Washington Capital Management Inc. grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 153.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 9,000 shares of the financial services provider’s stock after purchasing an additional 5,455 shares during the period. JPMorgan Chase & Co. makes up approximately 1.9% of Washington Capital Management Inc.’s holdings, making the stock its 7th largest position. Washington Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $2,946,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in JPM. Timmons Wealth Management LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at approximately $27,000. MBM Wealth Consultants LLC bought a new stake in JPMorgan Chase & Co. in the first quarter worth $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $32,000. Osbon Capital Management LLC purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $35,000. Finally, Turning Point Benefit Group Inc. bought a new position in shares of JPMorgan Chase & Co. during the third quarter valued at $35,000. 71.55% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Citigroup lifted their price target on JPMorgan Chase & Co. from $325.00 to $360.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Jefferies Financial Group set a $350.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Truist Financial raised their price objective on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $375.00 target price for the company in a report on Wednesday, July 22nd. Finally, Morgan Stanley reiterated a “positive” rating and issued a $370.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $359.96.
JPMorgan Chase & Co. Stock Down 0.2%
JPM stock opened at $362.55 on Friday. The stock has a market capitalization of $963.72 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.49 and a beta of 0.99. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.85. JPMorgan Chase & Co. has a 1-year low of $279.10 and a 1-year high of $366.50. The business has a fifty day moving average price of $340.11 and a 200-day moving average price of $315.46.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The company had revenue of $58.02 billion for the quarter, compared to analysts’ expectations of $50.72 billion. During the same period last year, the firm posted $4.96 earnings per share. JPMorgan Chase & Co.’s revenue was up 27.7% compared to the same quarter last year. Equities analysts forecast that JPMorgan Chase & Co. will post 24.28 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 6th were paid a dividend of $1.50 per share. The ex-dividend date was Monday, July 6th. This represents a $6.00 annualized dividend and a yield of 1.7%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.71%.
JPMorgan Chase & Co. News Roundup
Here are the key news stories impacting JPMorgan Chase & Co. this week:
- Positive Sentiment: JPMorgan was named the first global banking partner of the Olympic and Paralympic Games. The sponsorship should increase the bank’s international brand visibility and may create opportunities across commercial banking, payments and wealth management. What Does JPMorgan Chase Olympic Deal And Banking Exit Mean Now?
- Positive Sentiment: JPMorgan’s strategists remain constructive on equities for the second half of the year, expecting broader participation from cyclical and higher-beta stocks. A stronger market could support the firm’s investment-banking, trading and asset-management businesses. JPMorgan Sees Further Equity Upside in Second Half
- Positive Sentiment: The bank declared dividends on its Series II, OO and PP preferred stock, signaling continued capacity to meet capital-return obligations. The announcement is routine and does not change common-stock earnings expectations. JPMorganChase Declares Preferred Stock Dividends
- Neutral Sentiment: JPMorgan disclosed larger second-quarter positions in Bitcoin and Ether ETFs. Because the filing combines positions across multiple investment-management entities, the purchases may reflect client or fund activity rather than a firmwide bullish cryptocurrency view. JPMorgan Boosts Bitcoin and Ether ETF Positions
- Negative Sentiment: Reports that JPMorgan ended its banking relationship with Polymarket over regulatory concerns renewed scrutiny of the bank’s exposure to prediction markets. Although JPMorgan reportedly maintains other ties and could pursue future underwriting work, the episode highlights compliance and reputational risks. JPMorgan Debanked Polymarket Over Regulatory Concerns
- Negative Sentiment: Financial stocks traded lower during the afternoon, with the NYSE Financial Index also declining. The sector-wide pressure is likely weighing on JPMorgan alongside profit-taking after its strong run toward its 12-month high. Sector Update: Financial Stocks Softer Friday Afternoon
Insider Activity
In other news, General Counsel Stacey Friedman sold 5,468 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $300.27, for a total value of $1,641,876.36. Following the completion of the sale, the general counsel directly owned 46,428 shares in the company, valued at $13,940,935.56. The trade was a 10.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $361.41, for a total transaction of $903,525.00. Following the transaction, the insider directly owned 73,547 shares of the company’s stock, valued at $26,580,621.27. The trade was a 3.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 13,435 shares of company stock worth $4,353,502 in the last 90 days. Company insiders own 0.41% of the company’s stock.
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.
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