Trade Report: The Kanaly Trust Co sells partial stakes of JPMorgan Chase & Co. (JPM)

The Kanaly Trust Co sells partial stakes of JPMorgan Chase & Co. (JPM)

Kanaly Trust Co decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,168 shares of the financial services provider’s stock after selling 269 shares during the period. Kanaly Trust Co’s holdings in JPMorgan Chase & Co. were worth $1,315,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nadler Financial Group Inc. increased its position in 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 worth $320,000 after buying an additional 14 shares during the period. Evanson Asset Management LLC increased its position in 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 worth $309,000 after buying an additional 18 shares during the period. Founders Capital Management LLC increased its position in 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 worth $238,000 after buying an additional 23 shares during the period. Peoples Bank National Association increased its position in 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 worth $572,000 after buying an additional 50 shares during the period. Finally, Coastline Trust Co increased its position in 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 worth $567,000 after buying an additional 50 shares during the period. 73.34% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. (NYSE:JPM) traded down 0.32% during mid-day trading on Friday, hitting $67.52. The company had a trading volume of 24,163,776 shares. The stock has a 50 day moving average price of $67.03 and a 200-day moving average price of $64.01. The stock has a market capitalization of $243.85 billion, a PE ratio of 11.44 and a beta of 1.54. JPMorgan Chase & Co. has a 1-year low of $52.50 and a 1-year high of $69.06.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.19. JPMorgan Chase & Co. had a net margin of 24.47% and a return on equity of 10.20%. The company had revenue of $25.50 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same period in the prior year, the company posted $1.54 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts forecast that JPMorgan Chase & Co. will post $5.66 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.92 dividend on an annualized basis and a yield of 2.84%. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.54%.

Several analysts have recently commented on JPM shares. Jefferies Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Sunday, July 10th. Credit Suisse Group AG reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Wells Fargo & Co. reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Barclays PLC reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $74.00 price objective (down from $77.00) on shares of JPMorgan Chase & Co. in a research note on Sunday, July 17th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $72.25.

JPMorgan Chase & Co. Company Profile

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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