AIA Group Ltd Sells 59,346 Shares of JPMorgan Chase & Co. $JPM

Key Points

• AIA Group cut its JPMorgan Chase stake by 29.3% in the second quarter, selling 59,346 shares and retaining 142,918 shares valued at approximately $46.8 million.
• JPMorgan shares traded near $356, close to their 12-month high, while the bank reported quarterly EPS of $6.14—above the $5.59 consensus—and revenue growth of 27.7% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $359.96; institutional investors own 71.55% of the company.

AIA Group Ltd reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 29.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,918 shares of the financial services provider's stock after selling 59,346 shares during the quarter. JPMorgan Chase & Co. makes up 0.6% of AIA Group Ltd's holdings, making the stock its 24th largest position. AIA Group Ltd's holdings in JPMorgan Chase & Co. were worth $46,781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Morgan Stanley lifted its position in shares of JPMorgan Chase & Co. by 1.4% during the fourth quarter. Morgan Stanley now owns 66,385,268 shares of the financial services provider's stock valued at $21,390,662,000 after buying an additional 939,421 shares during the last quarter. Bank of America Corp DE grew its position in shares of JPMorgan Chase & Co. by 15.8% in the 1st quarter. Bank of America Corp DE now owns 65,660,460 shares of the financial services provider's stock worth $19,314,681,000 after buying an additional 8,941,351 shares during the last quarter. Norges Bank purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $11,396,496,000. Bank of New York Mellon Corp grew its position in shares of JPMorgan Chase & Co. by 5.4% in the 4th quarter. Bank of New York Mellon Corp now owns 23,424,482 shares of the financial services provider's stock worth $7,547,837,000 after buying an additional 1,194,583 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of JPMorgan Chase & Co. by 0.6% during the 4th quarter. Legal & General Group Plc now owns 19,019,564 shares of the financial services provider's stock worth $6,128,484,000 after acquiring an additional 110,586 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Up 0.4%

Shares of JPMorgan Chase & Co. stock opened at $356.42 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $366.50. The firm has a market capitalization of $947.43 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.46 and a beta of 0.98. The firm's 50 day simple moving average is $348.76 and its two-hundred day simple moving average is $319.75.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $50.72 billion. During the same period in the previous year, the firm posted $4.96 earnings per share. 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 24.28 EPS for the current year.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 5,467 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the completion of the sale, the general counsel 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. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 2,500 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $361.41, for a total value of $903,525.00. Following the sale, the insider owned 73,547 shares in the company, valued at approximately $26,580,621.27. The trade was a 3.29% 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. 0.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Evercore reissued an "outperform" rating and set a $360.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. Citigroup lifted their price target on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the stock a "neutral" rating in a report on Monday, July 20th. Jefferies Financial Group set a $350.00 price target on JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Barclays increased their price objective on JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an "overweight" rating in a report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods raised their price objective on JPMorgan Chase & Co. from $370.00 to $384.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and an average price target of $359.96.

Key Stories Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: Investors are rotating into large-bank stocks as expectations for higher interest rates improve the outlook for net interest income and financial-sector earnings. JPMorgan has particularly strong exposure to diversified banking and markets businesses. Expectations of Rising Rates and Worries About AI Have Investors Piling Into Big Bank Stocks
• Positive Sentiment: JPMorgan’s shares have benefited from rising Treasury yields; a 10-year yield near 4.8% was cited as supporting a stronger net interest income outlook. The bank’s latest results also showed substantial revenue growth and an earnings beat. JPMorgan Rises as 10-Year Treasury Yield Hits 4.8%
• Positive Sentiment: Kinexys, JPMorgan’s blockchain-based payments and settlement platform, is gaining traction. Faster fund transfers and deeper corporate-client relationships could support long-term payments growth and diversify revenue beyond traditional banking. Will Kinexys Fuel JPMorgan’s Next Leg of Payments Growth?
• Neutral Sentiment: The rebranding of Campbell Global as J.P. Morgan Natural Capital highlights growth in nature-based asset management, but the announcement is primarily strategic and is unlikely to materially change near-term earnings. J.P. Morgan Asset Management Announces Rebrand of Campbell Global to J.P. Morgan Natural Capital
• Negative Sentiment: JPMorgan reportedly curbed lending to Jane Street after the trading firm expanded into U.S. Treasury market-making. The move may reflect prudent risk management, but it also underscores intensifying competition in fixed-income markets and potential pressure on related trading relationships. JPMorgan Curbed Lending to Jane Street as Trading Firm Muscled Into Bonds

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.

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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.

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