Wellington Shields & Co. LLC Decreases Stock Holdings in JPMorgan Chase & Co. $JPM

Wellington Shields & Co. LLC lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 47,531 shares of the financial services provider’s stock after selling 1,777 shares during the quarter. JPMorgan Chase & Co. comprises 3.8% of Wellington Shields & Co. LLC’s investment portfolio, making the stock its 3rd largest position. Wellington Shields & Co. LLC’s holdings in JPMorgan Chase & Co. were worth $15,315,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Themes Management Co LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth $1,116,000. Diversified Portfolios Inc. increased its stake in shares of JPMorgan Chase & Co. by 6.9% in the 4th quarter. Diversified Portfolios Inc. now owns 4,885 shares of the financial services provider’s stock valued at $1,574,000 after buying an additional 315 shares during the period. Sterling Investment Advisors Ltd. raised its position in shares of JPMorgan Chase & Co. by 1.2% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 24,392 shares of the financial services provider’s stock worth $7,860,000 after acquiring an additional 284 shares during the last quarter. Harbour Investments Inc. raised its position in shares of JPMorgan Chase & Co. by 12.6% during the fourth quarter. Harbour Investments Inc. now owns 43,374 shares of the financial services provider’s stock worth $13,976,000 after acquiring an additional 4,847 shares during the last quarter. Finally, Wiser Advisor Group LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.1% during the fourth quarter. Wiser Advisor Group LLC now owns 6,436 shares of the financial services provider’s stock valued at $2,074,000 after acquiring an additional 69 shares during the period. Institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. DZ Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, April 15th. Argus upped their target price on shares of JPMorgan Chase & Co. from $340.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. The Goldman Sachs Group set a $361.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, April 14th. Royal Bank Of Canada reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Monday, May 4th. Finally, Jefferies Financial Group reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Monday, May 4th. Fourteen analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average price target of $339.08.

Insider Activity

In related news, General Counsel Stacey Friedman sold 5,468 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $300.27, for a total transaction of $1,641,876.36. Following the completion of the transaction, the general counsel owned 46,428 shares in the company, valued at approximately $13,940,935.56. The trade was a 10.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 433 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $295.06, for a total transaction of $127,760.98. Following the completion of the sale, the insider directly owned 64,920 shares of the company’s stock, valued at $19,155,295.20. The trade was a 0.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 28,589 shares of company stock worth $8,747,496 over the last quarter. 0.41% of the stock is owned by insiders.

JPMorgan Chase & Co. Trading Up 0.0%

NYSE JPM opened at $301.06 on Thursday. The stock has a 50-day simple moving average of $303.16 and a 200 day simple moving average of $306.39. The company has a market capitalization of $806.70 billion, a PE ratio of 14.42, a P/E/G ratio of 1.47 and a beta of 1.00. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 12 month low of $260.31 and a 12 month high of $337.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.50 by $0.44. The firm had revenue of $50.54 billion for the quarter, compared to analysts’ expectations of $48.30 billion. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business earned $5.07 earnings per share. Research analysts forecast that JPMorgan Chase & Co. will post 22.4 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan is being linked to a high-profile SpaceX IPO roadshow, with CEO Jamie Dimon expected to pitch the deal to wealthy clients. That suggests JPMorgan could win more underwriting, advisory, and client-wallet share from one of the most anticipated listings in years. Article Title
• Positive Sentiment: The bank also continued issuing new notes and expanding its preferred/funding strategy, including a $500 million fixed-to-floating notes deal and other structured-note activity. Investors may view this as evidence JPMorgan can fund itself efficiently and keep optimizing its balance sheet. Article Title
• Positive Sentiment: Analysts and market commentary continue to frame JPMorgan as a defensive large-cap financial name, with some coverage pointing to valuation support and the stock’s resilience versus the broader market. Article Title
• Neutral Sentiment: JPMorgan’s low-coupon fixed preferred shares were highlighted as still attractive on a standalone and relative basis, which may support income-focused demand but is not a major earnings catalyst for the common stock. Article Title
• Neutral Sentiment: JPMorgan is also being mentioned in connection with financing for a $1 billion Argentina gas project and with Dimon’s broader comments on crypto regulation and a possible large acquisition. These items reflect active dealmaking, but they do not yet appear to be direct stock-moving developments. Article Title
• Negative Sentiment: The main drag is that JPMorgan shares have recently shown soft short-term momentum, with articles noting consolidation and a roughly 2% decline over the past month. That suggests investors may be pausing after a strong run, even though the long-term trend remains positive. Article Title

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.