WealthPLAN Partners LLC Sells 3,413 Shares of JPMorgan Chase & Co. $JPM

WealthPLAN Partners LLC lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 15.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,962 shares of the financial services provider’s stock after selling 3,413 shares during the period. JPMorgan Chase & Co. accounts for 1.1% of WealthPLAN Partners LLC’s holdings, making the stock its 22nd largest holding. WealthPLAN Partners LLC’s holdings in JPMorgan Chase & Co. were worth $5,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Addison Capital Co grew its holdings in shares of JPMorgan Chase & Co. by 8.3% during the first quarter. Addison Capital Co now owns 30,933 shares of the financial services provider’s stock worth $9,099,000 after purchasing an additional 2,365 shares during the last quarter. Clearwave Capital LLC raised its holdings in JPMorgan Chase & Co. by 18.6% in the 1st quarter. Clearwave Capital LLC now owns 2,618 shares of the financial services provider’s stock valued at $770,000 after buying an additional 410 shares during the last quarter. Hartline Investment Corp boosted its position in JPMorgan Chase & Co. by 1.7% during the 1st quarter. Hartline Investment Corp now owns 14,564 shares of the financial services provider’s stock worth $4,284,000 after buying an additional 244 shares during the period. Horst & Graben Wealth Management LLC boosted its position in JPMorgan Chase & Co. by 29.8% during the 1st quarter. Horst & Graben Wealth Management LLC now owns 3,470 shares of the financial services provider’s stock worth $1,081,000 after buying an additional 796 shares during the period. Finally, Pioneer Trust Bank N A OR grew its holdings in JPMorgan Chase & Co. by 1.1% during the 1st quarter. Pioneer Trust Bank N A OR now owns 46,369 shares of the financial services provider’s stock worth $13,640,000 after acquiring an additional 524 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Trading Up 0.2%

Shares of JPMorgan Chase & Co. stock traded up $0.56 on Friday, hitting $336.03. 6,296,685 shares of the company’s stock traded hands, compared to its average volume of 10,089,124. The company has a fifty day moving average of $315.85 and a two-hundred day moving average of $309.79. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $343.45. The company has a market capitalization of $900.40 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.86 and a quick ratio of 0.86.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.50 by $0.44. The firm had revenue of $50.54 billion for the quarter, compared to analyst estimates of $48.30 billion. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.The company’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.07 earnings per share. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 22.82 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s payout ratio is presently 28.74%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 9,136 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $306.56, for a total value of $2,800,732.16. Following the completion of the sale, the chief operating officer directly owned 90,001 shares in the company, valued at approximately $27,590,706.56. This trade represents a 9.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,468 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $300.27, for a total transaction of $1,641,876.36. Following the completion of the sale, the general counsel directly owned 46,428 shares of the company’s stock, valued at approximately $13,940,935.56. This trade represents a 10.54% decrease in their ownership of the stock. 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. Insiders have sold a total of 33,623 shares of company stock valued at $10,427,835 over the last ninety days. 0.41% of the stock is owned by corporate insiders.

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan’s AI agents reportedly beat both a 60/40 portfolio and the bank’s rules-based model in backtests, suggesting the company may have a useful edge in applying AI to investing and portfolio construction. JPMorgan AI Agents Beat Traditional Investment Portfolios in Historical Simulations
• Positive Sentiment: Analysts are turning more constructive ahead of earnings, with JPMorgan’s upcoming Q2 results expected to benefit from strong trading and deal activity, which could support earnings momentum. JPMorgan Q2 Earnings Preview — Analysts Raise JPM Stock Price Targets
• Positive Sentiment: JPMorgan is being highlighted as one of the more attractive financial stocks, and a higher price target from Morgan Stanley has added to the bullish tone around the name. JPMorgan (JPM) Ranks Among Most Profitable Stocks
• Neutral Sentiment: Market commentary suggests the broader banking sector could get a boost from upcoming earnings, but results will need to confirm that optimism before it becomes a stronger stock driver. Bank Earnings to Get Wall Street Boost. Can Main Street Keep Up?

Wall Street Analyst Weigh In

JPM has been the subject of several analyst reports. Truist Financial raised their price target on shares of JPMorgan Chase & Co. from $332.00 to $344.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $336.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, June 29th. Weiss Ratings raised JPMorgan Chase & Co. from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, July 6th. Argus upped their price target on JPMorgan Chase & Co. from $340.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Finally, Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $350.00 to $360.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Fourteen analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $345.33.

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.