Wilmington Savings Fund Society FSB Has $98.83 Million Holdings in JPMorgan Chase & Co. $JPM

Wilmington Savings Fund Society FSB lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 340,891 shares of the financial services provider’s stock after selling 12,725 shares during the quarter. JPMorgan Chase & Co. comprises about 1.8% of Wilmington Savings Fund Society FSB’s investment portfolio, making the stock its 8th biggest position. Wilmington Savings Fund Society FSB’s holdings in JPMorgan Chase & Co. were worth $98,828,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of JPM. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $28,000. University of Illinois Foundation bought a new stake in JPMorgan Chase & Co. during the first quarter worth approximately $30,000. Ryan Investment Management Inc. acquired a new position in JPMorgan Chase & Co. during the second quarter valued at approximately $37,000. Christopher J. Hasenberg Inc raised its position in shares of JPMorgan Chase & Co. by 212.0% in the second quarter. Christopher J. Hasenberg Inc now owns 156 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 106 shares during the period. Finally, Goodman Advisory Group LLC acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter worth $76,000. 71.55% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the sale, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group raised their target price on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Zacks Research raised JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. The Goldman Sachs Group reissued a “buy” rating and set a $366.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 14th. Wolfe Research raised their target price on JPMorgan Chase & Co. from $342.00 to $346.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Finally, Bank of America upped their price target on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $322.27.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $300.27 on Friday. The firm has a market capitalization of $825.66 billion, a PE ratio of 14.87, a PEG ratio of 1.77 and a beta of 1.13. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $318.01. The business’s 50 day moving average is $303.43 and its 200-day moving average is $281.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.83 by $0.24. The firm had revenue of $46.43 billion during the quarter, compared to analysts’ expectations of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.JPMorgan Chase & Co.’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the business earned $4.37 earnings per share. Sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be paid a dividend of $1.50 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.72%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.