Calamos Advisors LLC Lowers Stock Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Calamos Advisors LLC cut its JPMorgan Chase stake by 12% in the second quarter, selling 96,552 shares and retaining 708,384 shares valued at approximately $231.9 million.
• Institutional investors own 71.55% of JPMorgan’s stock, with several major firms—including Bank of America and Cardano Risk Management—recently increasing their positions.
• JPMorgan reported strong quarterly results, with EPS of $6.14 and revenue of $58.02 billion, both above estimates. Analysts maintain a “Moderate Buy” consensus, though the bank’s trading desk has become tactically cautious amid interest-rate uncertainty.

Calamos Advisors LLC reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 12.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 708,384 shares of the financial services provider's stock after selling 96,552 shares during the quarter. JPMorgan Chase & Co. makes up 0.8% of Calamos Advisors LLC's portfolio, making the stock its 17th biggest holding. Calamos Advisors LLC's holdings in JPMorgan Chase & Co. were worth $231,875,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $11,396,496,000. Bank of America Corp DE increased its stake in shares of JPMorgan Chase & Co. by 15.8% during the 1st 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. Cardano Risk Management B.V. increased its stake in shares of JPMorgan Chase & Co. by 889.3% during the 4th quarter. Cardano Risk Management B.V. now owns 8,673,530 shares of the financial services provider's stock valued at $2,794,785,000 after acquiring an additional 7,796,814 shares during the last quarter. Ascentis Wealth Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 32,672.0% during the 2nd quarter. Ascentis Wealth Management LLC now owns 4,647,071 shares of the financial services provider's stock worth $1,521,126,000 after acquiring an additional 4,632,891 shares during the period. Finally, American Assets Investment Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1,172.2% during the 4th quarter. American Assets Investment Management LLC now owns 2,259,400 shares of the financial services provider's stock worth $728,024,000 after acquiring an additional 2,081,800 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan has increased its planned capital returns, including a larger share-repurchase authorization and higher payouts. Strong investment-banking and trading activity, loan and deposit growth, and a resilient balance sheet have also supported the stock’s recent rally. JPM Stock Gains 20.6% in 3 Months: Key Factors to Watch Before Buying
• Positive Sentiment: The bank is expanding its physical branch network, including a flagship location in Chicago, which could strengthen its consumer and wealth-management presence. Its $750 billion housing commitment also highlights a long-term growth opportunity in a strategically important market. How Investors May Respond To JPMorgan Chase Bond Issuance, Branch Expansion and Higher Payouts
• Neutral Sentiment: JPMorgan recently issued callable, unsecured medium-term notes spanning maturities from 2031 to 2056. The financing supports expansion and capital-management flexibility, although it also increases the bank’s funding obligations. JPMorgan Bond Issuance, Branch Expansion and Higher Payouts
• Neutral Sentiment: JPMorgan hired Ward Jones from Deutsche Bank to lead mid-cap basic-materials investment banking, a modest signal of continued confidence in deal-making and advisory demand. JPMorgan Taps Deutsche Bank’s Jones for Mid-Cap Basic Materials Role
• Negative Sentiment: JPMorgan’s trading desk shifted from a bullish view to “tactically cautious” on U.S. equities after hawkish comments from Federal Reserve Chair Kevin Warsh. Concerns include interest-rate uncertainty and a possible unwinding of crowded artificial-intelligence trades, weighing on broader financial-sector sentiment. JPMorgan Turns Tactically Cautious Following Warsh’s Jackson Hole Speech
• Negative Sentiment: Expectations for another rate increase are mixed for JPMorgan: higher rates could lift net interest income, but they may increase stress among revolving-credit borrowers and pressure credit quality. JPMorgan Slips as 60% Hike Odds Cut Both Ways

Insider Activity

In other news, insider Robin Leopold sold 2,500 shares of the company's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $361.41, for a total value of $903,525.00. Following the completion of the sale, the insider owned 73,547 shares of the company's stock, valued at $26,580,621.27. This represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a filing 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, General Counsel Stacey Friedman sold 5,467 shares of the 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 owned 40,961 shares of the company's stock, valued at approximately $13,547,031.53. This trade represents a 11.78% 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. 0.41% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $356.05 on Tuesday. The firm's fifty day simple moving average is $347.92 and its 200 day simple moving average is $319.07. 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 twelve month low of $279.10 and a twelve month high of $366.50. The firm has a market capitalization of $946.45 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.47 and a beta of 0.99.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly 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 return on equity of 18.23% and a net margin of 21.86%.The firm had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. During the same period in the prior year, the firm earned $4.96 EPS. The firm's quarterly revenue was up 27.7% compared to the same quarter last year. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 24.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on JPM shares. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an "outperform" rating in a report on Wednesday, July 15th. Barclays increased their price target on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. Evercore reiterated an "outperform" rating and issued a $360.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 6th. Dbs Bank upgraded JPMorgan Chase & Co. to a "hold" rating in a report on Tuesday, May 12th. Finally, Morgan Stanley reaffirmed a "positive" rating and issued a $370.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $359.96.

JPMorgan Chase & Co. 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.

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