Essex LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.4% in the second quarter, HoldingsChannel reports. The firm owned 30,678 shares of the financial services provider’s stock after selling 2,114 shares during the period. JPMorgan Chase & Co. accounts for about 1.5% of Essex LLC’s holdings, making the stock its 12th biggest holding. Essex LLC’s holdings in JPMorgan Chase & Co. were worth $10,042,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Timmons Wealth Management LLC purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $32,000. MBM Wealth Consultants LLC acquired a new position in JPMorgan Chase & Co. in the first quarter valued at approximately $29,000. Osbon Capital Management LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $35,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter worth approximately $35,000. 71.55% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
JPM has been the subject of several recent research reports. Citigroup lifted their target price on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a “neutral” rating in a report on Monday, July 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $418.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. Robert W. Baird upped their price target on shares of JPMorgan Chase & Co. from $295.00 to $305.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. UBS Group raised their target price on JPMorgan Chase & Co. from $384.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Truist Financial lifted their price target on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $359.96.
Insider Buying and Selling at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 5,467 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $330.73, for a total value of $1,808,100.91. Following the completion of the sale, the general counsel directly owned 40,961 shares of the company’s stock, valued at $13,547,031.53. This trade represents a 11.78% decrease in their position. The sale was disclosed in a legal 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, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $361.41, for a total value of $903,525.00. Following the transaction, the insider owned 73,547 shares in the company, valued at approximately $26,580,621.27. This represents a 3.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by corporate insiders.
JPMorgan Chase & Co. Trading Down 1.3%
JPM opened at $352.76 on Friday. The firm has a market capitalization of $937.70 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 1.47 and a beta of 0.99. The company’s 50 day simple moving average is $343.87 and its two-hundred day simple moving average is $317.12. JPMorgan Chase & Co. has a 1-year low of $279.10 and a 1-year high of $366.50. 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. (NYSE:JPM – Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $58.02 billion during the quarter, compared to analysts’ expectations of $50.72 billion. During the same quarter last year, the firm earned $4.96 earnings per share. The business’s revenue for the quarter was up 27.7% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 24.28 EPS for the current fiscal year.
More JPMorgan Chase & Co. News
Here are the key news stories impacting JPMorgan Chase & Co. this week:
- Positive Sentiment: JPMorgan raised its 2026 net interest income outlook to approximately $105.5 billion, citing loan and deposit growth that is helping offset pressure from interest-rate movements. Higher NII could support revenue and earnings, although rising expenses may limit the benefit. JPMorgan Raises 2026 NII Outlook
- Positive Sentiment: JPMorgan analysts reiterated an Overweight rating on Broadcom, pointing to strong AI networking demand and a projected AI revenue opportunity exceeding $56 billion. The call highlights the bank’s continued positioning in high-growth technology investment banking and research. Broadcom’s AI Competition Fears Look Overblown
- Neutral Sentiment: A broader bullish outlook for the S&P 500, supported by earnings growth, seasonal trends and AI investment, could provide a favorable market backdrop for JPMorgan, but it does not address the bank-specific regulatory and rate concerns. Reasons the S&P 500 Could Keep Rallying
- Negative Sentiment: India’s securities regulator barred a JPMorgan entity from the country’s securities market over alleged manipulation of the Sensex’s closing price. Regulators cited abrupt index spikes, including a 362-point move in two seconds. The action creates reputational, legal and potential financial risks for JPMorgan. India Bars JPMorgan Unit
- Negative Sentiment: JPMorgan warned that the Treasury’s expanded bond-buyback program could ultimately push long-term yields higher if it fails to address the underlying U.S. fiscal deficit and debt burden. Renewed yield pressure has weighed on bank shares, overwhelming the potential benefit of higher rates to net interest income. JPMorgan Falls as Treasury Rescue Fails to Calm Bonds
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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