Massachusetts Financial Services Co. MA Has $4.03 Billion Holdings in JPMorgan Chase & Co. $JPM

Massachusetts Financial Services Co. MA reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 16.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,270,986 shares of the financial services provider’s stock after selling 2,391,113 shares during the period. JPMorgan Chase & Co. makes up approximately 1.3% of Massachusetts Financial Services Co. MA’s holdings, making the stock its 9th biggest holding. Massachusetts Financial Services Co. MA’s holdings in JPMorgan Chase & Co. were worth $4,026,741,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Carrera Capital Advisors boosted its holdings in shares of JPMorgan Chase & Co. by 0.8% in the second quarter. Carrera Capital Advisors now owns 21,175 shares of the financial services provider’s stock valued at $6,931,000 after buying an additional 172 shares during the period. Ranch Capital Advisors Inc. raised its holdings in shares of JPMorgan Chase & Co. by 8.3% during the second quarter. Ranch Capital Advisors Inc. now owns 18,859 shares of the financial services provider’s stock worth $6,173,000 after acquiring an additional 1,447 shares during the period. Warburton Capital Management LLC lifted its position in JPMorgan Chase & Co. by 3.4% in the 2nd quarter. Warburton Capital Management LLC now owns 1,795 shares of the financial services provider’s stock valued at $587,000 after acquiring an additional 59 shares in the last quarter. Hohimer Wealth Management LLC lifted its position in JPMorgan Chase & Co. by 2.2% in the 2nd quarter. Hohimer Wealth Management LLC now owns 25,882 shares of the financial services provider’s stock valued at $8,472,000 after acquiring an additional 558 shares in the last quarter. Finally, Platt Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 0.7% in the 2nd quarter. Platt Wealth Management LLC now owns 18,567 shares of the financial services provider’s stock worth $6,077,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Trending Headlines about 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

Insiders Place Their Bets

In related news, General Counsel Stacey Friedman sold 5,467 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $330.73, for a total value of $1,808,100.91. Following the sale, the general counsel directly owned 40,961 shares of the company’s stock, valued at $13,547,031.53. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $361.41, for a total value of $903,525.00. Following the completion of the transaction, the insider owned 73,547 shares in the company, valued at approximately $26,580,621.27. This represents a 3.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.41% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.7%

JPMorgan Chase & Co. stock opened at $362.11 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $962.56 billion, a P/E ratio of 15.51, a PEG ratio of 1.47 and a beta of 0.98. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $366.50. The stock has a 50-day simple moving average of $349.30 and a 200 day simple moving average of $320.17.

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

Analyst Upgrades and Downgrades

JPM has been the subject of a number of research reports. Zacks Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Citigroup upped their price objective on JPMorgan Chase & Co. from $325.00 to $360.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. The Goldman Sachs Group reissued a “buy” rating and issued a $418.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Dbs Bank upgraded JPMorgan Chase & Co. to a “hold” rating in a research note on Tuesday, May 12th. Finally, Robert W. Baird upped their price target 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 investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $359.96.

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.