Savings bank

JPMorgan Chase & Co. (NYSE:JPM) Holdings boosted by Piscataqua Savings Bank


Piscataqua Savings Bank increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 24.8% during the 1st quarter, according to the company in its latest filing with the SEC. The institutional investor held 28,143 shares of the financial services provider after purchasing an additional 5,588 shares during the period. JPMorgan Chase & Co. accounts for 2.7% of Piscataqua Savings Bank’s investment portfolio, making the stock its 8th largest holding. Piscataqua Savings Bank’s holdings in JPMorgan Chase & Co. were worth $3,836,000 at the end of the last reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Holloway Wealth Management LLC increased its position in JPMorgan Chase & Co. by 22.7% in Q1. Holloway Wealth Management LLC now owns 1,350 shares of the financial services provider worth $184,000 after buying an additional 250 shares in the last quarter. PDS Planning Inc increased its position in JPMorgan Chase & Co. by 9.7% in the 1st quarter. PDS Planning Inc now owns 28,307 shares of the financial services provider worth $3,859,000 after buying an additional 2,513 shares last quarter. Adams Chetwood Wealth Management LLC increased its position in JPMorgan Chase & Co. by 4.2% in Q1. Adams Chetwood Wealth Management LLC now owns 4,033 shares of the financial services provider worth $550,000 after buying 161 additional shares in the last quarter. Cerro Pacific Wealth Advisors LLC increased its position in JPMorgan Chase & Co. by 8.1% in the 1st quarter. Cerro Pacific Wealth Advisors LLC now owns 7,052 shares of the financial services provider worth $961,000 after buying an additional 529 shares last quarter. Finally, IFM Investors Pty Ltd increased its position in JPMorgan Chase & Co. by 19.5% in the 1st quarter. IFM Investors Pty Ltd now owns 474,403 shares of the financial services provider worth $64,671,000 after buying an additional 77,353 shares in the last quarter. Hedge funds and other institutional investors hold 70.35% of the company’s shares.

In other news, insider Ashley Bacon sold 21,012 shares of the company in a trade dated Tuesday, April 19. The shares were sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the completion of the transaction, the insider now owns 178,588 shares of the company, valued at $23,223,583.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Additionally, CEO Jennifer Piepszak sold 4,668 shares of the company in a trade dated Thursday, April 14. The shares were sold at an average price of $126.19, for a total transaction of $589,054.92. As a result of the transaction, the CEO now directly owns 11,135 shares of the company, valued at approximately $1,405,125.65. The disclosure of this sale can be found here. 0.79% of the shares are currently held by company insiders.

Shares of JPMorgan Chase & Co. opened at $115.30 on Thursday. The company has a market capitalization of $338.64 billion, a price/earnings ratio of 8.55, a P/E/G ratio of 2.09 and a beta of 1.11. The company has a debt ratio of 1.16, a current ratio of 0.82 and a quick ratio of 0.82. JPMorgan Chase & Co. has a fifty-two week low of $111.48 and a fifty-two week high of $172.96. The company has a fifty-day moving average price of $122.07 and a two-hundred-day moving average price of $138.24.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last reported results on Wednesday, April 13. The financial services provider reported earnings per share of $2.63 for the quarter, missing analyst consensus estimates of $2.73 per ($0.10). The company posted revenue of $30.72 billion for the quarter, versus analyst estimates of $30.53 billion. JPMorgan Chase & Co. achieved a return on equity of 16.58% and a net margin of 33.61%. The company’s revenue was down 4.8% year over year. During the same period of the previous year, the company achieved EPS of $4.50. As a group, sell-side analysts expect JPMorgan Chase & Co. to post earnings per share of 11.23 for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, July 31. Shareholders of record on Wednesday, July 6 will receive a dividend of $1.00 per share. This represents a dividend of $4.00 on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Tuesday, July 5. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.67%.

Several equity analysts have recently commented on the stock. Royal Bank of Canada set a price target of $175.00 on JPMorgan Chase & Co. shares and gave the company an “outperform” rating in a Thursday, April 14, report. Keefe, Bruyette & Woods restated a ‘market performance’ rating and set a price target of $148.00 (vs. $142.00) on JPMorgan Chase & Co. shares in a Tuesday, May 24 report . Wells Fargo & Company raised its price target on JPMorgan Chase & Co. stock from $145.00 to $150.00 and gave the company an “equal weight” rating in a Tuesday, May 24 report. Societe Generale upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised its price target for the company from $145.00 to $150.00 in a Tuesday report May 24. Finally, Piper Sandler raised her price target on JPMorgan Chase & Co. shares from $165.00 to $170.00 and gave the company an “overweight” rating in a Thursday, April 14 report. One analyst rated the stock with a sell rating, eight issued a hold rating and eight assigned the company a buy rating. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus price target of $161.67.

JPMorgan Chase & Co. Company Profile (Get an assessment)

JPMorgan Chase & Co operates as a worldwide financial services company. 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 consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.

See also

Want to see what other hedge funds hold JPM? Visit HoldingsChannel.com for the latest 13F filings and insider trading for JPMorgan Chase & Co. (NYSE:JPM – Get Rating).

Institutional ownership by quarter for JPMorgan Chase & Co. (NYSE: JPM)



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