Tompkins Financial Corp Raises Stake in JPMorgan Chase & Co. (NYSE:JPM)

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Tompkins Financial Corp raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,749 shares of the financial services provider’s stock after buying an additional 2,080 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.2% of Tompkins Financial Corp’s investment portfolio, making the stock its 23rd largest position. Tompkins Financial Corp’s holdings in JPMorgan Chase & Co. were worth $5,808,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. NuWave Investment Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth $30,000. Lion Street Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth $37,000. Horan Securities Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth $45,000. Efficient Wealth Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth $51,000. Finally, Larson Financial Group LLC grew its holdings in shares of JPMorgan Chase & Co. by 217.6% during the 1st quarter. Larson Financial Group LLC now owns 597 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 409 shares during the period. Institutional investors own 71.35% of the company’s stock.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 24,554 shares of the stock in a transaction dated Wednesday, July 15th. The stock was sold at an average price of $99.52, for a total value of $2,443,614.08. 0.78% of the stock is owned by company insiders.

A number of equities analysts have recently weighed in on the company. DA Davidson upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and increased their price target for the stock from $102.00 to $117.00 in a report on Thursday, July 9th. Odeon Capital Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $105.75 price target for the company in a report on Wednesday, May 20th. Morgan Stanley reiterated a “buy” rating and set a $106.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 27th. Royal Bank of Canada set a $99.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Tuesday, April 14th. Finally, BMO Capital Markets increased their target price on JPMorgan Chase & Co. from $108.00 to $119.00 in a research note on Wednesday, July 15th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $110.89.

JPM stock opened at $96.64 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.88 and a quick ratio of 0.89. The firm has a market capitalization of $294.46 billion, a P/E ratio of 13.04, a P/E/G ratio of 3.24 and a beta of 1.19. The business’s 50-day moving average is $96.77 and its two-hundred day moving average is $105.48. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $141.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.04. The company had revenue of $32.98 billion for the quarter, compared to analyst estimates of $30.23 billion. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. JPMorgan Chase & Co.’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.82 EPS. On average, analysts expect that JPMorgan Chase & Co. will post 5.96 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 6th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Thursday, July 2nd. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.

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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