Nixon Peabody Trust Co. reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 80,303 shares of the financial services provider’s stock after selling 2,819 shares during the quarter. JPMorgan Chase & Co. comprises about 1.9% of Nixon Peabody Trust Co.’s holdings, making the stock its 12th largest position. Nixon Peabody Trust Co.’s holdings in JPMorgan Chase & Co. were worth $23,622,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Evolution Wealth Management Inc. raised its position in JPMorgan Chase & Co. by 24.3% in the first quarter. Evolution Wealth Management Inc. now owns 819 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 160 shares in the last quarter. Turn8 Private Wealth Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 17.6% in the first quarter. Turn8 Private Wealth Inc. now owns 15,539 shares of the financial services provider’s stock valued at $4,571,000 after purchasing an additional 2,321 shares in the last quarter. QRG Capital Management Inc. lifted its stake in JPMorgan Chase & Co. by 6.6% in the 1st quarter. QRG Capital Management Inc. now owns 477,500 shares of the financial services provider’s stock valued at $140,462,000 after buying an additional 29,555 shares in the last quarter. Apeiron RIA LLC lifted its position in shares of JPMorgan Chase & Co. by 5.8% in the first quarter. Apeiron RIA LLC now owns 2,009 shares of the financial services provider’s stock valued at $591,000 after acquiring an additional 110 shares in the last quarter. Finally, Capital Financial Group Inc. Co. ADV lifted its holdings in JPMorgan Chase & Co. by 1.1% in the 1st quarter. Capital Financial Group Inc. Co. ADV now owns 15,470 shares of the financial services provider’s stock valued at $4,551,000 after purchasing an additional 167 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.
JPMorgan Chase & Co. News Summary
Here are the key news stories impacting JPMorgan Chase & Co. this week:
- Positive Sentiment: Several Wall Street firms raised their price targets on JPMorgan, including Morgan Stanley, UBS and Bank of America, signaling continued confidence in the bank’s earnings power and valuation. JPMorgan to pursue smaller deals in latest growth push
- Positive Sentiment: JPMorgan is expanding its investment banking franchise by launching a team focused on smaller companies valued between $100 million and $500 million, which could widen fee opportunities and deepen client relationships. JPMorgan (JPM) Ranks Among the Most Profitable Stocks
- Positive Sentiment: The bank’s recent dividend increase and new $50 billion buyback authorization underscore strong capital generation and shareholder returns, which investors typically view favorably. Why JPMorgan’s (JPM) Dividend Hike and $50 Billion Buyback Make It a Strong Capital-Return Tax Case
- Neutral Sentiment: JPMorgan remains a top pick in profitability screens and is seen as a likely earnings beat candidate, but much of this is already reflected in expectations ahead of next week’s report. JPMorgan Chase Co. (JPM) Reports Next Week: Wall Street Expects Earnings Growth
- Neutral Sentiment: Options traders are pricing in a sizable move around the July 14 earnings release, suggesting investors are bracing for volatility rather than a clear directional catalyst. JPMorgan Chase: Here’s One Trade To Consider As Earnings Approach
- Negative Sentiment: Recent trading has been weaker than the broader market, reflecting some profit-taking and caution ahead of earnings despite the favorable analyst tone. JPMorgan Chase & Co. (JPM) Registers a Bigger Fall Than the Market: Important Facts to Note
Analyst Ratings Changes
Read Our Latest Research Report on JPM
JPMorgan Chase & Co. Stock Down 2.6%
Shares of NYSE:JPM opened at $330.37 on Thursday. The company has a fifty day simple moving average of $314.85 and a 200 day simple moving average of $309.47. The firm has a market cap of $885.23 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.55 and a beta of 0.99. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $343.45. 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 – Get Free Report) last issued its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $5.94 EPS for the quarter, topping the consensus estimate 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 business had revenue of $50.54 billion for the quarter, compared to analysts’ expectations of $48.30 billion. During the same quarter last year, the company posted $5.07 earnings per share. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 22.82 EPS for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 28.74%.
Insider Buying and Selling
In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 3,022 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was 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 in the company, 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 filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the transaction, the general counsel directly owned 40,961 shares of the company’s stock, valued at $13,547,031.53. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 33,623 shares of company stock worth $10,427,835 over the last quarter. 0.41% of the stock is owned by company insiders.
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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