JPMorgan Chase & Co. $JPM Shares Bought by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

Key Points

• FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its stake in JPMorgan Chase & Co. by 11.4% in the second quarter, holding 47,354 shares worth approximately $13.7 million.
• Institutional ownership for JPMorgan Chase & Co. is significant, with 71.55% of the stock held by institutional investors and hedge funds as of the latest disclosures.
• JPMorgan Chase & Co. announced an increase in its quarterly dividend from $1.40 to $1.50 per share, with the payment scheduled for October 31st, reflecting the company's strong financial positioning.

FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 11.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,354 shares of the financial services provider's stock after acquiring an additional 4,859 shares during the quarter. JPMorgan Chase & Co. makes up 2.9% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH's portfolio, making the stock its 7th biggest holding. FARMERS & MERCHANTS TRUST Co OF LONG BEACH's holdings in JPMorgan Chase & Co. were worth $13,728,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in JPM. Kingstone Capital Partners Texas LLC increased its stake in JPMorgan Chase & Co. by 609,867.5% in the second quarter. Kingstone Capital Partners Texas LLC now owns 72,897,211 shares of the financial services provider's stock valued at $21,133,630,000 after purchasing an additional 72,885,260 shares during the last quarter. Nuveen LLC acquired a new position in JPMorgan Chase & Co. in the first quarter valued at $3,972,807,000. National Bank of Canada FI increased its stake in JPMorgan Chase & Co. by 44.4% in the first quarter. National Bank of Canada FI now owns 4,518,740 shares of the financial services provider's stock valued at $1,108,415,000 after purchasing an additional 1,388,992 shares during the last quarter. Strs Ohio purchased a new stake in JPMorgan Chase & Co. during the first quarter valued at about $279,389,000. Finally, Alecta Tjanstepension Omsesidigt purchased a new stake in JPMorgan Chase & Co. during the first quarter valued at about $278,493,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the company'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 transaction of $2,830,430.00. Following the sale, the director owned 82,207 shares in the company, valued at $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target for the company. in a research report on Friday, June 27th. Bank of America boosted their price target on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Evercore ISI boosted their price target on JPMorgan Chase & Co. from $309.00 to $330.00 and gave the company an "outperform" rating in a research report on Tuesday. Zacks Research downgraded JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. Finally, Phillip Securities downgraded JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and a consensus price target of $303.45.

JPMorgan Chase & Co. Trading Up 0.8%

Shares of JPM opened at $309.89 on Friday. The company has a market capitalization of $852.11 billion, a P/E ratio of 15.90, a P/E/G ratio of 2.03 and a beta of 1.13. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $318.01. 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 moving average price of $300.67 and a 200 day moving average price of $274.48.

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

JPMorgan Chase & Co. Increases Dividend

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

JPMorgan Chase & Co. Company 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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