JPMorgan Chase & Co. $JPM Stake Lifted by Town & Country Bank & Trust CO dba First Bankers Trust CO

Key Points

• Town & Country Bank & Trust CO increased its stake in JPMorgan Chase & Co. by 24.2%, holding 20,531 shares valued at approximately $5.95 million, making it the 8th largest position in its investment portfolio.
• JPMorgan's latest earnings report indicated an EPS of $4.96, exceeding estimates, although revenue declined year-over-year by 10.5%.
• The company has announced an increase in its quarterly dividend from $1.40 to $1.50, representing a dividend yield of 1.9% and a payout ratio of 28.73%.

Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 24.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,531 shares of the financial services provider's stock after purchasing an additional 3,994 shares during the quarter. JPMorgan Chase & Co. accounts for 2.2% of Town & Country Bank & Trust CO dba First Bankers Trust CO's investment portfolio, making the stock its 8th biggest position. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in JPMorgan Chase & Co. were worth $5,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC increased its stake in JPMorgan Chase & Co. by 609,867.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 72,897,211 shares of the financial services provider's stock worth $21,133,630,000 after buying an additional 72,885,260 shares during the period. GAMMA Investing LLC lifted its stake in shares of JPMorgan Chase & Co. by 25,861.9% in the first quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock worth $5,778,289,000 after acquiring an additional 23,465,278 shares in the last quarter. Nuveen LLC purchased a new position in JPMorgan Chase & Co. in the first quarter valued at about $3,972,807,000. National Bank of Canada FI grew its stake in JPMorgan Chase & Co. by 44.4% during the 1st 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 in the last quarter. Finally, Strs Ohio purchased a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $279,389,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 0.0%

Shares of JPMorgan Chase & Co. stock opened at $313.48 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $862.00 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 2.06 and a beta of 1.13. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $316.58. The business's 50 day simple moving average is $298.46 and its 200-day simple moving average is $271.08.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released 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. The business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company's quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.12 earnings per share. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be paid a $1.50 dividend. 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 dividend yield of 1.9%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 28.73%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. HSBC reiterated a "reduce" rating and set a $259.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Bank of America increased their price objective on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Zacks Research lowered shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. Citigroup upped their target price on shares of JPMorgan Chase & Co. from $275.00 to $325.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Royal Bank Of Canada reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Thursday, September 11th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $297.17.

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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