Country Club Trust Company n.a. Buys 1,733 Shares of JPMorgan Chase & Co. (JPM)

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Country Club Trust Company n.a. boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,278 shares of the financial services provider’s stock after acquiring an additional 1,733 shares during the quarter. Country Club Trust Company n.a.’s holdings in JPMorgan Chase & Co. were worth $2,965,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Cambridge Trust Co. raised its stake in shares of JPMorgan Chase & Co. by 13.4% during the 3rd quarter. Cambridge Trust Co. now owns 283,338 shares of the financial services provider’s stock worth $31,972,000 after buying an additional 33,586 shares in the last quarter. Duncker Streett & Co. Inc. raised its stake in shares of JPMorgan Chase & Co. by 1.3% during the 3rd quarter. Duncker Streett & Co. Inc. now owns 53,253 shares of the financial services provider’s stock worth $6,009,000 after buying an additional 696 shares in the last quarter. Calamos Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 0.6% during the 3rd quarter. Calamos Advisors LLC now owns 2,059,610 shares of the financial services provider’s stock worth $232,406,000 after buying an additional 11,867 shares in the last quarter. Allen Capital Group LLC raised its stake in shares of JPMorgan Chase & Co. by 11.2% during the 3rd quarter. Allen Capital Group LLC now owns 8,193 shares of the financial services provider’s stock worth $925,000 after buying an additional 822 shares in the last quarter. Finally, Delta Asset Management LLC TN raised its stake in shares of JPMorgan Chase & Co. by 7.0% during the 3rd quarter. Delta Asset Management LLC TN now owns 15,619 shares of the financial services provider’s stock worth $1,763,000 after buying an additional 1,022 shares in the last quarter. 70.12% of the stock is owned by institutional investors.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 1,150 shares of the firm’s stock in a transaction dated Friday, October 19th. The shares were acquired at an average price of $108.94 per share, for a total transaction of $125,281.00. Following the completion of the acquisition, the director now directly owns 2,632 shares of the company’s stock, valued at $286,730.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.73% of the stock is owned by company insiders.

JPMorgan Chase & Co. stock opened at $99.91 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.17. The firm has a market cap of $344.57 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 1.52 and a beta of 1.15. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.10. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. The business had revenue of $27.26 billion for the quarter, compared to analysts’ expectations of $27.20 billion. During the same quarter last year, the firm earned $1.76 earnings per share. On average, research analysts anticipate that JPMorgan Chase & Co. will post 9.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Friday, January 4th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, January 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 46.58%.

A number of brokerages have recently issued reports on JPM. Wolfe Research began coverage on JPMorgan Chase & Co. in a research note on Tuesday, September 25th. They set an “outperform” rating for the company. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Monday, September 17th. Atlantic Securities downgraded JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note on Wednesday, December 19th. Bank of America raised their price objective on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a research note on Monday, September 17th. Finally, Keefe, Bruyette & Woods downgraded JPMorgan Chase & Co. from an “overweight” rating to a “market perform” rating in a research note on Thursday, December 13th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus price target of $121.68.

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JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

Further Reading: Cost of Equity

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

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