Bangor Savings Bank increased its holdings of JPMorgan Chase & Co. (NYSE:JPM) stock by 6.0% in the first quarter, Holdings Channel reports. The fund held 41,499 shares of the financial services provider after buying an additional 2,360 shares during the quarter. JPMorgan Chase & Co. represents 0.6% of Bangor Savings Bank’s investment portfolio, making this stock its 25th largest holding. Bangor Savings Bank’s holdings in JPMorgan Chase & Co. were worth $5,657,000 when it last filed with the SEC.
Other hedge funds and other institutional investors also changed their positions in the company. CAPROCK Group Inc. increased its stake in JPMorgan Chase & Co. by 5.5% in the first quarter. CAPROCK Group Inc. now owns 29,968 shares of the financial services provider valued at $4,086,000 after purchasing an additional 1,563 shares in the last quarter. Roberts Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. by 0.7% in the first quarter. Roberts Wealth Advisors LLC now owns 23,095 shares of the financial services provider valued at $3,125,000 after buying 151 additional shares in the last quarter. Gryphon Financial Partners LLC increased its stake in JPMorgan Chase & Co. by 14.5% in the fourth quarter. Gryphon Financial Partners LLC now owns 15,240 shares of the financial services provider valued at $2,414,000 after purchasing an additional 1,935 shares in the last quarter. TCW Group Inc. increased its stake in JPMorgan Chase & Co. by 2.9% in the fourth quarter. TCW Group Inc. now owns 595,230 shares of the financial services provider valued at $94,254,000 after purchasing an additional 16,884 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. acquired a new stake in JPMorgan Chase & Co. in the fourth quarter, valued at approximately $3,257,000. 70.35% of the shares are currently held by institutional investors and hedge funds.
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 21,012 shares of the company in a trade that took place on Tuesday, April 19. The stock was sold at an average price of $130.04, for a total value of $2,732,400.48. Following the completion of the sale, the insider now directly owns 178,588 shares of the company, valued at $23,223,583.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, CEO Jennifer Piepszak sold 4,668 shares of the company in a trade that took place on Thursday, April 14. The stock was sold at an average price of $126.19, for a total value of $589,054.92. Following the completion of the sale, the CEO now owns 11,135 shares of the company, valued at $1,405,125.65. The disclosure of this sale can be found here. Company insiders own 0.79% of the company’s shares.
Several analysts have weighed in on the company recently. Credit Suisse Group set a price target of $160.00 on JPMorgan Chase & Co. in a report on Wednesday, May 25. Argus lowered its target price on JPMorgan Chase & Co. from $177.00 to $155.00 in a Thursday, April 14 report. Societe Generale upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised its price target for the company from $145.00 to $150.00 in a Tuesday 24 report. may. Royal Bank of Canada set a target price of $175.00 on JPMorgan Chase & Co. and gave the company an “outperform” rating in a Thursday, April 14 report. Finally, Oppenheimer upgraded JPMorgan Chase & Co. from a “market performer” rating to an “outperformer” rating and set a target price of $167.00 for the company in a Tuesday, May 3 report. One analyst rated the stock with a sell rating, eight gave the company a hold rating and eight gave the company a buy rating. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average target price of $161.67.
NYSE JPM shares opened at $117.32 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt ratio of 1.16. The stock has a 50-day simple moving average of $122.94 and a 200-day simple moving average of $138.87. The company has a market capitalization of $344.57 billion, a PE ratio of 8.70, a P/E/G ratio of 2.09 and a beta of 1.11. JPMorgan Chase & Co. has a 12-month low of $111.48 and a 12-month high of $172.96.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released quarterly earnings data on Wednesday, April 13. The financial services provider reported earnings per share (EPS) of $2.63 for the quarter, missing the consensus estimate of $2.73 per ($0.10). The company posted revenue of $30.72 billion for the quarter, versus analyst estimates of $30.53 billion. JPMorgan Chase & Co. achieved a return on equity of 16.58% and a net margin of 33.61%. The company’s quarterly revenue was down 4.8% year over year. In the same quarter a year earlier, the company posted earnings per share of $4.50. Sell-side analysts expect JPMorgan Chase & Co. to post earnings per share of 11.23 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, July 31. Shareholders of record on Wednesday, July 6 will receive a dividend of $1.00. The ex-dividend date is Tuesday, July 5. This represents a dividend of $4.00 on an annualized basis and a yield of 3.41%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.67%.
Profile of JPMorgan Chase & Co. (Get an assessment)
JPMorgan Chase & Co operates as a worldwide financial services company. 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 consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.
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