The JPMorgan Chase & Co. (JPM) is Bremer Trust National Association’s 8th Largest Position

The JPMorgan Chase & Co. (JPM) is Bremer Trust National Association’s 8th Largest Position

Bremer Trust National Association cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,809 shares of the financial services provider’s stock after selling 1,519 shares during the period. JPMorgan Chase & Co. makes up about 1.6% of Bremer Trust National Association’s investment portfolio, making the stock its 8th largest position. Bremer Trust National Association’s holdings in JPMorgan Chase & Co. were worth $5,581,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Acrospire Investment Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at $107,000. Vigilant Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 22.1% in the second quarter. Vigilant Capital Management LLC now owns 2,079 shares of the financial services provider’s stock valued at $129,000 after buying an additional 376 shares during the last quarter. Perkins Coie Trust Co increased its stake in shares of JPMorgan Chase & Co. by 10.2% in the second quarter. Perkins Coie Trust Co now owns 2,163 shares of the financial services provider’s stock valued at $134,000 after buying an additional 200 shares during the last quarter. Physicians Financial Services Inc. increased its stake in shares of JPMorgan Chase & Co. by 12.2% in the second quarter. Physicians Financial Services Inc. now owns 2,432 shares of the financial services provider’s stock valued at $151,000 after buying an additional 265 shares during the last quarter. Finally, Barnett & Company Inc. bought a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at $156,000. 73.34% of the stock is owned by institutional investors.

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up 0.35% during trading on Friday, reaching $68.11. The company’s stock had a trading volume of 18,497,019 shares. The company has a market capitalization of $245.98 billion, a P/E ratio of 11.54 and a beta of 1.54. The company’s 50-day moving average is $66.72 and its 200-day moving average is $63.74. JPMorgan Chase & Co. has a 12 month low of $52.50 and a 12 month high of $69.03.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Thursday, July 14th. The financial services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.12. The firm earned $24.40 billion during the quarter, compared to analysts’ expectations of $23.84 billion. JPMorgan Chase & Co. had a net margin of 24.47% and a return on equity of 10.20%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.54 earnings per share. On average, analysts forecast that JPMorgan Chase & Co. will post $5.66 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis 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 32.54%.

Several equities research analysts have recently weighed in on JPM shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $73.00 target price (up previously from $71.00) on shares of JPMorgan Chase & Co. in a research report on Friday, July 15th. KeyCorp reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 12th. Jefferies Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Sunday, July 10th. Credit Suisse Group AG reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Finally, Barclays PLC reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Two investment 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. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and a consensus price target of $71.84.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 15,521 shares of the firm’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $63.97, for a total transaction of $992,878.37. Following the completion of the transaction, the insider now owns 14,938 shares in the company, valued at $955,583.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Gordon Smith sold 23,735 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $64.05, for a total transaction of $1,520,226.75. Following the transaction, the executive vice president now owns 152,462 shares of the company’s stock, valued at approximately $9,765,191.10. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

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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