Today, Oakworth Capital Inc. Buys 6,105 Shares of JPMorgan Chase & Co. (JPM)

Today, Oakworth Capital Inc. Buys 6,105 Shares of JPMorgan Chase & Co. (JPM)
Oakworth Capital Inc. raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 84,872 shares of the financial services provider’s stock after buying an additional 6,105 shares during the period. JPMorgan Chase & Co. makes up approximately 2.0% of Oakworth Capital Inc.’s holdings, making the stock its 11th largest position. Oakworth Capital Inc.’s holdings in JPMorgan Chase & Co. were worth $5,652,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of JPM. Thomaspartners Inc. increased its position in JPMorgan Chase & Co. by 2.8% in the first quarter. Thomaspartners Inc. now owns 2,209,051 shares of the financial services provider’s stock worth $130,820,000 after buying an additional 59,821 shares in the last quarter. CIBC World Markets Inc. increased its position in JPMorgan Chase & Co. by 4.6% in the second quarter. CIBC World Markets Inc. now owns 602,402 shares of the financial services provider’s stock worth $37,433,000 after buying an additional 26,543 shares in the last quarter. Marathon Asset Management LLP increased its position in JPMorgan Chase & Co. by 1.9% in the second quarter. Marathon Asset Management LLP now owns 398,477 shares of the financial services provider’s stock worth $24,763,000 after buying an additional 7,247 shares in the last quarter. Lourd Capital LLC increased its position in JPMorgan Chase & Co. by 15.0% in the second quarter. Lourd Capital LLC now owns 10,661 shares of the financial services provider’s stock worth $662,000 after buying an additional 1,389 shares in the last quarter. Finally, Raymond James Trust N.A. increased its position in JPMorgan Chase & Co. by 4.2% in the second quarter. Raymond James Trust N.A. now owns 263,857 shares of the financial services provider’s stock worth $16,396,000 after buying an additional 10,699 shares in the last quarter. 73.30% of the stock is currently owned by institutional investors.

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down 0.04% during trading on Friday, reaching $78.83. 6,185,719 shares of the company’s stock were exchanged. The stock has a market capitalization of $282.04 billion, a PE ratio of 13.60 and a beta of 1.51. The company’s 50-day moving average is $71.70 and its 200 day moving average is $66.33. JPMorgan Chase & Co. has a 52 week low of $52.50 and a 52 week high of $80.44.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.19. The firm earned $25.50 billion during the quarter. JPMorgan Chase & Co. had a net margin of 22.92% and a return on equity of 10.47%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.54 EPS. On average, analysts forecast that JPMorgan Chase & Co. will post $5.88 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Thursday, October 6th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Tuesday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.10%.

A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, November 15th. Vetr cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating and set a $71.84 target price for the company. in a report on Monday, November 14th. Robert W. Baird cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $70.03 to $72.00 in a report on Wednesday, November 9th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $78.00 price objective on shares of JPMorgan Chase & Co. in a report on Thursday, November 3rd. Finally, reaffirmed a “buy” rating and issued a $79.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, October 18th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $72.43.

In other JPMorgan Chase & Co. news, CFO Marianne Lake sold 14,083 shares of the business’s stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $67.26, for a total transaction of $947,222.58. Following the sale, the chief financial officer now owns 16,581 shares in the company, valued at approximately $1,115,238.06. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mary E. Erdoes sold 25,542 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $67.26, for a total value of $1,717,954.92. Following the transaction, the chief executive officer now directly owns 291,080 shares in the company, valued at approximately $19,578,040.80. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by company insiders.

About JPMorgan Chase & Co.

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