Tompkins Financial Corp raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 55,528 shares of the financial services provider’s stock after acquiring an additional 994 shares during the period. JPMorgan Chase & Co. makes up approximately 1.3% of Tompkins Financial Corp’s holdings, making the stock its 16th biggest position. Tompkins Financial Corp’s holdings in JPMorgan Chase & Co. were worth $6,266,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Quad Cities Investment Group LLC purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at approximately $124,000. O Brien Wealth Partners LLC grew its holdings in JPMorgan Chase & Co. by 1,120.9% during the 3rd quarter. O Brien Wealth Partners LLC now owns 1,111 shares of the financial services provider’s stock valued at $125,000 after buying an additional 1,020 shares in the last quarter. Ballew Advisors Inc grew its holdings in JPMorgan Chase & Co. by 104.2% during the 2nd quarter. Ballew Advisors Inc now owns 1,213 shares of the financial services provider’s stock valued at $126,000 after buying an additional 619 shares in the last quarter. Kwmg LLC purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at approximately $158,000. Finally, TradeLink Capital LLC purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at approximately $179,000. Institutional investors and hedge funds own 70.12% of the company’s stock.
In other news, Director Mellody L. Hobson purchased 1,150 shares of the business’s stock in a transaction dated Friday, October 19th. The shares were purchased at an average price of $108.94 per share, for a total transaction of $125,281.00. Following the completion of the purchase, the director now owns 2,632 shares in the company, valued at approximately $286,730.08. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.73% of the company’s stock.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, beating the consensus estimate of $2.24 by $0.10. The firm had revenue of $27.26 billion for the quarter, compared to analyst estimates of $27.20 billion. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. During the same quarter last year, the firm posted $1.76 earnings per share. Sell-side analysts predict that JPMorgan Chase & Co. will post 9.22 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Friday, January 4th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, January 3rd. This represents a $3.20 annualized dividend and a dividend yield of 3.24%. JPMorgan Chase & Co.’s dividend payout ratio is currently 46.58%.
JPM has been the subject of a number of research reports. Vining Sparks reiterated a “buy” rating and set a $125.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday, October 12th. Jefferies Financial Group downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 target price for the company. in a research report on Tuesday, January 8th. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th. Wells Fargo & Co set a $130.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Thursday, November 15th. Finally, Goldman Sachs Group set a $130.00 target price on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Friday, October 12th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $121.68.
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JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.
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