JPMorgan Chase & Co. $JPM Shares Acquired by BNP Paribas

BNP Paribas boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 301,468 shares of the financial services provider’s stock after buying an additional 7,839 shares during the period. JPMorgan Chase & Co. makes up approximately 2.8% of BNP Paribas’ portfolio, making the stock its 9th largest holding. BNP Paribas’ holdings in JPMorgan Chase & Co. were worth $97,519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JPM. Turning Point Benefit Group Inc. acquired a new stake in JPMorgan Chase & Co. during the third quarter valued at approximately $35,000. Merrithew & Thorsten Inc acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $40,000. WHI TRUST Co LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $45,000. Cresta Advisors Ltd. acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $48,000. Finally, Miller Global Investments LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $52,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,919 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total value of $1,522,036.98. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,468 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $300.27, for a total transaction of $1,641,876.36. Following the completion of the sale, 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 28,589 shares of company stock worth $8,747,496 in the last quarter. 0.41% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Trading Up 0.4%

NYSE:JPM opened at $312.48 on Wednesday. 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 $262.71 and a fifty-two week high of $337.25. The stock’s 50-day moving average is $304.87 and its two-hundred day moving average is $306.68. The stock has a market cap of $837.30 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.52 and a beta of 1.00.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share 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 company had revenue of $50.54 billion for 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 business’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 22.4 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be given 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 1.9%. JPMorgan Chase & Co.’s dividend payout ratio is presently 28.74%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. DZ Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, April 15th. Wells Fargo & Company cut their target price on shares of JPMorgan Chase & Co. from $360.00 to $350.00 and set an “overweight” rating for the company in a research note on Tuesday, February 17th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, February 24th. Dbs Bank upgraded shares of JPMorgan Chase & Co. to a “hold” rating in a research report on Tuesday, May 12th. Finally, Zacks Research downgraded shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Fourteen research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $339.08.

Key Stories Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan is expanding its AI push, with plans to deploy autonomous AI agents across banking operations later this year. That reinforces the bank’s reputation as a leader in technology adoption and could improve efficiency over time. JPMorgan Chase plans to deploy more powerful AI agents this year
• Positive Sentiment: The company is also rolling out new tools for small businesses, including better credit insights and customer analytics in Chase for Business, which could strengthen client relationships and deepen deposits/fee opportunities. Chase Offers Small Businesses More Credit Insights
• Positive Sentiment: JPMorgan’s consumer banking chief said spending remains resilient even as inflation rises, suggesting credit quality and loan demand may stay relatively stable for now. JPMorgan Watching Consumer Spending as Inflation Creeps Up
• Neutral Sentiment: The stock is also benefiting from a stronger backdrop for financial shares overall, as the sector traded higher in Tuesday afternoon action. Sector Update: Financial Stocks Advance Tuesday Afternoon
• Negative Sentiment: On the caution side, congressional Democrats are pressing large banks to explain how they will address AI-related cyber risks, which could mean more regulatory scrutiny for JPMorgan and peers. Wells Fargo, JPMorgan, and Other Big Banks Face Pressure to Address AI Risks
• Negative Sentiment: JPMorgan and affiliates also disclosed they are no longer a substantial holder in Immutep Ltd., a routine portfolio/holding update that is unlikely to help sentiment. JPMorgan Ceases to Be Substantial Holder in Immutep Ltd

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.