JPMorgan Chase & Co. (NYSE:JPM) is First National Bank of Omaha’s 3rd Largest Position

First National Bank of Omaha decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 327,790 shares of the financial services provider’s stock after selling 3,188 shares during the period. JPMorgan Chase & Co. makes up approximately 2.0% of First National Bank of Omaha’s holdings, making the stock its 3rd largest position. First National Bank of Omaha’s holdings in JPMorgan Chase & Co. were worth $34,156,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in JPM. SevenBridge Financial Group LLC grew its position in shares of JPMorgan Chase & Co. by 1.4% during the 1st quarter. SevenBridge Financial Group LLC now owns 32,749 shares of the financial services provider’s stock valued at $3,517,000 after buying an additional 459 shares during the last quarter. Sunbelt Securities Inc. grew its position in shares of JPMorgan Chase & Co. by 3.4% during the 1st quarter. Sunbelt Securities Inc. now owns 13,919 shares of the financial services provider’s stock valued at $1,531,000 after buying an additional 462 shares during the last quarter. Cadence Bank NA grew its position in shares of JPMorgan Chase & Co. by 0.9% during the 1st quarter. Cadence Bank NA now owns 54,679 shares of the financial services provider’s stock valued at $6,013,000 after buying an additional 467 shares during the last quarter. Nwam LLC grew its position in shares of JPMorgan Chase & Co. by 3.1% during the 4th quarter. Nwam LLC now owns 15,738 shares of the financial services provider’s stock valued at $1,683,000 after buying an additional 470 shares during the last quarter. Finally, LVM Capital Management Ltd. MI grew its position in shares of JPMorgan Chase & Co. by 7.3% during the 2nd quarter. LVM Capital Management Ltd. MI now owns 6,952 shares of the financial services provider’s stock valued at $724,000 after buying an additional 475 shares during the last quarter. Institutional investors and hedge funds own 70.56% of the company’s stock.

In other news, CEO Gordon Smith sold 30,725 shares of the business’s stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $114.01, for a total transaction of $3,502,957.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.73% of the stock is owned by insiders.

JPM stock traded down $1.18 on Friday, hitting $106.95. 32,048,399 shares of the company’s stock traded hands, compared to its average volume of 14,428,502. JPMorgan Chase & Co. has a 1-year low of $94.96 and a 1-year high of $119.33. The firm has a market cap of $387.26 billion, a PE ratio of 15.57, a P/E/G ratio of 1.85 and a beta of 1.17. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 22.80% and a return on equity of 13.18%. The business had revenue of $27.26 billion for the quarter, compared to analyst estimates of $27.20 billion. During the same quarter in the previous year, the business earned $1.76 earnings per share. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 9.17 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Friday, October 5th will be issued a dividend of $0.80 per share. The ex-dividend date is Thursday, October 4th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.99%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. JPMorgan Chase & Co.’s payout ratio is currently 46.58%.

A number of brokerages recently weighed in on JPM. Vining Sparks reaffirmed a “buy” rating and set a $125.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday. Goldman Sachs Group set a $130.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Friday. Citigroup boosted their target price on shares of JPMorgan Chase & Co. from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, September 26th. Wolfe Research initiated coverage on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 25th. They set an “outperform” rating for the company. Finally, Bank of America boosted their target price on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a research note on Monday, September 17th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $121.99.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

Further Reading: Understanding Price to Earnings Ratio (PE)

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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