JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by VeraBank N.A.

VeraBank N.A. boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,239 shares of the financial services provider’s stock after acquiring an additional 106 shares during the quarter. JPMorgan Chase & Co. comprises about 1.7% of VeraBank N.A.’s investment portfolio, making the stock its 13th biggest holding. VeraBank N.A.’s holdings in JPMorgan Chase & Co. were worth $1,911,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Morse Asset Management Inc raised its holdings in JPMorgan Chase & Co. by 1.5% during the 2nd quarter. Morse Asset Management Inc now owns 5,781 shares of the financial services provider’s stock worth $646,000 after buying an additional 86 shares during the period. Harvey Investment Co. LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Harvey Investment Co. LLC now owns 21,596 shares of the financial services provider’s stock valued at $2,414,000 after purchasing an additional 90 shares during the period. TPG Financial Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 4.5% in the 3rd quarter. TPG Financial Advisors LLC now owns 2,104 shares of the financial services provider’s stock valued at $248,000 after purchasing an additional 90 shares during the period. CMH Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.4% in the 2nd quarter. CMH Wealth Management LLC now owns 25,978 shares of the financial services provider’s stock valued at $2,904,000 after purchasing an additional 95 shares during the period. Finally, West Oak Capital LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.4% in the 3rd quarter. West Oak Capital LLC now owns 24,399 shares of the financial services provider’s stock valued at $2,872,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 71.89% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada set a $120.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Monday. DZ Bank reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, August 21st. UBS Group upped their target price on JPMorgan Chase & Co. from $125.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Wells Fargo & Co set a $125.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Morgan Stanley set a $122.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday, August 9th. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $122.59.

In related news, EVP Peter Scher sold 10,816 shares of the business’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lori A. Beer sold 13,341 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 10,130 shares of the company’s stock, valued at approximately $1,157,656.40. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Shares of NYSE JPM traded up $3.05 during trading hours on Friday, hitting $117.26. The stock had a trading volume of 1,228,926 shares, compared to its average volume of 11,492,522. The company has a market capitalization of $357.54 billion, a P/E ratio of 13.05, a P/E/G ratio of 1.62 and a beta of 1.20. The firm’s 50-day moving average price is $113.95 and its two-hundred day moving average price is $111.37. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $120.40. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 0.97.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.50 by $0.32. The business had revenue of $28.83 billion during the quarter, compared to analysts’ expectations of $28.52 billion. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.29 EPS. As a group, analysts expect that JPMorgan Chase & Co. will post 9.89 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be paid a $0.90 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $3.60 annualized dividend and a dividend yield of 3.07%. JPMorgan Chase & Co.’s payout ratio is presently 40.00%.

JPMorgan Chase & Co. Profile

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.

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

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