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JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Country Trust Bank

JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Country Trust Bank #JPMorgan #Chase #NYSEJPM #Shares #Acquired #Country #Trust #Bank Welcome to Americanah Blog, here is the new story we have for you today:

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Country Trust Bank lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 3.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 447,094 shares of the financial services provider’s stock after buying an additional 13,325 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.6% of Country Trust Bank’s portfolio, making the stock its 15th biggest position. Country Trust Bank’s holdings in JPMorgan Chase & Co. were worth $50,347,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC lifted its stake in JPMorgan Chase & Co. by 1.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,278 shares of the financial services provider’s stock worth $1,628,000 after purchasing an additional 140 shares during the last quarter. Institutional & Family Asset Management LLC lifted its stake in JPMorgan Chase & Co. by 0.4% during the fourth quarter. Institutional & Family Asset Management LLC now owns 36,585 shares of the financial services provider’s stock worth $5,793,000 after purchasing an additional 134 shares during the last quarter. Mutual Advisors LLC lifted its stake in JPMorgan Chase & Co. by 1.7% during the fourth quarter. Mutual Advisors LLC now owns 60,376 shares of the financial services provider’s stock worth $9,561,000 after purchasing an additional 1,032 shares during the last quarter. Trail Ridge Investment Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $2,119,000. Finally, Nissay Asset Management Corp Japan ADV lifted its stake in JPMorgan Chase & Co. by 9.6% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 947,375 shares of the financial services provider’s stock worth $150,017,000 after purchasing an additional 82,952 shares during the last quarter. 68.57% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 2.0 %

Shares of JPM stock opened at $115.83 on Wednesday. The business’s fifty day moving average price is $115.96 and its 200 day moving average price is $122.40. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96. The firm has a market capitalization of $339.68 billion, a PE ratio of 9.30, a P/E/G ratio of 2.07 and a beta of 1.10. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.83.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.09). JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The business had revenue of $30.72 billion for the quarter, compared to analyst estimates of $31.82 billion. During the same period in the prior year, the company earned $3.78 EPS. The company’s revenue was up .8% on a year-over-year basis. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 11.32 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.45%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 32.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Morgan Stanley decreased their target price on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a research note on Tuesday, July 12th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $148.00 price objective (up previously from $142.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 24th. Credit Suisse Group set a $145.00 price objective on JPMorgan Chase & Co. in a research note on Monday, August 8th. Jefferies Financial Group set a $117.00 price objective on JPMorgan Chase & Co. in a research note on Monday, September 12th. Finally, BMO Capital Markets boosted their price objective on JPMorgan Chase & Co. from $150.00 to $156.00 in a research note on Tuesday, May 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $145.95.

JPMorgan Chase & Co. Company Profile

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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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

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

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