Sandy Spring Bank buys 3,679 shares of JPMorgan Chase & Co. (NYSE: JPM)

Sandy Spring Bank added to its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% in the first quarter, Holdings reports. The institutional investor owned 183,207 shares of the financial services provider after purchasing an additional 3,679 shares during the period. JPMorgan Chase & Co. accounts for 1.3% of Sandy Spring Bank’s holdings, making the stock its 14th largest holding. Sandy Spring Bank’s holdings in JPMorgan Chase & Co. were worth $24,975,000 at the end of the last quarter.

Other hedge funds also bought and sold shares of the company. Joseph Group Capital Management bought a new position in JPMorgan Chase & Co. during the fourth quarter worth $1,353,000. Evolution Advisers Inc. bought a new stake in JPMorgan Chase & Co. in the fourth quarter for $52,000. Leverty Financial Group LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth $54,000. Delos Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. by 13,433.3% in the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider valued at $64,000 after buying 403 additional shares in the last quarter. Finally, Landmark Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. in the first quarter valued at $46,000. Institutional investors hold 70.35% of the company’s shares.

JPMorgan Chase & Co. stock performance

NYSE:JPM opened at $115.36 on Friday. The company has a debt ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.82. The company has a fifty-day simple moving average of $118.40 and a two-hundred-day simple moving average of $130.84. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96. The company has a market capitalization of $338.82 billion, a P/E ratio of 9.26, a P/E/G ratio of 2.05 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPMGet a rating) last reported results on Thursday, July 14. The financial services provider reported earnings per share (EPS) of $2.76 for the quarter, meeting analyst consensus estimates of $2.76. JPMorgan Chase & Co. achieved a return on equity of 15.29% and a net margin of 30.41%. The company posted revenue of $30.72 billion in the quarter, versus a consensus estimate of $31.82 billion. During the same period last year, the company posted earnings per share of $3.78. The company’s revenue for the quarter increased 0.8% year over year. On average, analysts expect JPMorgan Chase & Co. to post earnings per share of 11.23 for the current year.

JPMorgan Chase & Co. dividend announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, July 31. Shareholders of record on Wednesday, July 6 will receive a dividend of $1.00. This represents a dividend of $4.00 on an annualized basis and a yield of 3.47%. The ex-dividend date is Tuesday, July 5. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.10%.

Analyst upgrades and downgrades

Several equity research analysts weighed in on the stock. Goldman Sachs Group has set a price target of $151.00 on JPMorgan Chase & Co. shares and assigned the company a “buy” rating in a Thursday, April 14 research note. UBS Group lowered its price target on JPMorgan Chase & Co. shares from $134.00 to $126.00 and set a “buy” rating for the company in a Friday, July 15 research note . Argus cut its price target on JPMorgan Chase & Co. shares from $177.00 to $155.00 in a Thursday, April 14 report. BMO Capital Markets raised its price target on JPMorgan Chase & Co. from $150.00 to $156.00 in a Tuesday, May 24 report. Finally, Oppenheimer lowered his price target on JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating on the stock in a Friday, July 15 report. One stock research analyst gave the stock a sell rating, eight gave the company a hold rating and nine gave the company a buy rating. According to data from, the company currently has a consensus rating of “Hold” and a consensus target price of $145.95.

JPMorgan Chase & Co. Company Profile

(Get a rating)

JPMorgan Chase & Co operates as a worldwide financial services company. 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 s deposit, investment and lending products, payments and consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.

Featured articles

Want to see what other hedge funds hold JPM? Visit to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMGet a rating).

Institutional ownership by quarter for JPMorgan Chase & Co. (NYSE: JPM)

Get news and reviews for JPMorgan Chase & Co. Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for JPMorgan Chase & Co. and related companies with’s free daily email newsletter.