Enterprise Bank & Trust Co Acquires 82 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Enterprise Bank & Trust Co grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,148 shares of the financial services provider’s stock after acquiring an additional 82 shares during the period. JPMorgan Chase & Co. accounts for approximately 2.0% of Enterprise Bank & Trust Co’s holdings, making the stock its 14th largest position. Enterprise Bank & Trust Co’s holdings in JPMorgan Chase & Co. were worth $5,895,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Princeton Global Asset Management LLC raised its stake in JPMorgan Chase & Co. by 0.9% in the fourth quarter. Princeton Global Asset Management LLC now owns 60,513 shares of the financial services provider’s stock valued at $10,293,000 after buying an additional 535 shares during the period. Insight Inv LLC lifted its holdings in JPMorgan Chase & Co. by 0.5% during the 4th quarter. Insight Inv LLC now owns 14,046 shares of the financial services provider’s stock valued at $2,389,000 after purchasing an additional 75 shares during the last quarter. Bell Bank lifted its holdings in JPMorgan Chase & Co. by 3.9% during the 4th quarter. Bell Bank now owns 16,192 shares of the financial services provider’s stock valued at $2,754,000 after purchasing an additional 602 shares during the last quarter. My Personal CFO LLC boosted its position in JPMorgan Chase & Co. by 4.0% during the fourth quarter. My Personal CFO LLC now owns 2,999 shares of the financial services provider’s stock worth $510,000 after purchasing an additional 116 shares during the period. Finally, Black Swift Group LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $3,115,000. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the transaction, the general counsel now owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the transaction, the insider now owns 212,265 shares of the company’s stock, valued at approximately $42,355,358.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the transaction, the general counsel now owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The disclosure for this sale can be found here. Insiders have sold a total of 29,533 shares of company stock worth $5,907,336 over the last 90 days. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock traded up $0.06 on Wednesday, reaching $200.40. 9,115,523 shares of the stock were exchanged, compared to its average volume of 9,326,985. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. The firm has a market cap of $575.48 billion, a PE ratio of 11.18, a P/E/G ratio of 2.42 and a beta of 1.12. The firm’s 50 day moving average is $203.42 and its 200-day moving average is $193.77. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $217.56.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data 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 the consensus estimate 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 previous year, the business earned $4.37 earnings per share. As a group, analysts anticipate that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on JPM shares. Citigroup raised their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Piper Sandler increased their target price on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Tuesday, July 9th. Finally, Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $205.71.

About JPMorgan Chase & Co.

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.