Spinnaker Trust increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,642 shares of the financial services provider’s stock after buying an additional 2,369 shares during the period. JPMorgan Chase & Co. comprises approximately 1.1% of Spinnaker Trust’s investment portfolio, making the stock its 21st biggest holding. Spinnaker Trust’s holdings in JPMorgan Chase & Co. were worth $20,829,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Roxbury Financial LLC raised its stake in JPMorgan Chase & Co. by 0.4% in the fourth quarter. Roxbury Financial LLC now owns 8,011 shares of the financial services provider’s stock worth $2,581,000 after buying an additional 31 shares in the last quarter. Collective Family Office LLC raised its stake in JPMorgan Chase & Co. by 1.0% in the fourth quarter. Collective Family Office LLC now owns 3,339 shares of the financial services provider’s stock worth $1,076,000 after buying an additional 32 shares in the last quarter. Rialto Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. by 3.6% during the third quarter. Rialto Wealth Management LLC now owns 962 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 33 shares in the last quarter. Essential Planning LLC. increased its position in shares of JPMorgan Chase & Co. by 2.4% during the fourth quarter. Essential Planning LLC. now owns 1,399 shares of the financial services provider’s stock worth $451,000 after purchasing an additional 33 shares in the last quarter. Finally, Tevis Investment Management increased its position in shares of JPMorgan Chase & Co. by 0.8% during the third quarter. Tevis Investment Management now owns 4,238 shares of the financial services provider’s stock worth $1,337,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on JPM. Jefferies Financial Group reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Monday, May 4th. Dbs Bank raised JPMorgan Chase & Co. to a “hold” rating in a research report on Tuesday, May 12th. Piper Sandler upped their price target on JPMorgan Chase & Co. from $325.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Monday, May 4th. Finally, UBS Group reduced their price target on JPMorgan Chase & Co. from $380.00 to $375.00 in a research report on Wednesday, May 6th. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Hold” and a consensus target price of $339.08.
JPMorgan Chase & Co. Price Performance
Shares of JPM opened at $312.48 on Wednesday. The firm has a market capitalization of $837.30 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.52 and a beta of 1.00. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.86 and a quick ratio of 0.86. JPMorgan Chase & Co. has a 1-year low of $262.71 and a 1-year high of $337.25. The company’s fifty day moving average price is $304.87 and its 200-day moving average price is $306.68.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share for the quarter, beating analysts’ consensus estimates of $5.50 by $0.44. The firm had revenue of $50.54 billion for the quarter, compared to analyst estimates of $48.30 billion. JPMorgan Chase & Co. had a net margin of 20.66% and a return on equity of 17.54%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $5.07 earnings per share. On average, equities research analysts predict that JPMorgan Chase & Co. will post 22.4 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement
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 issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. JPMorgan Chase & Co.’s payout ratio is 28.74%.
Insider Activity at JPMorgan Chase & Co.
In other news, COO Jennifer Piepszak sold 4,919 shares of the business’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 sale, the chief operating officer directly owned 85,082 shares of the company’s stock, valued at $26,326,072.44. The trade was a 5.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,468 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $300.27, for a total transaction of $1,641,876.36. Following the sale, the general counsel directly owned 46,428 shares in the company, valued at $13,940,935.56. This trade represents a 10.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 28,589 shares of company stock valued at $8,747,496 over the last three months. 0.41% of the stock is owned by corporate insiders.
Key Headlines Impacting JPMorgan Chase & Co.
Here are the key news stories impacting JPMorgan Chase & Co. this week:
- Positive Sentiment: JPMorgan is expanding its AI push, with plans to deploy autonomous AI agents across banking operations later this year. That reinforces the bank’s reputation as a leader in technology adoption and could improve efficiency over time. JPMorgan Chase plans to deploy more powerful AI agents this year
- Positive Sentiment: The company is also rolling out new tools for small businesses, including better credit insights and customer analytics in Chase for Business, which could strengthen client relationships and deepen deposits/fee opportunities. Chase Offers Small Businesses More Credit Insights
- Positive Sentiment: JPMorgan’s consumer banking chief said spending remains resilient even as inflation rises, suggesting credit quality and loan demand may stay relatively stable for now. JPMorgan Watching Consumer Spending as Inflation Creeps Up
- Neutral Sentiment: The stock is also benefiting from a stronger backdrop for financial shares overall, as the sector traded higher in Tuesday afternoon action. Sector Update: Financial Stocks Advance Tuesday Afternoon
- Negative Sentiment: On the caution side, congressional Democrats are pressing large banks to explain how they will address AI-related cyber risks, which could mean more regulatory scrutiny for JPMorgan and peers. Wells Fargo, JPMorgan, and Other Big Banks Face Pressure to Address AI Risks
- Negative Sentiment: JPMorgan and affiliates also disclosed they are no longer a substantial holder in Immutep Ltd., a routine portfolio/holding update that is unlikely to help sentiment. JPMorgan Ceases to Be Substantial Holder in Immutep Ltd
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.
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