CENTRAL TRUST Co Decreases Stake in JPMorgan Chase & Co. $JPM

Key Points

• CENTRAL TRUST Co trimmed its JPMorgan Chase stake by 2.2% in the fourth quarter, selling 3,613 shares and ending with 163,038 shares valued at about $52.5 million.
• JPMorgan reported strong quarterly results, with EPS of $5.94 beating estimates and revenue of $50.54 billion topping expectations, while revenue rose 10% year over year.
• Analysts remain mixed but constructive on the stock, with a consensus rating of “Moderate Buy” and an average price target of $338.12; the company also paid a $1.50 quarterly dividend, or $6.00 annualized.

CENTRAL TRUST Co reduced its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,038 shares of the financial services provider's stock after selling 3,613 shares during the period. JPMorgan Chase & Co. accounts for about 1.0% of CENTRAL TRUST Co's investment portfolio, making the stock its 25th biggest position. CENTRAL TRUST Co's holdings in JPMorgan Chase & Co. were worth $52,534,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in JPM. Brighton Jones LLC lifted its position in shares of JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after buying an additional 4,841 shares in the last quarter. Acorns Advisers LLC lifted its position in shares of JPMorgan Chase & Co. by 6.9% in the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider's stock worth $379,000 after buying an additional 100 shares in the last quarter. Ignite Planners LLC lifted its position in shares of JPMorgan Chase & Co. by 0.7% in the second quarter. Ignite Planners LLC now owns 10,934 shares of the financial services provider's stock worth $3,185,000 after buying an additional 78 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of JPMorgan Chase & Co. in the second quarter worth about $1,475,000. Finally, Betterment LLC lifted its position in shares of JPMorgan Chase & Co. by 27.5% in the second quarter. Betterment LLC now owns 1,970 shares of the financial services provider's stock worth $571,000 after buying an additional 425 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 3,404 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $306.40, for a total value of $1,042,985.60. Following the transaction, the general counsel owned 61,949 shares of the company's stock, valued at $18,981,173.60. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Troy L. Rohrbaugh sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $307.11, for a total value of $15,355,500.00. Following the completion of the transaction, the chief executive officer directly owned 111,279 shares in the company, valued at approximately $34,174,893.69. This trade represents a 31.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 79,849 shares of company stock valued at $24,522,956 over the last 90 days. 0.41% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of research analyst reports. Truist Financial boosted their target price on JPMorgan Chase & Co. from $323.00 to $332.00 and gave the stock a "hold" rating in a research report on Wednesday, April 15th. Wells Fargo & Company decreased their price objective 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. Daiwa Securities Group decreased their price objective on JPMorgan Chase & Co. from $340.00 to $328.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 7th. Keefe, Bruyette & Woods restated an "outperform" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, February 24th. Finally, Royal Bank Of Canada restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Monday, May 4th. Fifteen research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $338.12.

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: JPMorgan Asset Management launched a second tokenized money market fund on Ethereum, extending its push into blockchain-based finance and potentially creating a new fee-generating product line. J.P. Morgan Asset Management Launches Second Tokenized Money Market Fund on Ethereum
• Positive Sentiment: Fidelity International’s tokenized fund uses JPMorgan-provided daily NAV data, underscoring JPMorgan’s growing role in institutional blockchain infrastructure and market plumbing. Fidelity International launches Moody’s-rated tokenized fund on Chainlink
• Positive Sentiment: Zacks highlighted JPMorgan’s asset and wealth management business as a Q1 standout, noting revenue growth, rising assets under management, and net inflows — a sign of durable fee income. JPMorgan's Quiet Q1 Standout: Asset & Wealth Management Business
• Neutral Sentiment: Reports that JPMorgan may reshuffle investment bank leadership suggest internal reorganization, but this is not clearly a near-term earnings driver. JPMorgan to reshuffle investment bank chiefs on wider overhaul, FT reports
• Negative Sentiment: Jamie Dimon warned JPMorgan could reconsider its planned London headquarters if the UK becomes more hostile to banks or raises taxes, adding policy uncertainty around a major long-term investment. Jamie Dimon warns JP Morgan may rethink new London office if 'very smart' Starmer is ousted as UK PM

JPMorgan Chase & Co. Trading Down 1.4%

JPM opened at $300.49 on Thursday. The stock has a market cap of $805.17 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 1.49 and a beta of 1.03. The stock's 50 day moving average price is $299.71 and its 200-day moving average price is $307.39. JPMorgan Chase & Co. has a one year low of $256.00 and a one year high of $337.25. 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. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.50 by $0.44. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.The company had revenue of $50.54 billion for the quarter, compared to analysts' expectations of $48.30 billion. During the same quarter in the prior year, the firm earned $5.07 earnings per share. JPMorgan Chase & Co.'s revenue was up 10.0% compared to the same quarter last year. On average, equities analysts forecast that JPMorgan Chase & Co. will post 22.42 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Monday, April 6th were paid a $1.50 dividend. The ex-dividend date of this dividend was Monday, April 6th. This represents a $6.00 annualized dividend and a yield of 2.0%. JPMorgan Chase & Co.'s dividend payout ratio is 28.74%.

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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