Fulton Bank N.A. Grows Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Fulton Bank N.A. boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,236 shares of the financial services provider’s stock after purchasing an additional 3,067 shares during the quarter. Fulton Bank N.A.’s holdings in JPMorgan Chase & Co. were worth $11,374,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of JPM. Stone House Investment Management LLC increased its position in JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 89 shares during the last quarter. Retirement Group LLC increased its position in JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 109 shares during the last quarter. Richardson Capital Management LLC bought a new position in JPMorgan Chase & Co. during the first quarter valued at $34,000. Bare Financial Services Inc bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at $35,000. Finally, Partnership Wealth Management LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at $36,000. Institutional investors own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Mary E. Erdoes sold 15,895 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total value of $3,078,225.70. Following the completion of the transaction, the chief executive officer now directly owns 585,898 shares of the company’s stock, valued at approximately $113,465,006.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Mary E. Erdoes sold 15,895 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total value of $3,078,225.70. Following the completion of the transaction, the chief executive officer now directly owns 585,898 shares of the company’s stock, valued at approximately $113,465,006.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total transaction of $984,853.04. Following the transaction, the insider now directly owns 217,351 shares of the company’s stock, valued at $42,087,847.64. The disclosure for this sale can be found here. Insiders sold 50,514 shares of company stock valued at $9,970,414 in the last three months. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Up 2.8 %

JPMorgan Chase & Co. stock traded up $5.38 during midday trading on Tuesday, hitting $200.28. 10,600,777 shares of the company’s stock were exchanged, compared to its average volume of 9,327,682. The company has a market cap of $575.14 billion, a PE ratio of 11.17, a P/E/G ratio of 2.42 and a beta of 1.12. The firm has a 50-day moving average of $203.36 and a two-hundred day moving average of $193.51. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $217.56. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating the consensus estimate of $4.19 by $1.93. The business had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same period in the prior year, the firm posted $4.37 earnings per share. As a group, analysts expect that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 25.66%.

Analysts Set New Price Targets

A number of research firms have weighed in on JPM. Keefe, Bruyette & Woods boosted their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Tuesday, July 9th. Oppenheimer upped their price target on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Royal Bank of Canada restated an “outperform” rating and issued a $211.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Evercore ISI upped their price target on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

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.