FARMERS & MERCHANTS TRUST Co OF LONG BEACH Purchases 590 Shares of JPMorgan Chase & Co. (NYSE:JPM)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,075 shares of the financial services provider’s stock after buying an additional 590 shares during the quarter. JPMorgan Chase & Co. makes up about 1.9% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings, making the stock its 8th biggest position. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in JPMorgan Chase & Co. were worth $7,378,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in JPMorgan Chase & Co. by 4.8% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 20,558 shares of the financial services provider’s stock valued at $3,198,000 after buying an additional 937 shares during the last quarter. Gibraltar Capital Management Inc. grew its position in JPMorgan Chase & Co. by 8.1% in the 2nd quarter. Gibraltar Capital Management Inc. now owns 42,528 shares of the financial services provider’s stock worth $6,419,000 after purchasing an additional 3,179 shares during the last quarter. Gradient Investments LLC grew its position in JPMorgan Chase & Co. by 7.0% in the 2nd quarter. Gradient Investments LLC now owns 190,284 shares of the financial services provider’s stock worth $29,597,000 after purchasing an additional 12,480 shares during the last quarter. Prime Capital Investment Advisors LLC grew its position in JPMorgan Chase & Co. by 24.4% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 58,153 shares of the financial services provider’s stock worth $9,045,000 after purchasing an additional 11,392 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter worth $3,785,000. Institutional investors and hedge funds own 69.51% of the company’s stock.

Several analysts have issued reports on JPM shares. Jefferies Financial Group raised their price target on shares of JPMorgan Chase & Co. from $177.00 to $198.00 and gave the stock a “buy” rating in a research report on Monday, October 11th. Royal Bank of Canada raised their price target on shares of JPMorgan Chase & Co. from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, October 14th. Berenberg Bank set a $125.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, October 18th. Morgan Stanley raised their price target on shares of JPMorgan Chase & Co. from $150.00 to $166.00 and gave the stock an “underweight” rating in a research report on Thursday, July 29th. Finally, Wells Fargo & Company lifted their target price on shares of JPMorgan Chase & Co. from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, October 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $168.56.

JPM stock traded down $1.32 during trading on Thursday, hitting $166.96. 9,629,790 shares of the stock traded hands, compared to its average volume of 13,020,531. JPMorgan Chase & Co. has a one year low of $117.77 and a one year high of $172.96. The stock has a market cap of $493.41 billion, a price-to-earnings ratio of 10.56, a P/E/G ratio of 2.15 and a beta of 1.16. The company has a 50 day simple moving average of $166.07 and a 200 day simple moving average of $160.51. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.17.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Wednesday, October 13th. The financial services provider reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.74. JPMorgan Chase & Co. had a net margin of 39.41% and a return on equity of 19.89%. The firm had revenue of $29.60 billion during the quarter, compared to the consensus estimate of $29.63 billion. During the same period last year, the firm posted $2.92 EPS. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. As a group, analysts predict that JPMorgan Chase & Co. will post 14.95 earnings per share for the current fiscal year.

The company also recently declared a dividend, which was paid on Wednesday, November 17th. Investors of record on Monday, November 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 12th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.30%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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