JPMorgan Chase & Co. (NYSE:JPM) shares purchased by National Bank Security

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Security National Bank raised its position in equities JPMorgan Chase & Co. (NYSE:JPM) by 308.9% during the first quarter, HoldingsChannel reports. The fund held 27,233 shares of the financial services provider after acquiring an additional 20,573 shares during the quarter. National Bank’s holdings in JPMorgan Chase & Co. were worth $3,713,000 when it last filed with the Securities & Exchange Commission.

Several other institutional investors have also recently changed their holdings in JPM. Carolina Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. shares by 176.5% during the fourth quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider worth $37,000 after acquiring an additional 150 shares during the period. Evolution Advisers Inc. acquired a new position in JPMorgan Chase & Co. stock during the fourth quarter worth approximately $52,000. Leverty Financial Group LLC acquired a new stock position in JPMorgan Chase & Co. during the fourth quarter worth approximately $54,000. Delos Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. shares by 13,433.3% during the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider worth $64,000 after acquiring 403 additional shares during the period. Finally, Bromfield Sneider Wealth Advisors acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth approximately $76,000. Institutional investors and hedge funds hold 70.35% of the company’s shares.

Shares of JPM opened at $112.97 on Wednesday. The company has a debt ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $331.80 billion, a price/earnings ratio of 8.38, a PEG ratio of 2.04 and a beta of 1.15. The company’s 50-day simple moving average is $120.18 and its 200-day simple moving average is $135.34. JPMorgan Chase & Co. has a 1-year low of $109.30 and a 1-year high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet a rating) last reported quarterly earnings data on Wednesday, April 13. The financial services provider reported earnings per share (EPS) of $2.63 for the quarter, missing the consensus estimate of $2.73 per ($0.10). The company posted revenue of $30.72 billion for the quarter, versus $30.53 billion expected by analysts. JPMorgan Chase & Co. posted a net margin of 33.61% and a return on equity of 16.58%. The company’s quarterly revenue was down 4.8% year over year. During the same period a year earlier, the company posted EPS of $4.50. Equity analysts expect JPMorgan Chase & Co. to post EPS of 11.23 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, July 31. Investors of record on Wednesday, July 6 will receive a dividend of $1.00 per share. This represents an annualized dividend of $4.00 and a dividend yield of 3.54%. The ex-dividend date is Tuesday, July 5. JPMorgan Chase & Co.’s payout ratio is 29.67%.

JPM has been the subject of several recent analyst reports. Credit Suisse Group set a target price of $160.00 on JPMorgan Chase & Co. shares in a research report Tuesday. Keefe, Bruyette & Woods restated a “market performance” rating and set a target price of $148.00 (vs. $142.00) on JPMorgan Chase & Co. shares in a Tuesday, May 24 research report . Societe Generale upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised its share price target from $145.00 to $150.00 in a report of search for Tuesday, May 24. Barclays set a target price of $200.00 on JPMorgan Chase & Co. shares in a Thursday, June 30 research report. Finally, BMO Capital Markets raised its price target on JPMorgan Chase & Co. shares from $150.00 to $156.00 in a Tuesday, May 24 research report. One equity research analyst has assigned the stock a sell rating, seven have issued a hold rating and nine have assigned the company’s stock a buy rating. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $155.28.

In other JPMorgan Chase & Co. news, an insider Ashley Bacon sold 21,012 shares in a trade that took place on Tuesday, April 19. The shares were sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the transaction, the insider now owns 178,588 shares of the company, valued at $23,223,583.52. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC website. Also, CEO Jennifer Piepszak sold 4,668 shares in a trade that took place on Thursday, April 14. The stock was sold at an average price of $126.19, for a total transaction of $589,054.92. As a result of the transaction, the CEO now directly owns 11,135 shares of the company, valued at approximately $1,405,125.65. Disclosure of this sale can be found here. Company insiders own 0.79% of the company’s shares.

JPMorgan Chase & Co. Company Profile (Get a rating)

JPMorgan Chase & Co operates as a worldwide financial services company. 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 s deposit, investment and lending products, payments and consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.

Further reading

Want to see what other hedge funds hold JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMGet a rating).

Institutional ownership by quarter for JPMorgan Chase & Co. (NYSE: JPM)



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