FTB Advisors Inc. Acquires 527 Shares of JPMorgan Chase & Co. (JPM)

FTB Advisors Inc. lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 101,632 shares of the financial services provider’s stock after purchasing an additional 527 shares during the period. JPMorgan Chase & Co. comprises approximately 1.0% of FTB Advisors Inc.’s holdings, making the stock its 23rd biggest position. FTB Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $9,750,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. David R. Rahn & Associates Inc. bought a new stake in JPMorgan Chase & Co. during the 2nd quarter worth approximately $1,458,000. Ironwood Investment Management LLC raised its stake in JPMorgan Chase & Co. by 61.9% during the 2nd quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock worth $609,000 after acquiring an additional 2,550 shares during the period. Gamble Jones Investment Counsel raised its stake in JPMorgan Chase & Co. by 0.6% during the 2nd quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock worth $4,566,000 after acquiring an additional 276 shares during the period. Grove Bank & Trust raised its stake in JPMorgan Chase & Co. by 16.9% during the 2nd quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock worth $895,000 after acquiring an additional 1,417 shares during the period. Finally, Lee Danner & Bass Inc. raised its stake in JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock worth $1,599,000 after acquiring an additional 69 shares during the period. Hedge funds and other institutional investors own 73.66% of the company’s stock.

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods upgraded shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 target price on the stock in a research note on Tuesday, February 13th. Vetr upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $105.98 target price on the stock in a research note on Monday, February 12th. Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $128.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. ValuEngine raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a report on Thursday, January 18th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $108.71.

In related news, insider Peter Scher sold 26,532 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $113.42, for a total value of $3,009,259.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ashley Bacon sold 16,434 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total value of $1,844,223.48. Following the completion of the sale, the insider now owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 152,047 shares of company stock valued at $17,098,115. 0.88% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. (JPM) opened at $114.68 on Monday. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $117.35. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03. The firm has a market cap of $397,910.00, a price-to-earnings ratio of 17.97, a P/E/G ratio of 1.96 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The firm had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. During the same period last year, the firm posted $1.71 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 3.3% compared to the same quarter last year. research analysts predict that JPMorgan Chase & Co. will post 8.78 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 5th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.11%.

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JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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