Commerzbank Aktiengesellschaft FI Has $160.13 Million Stock Position in JPMorgan Chase & Co. $JPM

Key Points

• Commerzbank Aktiengesellschaft FI increased its JPMorgan Chase position by 0.8% in the second quarter, holding 489,209 shares valued at approximately $160.13 million. JPMorgan represents about 3.2% of Commerzbank’s portfolio.
• JPMorgan reported strong quarterly results, with earnings of $6.14 per share and revenue of $58.02 billion, exceeding analyst estimates. The stock was trading near its 52-week high, while analysts maintained a consensus “Moderate Buy” rating and an average price target of $359.96.
• Institutional ownership stands at 71.55%, but recent insider sales and concerns about a historically low equity risk premium highlight potential market and sentiment risks.

Commerzbank Aktiengesellschaft FI boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 489,209 shares of the financial services provider's stock after buying an additional 3,964 shares during the quarter. JPMorgan Chase & Co. makes up approximately 3.2% of Commerzbank Aktiengesellschaft FI's holdings, making the stock its 8th largest holding. Commerzbank Aktiengesellschaft FI's holdings in JPMorgan Chase & Co. were worth $160,133,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of JPM. Timmons Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $32,000. MBM Wealth Consultants LLC bought a new stake in JPMorgan Chase & Co. during the 1st quarter worth about $29,000. Aventus Investment Advisors Inc. bought a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $33,000. Finally, Osbon Capital Management LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $35,000. 71.55% of the stock is currently owned by institutional investors.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan’s profitability and capital-return capacity remain major supports. Recent coverage highlighted approximately $16.9 billion in quarterly profit, with dividends consuming only a portion of earnings, leaving room for reinvestment, buybacks and future distributions. JPMorgan earnings and dividend coverage
• Positive Sentiment: The bank is expanding its European corporate-banking operations, including a reported 25% staffing increase and a push into Greece. The strategy could create additional lending, payments, investment-banking and cross-selling revenue over time. JPMorgan Greece expansion
• Positive Sentiment: Wall Street sentiment remains constructive, with JPMorgan described as a well-capitalized bank trading at an attractive valuation relative to its earnings, scale and exposure to investment banking, asset management and higher interest rates. The average analyst rating is “Moderate Buy.” JPMorgan analyst sentiment
• Neutral Sentiment: Insider Robin Leopold sold 2,500 shares for approximately $882,000 under a pre-arranged Rule 10b5-1 trading plan. The sale reduced her direct holdings by 3.4%, but its planned nature makes it a limited signal about management’s outlook. JPMorgan insider transaction
• Negative Sentiment: JPMorgan strategists warned that the equity risk premium has fallen to its lowest level since 2002. The unusually narrow compensation for owning stocks instead of bonds could limit broad market upside and increase sensitivity to disappointing economic or earnings news. JPMorgan equity risk premium warning
• Negative Sentiment: The bank’s decision to contest pressure from the Trump administration may protect its independence but could bring additional litigation, regulatory and political costs. JPMorgan political and legal risks

Insiders Place Their Bets

In related news, General Counsel Stacey Friedman sold 5,467 shares of the firm's stock in a transaction on 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 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 sale was disclosed in a 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 JPMorgan Chase & Co. stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the transaction, the insider owned 71,047 shares in the company, valued at approximately $25,066,092.07. This represents a 3.40% 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. In the last 90 days, insiders sold 10,467 shares of company stock valued at $3,593,651. 0.41% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Up 0.9%

Shares of NYSE:JPM opened at $356.77 on Friday. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $366.50. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $948.37 billion, a PE ratio of 15.29, a PEG ratio of 1.47 and a beta of 0.98. The company has a 50 day moving average price of $352.26 and a two-hundred day moving average price of $322.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.59 by $0.55. The company had revenue of $58.02 billion for the quarter, compared to analyst estimates of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The business's revenue for the quarter was up 27.7% compared to the same quarter last year. During the same period last year, the business posted $4.96 earnings per share. Analysts forecast that JPMorgan Chase & Co. will post 24.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JPM. UBS Group raised their target price on shares of JPMorgan Chase & Co. from $384.00 to $400.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Truist Financial upped their target price on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a "hold" rating in a research report on Wednesday, July 15th. The Goldman Sachs Group reissued a "buy" rating and issued a $418.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 14th. Barclays raised their price target on JPMorgan Chase & Co. from $391.00 to $420.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. Finally, Citigroup lifted their price objective on JPMorgan Chase & Co. from $325.00 to $360.00 and gave the stock a "neutral" rating in a research note on Monday, July 20th. One investment 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $359.96.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, payments, investment banking, asset management and wealth management services to consumers, businesses, institutional clients and governments.

The company operates through four primary business areas: Consumer & Community Banking; Commercial & Investment Banking; Asset & Wealth Management; and Corporate. Its offerings include deposit accounts, credit cards, mortgages, auto loans, business banking, commercial lending, treasury services, investment banking, securities trading, investment management and private banking.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across numerous international markets.

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