865,031 Shares in JPMorgan Chase & Co. $JPM Purchased by Eurizon Capital SGR S.p.A.

Key Points

• Eurizon Capital SGR S.p.A. opened a new position in JPMorgan Chase, buying 865,031 shares valued at about $278.8 million in the fourth quarter. The stock now represents 0.9% of the fund’s holdings and its 16th-largest position.
• JPMorgan’s latest quarterly results beat expectations, with EPS of $5.94 versus the $5.50 estimate and revenue of $50.54 billion versus $48.30 billion expected. Revenue rose 10% year over year, and analysts now expect full-year EPS of 22.4.
• The company also announced a quarterly dividend of $1.50 per share, payable July 31, which works out to an annualized dividend of $6.00 and a yield of about 1.9%. Analyst sentiment remains mixed overall, with a consensus rating of “Hold” and an average price target of $339.08.

Eurizon Capital SGR S.p.A. purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 865,031 shares of the financial services provider's stock, valued at approximately $278,807,000. JPMorgan Chase & Co. comprises 0.9% of Eurizon Capital SGR S.p.A.'s holdings, making the stock its 16th biggest holding.

A number of other institutional investors have also recently bought and sold shares of the business. Hillsdale Investment Management Inc. grew its position in shares of JPMorgan Chase & Co. by 4.1% in the fourth quarter. Hillsdale Investment Management Inc. now owns 28,735 shares of the financial services provider's stock valued at $9,259,000 after purchasing an additional 1,143 shares during the last quarter. Triglav Investments D.O.O. grew its position in shares of JPMorgan Chase & Co. by 1.2% in the fourth quarter. Triglav Investments D.O.O. now owns 199,494 shares of the financial services provider's stock valued at $64,282,000 after purchasing an additional 2,403 shares during the last quarter. Zhang Financial LLC grew its position in JPMorgan Chase & Co. by 6.0% during the fourth quarter. Zhang Financial LLC now owns 21,163 shares of the financial services provider's stock worth $6,819,000 after buying an additional 1,195 shares in the last quarter. Valpey Financial Services LLC grew its position in JPMorgan Chase & Co. by 32,530.8% during the fourth quarter. Valpey Financial Services LLC now owns 437,253 shares of the financial services provider's stock worth $140,892,000 after buying an additional 435,913 shares in the last quarter. Finally, Fideuram Asset Management Ireland dac acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $13,261,000. Institutional investors and hedge funds own 71.55% of the company's stock.

More JPMorgan Chase & Co. News

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

• Positive Sentiment: Jamie Dimon is personally helping pitch SpaceX’s blockbuster IPO to thousands of JPMorgan’s wealthy clients, highlighting the bank’s influence in capital markets and potentially boosting fee income. Reuters article on Dimon and SpaceX IPO roadshow
• Positive Sentiment: The bank is backing a shared tokenized deposit network with other major U.S. lenders, a move that could strengthen JPMorgan’s payments and digital-asset infrastructure position versus stablecoin rivals. WSJ article on tokenized deposit system
• Positive Sentiment: Jim Cramer publicly called JPMorgan “the best bank in the world” and said investors can “buy it and put it away,” reinforcing a constructive market view of the stock. Yahoo Finance article on Jim Cramer
• Neutral Sentiment: News that JPMorgan is using its branch network and client base to promote SpaceX underscores its scale and wealth-management reach, but the impact on near-term earnings is uncertain. Benzinga article on SpaceX IPO promotion
• Neutral Sentiment: Separate headlines noted JPMorgan is evaluating acquisition opportunities and may have $10 billion to $20 billion available for a deal, which could be accretive but also adds execution risk. Yahoo Finance article on acquisition opportunities
• Negative Sentiment: JPMorgan also warned that the crypto industry’s CLARITY Act has a narrowing path to passage, which could slow regulatory progress for digital-asset businesses. Benzinga article on CLARITY Act timing

Insider Buying and Selling

In related news, CFO Jeremy Barnum sold 5,611 shares of the firm's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $306.55, for a total transaction of $1,720,052.05. Following the completion of the transaction, the chief financial officer directly owned 35,460 shares of the company's stock, valued at $10,870,263. This trade represents a 13.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jennifer Piepszak sold 9,136 shares of the firm's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $306.56, for a total value of $2,800,732.16. Following the transaction, the chief operating officer directly owned 90,001 shares of the company's stock, valued at approximately $27,590,706.56. This represents a 9.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 28,589 shares of company stock valued at $8,747,496 in the last quarter. 0.41% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Trading Up 0.7%

Shares of JPM stock opened at $312.95 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current 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 company has a market cap of $838.54 billion, a PE ratio of 14.99, a P/E/G ratio of 1.52 and a beta of 1.00. The stock's fifty day moving average price is $303.89 and its two-hundred day moving average price is $306.49.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share (EPS) for the quarter, topping 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 return on equity of 17.54% and a net margin of 20.66%.The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.07 EPS. Equities analysts predict that JPMorgan Chase & Co. will post 22.4 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, July 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 28.74%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on JPM shares. Robert W. Baird set a $295.00 price target on JPMorgan Chase & Co. in a research report on Wednesday, April 15th. DZ Bank reissued a "neutral" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, April 15th. Wells Fargo & Company reduced their price target on JPMorgan Chase & Co. from $360.00 to $350.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 17th. Royal Bank Of Canada reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Monday, May 4th. Finally, Autonomous Res reduced their price target on JPMorgan Chase & Co. from $360.00 to $324.00 and set a "neutral" rating on the stock in a research report on Monday, April 6th. Fourteen research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and an average price target of $339.08.

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.

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.