Cadinha & Co. LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 149.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,210 shares of the financial services provider's stock after purchasing an additional 48,634 shares during the quarter. JPMorgan Chase & Co. makes up 3.9% of Cadinha & Co. LLC's investment portfolio, making the stock its 8th biggest holding. Cadinha & Co. LLC's holdings in JPMorgan Chase & Co. were worth $26,583,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Morgan Stanley grew its position in shares of JPMorgan Chase & Co. by 1.4% in the 4th 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 boosted its holdings in JPMorgan Chase & Co. by 15.8% in the first quarter. Bank of America Corp DE now owns 65,660,460 shares of the financial services provider's stock valued at $19,314,681,000 after acquiring an additional 8,941,351 shares during the last quarter. Norges Bank acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $11,396,496,000. Bank of New York Mellon Corp lifted its holdings in JPMorgan Chase & Co. by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 23,424,482 shares of the financial services provider's stock valued at $7,547,837,000 after buying an additional 1,194,583 shares during the period. Finally, Legal & General Group Plc grew its stake in JPMorgan Chase & Co. by 0.6% during the fourth quarter. Legal & General Group Plc now owns 19,019,564 shares of the financial services provider's stock worth $6,128,484,000 after purchasing an additional 110,586 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 5,467 shares of the firm's stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $330.73, for a total value of $1,808,100.91. Following the completion of the sale, the general counsel directly owned 40,961 shares in the company, valued at $13,547,031.53. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 directly owned 73,547 shares in the company, valued at approximately $26,580,621.27. The trade was a 3.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.41% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on JPM. Zacks Research raised shares of JPMorgan Chase & Co. from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $375.00 to $390.00 and gave the stock an "overweight" rating in a report on Friday, August 14th. Royal Bank Of Canada upped their price target on JPMorgan Chase & Co. from $330.00 to $370.00 and gave the company an "outperform" rating in a research report on Wednesday, July 15th. Evercore reaffirmed an "outperform" rating and issued a $360.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 6th. Finally, Dbs Bank upgraded shares of JPMorgan Chase & Co. to a "hold" rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $359.96.
Get Our Latest Analysis on JPM
JPMorgan Chase & Co. Stock Up 0.1%
JPM opened at $357.22 on Thursday. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $366.50. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.30. The business's 50-day moving average price is $346.22 and its 200-day moving average price is $318.33. The company has a market cap of $949.56 billion, a P/E ratio of 15.31, a P/E/G ratio of 1.47 and a beta of 0.99.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (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 firm had revenue of $58.02 billion for the quarter, compared to analysts' expectations of $50.72 billion. During the same quarter last year, the business earned $4.96 earnings per share. The business's revenue was up 27.7% on a year-over-year basis. On average, equities analysts expect that JPMorgan Chase & Co. will post 24.28 EPS for the current year.
Key JPMorgan Chase & Co. News
Here are the key news stories impacting JPMorgan Chase & Co. this week:
- Positive Sentiment: Wells Fargo analyst Mike Mayo said JPMorgan could become the first bank to reach a $1 trillion market value, with a potential path toward $2 trillion over the next seven to eight years. The forecast reinforces confidence in the bank’s scale, earnings power and long-term growth prospects. JPMorgan valuation outlook
- Positive Sentiment: JPMorgan is evaluating the possibility of launching its own stablecoin as banks increasingly develop blockchain-based payment products. A proprietary digital-dollar instrument could lower payment costs, deepen client relationships and create new fee opportunities, though execution and regulatory risks remain. JPMorgan stablecoin plans
- Positive Sentiment: Jamie Dimon committed JPMorgan to as much as $750 billion in housing-related investment through 2035. Management views the housing shortage as a long-term lending and investment opportunity, potentially expanding loan growth and investment-banking activity. JPMorgan housing investment
- Positive Sentiment: JPMorgan is hiring Citigroup’s Dan McDow to lead its East Coast technology investment-banking business, signaling continued investment in a potentially lucrative technology deal pipeline. JPMorgan technology banking hire
- Neutral Sentiment: JPMorgan is reportedly relaxing some restrictions on lending against recently issued shares held by wealthy AI-company employees and investors. The change could attract high-value clients and boost lending revenue, but it also increases collateral and concentration risk. JPMorgan share-backed lending
- Negative Sentiment: The SEC is scrutinizing JPMorgan and other prime brokers over risk controls surrounding a heavily leveraged hedge fund’s collapse. JPMorgan’s strong balance sheet limits immediate solvency concerns, but tighter margin rules or reduced leverage could pressure prime-brokerage revenue and market liquidity. SEC prime-broker investigation
- Negative Sentiment: Reports of elevated layoffs raise questions about operating conditions and workforce reductions. The cuts may improve efficiency and margins, but could also signal weaker activity in some businesses. JPMorgan layoffs
About JPMorgan Chase & Co.
(
Free Report)
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.
See Also
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).
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