Healthcare of Ontario Pension Plan Trust Fund Increases Holdings in JPMorgan Chase & Co. $JPM

Healthcare of Ontario Pension Plan Trust Fund increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,281,754 shares of the financial services provider’s stock after purchasing an additional 447,663 shares during the quarter. JPMorgan Chase & Co. makes up approximately 2.8% of Healthcare of Ontario Pension Plan Trust Fund’s investment portfolio, making the stock its 6th biggest position. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.19% of JPMorgan Chase & Co. worth $1,701,887,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Morgan Stanley raised 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 worth $21,390,662,000 after purchasing an additional 939,421 shares during the period. Norges Bank bought a new position in JPMorgan Chase & Co. in the 4th quarter worth $11,396,496,000. Bank of New York Mellon Corp raised its holdings in JPMorgan Chase & Co. by 5.4% in the 4th 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 purchasing an additional 1,194,583 shares during the period. Legal & General Group Plc raised its holdings in 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 worth $6,128,484,000 after purchasing an additional 110,586 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in JPMorgan Chase & Co. by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 16,018,656 shares of the financial services provider’s stock worth $5,161,532,000 after purchasing an additional 296,213 shares during the period. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Trading Down 0.1%

Shares of JPMorgan Chase & Co. stock opened at $320.55 on Monday. The firm has a market cap of $858.93 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.57 and a beta of 1.00. The business has a 50-day moving average price of $306.29 and a 200-day moving average price of $307.03. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a twelve month low of $262.71 and a twelve month high of $337.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share for the quarter, beating analysts’ consensus estimates of $5.50 by $0.44. The firm had revenue of $50.54 billion during 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 business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $5.07 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 22.4 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a dividend of $1.50 per share. The ex-dividend date is Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 28.74%.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 433 shares of the firm’s stock in a transaction dated 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 owned 64,920 shares in the company, valued at $19,155,295.20. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 5,468 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $300.27, for a total value of $1,641,876.36. Following the transaction, the general counsel owned 46,428 shares of the company’s stock, valued at approximately $13,940,935.56. The trade was a 10.54% 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. In the last three months, insiders have sold 28,589 shares of company stock worth $8,747,496. 0.41% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. News Roundup

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

• Positive Sentiment: Erste Group raised its FY2027 earnings estimate for JPMorgan, signaling confidence in the bank’s longer-term profitability; it now expects $23.55 per share versus a prior $23.47. MarketBeat earnings estimate update
• Positive Sentiment: JPMorgan is deepening its presence in the Charlotte suburbs with new branch openings, a sign of continued retail banking expansion and customer acquisition. Business Journals article
• Positive Sentiment: Several recent commentary pieces highlighted JPMorgan as an attractive stock to own, reinforcing the view that investors still see it as a high-quality banking franchise. Yahoo Finance article
• Neutral Sentiment: Media coverage around Jamie Dimon’s criticism of crypto regulation and the “debanking” probe keeps JPMorgan in the regulatory spotlight, but these stories are more about policy debate than immediate fundamentals. Benzinga article
• Negative Sentiment: The Justice Department’s sweeping “debanking” investigation into JPMorgan and other large banks adds a legal and reputational overhang that could weigh on sentiment if the probe intensifies. New York Post/Reuters coverage

Analysts Set New Price Targets

A number of equities analysts recently commented on JPM shares. Barclays reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, May 6th. DZ Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, April 15th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, February 24th. Truist Financial increased their price target on JPMorgan Chase & Co. from $323.00 to $332.00 and gave the stock a “hold” rating in a research note on Wednesday, April 15th. Finally, Jefferies Financial Group reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Monday, May 4th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $339.08.

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.