Glenview Trust Co trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 394,136 shares of the financial services provider’s stock after selling 5,277 shares during the period. JPMorgan Chase & Co. comprises 1.8% of Glenview Trust Co’s holdings, making the stock its 12th biggest holding. Glenview Trust Co’s holdings in JPMorgan Chase & Co. were worth $115,939,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DUTCH ASSET Corp increased its stake in JPMorgan Chase & Co. by 13.6% in the first quarter. DUTCH ASSET Corp now owns 5,784 shares of the financial services provider’s stock worth $1,702,000 after purchasing an additional 691 shares during the period. One Charles Private Wealth Services LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.6% during the first quarter. One Charles Private Wealth Services LLC now owns 12,518 shares of the financial services provider’s stock valued at $3,682,000 after purchasing an additional 80 shares during the period. Madison Asset Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 3.1% in the first quarter. Madison Asset Management LLC now owns 142,142 shares of the financial services provider’s stock worth $41,812,000 after purchasing an additional 4,274 shares during the last quarter. Resolute Advisors LLC purchased a new position in JPMorgan Chase & Co. in the 1st quarter worth about $416,000. Finally, Puzo Michael J increased its stake in JPMorgan Chase & Co. by 73.8% in the 1st quarter. Puzo Michael J now owns 1,460 shares of the financial services provider’s stock worth $429,000 after buying an additional 620 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages recently weighed in on JPM. UBS Group lifted their price objective on shares of JPMorgan Chase & Co. from $375.00 to $384.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Dbs Bank raised shares of JPMorgan Chase & Co. to a “hold” rating in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. HSBC boosted their price target on JPMorgan Chase & Co. from $288.00 to $312.00 and gave the company a “hold” rating in a report on Monday, May 4th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $418.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $358.67.
JPMorgan Chase & Co. Trading Up 0.9%
NYSE JPM opened at $352.88 on Friday. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $353.37. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.85. The company has a market capitalization of $945.55 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. The company’s 50-day simple moving average is $323.74 and its two-hundred day simple moving average is $311.13.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The firm had revenue of $58.02 billion during the quarter, compared to analysts’ expectations of $50.72 billion. During the same quarter in the prior year, the company earned $4.96 EPS. The company’s revenue was up 27.7% compared to the same quarter last year. Equities analysts forecast that JPMorgan Chase & Co. will post 23.97 EPS for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. JPMorgan Chase & Co.’s payout ratio is 25.71%.
Trending Headlines about JPMorgan Chase & Co.
Here are the key news stories impacting JPMorgan Chase & Co. this week:
- Positive Sentiment: JPMorgan continues to draw favorable analyst attention, with multiple reports saying it remains a strong long-term and momentum pick for investors. Wall Street Analysts Think JPMorgan Chase & Co. (JPM) Is a Good Investment: Is It?
- Positive Sentiment: Recent commentary highlighted JPMorgan’s earnings strength and AI-related growth themes in banking, which supports the view that the company can keep outperforming peers. JPMorgan Sees AI-Powered Growth For Banks; Stock Pops Into Buy Zone After Earnings Growth
- Positive Sentiment: JPMorgan was also cited as a top momentum candidate and long-term stock pick by Zacks, adding to the bullish sentiment around the shares. Are You Looking for a Top Momentum Pick? Why JPMorgan Chase & Co. (JPM) is a Great Choice
- Neutral Sentiment: The bank completed $9 billion in debt offerings, which is a routine capital-markets transaction that may help funding flexibility but is not clearly a major near-term catalyst. JPMorgan Chase Raises $9 Billion Through Debt Offerings
- Neutral Sentiment: JPMorgan’s broader market commentary on oil, Iran-related disruption, and global risks reflects its macro views, but these notes are more informative than directly stock-moving for JPM itself. Here’s what each additional month of Iran-conflict disruption means for oil prices
- Negative Sentiment: House lawmakers questioned former JPMorgan executive Jes Staley over Epstein-related ties, which keeps reputational and legal-overhang concerns in the background for the bank. House lawmakers grill former JPMorgan executive Jes Staley over Epstein ties
Insiders Place Their Bets
In other news, COO Jennifer Piepszak sold 4,919 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total value of $1,522,036.98. Following the transaction, the chief operating officer directly owned 85,082 shares in the company, valued at approximately $26,326,072.44. This trade represents a 5.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Barnum sold 3,022 shares of the business’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 completion of the transaction, the chief financial officer directly owned 32,438 shares of the company’s stock, valued at approximately $10,036,641.58. The trade was a 8.52% 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 sold a total of 18,876 shares of company stock worth $5,907,051 over the last 90 days. Company insiders own 0.41% of the company’s stock.
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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