JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Ledyard National Bank

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Ledyard National Bank raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 5.0% in the second quarter, HoldingsChannel.com reports. The fund owned 13,527 shares of the financial services provider’s stock after buying an additional 649 shares during the quarter. Ledyard National Bank’s holdings in JPMorgan Chase & Co. were worth $1,512,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Thoroughbred Financial Services LLC increased its holdings in shares of JPMorgan Chase & Co. by 11,601.0% in the second quarter. Thoroughbred Financial Services LLC now owns 4,973,970 shares of the financial services provider’s stock valued at $497,397,000 after buying an additional 4,931,461 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 179.6% in the second quarter. Bessemer Group Inc. now owns 3,508,417 shares of the financial services provider’s stock valued at $392,240,000 after buying an additional 2,253,764 shares in the last quarter. Royal London Asset Management Ltd. bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $182,400,000. ADAMCAPITAL Gestao de Recursos Ltda. increased its holdings in shares of JPMorgan Chase & Co. by 32.0% in the fourth quarter. ADAMCAPITAL Gestao de Recursos Ltda. now owns 2,598,267 shares of the financial services provider’s stock valued at $253,643,000 after buying an additional 629,580 shares in the last quarter. Finally, Miller Howard Investments Inc. NY bought a new position in shares of JPMorgan Chase & Co. in the second quarter valued at $58,723,000. Institutional investors own 71.59% of the company’s stock.

NYSE:JPM traded up $2.06 during trading hours on Tuesday, hitting $109.74. 385,999 shares of the stock traded hands, compared to its average volume of 11,890,138. The business’s 50 day simple moving average is $112.91. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $119.24. The firm has a market capitalization of $344.31 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 1.58 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results 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 company had revenue of $28.83 billion for the quarter, compared to the consensus estimate of $28.52 billion. During the same period in the previous year, the business earned $2.29 EPS. The company’s revenue was up 3.9% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post 9.92 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Wednesday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

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

Several research analysts have issued reports on the company. Morgan Stanley set a $122.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 16th. Credit Suisse Group boosted their target price on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Deutsche Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Friday, June 28th. Finally, BMO Capital Markets boosted their target price on shares of JPMorgan Chase & Co. from $116.00 to $118.00 and gave the company a “market perform” rating in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $122.32.

JPMorgan Chase & Co. 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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