First National Corp MA ADV Reduces Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

First National Corp MA ADV lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,190 shares of the financial services provider’s stock after selling 228 shares during the quarter. First National Corp MA ADV’s holdings in JPMorgan Chase & Co. were worth $884,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Eagle Wealth Strategies LLC increased its holdings in JPMorgan Chase & Co. by 0.6% during the 3rd quarter. Eagle Wealth Strategies LLC now owns 9,032 shares of the financial services provider’s stock valued at $1,904,000 after acquiring an additional 55 shares in the last quarter. Barlow Wealth Partners Inc. grew its holdings in JPMorgan Chase & Co. by 0.5% during the 3rd quarter. Barlow Wealth Partners Inc. now owns 79,230 shares of the financial services provider’s stock valued at $16,712,000 after buying an additional 383 shares during the last quarter. Connective Portfolio Management LLC increased its position in JPMorgan Chase & Co. by 11.0% during the third quarter. Connective Portfolio Management LLC now owns 10,080 shares of the financial services provider’s stock worth $2,125,000 after buying an additional 1,000 shares in the last quarter. Perkins Coie Trust Co raised its holdings in shares of JPMorgan Chase & Co. by 1.0% in the third quarter. Perkins Coie Trust Co now owns 22,652 shares of the financial services provider’s stock worth $4,776,000 after acquiring an additional 222 shares during the last quarter. Finally, First PREMIER Bank lifted its position in shares of JPMorgan Chase & Co. by 3.6% in the third quarter. First PREMIER Bank now owns 27,661 shares of the financial services provider’s stock valued at $5,833,000 after acquiring an additional 962 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on JPM shares. BMO Capital Markets raised their price target on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Finally, Jefferies Financial Group upped their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $212.13.

JPMorgan Chase & Co. Stock Up 0.4 %

Shares of JPM traded up $0.83 during mid-day trading on Wednesday, reaching $211.58. 1,079,909 shares of the stock traded hands, compared to its average volume of 9,076,942. The stock has a fifty day simple moving average of $211.21 and a 200 day simple moving average of $203.32. The firm has a market cap of $607.59 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 2.39 and a beta of 1.11. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $225.48. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.19 by $1.93. The company had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period in the previous year, the business earned $4.37 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 16.72 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Friday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.89%.

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