First National Bank of South Miami Sells 120 Shares of JPMorgan Chase & Co. (NYSE:JPM)

First National Bank of South Miami cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,991 shares of the financial services provider’s stock after selling 120 shares during the period. JPMorgan Chase & Co. accounts for about 0.9% of First National Bank of South Miami’s investment portfolio, making the stock its 22nd biggest position. First National Bank of South Miami’s holdings in JPMorgan Chase & Co. were worth $1,350,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Waverton Investment Management Ltd grew its position in shares of JPMorgan Chase & Co. by 8.8% during the 2nd quarter. Waverton Investment Management Ltd now owns 109,787 shares of the financial services provider’s stock worth $12,363,000 after buying an additional 8,839 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of JPMorgan Chase & Co. by 6.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 670,262 shares of the financial services provider’s stock worth $75,478,000 after buying an additional 38,577 shares during the period. Burleson & Company LLC grew its position in shares of JPMorgan Chase & Co. by 7.9% during the 2nd quarter. Burleson & Company LLC now owns 40,553 shares of the financial services provider’s stock worth $4,567,000 after buying an additional 2,961 shares during the period. Schneider Downs Wealth Management Advisors LP grew its position in shares of JPMorgan Chase & Co. by 23.6% during the 2nd quarter. Schneider Downs Wealth Management Advisors LP now owns 7,511 shares of the financial services provider’s stock worth $846,000 after buying an additional 1,436 shares during the period. Finally, Red Door Wealth Management LLC grew its position in shares of JPMorgan Chase & Co. by 3.7% during the 2nd quarter. Red Door Wealth Management LLC now owns 47,183 shares of the financial services provider’s stock worth $5,313,000 after buying an additional 1,685 shares during the period. 68.57% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $111.21 on Friday. The company’s fifty day simple moving average is $116.09 and its 200-day simple moving average is $122.16. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.14. The firm has a market cap of $326.13 billion, a PE ratio of 8.93, a P/E/G ratio of 2.04 and a beta of 1.10. JPMorgan Chase & Co. has a 12 month low of $106.06 and a 12 month high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.09). The business had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.78 EPS. Equities research analysts expect that JPMorgan Chase & Co. will post 11.33 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.60%. The ex-dividend date is Wednesday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.10%.

Wall Street Analysts Forecast Growth

JPM has been the subject of several analyst reports. Royal Bank of Canada set a $130.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 6th. Berenberg Bank upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price objective for the company in a report on Monday, July 18th. Credit Suisse Group set a $145.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, August 8th. Barclays set a $200.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 18th. Finally, Oppenheimer decreased their price objective on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a report on Friday, July 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $145.95.

JPMorgan Chase & Co. Profile

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JPMorgan Chase & Co operates as a financial services company worldwide. 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 services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

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

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