Winthrop Advisory Group LLC reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.9% during the fourth quarter, HoldingsChannel reports. The firm owned 17,250 shares of the financial services provider’s stock after selling 1,684 shares during the period. Winthrop Advisory Group LLC’s holdings in JPMorgan Chase & Co. were worth $5,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Legal & General Group Plc lifted its holdings in shares of JPMorgan Chase & Co. by 3.3% during the third quarter. Legal & General Group Plc now owns 18,908,978 shares of the financial services provider’s stock valued at $5,964,459,000 after purchasing an additional 607,025 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in JPMorgan Chase & Co. by 2.3% in the third quarter. Fisher Asset Management LLC now owns 15,722,443 shares of the financial services provider’s stock valued at $4,959,330,000 after acquiring an additional 347,033 shares during the period. Invesco Ltd. lifted its holdings in JPMorgan Chase & Co. by 2.3% in the third quarter. Invesco Ltd. now owns 14,655,153 shares of the financial services provider’s stock valued at $4,622,675,000 after acquiring an additional 322,735 shares during the period. Boston Partners lifted its holdings in JPMorgan Chase & Co. by 2.3% in the third quarter. Boston Partners now owns 7,492,763 shares of the financial services provider’s stock valued at $2,360,045,000 after acquiring an additional 168,184 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of JPMorgan Chase & Co. by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,809,417 shares of the financial services provider’s stock worth $2,147,894,000 after buying an additional 31,421 shares during the period. 71.55% of the stock is owned by institutional investors.
Insider Transactions at JPMorgan Chase & Co.
In related news, General Counsel Stacey Friedman sold 3,404 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $312.80, for a total value of $1,064,771.20. Following the completion of the transaction, the general counsel owned 65,353 shares of the company’s stock, valued at approximately $20,442,418.40. This trade represents a 4.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robin Leopold sold 433 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $295.06, for a total transaction of $127,760.98. Following the completion of the transaction, the insider directly owned 64,920 shares of the company’s stock, valued at $19,155,295.20. This represents a 0.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 72,029 shares of company stock worth $22,195,693. 0.47% of the stock is currently owned by insiders.
JPMorgan Chase & Co. Trading Up 1.1%
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $5.94 EPS for the quarter, topping analysts’ consensus estimates of $5.50 by $0.44. JPMorgan Chase & Co. had a net margin of 20.35% and a return on equity of 17.16%. The firm had revenue of $50.54 billion during the quarter, compared to analyst estimates of $48.30 billion. On average, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Monday, April 6th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Monday, April 6th. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 29.99%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on JPM shares. The Goldman Sachs Group raised their price objective on JPMorgan Chase & Co. from $352.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Piper Sandler restated an “overweight” rating and set a $325.00 price target (down from $345.00) on shares of JPMorgan Chase & Co. in a report on Monday, March 30th. Weiss Ratings restated a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a report on Monday, December 22nd. Freedom Capital upgraded JPMorgan Chase & Co. to a “hold” rating in a report on Wednesday, January 14th. Finally, Robert W. Baird increased their price target on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, March 4th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $333.17.
Read Our Latest Analysis on JPMorgan Chase & Co.
Key Stories Impacting JPMorgan Chase & Co.
Here are the key news stories impacting JPMorgan Chase & Co. this week:
- Positive Sentiment: Q1 beat on both earnings and revenue — net margin ~20.4% and ROE ~17.2% — driven by strong trading and investment-banking activity; this directly supports upside in JPM’s near-term profitability and valuation. JPMorgan profit rises as volatile markets drive trading division
- Positive Sentiment: Management is expanding digital and blockchain offerings (rebranding Onyx, broader use of JPM Coin and support for a tokenized money-market fund). These initiatives can boost fee income and differentiate JPM in institutional digital services over time. JPMorgan Deepens Blockchain Bet As Tokenization Meets Valuation Opportunity
- Positive Sentiment: JPMorgan launched a major community-lending/expansion push (framed as a multi?year “American Dream” initiative and related investment commitments) that could support longer-term loan growth, deposits and franchise value if execution and returns track. JPMorgan Is Betting on the ‘American Dream’ with a New $1.5 Trillion Initiative
- Neutral Sentiment: Pre-earnings positioning and analyst notes increased options-implied move expectations; market commentary had anticipated a volatile reaction depending on trading and investment-banking results. JPMorgan Chase is set to report first-quarter earnings – here’s what the Street expects
- Neutral Sentiment: Corporate portfolio moves: JPMorgan disclosed a notifiable ~6.5% stake in Hexagon Composites and also adjusted other institutional holdings; these are portfolio actions that don’t materially change JPM’s core fundamentals. JPMorgan Discloses Notifiable 6.5% Stake in Hexagon Composites
- Negative Sentiment: JPMorgan research flagged a sharp oil-price rise risk (crude >$104) that could drive consumer pain from higher fuel costs — a macro risk that could weigh on consumer spending and credit performance, offsetting some bank upside. Fuel Costs Poised for Sharp Increase as Crude Crosses $104 Mark
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.
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