First PREMIER Bank Has $7.78 Million Stock Position in JPMorgan Chase & Co. $JPM

First PREMIER Bank lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,821 shares of the financial services provider’s stock after acquiring an additional 53 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.9% of First PREMIER Bank’s holdings, making the stock its 10th biggest holding. First PREMIER Bank’s holdings in JPMorgan Chase & Co. were worth $7,776,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. grew its holdings in JPMorgan Chase & Co. by 0.4% during the 1st quarter. First Command Advisory Services Inc. now owns 9,306 shares of the financial services provider’s stock valued at $2,283,000 after purchasing an additional 40 shares during the last quarter. Black Swift Group LLC grew its holdings in JPMorgan Chase & Co. by 0.7% during the 1st quarter. Black Swift Group LLC now owns 5,759 shares of the financial services provider’s stock valued at $1,413,000 after purchasing an additional 40 shares during the last quarter. Beacon Bridge Wealth Partners LLC grew its holdings in JPMorgan Chase & Co. by 1.8% during the 1st quarter. Beacon Bridge Wealth Partners LLC now owns 2,231 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 40 shares during the last quarter. Jackson Creek Investment Advisors LLC grew its holdings in JPMorgan Chase & Co. by 1.7% during the 1st quarter. Jackson Creek Investment Advisors LLC now owns 2,470 shares of the financial services provider’s stock valued at $606,000 after purchasing an additional 41 shares during the last quarter. Finally, Vawter Financial Ltd. grew its holdings in JPMorgan Chase & Co. by 1.0% during the 1st quarter. Vawter Financial Ltd. now owns 3,971 shares of the financial services provider’s stock valued at $974,000 after purchasing an additional 41 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JPM has been the topic of several analyst reports. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Friday, June 27th. TD Securities reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Bank of America boosted their price target on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, July 16th. Finally, Zacks Research lowered JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $292.78.

Insider Activity

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the transaction, the director owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.7%

NYSE:JPM opened at $312.55 on Tuesday. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $315.80. The firm has a 50 day moving average of $296.91 and a 200 day moving average of $269.93. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $859.42 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 2.09 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion during the quarter, compared to analysts’ expectations of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the company posted $6.12 earnings per share. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be issued a $1.50 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio is 28.73%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.