Bank of New Hampshire Has $8.01 Million Stock Position in JPMorgan Chase & Co. $JPM

Key Points

• Bank of New Hampshire reduced its stake in JPMorgan Chase & Co. by 4.7%, now holding 27,625 shares valued at approximately $8.01 million.
• JPMorgan Chase is set to increase its quarterly dividend to $1.50 per share, representing a 1.9% yield and a boost from the previous dividend of $1.40.
• The stock has shown recent price performance fluctuations, with a 52-week low of $202.16 and a high of $310.90, while analysts have set a consensus price target of $292.78.

Bank of New Hampshire cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,625 shares of the financial services provider's stock after selling 1,363 shares during the quarter. JPMorgan Chase & Co. makes up 2.0% of Bank of New Hampshire's portfolio, making the stock its 10th largest holding. Bank of New Hampshire's holdings in JPMorgan Chase & Co. were worth $8,009,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Market Street Wealth Management Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 17.7% during the second quarter. Market Street Wealth Management Advisors LLC now owns 3,904 shares of the financial services provider's stock valued at $1,132,000 after acquiring an additional 587 shares during the period. GEM Asset Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 7.1% in the second quarter. GEM Asset Management LLC now owns 970 shares of the financial services provider's stock valued at $283,000 after buying an additional 64 shares during the last quarter. Emprise Bank raised its holdings in shares of JPMorgan Chase & Co. by 0.6% in the second quarter. Emprise Bank now owns 9,372 shares of the financial services provider's stock valued at $2,717,000 after buying an additional 53 shares during the last quarter. Renaissance Investment Group LLC bought a new position in shares of JPMorgan Chase & Co. in the second quarter valued at about $208,000. Finally, Christopher J. Hasenberg Inc raised its holdings in shares of JPMorgan Chase & Co. by 212.0% in the second quarter. Christopher J. Hasenberg Inc now owns 156 shares of the financial services provider's stock valued at $45,000 after buying an additional 106 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the transaction, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $309.19 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50 day simple moving average of $294.81 and a 200 day simple moving average of $268.04. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $310.90. The firm has a market capitalization of $850.20 billion, a PE ratio of 15.86, a P/E/G ratio of 2.05 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same period in the previous year, the firm earned $6.12 EPS. JPMorgan Chase & Co.'s quarterly revenue was down 10.5% compared to the same quarter last year. Sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be given a $1.50 dividend. The ex-dividend date is Monday, October 6th. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. JPMorgan Chase & Co.'s payout ratio is presently 28.73%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on JPM shares. Royal Bank Of Canada set a $305.00 price target on JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, June 30th. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. HSBC reaffirmed a "reduce" rating and issued a $259.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Finally, Citigroup set a $275.00 price target on JPMorgan Chase & Co. and gave the company a "buy" rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and a consensus price target of $292.78.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

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