JPMorgan Chase & Co. $JPM Stock Holdings Lifted by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 50.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 8,577 shares of the financial services provider’s stock after acquiring an additional 2,890 shares during the period. Greatmark Investment Partners Inc.’s holdings in JPMorgan Chase & Co. were worth $2,523,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Oceanside Advisors LLC raised its position in JPMorgan Chase & Co. by 4.4% during the first quarter. Oceanside Advisors LLC now owns 2,176 shares of the financial services provider’s stock valued at $640,000 after buying an additional 91 shares during the period. Walser Wealth Management Company A Ltd Liability Co boosted its position in JPMorgan Chase & Co. by 12.3% during the 1st quarter. Walser Wealth Management Company A Ltd Liability Co now owns 3,821 shares of the financial services provider’s stock worth $1,124,000 after acquiring an additional 417 shares during the period. Schear Investment Advisers LLC boosted its position in JPMorgan Chase & Co. by 0.6% during the 1st quarter. Schear Investment Advisers LLC now owns 13,654 shares of the financial services provider’s stock worth $4,016,000 after acquiring an additional 80 shares during the period. Busey Bank grew its stake in JPMorgan Chase & Co. by 1.1% during the 1st quarter. Busey Bank now owns 220,718 shares of the financial services provider’s stock valued at $64,926,000 after acquiring an additional 2,390 shares in the last quarter. Finally, PUREfi Wealth LLC grew its stake in JPMorgan Chase & Co. by 2.8% during the 1st quarter. PUREfi Wealth LLC now owns 5,809 shares of the financial services provider’s stock valued at $1,709,000 after acquiring an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CFO Jeremy Barnum sold 3,022 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $309.41, for a total transaction of $935,037.02. Following the transaction, the chief financial officer owned 32,438 shares in the company, valued at approximately $10,036,641.58. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jennifer Piepszak sold 4,919 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were 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 in the company, valued at $26,326,072.44. This represents a 5.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 33,623 shares of company stock worth $10,427,835 over the last ninety days. 0.41% of the stock is currently owned by 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?

JPMorgan Chase & Co. Stock Up 0.2%

JPM opened at $336.03 on Friday. The company has a market capitalization of $900.40 billion, a PE 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. has a fifty-two week low of $279.10 and a fifty-two week high of $343.45. The business has a 50-day moving average of $315.85 and a 200-day moving average of $309.79.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $5.94 EPS for the quarter, beating the consensus estimate of $5.50 by $0.44. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.The business had revenue of $50.54 billion during the quarter, compared to analysts’ expectations of $48.30 billion. During the same quarter in the previous year, the business posted $5.07 EPS. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. Equities research analysts forecast that JPMorgan Chase & Co. will post 22.82 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. DZ Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, April 15th. Dbs Bank raised shares of JPMorgan Chase & Co. to a “hold” rating in a research report on Tuesday, May 12th. Wells Fargo & Company upped their price objective on shares of JPMorgan Chase & Co. from $350.00 to $360.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Autonomous Res cut their target price on shares of JPMorgan Chase & Co. from $360.00 to $324.00 and set a “neutral” rating for the company in a research report on Monday, April 6th. Finally, Zacks Research lowered shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat.com, the company has an average 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.