JPMorgan Chase & Co. $JPM Stock Holdings Cut by First National Advisers LLC

First National Advisers LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 53,386 shares of the financial services provider’s stock after selling 2,759 shares during the period. JPMorgan Chase & Co. comprises approximately 2.4% of First National Advisers LLC’s investment portfolio, making the stock its 8th largest position. First National Advisers LLC’s holdings in JPMorgan Chase & Co. were worth $17,202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Legal & General Group Plc raised its holdings in JPMorgan Chase & Co. by 3.3% in the 3rd quarter. Legal & General Group Plc now owns 18,908,978 shares of the financial services provider’s stock valued at $5,964,459,000 after buying an additional 607,025 shares during the period. Fisher Asset Management LLC raised its holdings in JPMorgan Chase & Co. by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 15,722,443 shares of the financial services provider’s stock valued at $4,959,330,000 after buying an additional 347,033 shares during the period. Invesco Ltd. raised its holdings in JPMorgan Chase & Co. by 2.3% in the 3rd quarter. Invesco Ltd. now owns 14,655,153 shares of the financial services provider’s stock valued at $4,622,675,000 after buying an additional 322,735 shares during the period. Boston Partners raised its holdings in JPMorgan Chase & Co. by 2.3% in the 3rd quarter. Boston Partners now owns 7,492,763 shares of the financial services provider’s stock valued at $2,360,045,000 after buying an additional 168,184 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in JPMorgan Chase & Co. by 0.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,809,417 shares of the financial services provider’s stock worth $2,147,894,000 after purchasing an additional 31,421 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Jeremy Barnum sold 5,611 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $306.55, for a total transaction of $1,720,052.05. Following the completion of the transaction, the chief financial officer directly owned 35,460 shares of the company’s stock, valued at approximately $10,870,263. The trade was a 13.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jennifer Piepszak sold 9,136 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $306.56, for a total value of $2,800,732.16. Following the transaction, the chief operating officer directly owned 90,001 shares of the company’s stock, valued at approximately $27,590,706.56. This represents a 9.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 28,589 shares of company stock valued at $8,747,496. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of recent research reports. Jefferies Financial Group reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Monday, May 4th. Argus boosted their price target on shares of JPMorgan Chase & Co. from $340.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Daiwa Securities Group cut their price target on shares of JPMorgan Chase & Co. from $340.00 to $328.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Evercore boosted their price target on shares of JPMorgan Chase & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, February 24th. Fifteen equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $339.08.

JPMorgan Chase & Co. Stock Up 2.1%

Shares of NYSE:JPM opened at $302.04 on Thursday. JPMorgan Chase & Co. has a 1 year low of $256.00 and a 1 year high of $337.25. The firm has a market capitalization of $809.32 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 1.44 and a beta of 1.03. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.86 and a quick ratio of 0.86. The firm’s 50-day moving average is $300.18 and its two-hundred day moving average is $307.20.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $5.94 EPS for the quarter, topping analysts’ consensus estimates of $5.50 by $0.44. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.The business had revenue of $50.54 billion during the quarter, compared to the consensus estimate of $48.30 billion. During the same period in the previous year, the company posted $5.07 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. Analysts predict that JPMorgan Chase & Co. will post 22.43 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. JPMorgan Chase & Co.’s payout ratio is currently 28.74%.

More JPMorgan Chase & Co. News

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: JPMorgan Chase reported a strong quarterly earnings beat recently, with revenue and EPS both topping analyst expectations, reinforcing confidence in the bank’s operating strength and valuation.
• Positive Sentiment: The company declared a quarterly dividend of $1.50 per share, underscoring its capital-return profile and continued appeal to income-focused investors.
• Positive Sentiment: JPMorganChase said its Chase digital retail bank is officially opening in Germany, highlighting ongoing international expansion and a new growth avenue in European consumer banking.
• Positive Sentiment: JPMorgan is also set to present at the Morgan Stanley U.S. Financials Conference in June, which keeps the stock in focus and may offer further commentary on business trends and strategy. Article Title
• Neutral Sentiment: An executive stock sale by General Counsel Stacey Friedman was disclosed, but it was executed under a pre-arranged Rule 10b5-1 trading plan, which usually limits how much investors read into the transaction.
• Neutral Sentiment: Several articles referenced JPMorgan research and conference appearances, but these are mostly informational and do not appear to be direct stock-moving catalysts on their own.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.