Farmers & Merchants Investments Inc. Purchases 16,274 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Farmers & Merchants Investments Inc. boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 13.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 135,851 shares of the financial services provider’s stock after buying an additional 16,274 shares during the quarter. JPMorgan Chase & Co. makes up about 1.0% of Farmers & Merchants Investments Inc.’s holdings, making the stock its 23rd biggest holding. Farmers & Merchants Investments Inc.’s holdings in JPMorgan Chase & Co. were worth $15,988,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wharton Business Group LLC increased its position in JPMorgan Chase & Co. by 0.3% during the 2nd quarter. Wharton Business Group LLC now owns 86,951 shares of the financial services provider’s stock valued at $9,721,000 after purchasing an additional 235 shares during the period. New England Investment & Retirement Group Inc. grew its position 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 during the period. Carillon Tower Advisers Inc. grew its position 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 during the period. BTR Capital Management Inc. grew its position 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 during the period. Finally, Annex Advisory Services LLC grew its position in shares of JPMorgan Chase & Co. by 21.5% in the 2nd quarter. Annex Advisory Services LLC now owns 27,273 shares of the financial services provider’s stock worth $3,050,000 after buying an additional 4,834 shares during the period. Institutional investors own 71.94% of the company’s stock.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 18,200 shares of the stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $109.91 per share, for a total transaction of $2,000,362.00. Following the purchase, the director now directly owns 7,804 shares of the company’s stock, valued at $857,737.64. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gordon Smith sold 83,289 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $119.98, for a total transaction of $9,993,014.22. Following the completion of the transaction, the chief executive officer now owns 393,197 shares in the company, valued at approximately $47,175,776.06. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate insiders.

Shares of JPMorgan Chase & Co. stock opened at $123.55 on Tuesday. The stock has a market cap of $385.49 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 1.69 and a beta of 1.20. The firm’s 50-day moving average is $116.50 and its 200 day moving average is $112.37. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $123.77. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.97.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.45 by $0.23. The company had revenue of $29.34 billion for the quarter, compared to analysts’ expectations of $28.36 billion. JPMorgan Chase & Co. had a net margin of 24.70% and a return on equity of 14.63%. JPMorgan Chase & Co.’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.34 EPS. On average, equities analysts expect that JPMorgan Chase & Co. will post 10.17 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $3.60 annualized dividend and a yield of 2.91%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. JPMorgan Chase & Co.’s dividend payout ratio is currently 40.00%.

A number of research firms have recently weighed in on JPM. Wells Fargo & Co set a $125.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, August 16th. Robert W. Baird upped their target price on shares of JPMorgan Chase & Co. from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $117.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. Deutsche Bank reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. Finally, DZ Bank reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, August 21st. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $121.94.

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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