JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Pennsylvania Trust Co

Pennsylvania Trust Co raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 387,697 shares of the financial services provider’s stock after purchasing an additional 13,868 shares during the period. JPMorgan Chase & Co. accounts for about 1.8% of Pennsylvania Trust Co’s holdings, making the stock its 10th biggest position. Pennsylvania Trust Co’s holdings in JPMorgan Chase & Co. were worth $45,628,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Ackerman Capital Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 4.9% during the 3rd quarter. Ackerman Capital Advisors LLC now owns 5,814 shares of the financial services provider’s stock valued at $684,000 after buying an additional 271 shares during the period. Nachman Norwood & Parrott Inc boosted its stake in shares of JPMorgan Chase & Co. by 1.6% during the 3rd quarter. Nachman Norwood & Parrott Inc now owns 30,593 shares of the financial services provider’s stock valued at $3,600,000 after buying an additional 478 shares during the period. Bell & Brown Wealth Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.7% during the 3rd quarter. Bell & Brown Wealth Advisors LLC now owns 25,996 shares of the financial services provider’s stock valued at $3,019,000 after buying an additional 174 shares during the period. Northwest Bancshares Inc. boosted its stake in shares of JPMorgan Chase & Co. by 2.0% during the 3rd quarter. Northwest Bancshares Inc. now owns 31,249 shares of the financial services provider’s stock valued at $3,678,000 after buying an additional 622 shares during the period. Finally, Carroll Financial Associates Inc. boosted its stake in shares of JPMorgan Chase & Co. by 10.5% during the 3rd quarter. Carroll Financial Associates Inc. now owns 68,125 shares of the financial services provider’s stock valued at $8,017,000 after buying an additional 6,479 shares during the period. 71.89% of the stock is owned by institutional investors.

JPM has been the subject of several analyst reports. Deutsche Bank reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Friday, June 28th. Royal Bank of Canada set a $120.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Monday. Buckingham Research lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 price objective for the company. in a research note on Monday, September 16th. They noted that the move was a valuation call. DZ Bank reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, August 21st. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and issued a $117.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $122.37.



In related news, insider Lori A. Beer sold 13,341 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total value of $1,524,609.48. Following the transaction, the insider now owns 10,130 shares in the company, valued at approximately $1,157,656.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mellody L. Hobson bought 18,200 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased 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 in the company, valued at $857,737.64. The disclosure for this purchase can be found here. Company insiders own 0.76% of the company’s stock.

Shares of JPM stock traded up $0.81 on Wednesday, hitting $112.63. The company’s stock had a trading volume of 7,295,421 shares, compared to its average volume of 12,216,916. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 0.97. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $120.40. The firm’s fifty day moving average price is $113.74 and its 200-day moving average price is $111.25. The stock has a market capitalization of $366.50 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 1.66 and a beta of 1.20.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The business had revenue of $28.83 billion during the quarter, compared to analyst estimates of $28.52 billion. During the same quarter in the previous year, the business earned $2.29 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 3.9% compared to the same quarter last year. Analysts predict that JPMorgan Chase & Co. will post 9.86 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, October 3rd. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 40.00%.

About JPMorgan Chase & Co.

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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