Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 21.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 19,291 shares of the financial services provider’s stock after buying an additional 3,439 shares during the period. JPMorgan Chase & Co. makes up approximately 1.2% of Annis Gardner Whiting Capital Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Annis Gardner Whiting Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $6,216,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Fisher Asset Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 16,018,656 shares of the financial services provider’s stock valued at $5,161,532,000 after buying an additional 296,213 shares in the last quarter. Choate Investment Advisors lifted its holdings in JPMorgan Chase & Co. by 8.3% in the fourth quarter. Choate Investment Advisors now owns 139,509 shares of the financial services provider’s stock valued at $44,952,000 after acquiring an additional 10,726 shares during the period. Clearstead Trust LLC boosted its position in shares of JPMorgan Chase & Co. by 8.1% during the 4th quarter. Clearstead Trust LLC now owns 39,715 shares of the financial services provider’s stock worth $12,797,000 after purchasing an additional 2,986 shares in the last quarter. CYBER HORNET ETFs LLC grew its stake in shares of JPMorgan Chase & Co. by 4.5% during the 4th quarter. CYBER HORNET ETFs LLC now owns 8,273 shares of the financial services provider’s stock worth $2,666,000 after purchasing an additional 353 shares during the period. Finally, Clearstead Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 1.2% during the 4th quarter. Clearstead Advisors LLC now owns 259,932 shares of the financial services provider’s stock worth $83,755,000 after purchasing an additional 3,014 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.
JPMorgan Chase & Co. News Summary
Here are the key news stories impacting JPMorgan Chase & Co. this week:
- Positive Sentiment: JPMorgan is being highlighted as a diversified, defensive stock outside the AI trade, which may attract investors looking for safety and quality in a rotation away from tech. Jim Cramer says look to buy these 5 stocks outside the AI trade for diversification
- Positive Sentiment: Analysts expect JPMorgan’s Q2 fee income to improve, supported by stronger markets revenue and investment banking fees, which could boost earnings expectations. JPMorgan’s Bullish Q2 Outlook Highlights Fee Income Potential
- Positive Sentiment: JPMorgan expanded a $500 million fixed-to-floating notes offering, reinforcing its active capital markets franchise and funding flexibility. JPMorgan Chase Expands 2030 Fixed-to-Floating Notes Offering
- Neutral Sentiment: JPMorgan CEO Jamie Dimon reportedly flagged a possible $20 billion acquisition and continued European expansion, which keeps deal-making and growth optionality in focus but adds uncertainty on execution. JPMorgan Weighs US$20b Deal While Expanding In Europe And Crypto Debate
- Neutral Sentiment: Zacks noted that JPMorgan has recently been outperforming the market, reflecting continued investor confidence in the bank’s fundamentals. JPMorgan Chase & Co. (JPM) Exceeds Market Returns: Some Facts to Consider
Insider Activity
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. DZ Bank reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, April 15th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, February 24th. Wells Fargo & Company dropped their price target on JPMorgan Chase & Co. from $360.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, February 17th. Robert W. Baird set a $295.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, April 15th. Finally, Dbs Bank raised shares of JPMorgan Chase & Co. to a “hold” rating in a research note on Tuesday, May 12th. Fifteen equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $339.08.
Read Our Latest Analysis on JPM
JPMorgan Chase & Co. Stock Up 1.6%
JPM opened at $301.32 on Wednesday. The firm has a market cap of $807.38 billion, a P/E ratio of 14.43, a PEG ratio of 1.45 and a beta of 1.00. The business’s fifty day simple moving average is $302.65 and its 200 day simple moving average is $306.58. JPMorgan Chase & Co. has a 52 week low of $260.31 and a 52 week high of $337.25. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.30.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share 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 the consensus estimate of $48.30 billion. JPMorgan Chase & Co. had a net margin of 20.66% and a return on equity of 17.54%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.07 EPS. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 22.4 EPS for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The company also recently disclosed 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 2.0%. The ex-dividend date of this dividend is Monday, July 6th. JPMorgan Chase & Co.’s payout ratio is currently 28.74%.
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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