Citizens & Northern Corp boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 30,527 shares of the financial services provider’s stock after buying an additional 106 shares during the period. JPMorgan Chase & Co. makes up 1.6% of Citizens & Northern Corp’s portfolio, making the stock its 12th largest holding. Citizens & Northern Corp’s holdings in JPMorgan Chase & Co. were worth $3,978,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of JPM. Adirondack Retirement Specialists Inc. raised its stake in JPMorgan Chase & Co. by 510.8% in the first quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 189 shares in the last quarter. Nordwand Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $30,000. Boulder Wealth Advisors LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $43,000. Capital Directions Investment Advisors LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $44,000. Finally, VitalStone Financial LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth $58,000. 70.10% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on JPM. Barclays lifted their price target on JPMorgan Chase & Co. from $179.00 to $182.00 in a research note on Sunday, July 16th. 888 restated a “maintains” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 26th. Credit Suisse Group upped their price objective on shares of JPMorgan Chase & Co. from $160.00 to $170.00 in a research report on Monday, July 17th. Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $160.00 to $173.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. Finally, Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $131.00 to $155.00 and gave the stock a “market perform” rating in a report on Monday, April 17th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $164.39.
JPMorgan Chase & Co. Trading Down 0.6 %
NYSE:JPM opened at $155.88 on Wednesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.90 and a quick ratio of 0.90. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $159.38. The company has a market cap of $453.00 billion, a PE ratio of 10.03, a PEG ratio of 2.06 and a beta of 1.10. The firm has a 50-day moving average of $146.76 and a 200-day moving average of $140.00.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its earnings results on Friday, July 14th. The financial services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.75. The company had revenue of $42.40 billion for the quarter, compared to analyst estimates of $38.66 billion. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The company’s revenue for the quarter was up 34.1% on a year-over-year basis. During the same quarter last year, the company earned $2.76 earnings per share. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 15.23 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 6th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Wednesday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 25.74%.
Insider Buying and Selling
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $157.16, for a total transaction of $677,359.60. Following the transaction, the general counsel now owns 57,735 shares of the company’s stock, valued at approximately $9,073,632.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 113,640 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $135.93, for a total value of $15,447,085.20. Following the sale, the chief executive officer now directly owns 566,665 shares in the company, valued at $77,026,773.45. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Stacey Friedman sold 4,310 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $157.16, for a total value of $677,359.60. Following the completion of the sale, the general counsel now directly owns 57,735 shares of the company’s stock, valued at approximately $9,073,632.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 150,171 shares of company stock worth $20,535,635. 0.79% of the stock is owned by insiders.
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, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
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