First United Bank Trust Has $3 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

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First United Bank Trust trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 6.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 25,466 shares of the financial services provider’s stock after selling 1,706 shares during the period. JPMorgan Chase & Co. comprises approximately 1.9% of First United Bank Trust’s holdings, making the stock its 10th largest position. First United Bank Trust’s holdings in JPMorgan Chase & Co. were worth $2,997,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of JPM. Morgan Stanley lifted its stake in shares of JPMorgan Chase & Co. by 5.8% during the 2nd quarter. Morgan Stanley now owns 35,662,949 shares of the financial services provider’s stock worth $3,987,118,000 after acquiring an additional 1,952,873 shares during the last quarter. Invesco Ltd. lifted its stake in shares of JPMorgan Chase & Co. by 39.8% during the 2nd quarter. Invesco Ltd. now owns 23,689,706 shares of the financial services provider’s stock worth $2,648,509,000 after acquiring an additional 6,745,215 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 2,432.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 23,689,599 shares of the financial services provider’s stock worth $2,648,497,000 after acquiring an additional 22,754,332 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of JPMorgan Chase & Co. by 1.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 15,021,076 shares of the financial services provider’s stock worth $1,679,357,000 after acquiring an additional 275,854 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of JPMorgan Chase & Co. by 2.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 11,155,325 shares of the financial services provider’s stock worth $1,247,165,000 after acquiring an additional 272,685 shares during the last quarter. 71.89% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Peter Scher sold 10,816 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $115.00, for a total value of $1,243,840.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 completion of the transaction, the insider now owns 10,130 shares in the company, valued at $1,157,656.40. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

Several research analysts have commented on the company. Royal Bank of Canada set a $120.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Monday, October 7th. ValuEngine upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Morgan Stanley set a $122.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 9th. Deutsche Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, June 28th. Finally, Wells Fargo & Co set a $125.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 16th. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $122.59.

JPM opened at $116.14 on Friday. The stock’s fifty day moving average is $114.14 and its two-hundred day moving average is $111.46. The company has a market capitalization of $360.13 billion, a P/E ratio of 11.78, a PEG ratio of 1.63 and a beta of 1.20. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $120.40. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, topping the consensus estimate 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 company had revenue of $28.83 billion for the quarter, compared to the consensus estimate of $28.52 billion. During the same period last year, the business posted $2.29 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 3.9% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post 9.89 earnings per share for the current year.

The business 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 $0.90 dividend. 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. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.10%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 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.

Further Reading: How Do I Invest in Dividend Stocks

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

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