Johnson Investment Counsel Inc. Increases Stock Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Johnson Investment Counsel increased its JPMorgan Chase holdings by 2.1% in the second quarter, adding 4,910 shares for a total position of 238,916 shares valued at approximately $78.2 million. Institutional investors collectively own 71.55% of the company.
• Analysts maintain a favorable outlook, with JPMorgan receiving a consensus “Moderate Buy” rating and an average price target of $359.96; Deutsche Bank and Zacks recently upgraded the stock.
• JPMorgan’s latest quarterly results exceeded expectations, with EPS of $6.14 versus $5.59 estimated and revenue of $58.02 billion versus $50.72 billion expected. Shares recently traded near their 52-week high, while two insiders sold stock through pre-arranged Rule 10b5-1 plans.

Johnson Investment Counsel Inc. increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 238,916 shares of the financial services provider's stock after buying an additional 4,910 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in JPMorgan Chase & Co. were worth $78,204,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Fidelis Capital Partners LLC grew its position in shares of JPMorgan Chase & Co. by 7.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 70,077 shares of the financial services provider's stock valued at $22,580,000 after purchasing an additional 5,101 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services increased its position in shares of JPMorgan Chase & Co. by 18.7% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 41,218 shares of the financial services provider's stock valued at $12,125,000 after purchasing an additional 6,492 shares during the last quarter. Brighton Jones LLC raised its stake 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 valued at $11,682,000 after acquiring an additional 4,841 shares during the period. FAS Wealth Partners Inc. raised its position in JPMorgan Chase & Co. by 4.3% in the 1st quarter. FAS Wealth Partners Inc. now owns 43,527 shares of the financial services provider's stock worth $12,804,000 after purchasing an additional 1,794 shares during the period. Finally, KTF Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $6,449,000. Institutional investors own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

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

Analyst Ratings Changes

Several research analysts recently commented on JPM shares. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and set a $375.00 price target on the stock in a research note on Wednesday, July 22nd. The Goldman Sachs Group restated a "buy" rating and set a $418.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 14th. Truist Financial upped their price target on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the stock a "hold" rating in a research report on Wednesday, July 15th. Evercore restated an "outperform" rating and set a $360.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 6th. Finally, Zacks Research upgraded JPMorgan Chase & Co. from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and a consensus price target of $359.96.

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan’s market-leading profitability and resilient earnings remain supportive. The bank recently reported earnings and revenue above consensus expectations, while analysts continue to project solid full-year earnings. JPMorgan Stock Falls as Treasury Yields Retreat
• Positive Sentiment: J.P. Morgan Life Sciences Private Capital appointed Bruce N. Rogers, Ph.D., as a venture partner, strengthening the firm’s specialist investment capabilities and potentially supporting long-term asset-management growth. J.P. Morgan Life Sciences Private Capital Appointment
• Neutral Sentiment: JPMorgan is reportedly among the lead underwriters arranging an expanded credit facility for Anthropic ahead of a potential IPO. The mandate could generate fees and reinforce JPMorgan’s investment-banking position, but it is unlikely to materially affect near-term earnings. Anthropic Pre-IPO Financing
• Neutral Sentiment: Articles continue to focus on succession risk after Jamie Dimon eventually steps down. His long tenure supports investor confidence, but the company’s scale and depth of management may limit the impact of any leadership transition. Jamie Dimon Succession Analysis
• Negative Sentiment: Retreating Treasury yields provided the clearest trading-related reason for JPMorgan’s weakness. Investors appear to be taking profits in the bank despite record earnings and strong trading revenue, while the stock’s proximity to its 52-week high may have increased sensitivity to selling. JPMorgan Stock Performance Analysis

JPMorgan Chase & Co. Trading Down 1.6%

Shares of JPMorgan Chase & Co. stock opened at $357.38 on Thursday. The company has a market cap of $949.98 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 1.49 and a beta of 0.99. The firm has a 50-day simple moving average of $343.09 and a two-hundred day simple moving average of $316.79. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $366.50.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.59 by $0.55. The business had revenue of $58.02 billion for 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 revenue was up 27.7% compared to the same quarter last year. During the same period last year, the firm posted $4.96 earnings per share. As a group, equities analysts predict that JPMorgan Chase & Co. will post 24.28 earnings per share for the current fiscal year.

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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