Landmark Bank Acquires 161 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Landmark Bank increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,461 shares of the financial services provider’s stock after buying an additional 161 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.3% of Landmark Bank’s holdings, making the stock its 13th biggest holding. Landmark Bank’s holdings in JPMorgan Chase & Co. were worth $3,517,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Thoroughbred Financial Services LLC increased its stake in shares of JPMorgan Chase & Co. by 11,601.0% in the second quarter. Thoroughbred Financial Services LLC now owns 4,973,970 shares of the financial services provider’s stock valued at $497,397,000 after buying an additional 4,931,461 shares during the period. Bessemer Group Inc. boosted its holdings in JPMorgan Chase & Co. by 179.6% in the second quarter. Bessemer Group Inc. now owns 3,508,417 shares of the financial services provider’s stock worth $392,240,000 after acquiring an additional 2,253,764 shares in the last quarter. Royal London Asset Management Ltd. bought a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $182,400,000. ADAMCAPITAL Gestao de Recursos Ltda. boosted its holdings in JPMorgan Chase & Co. by 32.0% in the fourth quarter. ADAMCAPITAL Gestao de Recursos Ltda. now owns 2,598,267 shares of the financial services provider’s stock worth $253,643,000 after acquiring an additional 629,580 shares in the last quarter. Finally, Capital Wealth Planning LLC boosted its holdings in JPMorgan Chase & Co. by 1,070.4% in the second quarter. Capital Wealth Planning LLC now owns 665,018 shares of the financial services provider’s stock worth $74,349,000 after acquiring an additional 608,198 shares in the last quarter. Hedge funds and other institutional investors own 72.31% of the company’s stock.

Several research analysts have issued reports on the company. Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Royal Bank of Canada reiterated a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 16th. Deutsche Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, June 28th. Wells Fargo & Co set a $125.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Morgan Stanley set a $122.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $121.94.

In related news, EVP Peter Scher sold 10,816 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $115.00, for a total transaction of $1,243,840.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mellody L. Hobson purchased 18,200 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $109.91 per share, for a total transaction of $2,000,362.00. Following the completion of the acquisition, the director now directly owns 7,804 shares of the company’s stock, valued at approximately $857,737.64. The disclosure for this purchase can be found here. 0.76% of the stock is owned by company insiders.

JPM stock opened at $108.61 on Thursday. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $119.24. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.22. The stock’s 50 day moving average is $112.30 and its 200-day moving average is $108.95. The firm has a market capitalization of $347.53 billion, a PE ratio of 12.07, a P/E/G ratio of 1.56 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The company had revenue of $28.83 billion for the quarter, compared to analyst estimates of $28.52 billion. During the same quarter last year, the company earned $2.29 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 9.91 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Company 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 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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