Ledyard National Bank Purchases 323 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Ledyard National Bank boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 93,940 shares of the financial services provider’s stock after purchasing an additional 323 shares during the period. JPMorgan Chase & Co. comprises about 1.5% of Ledyard National Bank’s investment portfolio, making the stock its 16th biggest position. Ledyard National Bank’s holdings in JPMorgan Chase & Co. were worth $13,663,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in JPM. Nordwand Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $30,000. Sageworth Trust Co increased its position in JPMorgan Chase & Co. by 266.7% in the 1st quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 296 shares in the last quarter. Robbins Farley increased its position in JPMorgan Chase & Co. by 54.2% in the 1st quarter. Robbins Farley now owns 475 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 167 shares in the last quarter. Miller Wealth Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $67,000. Finally, Guardian Wealth Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $70,000. 68.94% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Up 0.9 %

JPMorgan Chase & Co. stock opened at $152.82 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.90 and a quick ratio of 0.90. JPMorgan Chase & Co. has a fifty-two week low of $123.11 and a fifty-two week high of $159.38. The company’s 50 day simple moving average is $145.05 and its 200 day simple moving average is $145.20. The firm has a market capitalization of $441.80 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 1.80 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 13th. The financial services provider reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.95 by $0.38. JPMorgan Chase & Co. had a net margin of 22.79% and a return on equity of 17.97%. The firm had revenue of $40.69 billion for the quarter, compared to analyst estimates of $39.63 billion. During the same quarter in the previous year, the firm posted $3.12 earnings per share. The business’s revenue was up 24.4% on a year-over-year basis. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 16.67 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were paid a $1.05 dividend. The ex-dividend date was Thursday, October 5th. This represents a $4.20 dividend on an annualized basis and a yield of 2.75%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. JPMorgan Chase & Co.’s payout ratio is presently 25.07%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Evercore ISI raised their price objective on shares of JPMorgan Chase & Co. from $158.00 to $167.00 in a research report on Thursday, October 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $158.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, September 8th. HSBC initiated coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, September 7th. They set a “hold” rating and a $159.00 price target for the company. Piper Sandler lifted their price target on shares of JPMorgan Chase & Co. from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, October 16th. Finally, Morgan Stanley lifted their price target on shares of JPMorgan Chase & Co. from $187.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 16th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.80.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $144.86, for a total value of $624,346.60. Following the transaction, the general counsel now owns 53,425 shares of the company’s stock, valued at $7,739,145.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Profile

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, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.