JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Security National Bank

Security National Bank lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 19.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,538 shares of the financial services provider’s stock after acquiring an additional 1,066 shares during the quarter. Security National Bank’s holdings in JPMorgan Chase & Co. were worth $1,070,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in JPMorgan Chase & Co. by 4.8% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 20,558 shares of the financial services provider’s stock valued at $3,198,000 after acquiring an additional 937 shares in the last quarter. Gibraltar Capital Management Inc. raised its stake in shares of JPMorgan Chase & Co. by 8.1% in the 2nd quarter. Gibraltar Capital Management Inc. now owns 42,528 shares of the financial services provider’s stock worth $6,419,000 after buying an additional 3,179 shares in the last quarter. Gradient Investments LLC raised its stake in shares of JPMorgan Chase & Co. by 7.0% in the 2nd quarter. Gradient Investments LLC now owns 190,284 shares of the financial services provider’s stock worth $29,597,000 after buying an additional 12,480 shares in the last quarter. Prime Capital Investment Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 24.4% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 58,153 shares of the financial services provider’s stock worth $9,045,000 after buying an additional 11,392 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter worth $3,785,000. Institutional investors own 69.51% of the company’s stock.

Shares of JPM stock traded down $1.32 on Thursday, reaching $166.96. 9,629,790 shares of the company’s stock traded hands, compared to its average volume of 13,020,531. JPMorgan Chase & Co. has a 12-month low of $117.77 and a 12-month high of $172.96. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $493.41 billion, a P/E ratio of 10.56, a price-to-earnings-growth ratio of 2.15 and a beta of 1.16. The business’s 50 day moving average price is $166.07 and its two-hundred day moving average price is $160.51.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, October 13th. The financial services provider reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.74. JPMorgan Chase & Co. had a return on equity of 19.89% and a net margin of 39.41%. The business had revenue of $29.60 billion for the quarter, compared to the consensus estimate of $29.63 billion. During the same quarter in the previous year, the company posted $2.92 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was down 1.0% compared to the same quarter last year. Research analysts predict that JPMorgan Chase & Co. will post 14.95 earnings per share for the current year.

The company also recently announced a dividend, which was paid on Wednesday, November 17th. Shareholders of record on Monday, November 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 12th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.30%.

A number of research firms have recently commented on JPM. Credit Suisse Group set a $177.00 price objective on JPMorgan Chase & Co. in a research note on Thursday, October 14th. The Goldman Sachs Group set a $198.00 price objective on JPMorgan Chase & Co. in a research note on Wednesday, October 13th. BMO Capital Markets boosted their price objective on JPMorgan Chase & Co. from $139.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, October 14th. Royal Bank of Canada boosted their price objective on JPMorgan Chase & Co. from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, October 14th. Finally, Barclays boosted their target price on JPMorgan Chase & Co. from $187.00 to $193.00 and gave the stock an “overweight” rating in a research report on Friday, October 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $168.56.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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