L. Roy Papp & Associates LLP Has $13.16 Million Holdings in JPMorgan Chase & Co. $JPM

L. Roy Papp & Associates LLP lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 30.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,201 shares of the financial services provider’s stock after purchasing an additional 9,402 shares during the quarter. JPMorgan Chase & Co. accounts for 1.4% of L. Roy Papp & Associates LLP’s holdings, making the stock its 23rd largest position. L. Roy Papp & Associates LLP’s holdings in JPMorgan Chase & Co. were worth $13,159,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Morgan Stanley increased its holdings in JPMorgan Chase & Co. by 1.4% in the 4th quarter. Morgan Stanley now owns 66,385,268 shares of the financial services provider’s stock valued at $21,390,662,000 after buying an additional 939,421 shares during the period. Bank of America Corp DE raised its stake in JPMorgan Chase & Co. by 15.8% during 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 acquiring an additional 8,941,351 shares in the last quarter. Norges Bank bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $11,396,496,000. Bank of New York Mellon Corp lifted its holdings in shares of JPMorgan Chase & Co. by 5.4% in 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 boosted its stake in shares of JPMorgan Chase & Co. by 0.6% in 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 purchasing an additional 110,586 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 1.6%

Shares of NYSE JPM opened at $357.38 on Thursday. The company has a 50 day simple moving average of $343.09 and a 200 day simple moving average of $316.79. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.85. JPMorgan Chase & Co. has a 1 year low of $279.10 and a 1 year high of $366.50. The firm has a market cap of $949.98 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.49 and a beta of 0.99.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.59 by $0.55. The firm had revenue of $58.02 billion for the quarter, compared to analyst estimates of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The company’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.96 EPS. On average, research analysts forecast that JPMorgan Chase & Co. will post 24.28 EPS for the current year.

Key Stories Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan’s market-leading profitability and resilient earnings remain supportive. The bank recently reported earnings and revenue above consensus expectations, while analysts continue to project solid full-year earnings. JPMorgan Stock Falls as Treasury Yields Retreat
• Positive Sentiment: J.P. Morgan Life Sciences Private Capital appointed Bruce N. Rogers, Ph.D., as a venture partner, strengthening the firm’s specialist investment capabilities and potentially supporting long-term asset-management growth. J.P. Morgan Life Sciences Private Capital Appointment
• Neutral Sentiment: JPMorgan is reportedly among the lead underwriters arranging an expanded credit facility for Anthropic ahead of a potential IPO. The mandate could generate fees and reinforce JPMorgan’s investment-banking position, but it is unlikely to materially affect near-term earnings. Anthropic Pre-IPO Financing
• Neutral Sentiment: Articles continue to focus on succession risk after Jamie Dimon eventually steps down. His long tenure supports investor confidence, but the company’s scale and depth of management may limit the impact of any leadership transition. Jamie Dimon Succession Analysis
• Negative Sentiment: Retreating Treasury yields provided the clearest trading-related reason for JPMorgan’s weakness. Investors appear to be taking profits in the bank despite record earnings and strong trading revenue, while the stock’s proximity to its 52-week high may have increased sensitivity to selling. JPMorgan Stock Performance Analysis

Insider Activity

In other 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 transaction of $1,808,100.91. Following the completion of the transaction, the general counsel directly owned 40,961 shares in the company, valued at $13,547,031.53. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 2,500 shares of the stock in a transaction on Tuesday, August 11th. The stock was 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 trade represents a 3.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on JPM. Barclays lifted their price target on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Evercore reaffirmed an “outperform” rating and set a $360.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Dbs Bank upgraded JPMorgan Chase & Co. to a “hold” rating in a research note on Tuesday, May 12th. Finally, Zacks Research raised JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.