Trade Report: The PARK CIRCLE Co reaches $118,000 position of JPMorgan Chase & Co. (JPM)

The PARK CIRCLE Co reaches $118,000 position  of JPMorgan Chase & Co. (JPM)

PARK CIRCLE Co maintained its position in JPMorgan Chase & Co. (NYSE:JPM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,900 shares of the financial services provider’s stock at the end of the second quarter. PARK CIRCLE Co’s holdings in JPMorgan Chase & Co. were worth $118,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nadler Financial Group Inc. boosted its position in shares of JPMorgan Chase & Co. by 0.3% in the second quarter. Nadler Financial Group Inc. now owns 5,142 shares of the financial services provider’s stock valued at $320,000 after buying an additional 14 shares in the last quarter. Evanson Asset Management LLC boosted its position in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Evanson Asset Management LLC now owns 4,969 shares of the financial services provider’s stock valued at $309,000 after buying an additional 18 shares in the last quarter. Founders Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 0.6% in the second quarter. Founders Capital Management LLC now owns 3,836 shares of the financial services provider’s stock valued at $238,000 after buying an additional 23 shares in the last quarter. Peoples Bank National Association boosted its position in shares of JPMorgan Chase & Co. by 0.5% in the first quarter. Peoples Bank National Association now owns 9,672 shares of the financial services provider’s stock valued at $572,000 after buying an additional 50 shares in the last quarter. Finally, Coastline Trust Co boosted its position in shares of JPMorgan Chase & Co. by 0.6% in the second quarter. Coastline Trust Co now owns 9,117 shares of the financial services provider’s stock valued at $567,000 after buying an additional 50 shares in the last quarter. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down 0.26% during mid-day trading on Wednesday, hitting $68.13. The stock had a trading volume of 11,899,613 shares. The stock has a market cap of $246.05 billion, a P/E ratio of 11.55 and a beta of 1.54. The firm has a 50 day moving average of $66.87 and a 200-day moving average of $63.90. JPMorgan Chase & Co. has a one year low of $52.50 and a one year high of $69.06.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 6th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Tuesday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.54%.

JPM has been the topic of several recent analyst reports. Credit Agricole SA raised their target price on shares of JPMorgan Chase & Co. from $71.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, September 23rd. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, September 20th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, September 27th. Nomura reiterated a “hold” rating and issued a $65.00 price target on shares of JPMorgan Chase & Co. in a report on Thursday, September 29th. Finally, Sandler O’Neill cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a report on Thursday, October 6th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $72.25.

In other JPMorgan Chase & Co. news, EVP Gordon Smith sold 23,735 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $64.05, for a total value of $1,520,226.75. Following the sale, the executive vice president now directly owns 152,462 shares of the company’s stock, valued at $9,765,191.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Matthew E. Zames sold 3,991 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $63.91, for a total value of $255,064.81. Following the completion of the sale, the chief operating officer now directly owns 282,287 shares in the company, valued at $18,040,962.17. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

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