JPMorgan Chase & Co. $JPM Shares Purchased by Capital City Trust Co. FL

Key Points

• Capital City Trust Co. FL raised its stake in JPMorgan Chase & Co. by 7.1%, now owning 18,336 shares worth approximately $5.3 million, making it their 21st largest holding.
• JPMorgan recently declared a quarterly dividend increase from $1.40 to $1.50 per share, representing an annualized dividend yield of 2.0%.
• Analysts have given JPMorgan Chase & Co. a consensus rating of "Hold" with a target price of $313.89, while a majority rate the stock as a Buy.

Capital City Trust Co. FL increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,336 shares of the financial services provider's stock after purchasing an additional 1,213 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.4% of Capital City Trust Co. FL's investment portfolio, making the stock its 21st largest holding. Capital City Trust Co. FL's holdings in JPMorgan Chase & Co. were worth $5,316,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in JPMorgan Chase & Co. in the first quarter valued at approximately $28,000. University of Illinois Foundation acquired a new position in JPMorgan Chase & Co. in the first quarter valued at approximately $30,000. Ryan Investment Management Inc. acquired a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $37,000. Christopher J. Hasenberg Inc lifted its holdings in 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 acquiring an additional 106 shares during the period. Finally, Goodman Advisory Group LLC acquired a new position in JPMorgan Chase & Co. in the first quarter valued at approximately $76,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on JPM shares. Deutsche Bank Aktiengesellschaft boosted their price target on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a "hold" rating in a report on Tuesday, September 30th. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Evercore ISI boosted their price objective on JPMorgan Chase & Co. from $309.00 to $330.00 and gave the company an "outperform" rating in a research report on Tuesday, September 30th. Royal Bank Of Canada restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Thursday, September 11th. Finally, Weiss Ratings restated a "buy (b+)" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday. Fourteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $313.89.

JPMorgan Chase & Co. Stock Down 1.4%

Shares of JPM opened at $301.12 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $318.01. The stock has a market capitalization of $828.00 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 1.94 and a beta of 1.13. The stock has a 50 day moving average price of $301.61 and a 200 day moving average price of $276.78.

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, topping 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 firm had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. During the same period in the previous year, the business earned $6.12 earnings per share. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be given a dividend of $1.50 per share. The ex-dividend date is Monday, October 6th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 30.79%.

Insider Activity at JPMorgan Chase & Co.

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 transaction of $2,830,430.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.47% of the company's stock.

About JPMorgan Chase & Co.

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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