Sciencast Management LP cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 89.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,025 shares of the financial services provider’s stock after selling 8,599 shares during the period. Sciencast Management LP’s holdings in JPMorgan Chase & Co. were worth $336,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in JPM. Norges Bank purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $11,396,496,000. Bank of America Corp DE increased its stake in shares of JPMorgan Chase & Co. by 15.8% during the 1st quarter. Bank of America Corp DE now owns 65,660,460 shares of the financial services provider’s stock worth $19,314,681,000 after purchasing an additional 8,941,351 shares in the last quarter. Cardano Risk Management B.V. increased its stake in shares of JPMorgan Chase & Co. by 889.3% during the 4th quarter. Cardano Risk Management B.V. now owns 8,673,530 shares of the financial services provider’s stock worth $2,794,785,000 after purchasing an additional 7,796,814 shares in the last quarter. Ascentis Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 32,672.0% during the 2nd quarter. Ascentis Wealth Management LLC now owns 4,647,071 shares of the financial services provider’s stock worth $1,521,126,000 after purchasing an additional 4,632,891 shares during the last quarter. Finally, American Assets Investment Management LLC lifted its stake in JPMorgan Chase & Co. by 1,172.2% in the 4th quarter. American Assets Investment Management LLC now owns 2,259,400 shares of the financial services provider’s stock valued at $728,024,000 after buying an additional 2,081,800 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.
JPMorgan Chase & Co. Stock Performance
NYSE:JPM opened at $357.22 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. The company has a market cap of $949.56 billion, a P/E ratio of 15.31, a P/E/G ratio of 1.47 and a beta of 0.99. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $366.50. The firm’s 50 day moving average is $346.22 and its two-hundred day moving average is $318.33.
Insider Buying and Selling at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 5,467 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the completion of the sale, the general counsel owned 40,961 shares of the company’s stock, valued at approximately $13,547,031.53. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $361.41, for a total value of $903,525.00. Following the sale, the insider owned 73,547 shares of the company’s stock, valued at $26,580,621.27. This represents a 3.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.41% of the company’s stock.
Analyst Upgrades and Downgrades
JPM has been the topic of a number of analyst reports. Bank of America increased their target price on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Jefferies Financial Group set a $350.00 price target on JPMorgan Chase & Co. in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $375.00 price objective on the stock in a research report on Wednesday, July 22nd. HSBC increased their price objective on JPMorgan Chase & Co. from $288.00 to $312.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Finally, Robert W. Baird lifted their price objective on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. One research 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. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $359.96.
Check Out Our Latest Analysis on JPMorgan Chase & Co.
Trending Headlines about JPMorgan Chase & Co.
Here are the key news stories impacting JPMorgan Chase & Co. this week:
- Positive Sentiment: Wells Fargo analyst Mike Mayo said JPMorgan could become the first bank to reach a $1 trillion market value, with a potential path toward $2 trillion over the next seven to eight years. The forecast reinforces confidence in the bank’s scale, earnings power and long-term growth prospects. JPMorgan valuation outlook
- Positive Sentiment: JPMorgan is evaluating the possibility of launching its own stablecoin as banks increasingly develop blockchain-based payment products. A proprietary digital-dollar instrument could lower payment costs, deepen client relationships and create new fee opportunities, though execution and regulatory risks remain. JPMorgan stablecoin plans
- Positive Sentiment: Jamie Dimon committed JPMorgan to as much as $750 billion in housing-related investment through 2035. Management views the housing shortage as a long-term lending and investment opportunity, potentially expanding loan growth and investment-banking activity. JPMorgan housing investment
- Positive Sentiment: JPMorgan is hiring Citigroup’s Dan McDow to lead its East Coast technology investment-banking business, signaling continued investment in a potentially lucrative technology deal pipeline. JPMorgan technology banking hire
- Neutral Sentiment: JPMorgan is reportedly relaxing some restrictions on lending against recently issued shares held by wealthy AI-company employees and investors. The change could attract high-value clients and boost lending revenue, but it also increases collateral and concentration risk. JPMorgan share-backed lending
- Negative Sentiment: The SEC is scrutinizing JPMorgan and other prime brokers over risk controls surrounding a heavily leveraged hedge fund’s collapse. JPMorgan’s strong balance sheet limits immediate solvency concerns, but tighter margin rules or reduced leverage could pressure prime-brokerage revenue and market liquidity. SEC prime-broker investigation
- Negative Sentiment: Reports of elevated layoffs raise questions about operating conditions and workforce reductions. The cuts may improve efficiency and margins, but could also signal weaker activity in some businesses. JPMorgan layoffs
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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