Community Trust & Investment Co. Has $22.12 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Community Trust & Investment Co. lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 196,411 shares of the financial services provider’s stock after buying an additional 7,990 shares during the period. JPMorgan Chase & Co. makes up approximately 2.0% of Community Trust & Investment Co.’s investment portfolio, making the stock its 10th biggest position. Community Trust & Investment Co.’s holdings in JPMorgan Chase & Co. were worth $22,118,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Sandy Cove Advisors LLC increased its holdings in JPMorgan Chase & Co. by 8.5% in the first quarter. Sandy Cove Advisors LLC now owns 4,137 shares of the financial services provider’s stock valued at $564,000 after purchasing an additional 324 shares during the period. Clarity Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. by 10.2% in the 1st quarter. Clarity Wealth Advisors LLC now owns 20,997 shares of the financial services provider’s stock valued at $2,862,000 after buying an additional 1,944 shares during the last quarter. Financial Strategies Group Inc. increased its stake in JPMorgan Chase & Co. by 20.0% in the 1st quarter. Financial Strategies Group Inc. now owns 5,500 shares of the financial services provider’s stock valued at $750,000 after buying an additional 916 shares during the last quarter. Alpha Omega Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 1.5% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 37,664 shares of the financial services provider’s stock valued at $5,134,000 after buying an additional 557 shares during the last quarter. Finally, Cordant Inc. purchased a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $47,000. 68.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on JPM shares. Jefferies Financial Group set a $117.00 target price on JPMorgan Chase & Co. in a research report on Monday, September 12th. UBS Group reduced their target price on JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating for the company in a research report on Friday, July 15th. Credit Suisse Group set a $145.00 target price on JPMorgan Chase & Co. in a research report on Monday, August 8th. Morgan Stanley dropped their price target on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a research note on Tuesday, July 12th. Finally, Wells Fargo & Company dropped their price target on JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating for the company in a research note on Thursday, July 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $145.95.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $111.21 on Friday. The company’s 50 day moving average is $116.09 and its 200 day moving average is $122.16. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.14. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96. The firm has a market cap of $326.13 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 2.04 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.09). The company had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. JPMorgan Chase & Co.’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the firm earned $3.78 earnings per share. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 11.33 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be given a $1.00 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.60%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.10%.

About JPMorgan Chase & Co.

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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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

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

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