HighPoint Advisor Group LLC Sells 3,140 Shares of JPMorgan Chase & Co. $JPM

HighPoint Advisor Group LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 189,922 shares of the financial services provider’s stock after selling 3,140 shares during the period. JPMorgan Chase & Co. accounts for about 2.8% of HighPoint Advisor Group LLC’s investment portfolio, making the stock its 5th largest position. HighPoint Advisor Group LLC’s holdings in JPMorgan Chase & Co. were worth $61,197,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $32,000. Turning Point Benefit Group Inc. acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $35,000. Merrithew & Thorsten Inc acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $40,000. Cresta Advisors Ltd. acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $48,000. Finally, Miller Global Investments LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $52,000. 71.55% of the stock is owned by institutional investors and hedge funds.

More JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan Chase reported a strong quarterly earnings beat recently, with revenue and EPS both topping analyst expectations, reinforcing confidence in the bank’s operating strength and valuation.
• Positive Sentiment: The company declared a quarterly dividend of $1.50 per share, underscoring its capital-return profile and continued appeal to income-focused investors.
• Positive Sentiment: JPMorganChase said its Chase digital retail bank is officially opening in Germany, highlighting ongoing international expansion and a new growth avenue in European consumer banking.
• Positive Sentiment: JPMorgan is also set to present at the Morgan Stanley U.S. Financials Conference in June, which keeps the stock in focus and may offer further commentary on business trends and strategy. Article Title
• Neutral Sentiment: An executive stock sale by General Counsel Stacey Friedman was disclosed, but it was executed under a pre-arranged Rule 10b5-1 trading plan, which usually limits how much investors read into the transaction.
• Neutral Sentiment: Several articles referenced JPMorgan research and conference appearances, but these are mostly informational and do not appear to be direct stock-moving catalysts on their own.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $302.04 on Thursday. The firm has a market capitalization of $809.32 billion, a P/E ratio of 14.47, a PEG ratio of 1.44 and a beta of 1.03. The stock has a fifty day moving average price of $300.18 and a 200 day moving average price of $307.20. JPMorgan Chase & Co. has a 52 week low of $256.00 and a 52 week high of $337.25. 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. (NYSE:JPM) last released its earnings results on Tuesday, April 14th. The financial services provider reported $5.94 EPS for the quarter, beating the consensus estimate of $5.50 by $0.44. The firm had revenue of $50.54 billion during the quarter, compared to analyst estimates of $48.30 billion. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.07 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 22.43 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Monday, July 6th. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 28.74%.

Insider Activity at JPMorgan Chase & Co.

In related news, CFO Jeremy Barnum sold 3,022 shares of the firm’s stock in a transaction that occurred on 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 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 433 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was 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 in the company, valued at $19,155,295.20. This represents a 0.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 28,589 shares of company stock valued at $8,747,496 over the last three months. Insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on JPM. Truist Financial increased their price objective on shares of JPMorgan Chase & Co. from $323.00 to $332.00 and gave the company a “hold” rating in a research note on Wednesday, April 15th. HSBC increased their price objective on shares of JPMorgan Chase & Co. from $288.00 to $312.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Dbs Bank raised shares of JPMorgan Chase & Co. to a “hold” rating in a research note on Tuesday, May 12th. Jefferies Financial Group reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Monday, May 4th. Finally, Evercore raised their price target on shares of JPMorgan Chase & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Fifteen analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $339.08.

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.