AMG National Trust Bank Has $6.34 Million Stake in JPMorgan Chase & Co. (JPM)

AMG National Trust Bank raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,416 shares of the financial services provider’s stock after acquiring an additional 2,005 shares during the quarter. AMG National Trust Bank’s holdings in JPMorgan Chase & Co. were worth $6,343,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. David R. Rahn & Associates Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $1,458,000. Ironwood Investment Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 61.9% in the 2nd quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 2,550 shares during the last quarter. Gamble Jones Investment Counsel lifted its holdings in shares of JPMorgan Chase & Co. by 0.6% in the 2nd quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock valued at $4,566,000 after purchasing an additional 276 shares during the last quarter. Grove Bank & Trust lifted its holdings in shares of JPMorgan Chase & Co. by 16.9% in the 2nd quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock valued at $895,000 after purchasing an additional 1,417 shares during the last quarter. Finally, Lee Danner & Bass Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock valued at $1,599,000 after purchasing an additional 69 shares during the last quarter. 73.78% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the company. Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a report on Thursday. Argus boosted their target price on JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a “buy” rating in a report on Friday, January 12th. Vining Sparks reissued a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, January 12th. Bank of America set a $119.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Monday, January 15th. Finally, Deutsche Bank set a $96.00 price objective on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $105.81.

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $113.01 on Friday. The firm has a market capitalization of $392,110.00, a P/E ratio of 17.71, a P/E/G ratio of 1.96 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $114.34.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.07. The business had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.71 EPS. analysts expect that JPMorgan Chase & Co. will post 8.65 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.11%.

In related news, CEO Mary E. Erdoes sold 65,101 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total value of $7,307,587.25. Following the sale, the chief executive officer now owns 479,882 shares in the company, valued at approximately $53,866,754.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 17,729 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $112.33, for a total value of $1,991,498.57. Following the sale, the general counsel now owns 21,260 shares in the company, valued at approximately $2,388,135.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 154,146 shares of company stock worth $17,312,129. Insiders own 0.88% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “AMG National Trust Bank Has $6.34 Million Stake in JPMorgan Chase & Co. (JPM)” was published by Ticker Report and is the property of of Ticker Report. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3146886/amg-national-trust-bank-has-6-34-million-stake-in-jpmorgan-chase-co-jpm.html.

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.

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.