First National Bank Sioux Falls grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.5% in the 3rd quarter, Holdings Channel reports. The firm owned 7,395 shares of the financial services provider’s stock after acquiring an additional 639 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.9% of First National Bank Sioux Falls’ holdings, making the stock its 8th biggest position. First National Bank Sioux Falls’ holdings in JPMorgan Chase & Co. were worth $870,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of JPM. Personal Wealth Partners bought a new position in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $28,000. MRA Associates USA LLC bought a new position in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $30,000. Global Trust Asset Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 2,027.2% during the second quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 5,068 shares during the last quarter. Titan Capital Management LLC CA bought a new position in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $35,000. Finally, Semmax Financial Advisors Inc. bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $56,000. 71.89% of the stock is owned by institutional investors.
JPM stock traded up $3.04 on Friday, reaching $117.25. The company’s stock had a trading volume of 1,124,549 shares, compared to its average volume of 11,492,522. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $120.40. The company has a market capitalization of $357.54 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 1.62 and a beta of 1.20. The firm has a fifty day moving average of $113.95 and a two-hundred day moving average of $111.37. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 0.97.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be paid a dividend of $0.90 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Thursday, October 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 40.00%.
JPM has been the subject of a number of recent analyst reports. Morgan Stanley set a $122.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 9th. ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Buckingham Research lowered JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 price objective for the company. in a report on Monday, September 16th. They noted that the move was a valuation call. Deutsche Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, June 28th. Finally, Goldman Sachs Group reissued a “neutral” rating and issued a $117.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $122.59.
In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 13,341 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the completion of the transaction, the insider now directly owns 10,130 shares of the company’s stock, valued at approximately $1,157,656.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mellody L. Hobson purchased 18,200 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $109.91 per share, with a total value of $2,000,362.00. Following the completion of the purchase, the director now owns 7,804 shares in the company, valued at approximately $857,737.64. The disclosure for this purchase can be found here. Company insiders own 0.76% of the company’s stock.
About JPMorgan Chase & Co.
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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