RNC Capital Management LLC Has $88.31 Million Stake in JPMorgan Chase & Co. $JPM

RNC Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 274,075 shares of the financial services provider’s stock after acquiring an additional 3,975 shares during the period. JPMorgan Chase & Co. accounts for about 4.0% of RNC Capital Management LLC’s investment portfolio, making the stock its biggest holding. RNC Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $88,312,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of JPM. Howard Capital Management Inc. grew its holdings in JPMorgan Chase & Co. by 18.2% during the 4th quarter. Howard Capital Management Inc. now owns 25,784 shares of the financial services provider’s stock worth $8,308,000 after acquiring an additional 3,976 shares in the last quarter. Andra AP fonden grew its holdings in JPMorgan Chase & Co. by 3.2% during the 3rd quarter. Andra AP fonden now owns 107,700 shares of the financial services provider’s stock worth $33,972,000 after acquiring an additional 3,300 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in JPMorgan Chase & Co. by 51.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 8,883 shares of the financial services provider’s stock valued at $2,862,000 after buying an additional 3,027 shares during the period. Banco Santander S.A. increased its holdings in JPMorgan Chase & Co. by 9.0% during the third quarter. Banco Santander S.A. now owns 452,612 shares of the financial services provider’s stock valued at $142,767,000 after buying an additional 37,550 shares during the period. Finally, Brighton Jones LLC increased its holdings in JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after buying an additional 4,841 shares during the period. Institutional investors own 71.55% of the company’s stock.

Insider Activity

In related news, General Counsel Stacey Friedman sold 3,404 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $306.40, for a total transaction of $1,042,985.60. Following the transaction, the general counsel directly owned 61,949 shares in the company, valued at $18,981,173.60. The trade was a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robin Leopold sold 433 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $295.06, for a total value of $127,760.98. Following the transaction, the insider owned 64,920 shares in the company, valued at approximately $19,155,295.20. This trade represents a 0.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 79,849 shares of company stock worth $24,522,956 over the last quarter. Company insiders own 0.41% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $299.93 on Friday. The company has a market cap of $803.66 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 1.46 and a beta of 1.03. JPMorgan Chase & Co. has a twelve month low of $256.00 and a twelve month 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. The company has a 50 day moving average of $299.70 and a two-hundred day moving average of $307.39.

JPMorgan Chase & Co. (NYSE:JPM) 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 company 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%. JPMorgan Chase & Co.’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned $5.07 earnings per share. As a group, analysts predict that JPMorgan Chase & Co. will post 22.42 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Monday, April 6th were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, April 6th. JPMorgan Chase & Co.’s payout ratio is 28.74%.

Analysts Set New Price Targets

JPM has been the topic of several research reports. Jefferies Financial Group reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Monday, May 4th. The Goldman Sachs Group set a $361.00 price target on JPMorgan Chase & Co. in a research report on Tuesday, April 14th. Wells Fargo & Company reduced 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. Autonomous Res reduced their price target on JPMorgan Chase & Co. from $360.00 to $324.00 and set a “neutral” rating for the company in a research report on Monday, April 6th. Finally, UBS Group reduced their price target on JPMorgan Chase & Co. from $380.00 to $375.00 in a research report on Wednesday, May 6th. Fifteen research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $338.12.

JPMorgan Chase & Co. News Roundup

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: JPMorgan’s early investment in startup relationships is paying off, with reports saying the bank now leads global tech investment banking after winning major mandates from companies like Pattern Group. This supports the view that JPM is gaining share in a lucrative fee-generating business. Article Title
• Positive Sentiment: JPMorgan Asset Management launched a second tokenized money market fund on Ethereum, reinforcing its leadership in blockchain-based financial products and potentially opening a new growth avenue tied to stablecoin and on-chain liquidity demand. Article Title
• Positive Sentiment: JPMorgan’s asset and wealth management business remains a standout, with revenue and assets under management rising, which should help offset slower areas and support earnings durability. Article Title
• Neutral Sentiment: Several articles focused on JPMorgan’s strategic positioning in tech banking, private-credit trading, and leadership changes in investment banking. These are generally operationally constructive but not immediate stock catalysts. Article Title
• Neutral Sentiment: DBS Bank reportedly upgraded JPM to “hold,” which suggests steadier sentiment but not a strong near-term bullish shift. Article Title
• Negative Sentiment: CEO Jamie Dimon warned that JPMorgan could reconsider its planned London headquarters expansion if the UK becomes “hostile” to banks through higher taxes or tighter regulation. That adds geopolitical and policy uncertainty around a major long-term investment. Article Title
• Negative Sentiment: Recent fund-flow reporting showed Smead Capital Management reduced its JPM position, which may reinforce some caution around the shares, even if the impact is limited. Article Title

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.