Forum Financial Management LP Has $11.46 Million Stock Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Forum Financial Management LP cut its JPMorgan Chase stake by 14.6% in the second quarter, selling 6,003 shares and retaining 35,013 shares valued at approximately $11.46 million.
• Institutional investors own 71.55% of JPMorgan’s outstanding stock, while several major firms—including Bank of America, Morgan Stanley and Bank of New York Mellon—recently increased their positions.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and a $359.96 price target; JPMorgan also exceeded quarterly earnings and revenue estimates, reporting $6.14 EPS and $58.02 billion in revenue.

Forum Financial Management LP trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 14.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,013 shares of the financial services provider's stock after selling 6,003 shares during the quarter. JPMorgan Chase & Co. accounts for 0.1% of Forum Financial Management LP's portfolio, making the stock its 20th largest position. Forum Financial Management LP's holdings in JPMorgan Chase & Co. were worth $11,461,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Morgan Stanley raised its position in shares of JPMorgan Chase & Co. by 1.4% during the fourth quarter. Morgan Stanley now owns 66,385,268 shares of the financial services provider's stock worth $21,390,662,000 after purchasing an additional 939,421 shares during the period. Bank of America Corp DE grew its position in shares of JPMorgan Chase & Co. by 15.8% in the 1st quarter. Bank of America Corp DE now owns 65,660,460 shares of the financial services provider's stock valued at $19,314,681,000 after purchasing an additional 8,941,351 shares during the period. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $11,396,496,000. Bank of New York Mellon Corp increased its stake in JPMorgan Chase & Co. by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 23,424,482 shares of the financial services provider's stock worth $7,547,837,000 after purchasing an additional 1,194,583 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in JPMorgan Chase & Co. by 0.6% during the 4th quarter. Legal & General Group Plc now owns 19,019,564 shares of the financial services provider's stock worth $6,128,484,000 after buying an additional 110,586 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. HSBC raised their price objective on shares of JPMorgan Chase & Co. from $288.00 to $312.00 and gave the stock a "hold" rating in a report on Monday, May 4th. Jefferies Financial Group set a $350.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 14th. Royal Bank Of Canada increased their target price on JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an "outperform" rating in a report on Wednesday, July 15th. Finally, Citigroup boosted their price target on JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a "neutral" rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and a consensus price target of $359.96.

Insider Activity

In related news, insider Robin Leopold sold 2,500 shares of the company's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $361.41, for a total transaction of $903,525.00. Following the sale, the insider owned 73,547 shares in the company, valued at approximately $26,580,621.27. This represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total value of $1,808,100.91. Following the transaction, the general counsel directly owned 40,961 shares of the company's stock, valued at $13,547,031.53. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.41% of the company's stock.

JPMorgan Chase & Co. News Roundup

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

• Positive Sentiment: JPMorgan raised its 2026 net interest income outlook to approximately $105.5 billion, citing loan and deposit growth that is helping offset pressure from interest-rate movements. Higher NII could support revenue and earnings, although rising expenses may limit the benefit. JPMorgan Raises 2026 NII Outlook
• Positive Sentiment: JPMorgan analysts reiterated an Overweight rating on Broadcom, pointing to strong AI networking demand and a projected AI revenue opportunity exceeding $56 billion. The call highlights the bank’s continued positioning in high-growth technology investment banking and research. Broadcom’s AI Competition Fears Look Overblown
• Neutral Sentiment: A broader bullish outlook for the S&P 500, supported by earnings growth, seasonal trends and AI investment, could provide a favorable market backdrop for JPMorgan, but it does not address the bank-specific regulatory and rate concerns. Reasons the S&P 500 Could Keep Rallying
• Negative Sentiment: India’s securities regulator barred a JPMorgan entity from the country’s securities market over alleged manipulation of the Sensex’s closing price. Regulators cited abrupt index spikes, including a 362-point move in two seconds. The action creates reputational, legal and potential financial risks for JPMorgan. India Bars JPMorgan Unit
• Negative Sentiment: JPMorgan warned that the Treasury’s expanded bond-buyback program could ultimately push long-term yields higher if it fails to address the underlying U.S. fiscal deficit and debt burden. Renewed yield pressure has weighed on bank shares, overwhelming the potential benefit of higher rates to net interest income. JPMorgan Falls as Treasury Rescue Fails to Calm Bonds

JPMorgan Chase & Co. Stock Down 1.3%

Shares of JPM stock opened at $352.76 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 1 year low of $279.10 and a 1 year high of $366.50. The firm's fifty day moving average price is $343.87 and its two-hundred day moving average price is $317.12. The firm has a market capitalization of $937.70 billion, a P/E ratio of 15.11, a PEG ratio of 1.47 and a beta of 0.99.

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 EPS for the quarter, topping analysts' consensus estimates of $5.59 by $0.55. The company had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The company's quarterly revenue was up 27.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.96 EPS. On average, equities analysts predict that JPMorgan Chase & Co. will post 24.28 EPS for the current fiscal year.

JPMorgan Chase & Co. Company 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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