7,399 Shares in JPMorgan Chase & Co. $JPM Bought by Total Wealth Planning & Management Inc.

Total Wealth Planning & Management Inc. purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,399 shares of the financial services provider’s stock, valued at approximately $2,384,000. JPMorgan Chase & Co. accounts for approximately 1.8% of Total Wealth Planning & Management Inc.’s investment portfolio, making the stock its 8th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth $11,396,496,000. Bank of New York Mellon Corp boosted its position in JPMorgan Chase & Co. by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 23,424,482 shares of the financial services provider’s stock worth $7,547,837,000 after purchasing an additional 1,194,583 shares during the period. Legal & General Group Plc boosted its position in JPMorgan Chase & Co. by 0.6% during the 4th quarter. Legal & General Group Plc now owns 19,019,564 shares of the financial services provider’s stock worth $6,128,484,000 after purchasing an additional 110,586 shares during the period. Fisher Asset Management LLC boosted its position in JPMorgan Chase & Co. by 1.9% during the 4th quarter. Fisher Asset Management LLC now owns 16,018,656 shares of the financial services provider’s stock worth $5,161,532,000 after purchasing an additional 296,213 shares during the period. Finally, Invesco Ltd. boosted its position in JPMorgan Chase & Co. by 2.3% during the 3rd quarter. Invesco Ltd. now owns 14,655,153 shares of the financial services provider’s stock worth $4,622,675,000 after purchasing an additional 322,735 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JPM has been the subject of a number of research reports. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. HSBC upped their price target on shares of JPMorgan Chase & Co. from $288.00 to $312.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Daiwa Securities Group cut their price objective on shares of JPMorgan Chase & Co. from $340.00 to $328.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Jefferies Financial Group reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Monday, May 4th. Finally, Robert W. Baird set a $295.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, April 15th. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $339.08.

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: JPMorgan’s legal win in the Tricolor case removes one overhang, as a lawsuit accusing the bank of missing fraud “red flags” was dismissed. JPMorgan, Barclays, Fifth Third defeat lawsuit over missed ‘red flags’ at Tricolor
• Positive Sentiment: The bank continues to be viewed as a leader in digital finance, with reports highlighting its push into tokenized deposits and blockchain-based payments, which could support future fee growth and payments leadership. JPMorgan Chase Tests Tokenized Deposits And Quantum AI For Future Payments
• Positive Sentiment: JPMorgan is also expanding its AI ambitions, planning more autonomous AI agents across banking operations, reinforcing its reputation for operational efficiency and innovation. JPMorgan Chase plans to deploy more powerful AI agents this year
• Neutral Sentiment: JPMorgan said consumers are still spending, but the cushion against higher prices is thinning, suggesting a mixed outlook for credit quality and loan demand. JPMorgan Watching Consumer Spending as Inflation Creeps Up
• Neutral Sentiment: JPMorgan is facing a widening government investigation into alleged politically motivated account closures, which adds reputational and regulatory uncertainty, though no wrongdoing has been established. US Justice Department subpoenas major banks over alleged ‘debanking’, WSJ reports
• Neutral Sentiment: Market headlines around inflation and interest rates may also be influencing JPMorgan, since hotter CPI data can affect Fed policy and bank earnings dynamics. May Inflation Hits 4.2% as Energy Prices Surge, Raising Pressure on Federal Reserve

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $309.78 on Thursday. JPMorgan Chase & Co. has a 12 month low of $262.71 and a 12 month high of $337.25. 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 has a market capitalization of $830.05 billion, a P/E ratio of 14.84, a P/E/G ratio of 1.53 and a beta of 1.00. The company’s fifty day moving average price is $305.39 and its two-hundred day moving average price is $306.75.

JPMorgan Chase & Co. (NYSE:JPM) last issued 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 net margin of 20.66% and a return on equity of 17.54%. The firm had revenue of $50.54 billion for the quarter, compared to analyst estimates of $48.30 billion. During the same quarter in the previous year, the business posted $5.07 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. On average, research analysts anticipate that JPMorgan Chase & Co. will post 22.4 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced 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. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio is 28.74%.

Insider Activity at JPMorgan Chase & Co.

In other news, CFO Jeremy Barnum sold 3,022 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $309.41, for a total value of $935,037.02. Following the sale, the chief financial officer owned 32,438 shares in the company, valued at approximately $10,036,641.58. This represents a 8.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jennifer Piepszak sold 4,919 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer owned 85,082 shares in the company, valued at approximately $26,326,072.44. This trade represents a 5.47% decrease in their position. 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 90 days, insiders have sold 28,589 shares of company stock worth $8,747,496. Company insiders own 0.41% of the company’s stock.

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.