Family Manage LLC Sells 3,598 Shares of JPMorgan Chase & Co. $JPM

Family Manage LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 15.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,859 shares of the financial services provider’s stock after selling 3,598 shares during the quarter. Family Manage LLC’s holdings in JPMorgan Chase & Co. were worth $5,842,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $11,396,496,000. Cardano Risk Management B.V. raised its stake in shares of JPMorgan Chase & Co. by 889.3% in the 4th quarter. Cardano Risk Management B.V. now owns 8,673,530 shares of the financial services provider’s stock valued at $2,794,785,000 after acquiring an additional 7,796,814 shares in the last quarter. American Assets Investment Management LLC lifted its holdings in JPMorgan Chase & Co. by 1,172.2% in the 4th quarter. American Assets Investment Management LLC now owns 2,259,400 shares of the financial services provider’s stock worth $728,024,000 after purchasing an additional 2,081,800 shares during the last quarter. Viking Global Investors LP lifted its holdings in JPMorgan Chase & Co. by 86.1% in the 2nd quarter. Viking Global Investors LP now owns 4,042,034 shares of the financial services provider’s stock worth $1,171,826,000 after purchasing an additional 1,870,386 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in JPMorgan Chase & Co. by 31.5% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,944,004 shares of the financial services provider’s stock worth $2,042,648,000 after purchasing an additional 1,662,250 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $357.49 on Wednesday. The company has a market cap of $957.90 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.48 and a beta of 0.99. The business has a 50 day moving average price of $326.08 and a 200 day moving average price of $311.33. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a twelve month low of $279.10 and a twelve month high of $359.30.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, topping the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The company had revenue of $58.02 billion for the quarter, compared to the consensus estimate of $50.72 billion. During the same period in the previous year, the business posted $4.96 EPS. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. Research analysts predict that JPMorgan Chase & Co. will post 23.97 earnings per share 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 paid a $1.50 dividend. The ex-dividend date is Monday, July 6th. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.71%.

More JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan reported a record $21.2 billion second-quarter profit, with earnings of $6.14 per share and revenue of $58.02 billion—well above analyst expectations. The results reflected strong performance across trading, investment banking and net interest income, reinforcing the bank’s earnings momentum. JPMorgan’s Record Quarter Came as Jamie Dimon Warned of Tectonic Risks Below the Surface
• Positive Sentiment: Rising earnings estimates and projected sales growth have strengthened the near-term investment case for JPM, with analysts citing solid cash flow, a diversified business model and a relatively attractive valuation. Earnings Estimates Rising for JPMorgan Chase & Co.
• Positive Sentiment: JPMorgan’s Kinexys blockchain platform is expected to support instant corporate dollar payments for South Korea’s KB Kookmin Bank, highlighting potential growth in transaction banking and digital payments. KB Kookmin Taps JPMorgan’s Kinexys
• Neutral Sentiment: Financial stocks remain broadly supported, with the Financial Select Sector SPDR ETF reaching a record high. This favorable sector backdrop may help JPM, but it also raises the risk that strong expectations are already reflected in bank valuations. Financial Sector ETF Hits Record High on Fintech Gains
• Negative Sentiment: Dimon said market risks are “bigger than other people think” and cited geopolitical threats, long-term interest-rate uncertainty and the possibility of a major economic shock. His caution—including that he is not currently buying stocks—could weigh on sentiment despite the record quarter. Jamie Dimon Says Market Risks Are Bigger Than Other People Think
• Negative Sentiment: Economists and traders are increasingly concerned that fiscal boosts may fade later this year, while markets are pricing a risk that the Federal Reserve could eventually raise rates. A weaker economy or higher funding costs could pressure loan demand, credit quality and JPMorgan’s market valuation. Traders Make Record Rush to Fed Futures as Doubts Shadow Market

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,919 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total transaction of $1,522,036.98. Following the completion of the transaction, the chief operating officer directly owned 85,082 shares in the company, valued at $26,326,072.44. This represents a 5.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Barnum sold 3,022 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $309.41, for a total transaction of $935,037.02. Following the completion of the sale, the chief financial officer directly owned 32,438 shares of the company’s stock, valued at approximately $10,036,641.58. This trade represents a 8.52% 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. Over the last quarter, insiders have sold 18,876 shares of company stock worth $5,907,051. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. UBS Group boosted their price objective on shares of JPMorgan Chase & Co. from $375.00 to $384.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Jefferies Financial Group set a $350.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. Robert W. Baird raised their target price on shares of JPMorgan Chase & Co. from $295.00 to $305.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Finally, Bank of America raised their target price on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $358.67.

About JPMorgan Chase & Co.

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.