JPMorgan Chase & Co. $JPM Stake Lessened by Manitou Investment Management Ltd.

Manitou Investment Management Ltd. cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 6.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,996 shares of the financial services provider’s stock after selling 2,678 shares during the period. JPMorgan Chase & Co. accounts for 2.6% of Manitou Investment Management Ltd.’s portfolio, making the stock its 12th largest position. Manitou Investment Management Ltd.’s holdings in JPMorgan Chase & Co. were worth $13,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC raised its position in shares of JPMorgan Chase & Co. by 7.9% during the 4th quarter. Fidelis Capital Partners LLC now owns 70,077 shares of the financial services provider’s stock valued at $22,580,000 after acquiring an additional 5,101 shares in the last quarter. Howard Capital Management Inc. boosted its holdings in JPMorgan Chase & Co. by 18.2% in the fourth quarter. Howard Capital Management Inc. now owns 25,784 shares of the financial services provider’s stock worth $8,308,000 after purchasing an additional 3,976 shares during the period. Newbridge Financial Services Group Inc. increased its stake in JPMorgan Chase & Co. by 51.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 8,883 shares of the financial services provider’s stock valued at $2,862,000 after purchasing an additional 3,027 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services increased its stake in JPMorgan Chase & Co. by 18.7% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 41,218 shares of the financial services provider’s stock valued at $12,125,000 after purchasing an additional 6,492 shares during the last quarter. Finally, Brighton Jones LLC raised its holdings in shares of JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after purchasing an additional 4,841 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Down 0.8%

JPMorgan Chase & Co. stock opened at $356.29 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.85. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $363.00. The company has a 50-day simple moving average of $333.16 and a 200-day simple moving average of $313.09. The firm has a market capitalization of $954.68 billion, a P/E ratio of 15.27, a P/E/G ratio of 1.48 and a beta of 0.99.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 6th were given a $1.50 dividend. The ex-dividend date was Monday, July 6th. This represents a $6.00 annualized dividend and a yield of 1.7%. JPMorgan Chase & Co.’s dividend payout ratio is 25.71%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 5,467 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total value of $1,808,100.91. Following the sale, the general counsel owned 40,961 shares in the company, valued at approximately $13,547,031.53. This trade represents a 11.78% 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. Insiders own 0.41% of the company’s stock.

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: Payments expansion: JPMorgan Payments’ U.S. Commerce Platform now offers Klarna’s pay-in-full, installment and financing options without requiring merchants to complete a separate integration. The partnership could improve merchant adoption, transaction volumes and fee revenue. Klarna Goes Live With J.P. Morgan Payments
• Positive Sentiment: New asset-management product: J.P. Morgan Asset Management launched the JLVP active ETF, which combines a value-oriented large-cap portfolio with a limited short position. The product broadens JPMorgan’s fee-generating investment lineup, although the near-term earnings impact is likely limited. JPMorgan’s New JLVP ETF
• Neutral Sentiment: Regulatory filing: JPMorgan filed its Form 10-Q for the quarter ended June 30 with the SEC. The filing is a required disclosure, and the announcement provided no new financial details or outlook changes. JPMorganChase Files Form 10-Q
• Neutral Sentiment: Reports that JPMorgan reduced or exited substantial-holder positions in Cochlear and Hexagon Composites concern investment holdings and do not indicate a change in JPMorgan’s operating outlook. JPMorgan exits substantial holder position in Cochlear
• Negative Sentiment: Macro and market-risk concerns: Dimon said margin debt is at a record level and that leverage embedded in hedge funds, prime brokerages and leveraged ETFs could amplify volatility. He also cautioned that heavy AI-related capital spending, fiscal deficits and military expenditures may keep inflation elevated, potentially sustaining higher interest rates. Jamie Dimon warns of high leverage
• Negative Sentiment: Sector pressure: Financial stocks traded lower during the afternoon, creating a broad-market drag on JPMorgan independent of company-specific news. Sector Update: Financial Stocks Softer

Analyst Upgrades and Downgrades

Several research firms have recently commented on JPM. Royal Bank Of Canada lifted their price target on shares of JPMorgan Chase & Co. from $330.00 to $370.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Dbs Bank upgraded shares of JPMorgan Chase & Co. to a “hold” rating in a research note on Tuesday, May 12th. Zacks Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Finally, DZ Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $359.33.

JPMorgan Chase & Co. Company 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.