JPMorgan Chase & Co. $JPM Shares Acquired by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 8.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 113,536 shares of the financial services provider’s stock after buying an additional 9,279 shares during the quarter. JPMorgan Chase & Co. makes up 1.2% of Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings, making the stock its 16th biggest holding. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in JPMorgan Chase & Co. were worth $33,398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $11,396,496,000. Cardano Risk Management B.V. grew its position in shares of JPMorgan Chase & Co. by 889.3% in the fourth quarter. Cardano Risk Management B.V. now owns 8,673,530 shares of the financial services provider’s stock valued at $2,794,785,000 after purchasing an additional 7,796,814 shares in the last quarter. Danske Bank A S acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $696,885,000. American Assets Investment Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 1,172.2% in the fourth quarter. American Assets Investment Management LLC now owns 2,259,400 shares of the financial services provider’s stock valued at $728,024,000 after purchasing an additional 2,081,800 shares during the last quarter. Finally, Holocene Advisors LP lifted its position in JPMorgan Chase & Co. by 1,033.3% during the third quarter. Holocene Advisors LP now owns 2,155,120 shares of the financial services provider’s stock worth $679,790,000 after buying an additional 1,964,958 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JPM has been the subject of several analyst reports. Robert W. Baird set a $295.00 target price on JPMorgan Chase & Co. in a report on Wednesday, April 15th. DZ Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, April 15th. HSBC boosted their price target on shares of JPMorgan Chase & Co. from $288.00 to $312.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $350.00 to $360.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Barclays reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, May 6th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $342.12.

JPMorgan Chase & Co. Stock Up 1.0%

Shares of JPM opened at $337.82 on Tuesday. The firm has a market cap of $905.19 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $343.45. The company’s 50-day moving average price is $313.35 and its 200 day moving average price is $309.02. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results 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 business had revenue of $50.54 billion during the quarter, compared to analysts’ expectations of $48.30 billion. JPMorgan Chase & Co. had a net margin of 20.66% and a return on equity of 17.54%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the business earned $5.07 earnings per share. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 22.76 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s payout ratio is currently 28.74%.

Insider Activity at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,919 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total transaction of $1,522,036.98. Following the transaction, the chief operating officer owned 85,082 shares of the company’s stock, valued at approximately $26,326,072.44. This represents a 5.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $330.73, for a total value of $1,808,100.91. Following the transaction, the general counsel 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 33,623 shares of company stock worth $10,427,835. 0.41% of the stock is currently owned by company insiders.

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: Wells Fargo raised its price target on JPMorgan Chase & Co. (JPM) to $360 and kept an overweight rating, reinforcing bullish expectations for the stock.
• Positive Sentiment: JPMorgan strategists urged investors to buy the semiconductor pullback, which highlights the firm’s continued influence on market sentiment and supports a risk-on tone for cyclical and AI-related trades.
• Positive Sentiment: Reports that major U.S. banks, including JPMorgan, are exploring a possible Fiserv network deal suggest management is still evaluating strategic fintech opportunities. Big US banks explore Fiserv network deal, WSJ reports
• Neutral Sentiment: JPMorgan’s macro outlook warned that global stocks could face a summer slowdown, but the bank argued AI will not be the only market driver going forward, which is more of a market commentary than a direct earnings catalyst. Global stocks may be headed for a summer swoon. Why AI won’t be the only story that matters, JPMorgan says
• Neutral Sentiment: JPMorgan CEO Jamie Dimon reiterated his opposition to stablecoin yield rules in the CLARITY Act, a policy stance that may matter longer term but does not appear to be an immediate stock driver. Jamie Dimon Said JPMorgan Will Fight Stablecoin Yield Rules in the CLARITY Act Before Congress Breaks for Its August Recess.
• Negative Sentiment: JPMorgan’s bearish call on the oil and economy signals caution on the macro backdrop, which could weigh on investor sentiment toward financials if growth concerns deepen. JPMorgan sends blunt verdict on oil, economy

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.