Country Club Trust Company n.a. Raises Stake in JPMorgan Chase & Co. (NYSE:JPM)

Country Club Trust Company n.a. grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,919 shares of the financial services provider’s stock after purchasing an additional 721 shares during the quarter. Country Club Trust Company n.a.’s holdings in JPMorgan Chase & Co. were worth $2,786,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Adirondack Trust Co. lifted its stake in JPMorgan Chase & Co. by 0.5% in the fourth quarter. Adirondack Trust Co. now owns 20,026 shares of the financial services provider’s stock worth $1,955,000 after acquiring an additional 99 shares during the period. Watch Point Trust Co lifted its stake in JPMorgan Chase & Co. by 0.3% in the fourth quarter. Watch Point Trust Co now owns 35,305 shares of the financial services provider’s stock worth $3,447,000 after acquiring an additional 104 shares during the period. IMS Capital Management lifted its stake in JPMorgan Chase & Co. by 2.5% in the first quarter. IMS Capital Management now owns 4,259 shares of the financial services provider’s stock worth $431,000 after acquiring an additional 104 shares during the period. New Potomac Partners LLC lifted its stake in JPMorgan Chase & Co. by 0.5% in the fourth quarter. New Potomac Partners LLC now owns 23,102 shares of the financial services provider’s stock worth $2,255,000 after acquiring an additional 105 shares during the period. Finally, Biegel & Waller LLC lifted its stake in JPMorgan Chase & Co. by 3.9% in the fourth quarter. Biegel & Waller LLC now owns 2,875 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 107 shares during the period. 71.57% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Peter Scher sold 10,816 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,243,840.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lori A. Beer sold 13,341 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the transaction, the insider now owns 10,130 shares in the company, valued at approximately $1,157,656.40. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

JPM opened at $112.94 on Friday. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $119.24. The company has a current ratio of 0.97, a quick ratio of 1.00 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $374.97 billion, a P/E ratio of 12.09, a P/E/G ratio of 1.66 and a beta of 1.15. The firm’s 50-day moving average is $112.89.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.41%. The firm had revenue of $28.83 billion for the quarter, compared to the consensus estimate of $28.52 billion. During the same quarter in the prior year, the company posted $2.29 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, research analysts expect that JPMorgan Chase & Co. will post 9.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $3.20 annualized dividend and a dividend yield of 2.83%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 35.56%.

Several research firms have commented on JPM. Deutsche Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $124.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. HSBC set a $102.00 price target on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Thursday, April 4th. BMO Capital Markets increased their price target on shares of JPMorgan Chase & Co. from $116.00 to $118.00 and gave the company a “market perform” rating in a research report on Monday, April 15th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 16th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $122.94.

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.

Further Reading: Fundamental Analysis

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