Nottingham Advisors Inc. Buys Shares of 1,879 JPMorgan Chase & Co. (NYSE:JPM)

Nottingham Advisors Inc. bought a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,879 shares of the financial services provider’s stock, valued at approximately $210,000.

A number of other institutional investors also recently added to or reduced their stakes in JPM. Navellier & Associates Inc boosted its position in shares of JPMorgan Chase & Co. by 4.8% during the 2nd quarter. Navellier & Associates Inc now owns 2,181 shares of the financial services provider’s stock valued at $244,000 after purchasing an additional 100 shares in the last quarter. Sabal Trust CO boosted its position in shares of JPMorgan Chase & Co. by 2.3% during the 2nd quarter. Sabal Trust CO now owns 254,311 shares of the financial services provider’s stock valued at $28,432,000 after purchasing an additional 5,836 shares in the last quarter. Tompkins Financial Corp boosted its position in shares of JPMorgan Chase & Co. by 2.0% during the 2nd quarter. Tompkins Financial Corp now owns 55,987 shares of the financial services provider’s stock valued at $6,259,000 after purchasing an additional 1,107 shares in the last quarter. M. Kraus & Co boosted its position in shares of JPMorgan Chase & Co. by 9.9% during the 2nd quarter. M. Kraus & Co now owns 6,305 shares of the financial services provider’s stock valued at $705,000 after purchasing an additional 569 shares in the last quarter. Finally, Hayek Kallen Investment Management boosted its position in shares of JPMorgan Chase & Co. by 14.2% during the 2nd quarter. Hayek Kallen Investment Management now owns 15,558 shares of the financial services provider’s stock valued at $1,739,000 after purchasing an additional 1,931 shares in the last quarter. 71.57% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have commented 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, May 14th. HSBC set a $102.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a report on Thursday, April 4th. Credit Suisse Group raised their target price on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $124.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $117.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $122.94.

Shares of JPM stock traded down $0.77 during trading on Friday, hitting $112.17. 686,365 shares of the company were exchanged, compared to its average volume of 9,773,236. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 1.00. The company has a market capitalization of $366.37 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 1.66 and a beta of 1.15. The business’s 50-day moving average is $112.89. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.50 by $0.32. The business had revenue of $28.83 billion during the quarter, compared to analysts’ expectations of $28.52 billion. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.41%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $2.29 earnings per share. On average, equities analysts predict that JPMorgan Chase & Co. will post 9.92 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.85%. The ex-dividend date was Wednesday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

In related news, insider Lori A. Beer sold 13,341 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the transaction, the insider now owns 10,130 shares of the company’s stock, valued at $1,157,656.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Peter Scher sold 10,816 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,243,840.00. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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