JPMorgan Chase & Co. $JPM Stock Holdings Lessened by Camden National Bank

Camden National Bank lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,533 shares of the financial services provider’s stock after selling 1,198 shares during the quarter. JPMorgan Chase & Co. accounts for 2.6% of Camden National Bank’s investment portfolio, making the stock its 4th largest holding. Camden National Bank’s holdings in JPMorgan Chase & Co. were worth $17,839,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Meridian Wealth Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 1.0% during the 2nd quarter. Meridian Wealth Advisors LLC now owns 57,763 shares of the financial services provider’s stock worth $16,746,000 after acquiring an additional 574 shares during the last quarter. WealthBridge Capital Management LLC grew its position in JPMorgan Chase & Co. by 5.6% in the 2nd quarter. WealthBridge Capital Management LLC now owns 10,795 shares of the financial services provider’s stock worth $3,130,000 after purchasing an additional 573 shares in the last quarter. New World Advisors LLC increased its stake in JPMorgan Chase & Co. by 90.4% in the 2nd quarter. New World Advisors LLC now owns 4,441 shares of the financial services provider’s stock valued at $1,287,000 after buying an additional 2,109 shares during the last quarter. Northeast Planning Associates INC. NH bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $221,000. Finally, Bowen Hanes & Co. Inc. boosted its stake in shares of JPMorgan Chase & Co. by 1.6% in the 2nd quarter. Bowen Hanes & Co. Inc. now owns 281,884 shares of the financial services provider’s stock worth $81,721,000 after buying an additional 4,450 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Robin Leopold sold 966 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $311.92, for a total transaction of $301,314.72. Following the sale, the insider owned 58,479 shares of the company’s stock, valued at approximately $18,240,769.68. This represents a 1.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the transaction, the director owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their position. The SEC filing for this sale provides additional information. 0.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $343.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 14th. KGI Securities lifted their target price on JPMorgan Chase & Co. from $300.00 to $315.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Loop Capital set a $310.00 price target on shares of JPMorgan Chase & Co. in a report on Thursday, October 23rd. DZ Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 15th. Finally, Zacks Research cut shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Fifteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus target price of $326.38.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $313.26 on Friday. The firm has a market capitalization of $852.78 billion, a PE ratio of 15.52, a P/E/G ratio of 1.84 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average price of $306.89 and a two-hundred day moving average price of $293.25. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $322.25.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.83 by $0.24. The company had revenue of $47.12 billion for the quarter, compared to analyst estimates of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.37 earnings per share. Equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were given 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 dividend yield of 1.9%. The ex-dividend date was Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) 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.