Expressive Wealth LLC Takes $1.50 Million Position in JPMorgan Chase & Co. $JPM

Key Points

• Expressive Wealth LLC disclosed a new position in JPMorgan Chase, buying 4,662 shares worth about $1.5 million in the fourth quarter. The stake makes JPMorgan its 18th largest holding and about 1.6% of its portfolio.
• JPMorgan’s fundamentals were strong in the latest quarter, with EPS of $5.94 beating estimates and revenue of $50.54 billion topping forecasts. The bank also raised its quarterly dividend to $1.50 per share, or $6.00 annually.
• Wall Street remains mixed on JPM: analysts currently rate the stock a consensus Hold, with an average price target of $339.08. Meanwhile, some insiders have been selling shares, including General Counsel Stacey Friedman and insider Robin Leopold.

Expressive Wealth LLC purchased a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,662 shares of the financial services provider's stock, valued at approximately $1,502,000. JPMorgan Chase & Co. accounts for approximately 1.6% of Expressive Wealth LLC's investment portfolio, making the stock its 18th largest holding.

Other large investors also recently modified their holdings of the company. Turning Point Benefit Group Inc. acquired a new position in shares of JPMorgan Chase & Co. during the third quarter valued at $35,000. Merrithew & Thorsten Inc acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $40,000. WHI TRUST Co LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $45,000. Cresta Advisors Ltd. acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $48,000. Finally, Miller Global Investments LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $52,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 5,468 shares of the firm's stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $300.27, for a total transaction of $1,641,876.36. Following the completion of the sale, the general counsel directly owned 46,428 shares in the company, valued at approximately $13,940,935.56. This trade represents a 10.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 433 shares of the firm's stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $295.06, for a total value of $127,760.98. Following the sale, the insider owned 64,920 shares of the company's stock, valued at $19,155,295.20. The trade was a 0.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 28,589 shares of company stock valued at $8,747,496. 0.41% of the stock is owned by insiders.

Analyst Ratings Changes

JPM has been the topic of a number of research analyst reports. Autonomous Res lowered their price target on JPMorgan Chase & Co. from $360.00 to $324.00 and set a "neutral" rating on the stock in a report on Monday, April 6th. Zacks Research cut JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 8th. Argus raised their target price on JPMorgan Chase & Co. from $340.00 to $355.00 and gave the company a "buy" rating in a research note on Wednesday, April 15th. Daiwa Securities Group decreased their target price on JPMorgan Chase & Co. from $340.00 to $328.00 and set an "outperform" rating for the company in a research note on Tuesday, April 7th. Finally, Truist Financial raised their target price on JPMorgan Chase & Co. from $323.00 to $332.00 and gave the company a "hold" rating in a research note on Wednesday, April 15th. Fourteen research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Hold" and an average price target of $339.08.

JPMorgan Chase & Co. Trading Up 3.4%

NYSE:JPM opened at $310.99 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 1-year low of $260.31 and a 1-year high of $337.25. The firm has a market capitalization of $833.29 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 1.47 and a beta of 1.00. The stock has a fifty day simple moving average of $303.54 and a 200 day simple moving average of $306.44.

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 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $50.54 billion during the quarter, compared to analyst estimates of $48.30 billion. During the same period last year, the company posted $5.07 EPS. The business's quarterly revenue was up 10.0% compared to the same quarter last year. Sell-side analysts forecast that JPMorgan Chase & Co. will post 22.4 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be given a dividend of $1.50 per share. The ex-dividend date is Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 28.74%.

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: Jamie Dimon is personally promoting SpaceX’s expected blockbuster IPO to 2,500 ultra-wealthy JPMorgan clients, highlighting JPMorgan’s ability to win marquee mandates and generate advisory and placement fees. Reuters article on Dimon discussing SpaceX IPO roadshow
• Positive Sentiment: Reports say JPMorgan is also looking at acquisition opportunities, with CEO Jamie Dimon previously suggesting the bank could deploy $10 billion to $20 billion for a deal, which could support growth if executed well. Yahoo Finance article on acquisition opportunities
• Neutral Sentiment: JPMorgan and other major banks are planning a tokenized deposit system to compete with stablecoins and crypto firms, a longer-term strategic move that could help defend the payments business but is not an immediate earnings driver. WSJ article on tokenized deposit system
• Neutral Sentiment: JPMorgan disclosed that some affiliated entities exited a substantial holder position in PLS Group and increased a stake in a2 Milk, but these are portfolio actions by affiliates and are unlikely to move JPMorgan’s shares meaningfully. TipRanks article on PLS Group filing
• Negative Sentiment: Some commentary from JPMorgan has warned that the crypto-focused CLARITY Act faces a narrow path to passage, underscoring ongoing policy uncertainty in an area the bank is watching closely. Benzinga article on CLARITY Act timing

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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