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

First United Bank & Trust lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,060 shares of the financial services provider’s stock after buying an additional 82 shares during the quarter. JPMorgan Chase & Co. accounts for 1.5% of First United Bank & Trust’s portfolio, making the stock its 15th biggest holding. First United Bank & Trust’s holdings in JPMorgan Chase & Co. were worth $3,611,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Adams Chetwood Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 1.7% during the first quarter. Adams Chetwood Wealth Management LLC now owns 3,803 shares of the financial services provider’s stock worth $579,000 after acquiring an additional 65 shares during the last quarter. Proficio Capital Partners LLC boosted its position in shares of JPMorgan Chase & Co. by 0.6% in the second quarter. Proficio Capital Partners LLC now owns 11,656 shares of the financial services provider’s stock worth $1,813,000 after buying an additional 65 shares during the period. First PREMIER Bank boosted its position in shares of JPMorgan Chase & Co. by 0.3% in the second quarter. First PREMIER Bank now owns 20,301 shares of the financial services provider’s stock worth $3,157,000 after buying an additional 68 shares during the period. Breiter Capital Management Inc. boosted its position in shares of JPMorgan Chase & Co. by 0.6% in the second quarter. Breiter Capital Management Inc. now owns 11,649 shares of the financial services provider’s stock worth $1,812,000 after buying an additional 69 shares during the period. Finally, Verity Asset Management Inc. boosted its position in shares of JPMorgan Chase & Co. by 4.6% in the second quarter. Verity Asset Management Inc. now owns 1,562 shares of the financial services provider’s stock worth $243,000 after buying an additional 69 shares during the period. Hedge funds and other institutional investors own 69.51% of the company’s stock.

A number of brokerages recently commented on JPM. The Goldman Sachs Group set a $198.00 price target on JPMorgan Chase & Co. in a report on Wednesday, October 13th. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, October 25th. Jefferies Financial Group increased their price target on JPMorgan Chase & Co. from $177.00 to $198.00 and gave the stock a “buy” rating in a research report on Monday, October 11th. Barclays lifted their price target on JPMorgan Chase & Co. from $187.00 to $193.00 and gave the company an “overweight” rating in a research report on Friday, October 15th. Finally, Berenberg Bank set a $125.00 price target on JPMorgan Chase & Co. in a research report on Monday, October 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $168.56.

Shares of JPM opened at $166.96 on Thursday. JPMorgan Chase & Co. has a 12-month low of $117.77 and a 12-month high of $172.96. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $493.41 billion, a price-to-earnings ratio of 10.56, a P/E/G ratio of 2.15 and a beta of 1.16. The stock’s 50-day moving average price is $166.07 and its 200 day moving average price is $160.51.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, October 13th. The financial services provider reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.74. JPMorgan Chase & Co. had a return on equity of 19.89% and a net margin of 39.41%. The firm had revenue of $29.60 billion for the quarter, compared to analyst estimates of $29.63 billion. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.92 earnings per share. Equities research analysts expect that JPMorgan Chase & Co. will post 14.95 EPS for the current year.

The business also recently disclosed a dividend, which was paid on Wednesday, November 17th. Shareholders of record on Monday, November 15th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 12th. JPMorgan Chase & Co.’s payout ratio is 25.30%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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