SteelPeak Wealth LLC Lowers Stake in JPMorgan Chase & Co. $JPM

SteelPeak Wealth LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 35.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,174 shares of the financial services provider’s stock after selling 27,168 shares during the quarter. SteelPeak Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $16,167,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $32,000. Family Legacy Financial Solutions LLC raised its position in shares of JPMorgan Chase & Co. by 92.6% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 104 shares of the financial services provider’s stock valued at $33,000 after buying an additional 50 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $35,000. Miller Global Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $52,000. Finally, Collier Financial purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $60,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on JPM. Wells Fargo & Company decreased their target price on shares of JPMorgan Chase & Co. from $360.00 to $350.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 17th. Barclays reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, April 1st. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, February 24th. TD Cowen reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $330.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $333.17.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 433 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $295.06, for a total value of $127,760.98. Following the sale, the insider owned 64,920 shares of the company’s stock, valued at $19,155,295.20. This trade represents a 0.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Troy L. Rohrbaugh sold 50,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $307.11, for a total transaction of $15,355,500.00. Following the completion of the sale, the chief executive officer directly owned 111,279 shares in the company, valued at approximately $34,174,893.69. This trade represents a 31.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 72,029 shares of company stock worth $22,195,693. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $308.16 on Thursday. The stock has a market cap of $831.12 billion, a PE ratio of 15.40, a PEG ratio of 1.41 and a beta of 1.05. The company’s fifty day moving average is $298.92 and its 200 day moving average is $306.89. JPMorgan Chase & Co. has a 52 week low of $211.00 and a 52 week high of $337.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, January 13th. The financial services provider reported $5.23 EPS for the quarter, topping analysts’ consensus estimates of $4.93 by $0.30. The company had revenue of $45.80 billion for the quarter, compared to analysts’ expectations of $45.98 billion. JPMorgan Chase & Co. had a net margin of 20.35% and a return on equity of 17.16%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $4.81 EPS. Research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Monday, April 6th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, April 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.99%.

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: Geo-political ceasefire eased oil and rate-hike worries, pushing global bond yields lower — a tailwind for banks’ trading and market businesses and lowering recession/rate-risk premium. Global Bonds Jump as Ceasefire Sows Doubts Over Steep Rate Hikes
• Positive Sentiment: Analysts are updating forecasts ahead of Q1 — several accurate forecasters nudged estimates higher and highlighted JPMorgan’s strong mix (wealth, payments, card partnerships) as supportive of an earnings beat. JPMorgan Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Positive Sentiment: Product/technology initiatives — JPM Coin pilots in Argentina and Jamie Dimon’s push to roll out blockchain/internal token infrastructure and embrace Solana point to potential efficiency gains and new institutional product revenue. Argentine banks testing JPMorgan’s JPM Coin to speed up settlements: Report
• Neutral Sentiment: Q1 earnings preview — JPMorgan reports April 14; street expectations (consensus EPS/revenue) leave scope for volatility depending on net interest income trajectory, trading revenue and credit costs. The upcoming print is the main near-term catalyst. JPMorgan Chase & Co. (JPM) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Negative Sentiment: Some sell-side shops are more cautious: Piper Sandler and other analysts have trimmed targets or warned on weaker near-term earnings forecasts, which can cap upside if guidance is soft. Piper Sandler Remains Cautious on JPMorgan (JPM) Amid Weaker Earnings Forecasts
• Negative Sentiment: CEO Jamie Dimon’s shareholder letter flagged risks — private-credit vulnerabilities and the potential for renewed inflation if Middle East tensions flare — reminders that upside from the ceasefire is conditional and that higher oil/inflation would be a headwind. Jamie Dimon: Iran war could reignite inflation and keep Fed rates higher for longer

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.