beta of 1.16. JPMorgan Chase & Co. has a 1-year low of $94.58 and a 1-year high of $119.33. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current 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 for the quarter, topping the Thomson Reuters’ consensus estimate of $2.22 by $0.07. The business had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.62 billion. JPMorgan Chase & Co. had a net margin of 22.80% and a return on equity of 13.18%. analysts forecast that JPMorgan Chase & Co. will post 9.15 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, October 5th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Thursday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. 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.

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

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