JPMorgan Chase & Co. $JPM Shares Sold by Farmers National Bank

Farmers National Bank reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,445 shares of the financial services provider’s stock after selling 2,248 shares during the quarter. JPMorgan Chase & Co. comprises about 4.7% of Farmers National Bank’s investment portfolio, making the stock its 4th biggest position. Farmers National Bank’s holdings in JPMorgan Chase & Co. were worth $17,814,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after buying an additional 4,841 shares in the last quarter. Acorns Advisers LLC raised its stake in shares of JPMorgan Chase & Co. by 6.9% in the 1st quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 100 shares during the period. Waddell & Associates LLC lifted its holdings in shares of JPMorgan Chase & Co. by 5.5% during the 1st quarter. Waddell & Associates LLC now owns 11,877 shares of the financial services provider’s stock valued at $2,913,000 after acquiring an additional 617 shares in the last quarter. Meeder Advisory Services Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 4.3% during the 1st quarter. Meeder Advisory Services Inc. now owns 69,921 shares of the financial services provider’s stock valued at $17,152,000 after acquiring an additional 2,855 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in JPMorgan Chase & Co. by 105.9% in the 1st quarter. Meeder Asset Management Inc. now owns 1,472 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 757 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $307.84 on Wednesday. The stock’s 50 day moving average is $306.73 and its two-hundred day moving average is $294.02. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $322.25. The company has a market capitalization of $838.02 billion, a PE ratio of 15.25, a P/E/G ratio of 1.84 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.26.

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, topping analysts’ consensus estimates of $4.83 by $0.24. The business had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $4.37 earnings per share. Analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, October 6th. This represents a $6.00 annualized dividend and a yield of 1.9%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.72%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 966 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, November 7th. The stock was 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. This trade represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on JPM. Daiwa Capital Markets boosted their price objective on JPMorgan Chase & Co. from $330.00 to $332.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. The Goldman Sachs Group reiterated a “buy” rating and issued a $366.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 14th. Barclays boosted their price target on JPMorgan Chase & Co. from $330.00 to $342.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Morgan Stanley increased their price objective on shares of JPMorgan Chase & Co. from $336.00 to $338.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 15th. Finally, DZ Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 15th. Fifteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $326.38.

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.