JPMorgan Chase & Co. $JPM Shares Purchased by Smith Group Asset Management LLC

Smith Group Asset Management LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 151,610 shares of the financial services provider’s stock after purchasing an additional 10,917 shares during the quarter. JPMorgan Chase & Co. makes up approximately 2.0% of Smith Group Asset Management LLC’s investment portfolio, making the stock its 22nd largest position. Smith Group Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $49,627,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley grew its holdings in shares of JPMorgan Chase & Co. by 1.4% during the fourth quarter. Morgan Stanley now owns 66,385,268 shares of the financial services provider’s stock worth $21,390,662,000 after buying an additional 939,421 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of JPMorgan Chase & Co. by 15.8% in the first 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 buying an additional 8,941,351 shares in the last quarter. Norges Bank acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth about $11,396,496,000. Bank of New York Mellon Corp boosted its position in JPMorgan Chase & Co. by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 23,424,482 shares of the financial services provider’s stock worth $7,547,837,000 after acquiring an additional 1,194,583 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in JPMorgan Chase & Co. by 0.6% during the 4th quarter. Legal & General Group Plc now owns 19,019,564 shares of the financial services provider’s stock valued at $6,128,484,000 after acquiring an additional 110,586 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $361.41, for a total transaction of $903,525.00. Following the sale, the insider owned 73,547 shares of the company’s stock, valued at approximately $26,580,621.27. This represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the completion of the transaction, the general counsel directly 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 position. 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. Company insiders own 0.41% of the company’s stock.

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: Higher interest-rate expectations and a 10-year Treasury yield near 4.8% are supporting the earnings case for JPMorgan. Recent commentary cited a 10% increase in net interest income to $25.6 billion, making banks more attractive as investors rotate away from some growth stocks. JPMorgan Rises as 10-Year Treasury Yield Hits 4.8% Expectations of Rising Rates and Worries About AI Have Investors Piling Into Big Bank Stocks
• Positive Sentiment: JPMorgan’s market outperformance reflects favorable investor positioning and continued confidence in the bank’s fundamentals following its latest earnings beat, which included stronger-than-expected revenue and earnings growth. JPMorgan Chase & Co. Outperforms Broader Market
• Positive Sentiment: JPMorgan’s Kinexys blockchain platform is gaining traction in payments and settlement, potentially accelerating fund transfers, strengthening client relationships and creating longer-term payments revenue opportunities. Will Kinexys Fuel JPMorgan’s Next Leg of Payments Growth?
• Neutral Sentiment: JPMorgan’s strategic rebrand of Campbell Global as J.P. Morgan Natural Capital highlights expansion in forestland and nature-based assets, although the immediate financial effect on JPM shares is likely limited. J.P. Morgan Asset Management Announces Rebrand
• Negative Sentiment: JPMorgan is seeking a stay of a $20 million fee order connected to the Javice litigation. The legal dispute could create additional costs and reputational risk, although the request itself does not establish a final liability. JPMorgan Seeks Stay of $20M Javice Fee Order
• Neutral Sentiment: The bank has curtailed financing to Jane Street as the trading firm expands in U.S. Treasury market-making. The move may limit counterparty exposure but also underscores growing competition from non-bank trading firms in fixed income. JPMorgan Curbed Lending to Jane Street

JPMorgan Chase & Co. Stock Up 1.7%

NYSE:JPM opened at $362.11 on Friday. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $366.50. The stock’s fifty day moving average is $349.30 and its two-hundred day moving average is $320.17. The stock has a market capitalization of $962.56 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 1.47 and a beta of 0.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.59 by $0.55. The business had revenue of $58.02 billion during the quarter, compared to analysts’ expectations of $50.72 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The company’s revenue was up 27.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.96 earnings per share. Research analysts anticipate that JPMorgan Chase & Co. will post 24.28 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on JPM. Zacks Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Truist Financial upped their price target on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. UBS Group increased their price target on JPMorgan Chase & Co. from $384.00 to $400.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Bank of America boosted their price objective on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Finally, Citigroup upped their target price on JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a “neutral” rating in a report on Monday, July 20th. 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $359.96.

JPMorgan Chase & Co. Company 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.