Aureus Asset Management LLC Acquires 2,685 Shares of JPMorgan Chase & Co. $JPM

Aureus Asset Management LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 15.3% during the first quarter, Holdings Channel reports. The fund owned 20,282 shares of the financial services provider’s stock after purchasing an additional 2,685 shares during the period. Aureus Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $5,966,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Dynamic Wealth Strategies LLC boosted its stake in JPMorgan Chase & Co. by 42.8% in the 1st quarter. Dynamic Wealth Strategies LLC now owns 2,181 shares of the financial services provider’s stock valued at $642,000 after purchasing an additional 654 shares during the period. Levin Capital Strategies L.P. boosted its position in shares of JPMorgan Chase & Co. by 2.9% in the first quarter. Levin Capital Strategies L.P. now owns 177,327 shares of the financial services provider’s stock valued at $52,162,000 after acquiring an additional 5,016 shares during the period. Clearwater Capital Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 1.4% in the first quarter. Clearwater Capital Advisors LLC now owns 4,317 shares of the financial services provider’s stock valued at $1,270,000 after acquiring an additional 61 shares in the last quarter. Sachem Hill LLC grew its stake in shares of JPMorgan Chase & Co. by 41.4% in the first quarter. Sachem Hill LLC now owns 2,968 shares of the financial services provider’s stock valued at $873,000 after acquiring an additional 869 shares in the last quarter. Finally, NewEdge Wealth LLC increased its position in JPMorgan Chase & Co. by 2.5% during the first quarter. NewEdge Wealth LLC now owns 492,565 shares of the financial services provider’s stock worth $144,893,000 after acquiring an additional 12,064 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan continues to draw favorable analyst attention, with multiple reports saying it remains a strong long-term and momentum pick for investors. Wall Street Analysts Think JPMorgan Chase & Co. (JPM) Is a Good Investment: Is It?
• Positive Sentiment: Recent commentary highlighted JPMorgan’s earnings strength and AI-related growth themes in banking, which supports the view that the company can keep outperforming peers. JPMorgan Sees AI-Powered Growth For Banks; Stock Pops Into Buy Zone After Earnings Growth
• Positive Sentiment: JPMorgan was also cited as a top momentum candidate and long-term stock pick by Zacks, adding to the bullish sentiment around the shares. Are You Looking for a Top Momentum Pick? Why JPMorgan Chase & Co. (JPM) is a Great Choice
• Neutral Sentiment: The bank completed $9 billion in debt offerings, which is a routine capital-markets transaction that may help funding flexibility but is not clearly a major near-term catalyst. JPMorgan Chase Raises $9 Billion Through Debt Offerings
• Neutral Sentiment: JPMorgan’s broader market commentary on oil, Iran-related disruption, and global risks reflects its macro views, but these notes are more informative than directly stock-moving for JPM itself. Here’s what each additional month of Iran-conflict disruption means for oil prices
• Negative Sentiment: House lawmakers questioned former JPMorgan executive Jes Staley over Epstein-related ties, which keeps reputational and legal-overhang concerns in the background for the bank. House lawmakers grill former JPMorgan executive Jes Staley over Epstein ties

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 4,919 shares of the business’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 completion of the sale, the chief operating officer owned 85,082 shares of the company’s stock, valued at $26,326,072.44. The trade was a 5.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the sale, the general counsel directly owned 40,961 shares of the company’s stock, valued at approximately $13,547,031.53. The trade was a 11.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 18,876 shares of company stock valued at $5,907,051. Insiders own 0.41% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.1%

NYSE:JPM opened at $352.88 on Monday. The firm has a market cap of $945.55 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.47 and a beta of 0.99. The firm has a 50-day simple moving average of $323.74 and a two-hundred day simple moving average of $310.97. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $353.37. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.85.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $50.72 billion. During the same quarter in the prior year, the business earned $4.96 EPS. The business’s revenue for the quarter was up 27.7% compared to the same quarter last year. Analysts predict that JPMorgan Chase & Co. will post 23.97 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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 issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.71%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JPM. The Goldman Sachs Group reissued a “buy” rating and set a $418.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Argus increased their target price on JPMorgan Chase & Co. from $340.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Daiwa Securities Group dropped their price target on shares of JPMorgan Chase & Co. from $340.00 to $328.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Finally, Royal Bank Of Canada lifted their price objective on JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $358.67.

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.