JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Fulton Bank N.A.

Fulton Bank N.A. grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 20.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 47,950 shares of the financial services provider’s stock after acquiring an additional 8,257 shares during the quarter. Fulton Bank N.A.’s holdings in JPMorgan Chase & Co. were worth $5,643,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wharton Business Group LLC raised its stake in shares of JPMorgan Chase & Co. by 0.3% in the 2nd quarter. Wharton Business Group LLC now owns 86,951 shares of the financial services provider’s stock worth $9,721,000 after buying an additional 235 shares in the last quarter. New England Investment & Retirement Group Inc. raised its stake in shares of JPMorgan Chase & Co. by 27.2% in the 2nd quarter. New England Investment & Retirement Group Inc. now owns 6,695 shares of the financial services provider’s stock worth $748,000 after buying an additional 1,433 shares in the last quarter. Carillon Tower Advisers Inc. raised its stake in shares of JPMorgan Chase & Co. by 4.7% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 300,522 shares of the financial services provider’s stock worth $33,598,000 after buying an additional 13,477 shares in the last quarter. BTR Capital Management Inc. raised its stake in shares of JPMorgan Chase & Co. by 0.7% in the 2nd quarter. BTR Capital Management Inc. now owns 164,688 shares of the financial services provider’s stock worth $18,412,000 after buying an additional 1,223 shares in the last quarter. Finally, Annex Advisory Services LLC raised its position in shares of JPMorgan Chase & Co. by 21.5% during the second quarter. Annex Advisory Services LLC now owns 27,273 shares of the financial services provider’s stock worth $3,050,000 after purchasing an additional 4,834 shares during the period. Institutional investors own 71.89% of the company’s stock.

In other news, insider Lori A. Beer sold 13,341 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the transaction, the insider now owns 10,130 shares in the company, valued at $1,157,656.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mellody L. Hobson purchased 18,200 shares of the stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $109.91 per share, for a total transaction of $2,000,362.00. Following the acquisition, the director now directly owns 7,804 shares of the company’s stock, valued at approximately $857,737.64. The disclosure for this purchase can be found here. Insiders own 0.76% of the company’s stock.

Shares of JPMorgan Chase & Co. stock traded down $1.51 on Thursday, reaching $111.74. 1,024,950 shares of the company were exchanged, compared to its average volume of 11,547,815. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $120.40. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $376.31 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 1.70 and a beta of 1.20. The stock has a fifty day moving average price of $112.95 and a 200-day moving average price of $111.02.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.32. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The business had revenue of $28.83 billion for the quarter, compared to the consensus estimate of $28.52 billion. During the same quarter in the previous year, the company posted $2.29 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 9.88 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be issued a dividend of $0.90 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, October 3rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.22%. JPMorgan Chase & Co.’s payout ratio is currently 35.56%.

A number of equities research analysts have recently issued reports on JPM shares. UBS Group boosted their target price on JPMorgan Chase & Co. from $125.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday. Goldman Sachs Group reaffirmed a “neutral” rating and set a $117.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. DZ Bank reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, August 21st. Finally, Deutsche Bank reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $122.37.

JPMorgan Chase & Co. Company Profile

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 deposit and investment products 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, payment processing, auto loan, and leasing services.

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

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