Calamos Wealth Management LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,773 shares of the financial services provider's stock after selling 4,133 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.8% of Calamos Wealth Management LLC's holdings, making the stock its 17th largest position. Calamos Wealth Management LLC's holdings in JPMorgan Chase & Co. were worth $28,076,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Daiwa Securities Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 2.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 599,047 shares of the financial services provider's stock valued at $196,086,000 after acquiring an additional 14,081 shares during the last quarter. Invenio Wealth Partners LLC lifted its holdings in JPMorgan Chase & Co. by 1.6% in the 2nd quarter. Invenio Wealth Partners LLC now owns 3,702 shares of the financial services provider's stock worth $1,212,000 after purchasing an additional 57 shares during the last quarter. GatePass Capital LLC lifted its holdings in JPMorgan Chase & Co. by 5.1% in the 2nd quarter. GatePass Capital LLC now owns 5,469 shares of the financial services provider's stock worth $1,790,000 after purchasing an additional 267 shares during the last quarter. AGP Franklin LLC boosted its position in JPMorgan Chase & Co. by 2.4% during the second quarter. AGP Franklin LLC now owns 24,405 shares of the financial services provider's stock worth $7,988,000 after purchasing an additional 568 shares during the period. Finally, Aviance Capital Partners LLC boosted its position in JPMorgan Chase & Co. by 3.3% during the second quarter. Aviance Capital Partners LLC now owns 83,837 shares of the financial services provider's stock worth $27,442,000 after purchasing an additional 2,710 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.
JPMorgan Chase & Co. Stock Performance
Shares of NYSE JPM opened at $356.05 on Tuesday. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $366.50. The company has a market cap of $946.45 billion, a P/E ratio of 15.25, a P/E/G ratio of 1.47 and a beta of 0.99. The business's 50 day moving average is $347.92 and its two-hundred day moving average is $319.07. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30.
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 earnings per share for the quarter, beating the consensus estimate of $5.59 by $0.55. The company had revenue of $58.02 billion during the quarter, compared to analysts' expectations of $50.72 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.JPMorgan Chase & Co.'s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.96 earnings per share. On average, equities analysts expect that JPMorgan Chase & Co. will post 24.28 EPS for the current year.
More JPMorgan Chase & Co. News
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 Buying and Selling at JPMorgan Chase & Co.
In related news, General Counsel Stacey Friedman sold 5,467 shares of the company's stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the completion of the transaction, the general counsel directly owned 40,961 shares in the company, valued at $13,547,031.53. This represents a 11.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $361.41, for a total transaction of $903,525.00. Following the completion of the sale, the insider directly owned 73,547 shares of the company's stock, valued at approximately $26,580,621.27. This trade represents a 3.29% decrease in their ownership of the stock. 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.
Analyst Ratings Changes
JPM has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a "buy" rating and issued a $418.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Royal Bank Of Canada upped their price objective on shares of JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an "outperform" rating in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and set a $375.00 target price on the stock in a research note on Wednesday, July 22nd. Evercore reiterated an "outperform" rating and issued a $360.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 6th. Finally, Morgan Stanley reissued a "positive" rating and set a $370.00 target price on shares of JPMorgan Chase & Co. 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and a consensus target price of $359.96.
Get Our Latest Stock Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Profile
(
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.
Further Reading
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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