Fjarde AP Fonden Fourth Swedish National Pension Fund Has $203.63 Million Stake in JPMorgan Chase & Co. $JPM

Key Points

• Fjarde AP Fonden increased its JPMorgan Chase stake by 58% in the first quarter, adding 254,060 shares to reach 692,247 shares valued at about $203.6 million.
• JPMorgan reported strong first-quarter results, with EPS of $5.94 beating estimates and revenue rising 10% year over year to $50.54 billion.
• The company also declared a quarterly dividend of $1.50 per share, and analysts currently have a consensus Hold rating with an average price target of $342.12.

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 58.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 692,247 shares of the financial services provider's stock after acquiring an additional 254,060 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.1% of Fjarde AP Fonden Fourth Swedish National Pension Fund's investment portfolio, making the stock its 14th biggest holding. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in JPMorgan Chase & Co. were worth $203,631,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JPM. Norges Bank bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $11,396,496,000. Cardano Risk Management B.V. increased its position in JPMorgan Chase & Co. by 889.3% during the fourth quarter. Cardano Risk Management B.V. now owns 8,673,530 shares of the financial services provider's stock worth $2,794,785,000 after buying an additional 7,796,814 shares during the last quarter. Danske Bank A S bought a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $696,885,000. American Assets Investment Management LLC raised its stake in JPMorgan Chase & Co. by 1,172.2% in the fourth quarter. American Assets Investment Management LLC now owns 2,259,400 shares of the financial services provider's stock valued at $728,024,000 after buying an additional 2,081,800 shares during the period. Finally, Holocene Advisors LP lifted its position in shares of JPMorgan Chase & Co. by 1,033.3% in the third quarter. Holocene Advisors LP now owns 2,155,120 shares of the financial services provider's stock valued at $679,790,000 after buying an additional 1,964,958 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. News Roundup

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

• Positive Sentiment: Wells Fargo raised its price target on JPMorgan Chase & Co. (JPM) to $360 and kept an overweight rating, reinforcing bullish expectations for the stock.
• Positive Sentiment: JPMorgan strategists urged investors to buy the semiconductor pullback, which highlights the firm’s continued influence on market sentiment and supports a risk-on tone for cyclical and AI-related trades.
• Positive Sentiment: Reports that major U.S. banks, including JPMorgan, are exploring a possible Fiserv network deal suggest management is still evaluating strategic fintech opportunities. Big US banks explore Fiserv network deal, WSJ reports
• Neutral Sentiment: JPMorgan’s macro outlook warned that global stocks could face a summer slowdown, but the bank argued AI will not be the only market driver going forward, which is more of a market commentary than a direct earnings catalyst. Global stocks may be headed for a summer swoon. Why AI won’t be the only story that matters, JPMorgan says
• Neutral Sentiment: JPMorgan CEO Jamie Dimon reiterated his opposition to stablecoin yield rules in the CLARITY Act, a policy stance that may matter longer term but does not appear to be an immediate stock driver. Jamie Dimon Said JPMorgan Will Fight Stablecoin Yield Rules in the CLARITY Act Before Congress Breaks for Its August Recess.
• Negative Sentiment: JPMorgan’s bearish call on the oil and economy signals caution on the macro backdrop, which could weigh on investor sentiment toward financials if growth concerns deepen. JPMorgan sends blunt verdict on oil, economy

Insiders Place Their Bets

In related news, COO Jennifer Piepszak sold 9,136 shares of the firm's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $306.56, for a total value of $2,800,732.16. Following the transaction, the chief operating officer owned 90,001 shares in the company, valued at approximately $27,590,706.56. This trade represents a 9.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,468 shares of the business's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $300.27, for a total value of $1,641,876.36. Following the completion of the transaction, the general counsel directly owned 46,428 shares of the company's stock, valued at approximately $13,940,935.56. This trade represents a 10.54% 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. Insiders have sold a total of 33,623 shares of company stock worth $10,427,835 in the last 90 days. Company insiders own 0.41% of the company's stock.

JPMorgan Chase & Co. Stock Up 1.0%

JPM opened at $337.82 on Tuesday. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $343.45. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $905.19 billion, a P/E ratio of 16.18, a P/E/G ratio of 1.53 and a beta of 0.99. The stock has a fifty day moving average of $313.35 and a 200-day moving average of $309.02.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $5.94 EPS for the quarter, beating the consensus estimate of $5.50 by $0.44. JPMorgan Chase & Co. had a net margin of 20.66% and a return on equity of 17.54%. The business had revenue of $50.54 billion for the quarter, compared to the consensus estimate of $48.30 billion. During the same period in the prior year, the company posted $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 expect that JPMorgan Chase & Co. will post 22.76 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. JPMorgan Chase & Co.'s dividend payout ratio is currently 28.74%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on JPM shares. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $325.00 to $345.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 15th. UBS Group decreased their price objective on shares of JPMorgan Chase & Co. from $380.00 to $375.00 in a report on Wednesday, May 6th. Robert W. Baird set a $295.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, April 15th. Autonomous Res reduced their target price on shares of JPMorgan Chase & Co. from $360.00 to $324.00 and set a "neutral" rating for the company in a report on Monday, April 6th. Finally, DZ Bank reiterated a "neutral" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, April 15th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $342.12.

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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