JPMorgan Chase & Co. $JPM Position Lifted by Erste Asset Management GmbH

Key Points

• Erste Asset Management increased its JPMorgan stake by 74.3% in the second quarter, bringing its holdings to 625,637 shares valued at approximately $205.5 million. Institutional investors collectively own 71.55% of JPMorgan’s stock.
• Analysts maintain a generally positive outlook, with JPMorgan receiving a “Moderate Buy” consensus rating and an average price target of $359.96. Recent targets range from $305 to $420.
• JPMorgan’s latest quarterly results exceeded expectations, with adjusted earnings of $6.14 per share versus a $5.59 estimate and revenue of $58.02 billion versus $50.72 billion expected; revenue rose 27.7% year over year.

Erste Asset Management GmbH grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 74.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 625,637 shares of the financial services provider's stock after acquiring an additional 266,757 shares during the period. JPMorgan Chase & Co. comprises approximately 1.6% of Erste Asset Management GmbH's holdings, making the stock its 11th biggest position. Erste Asset Management GmbH's holdings in JPMorgan Chase & Co. were worth $205,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in 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 buying an additional 4,841 shares during the last quarter. Acorns Advisers LLC grew its position in shares of JPMorgan Chase & Co. by 6.9% in the 1st quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider's stock worth $379,000 after acquiring an additional 100 shares in the last quarter. Ignite Planners LLC grew its position in shares of JPMorgan Chase & Co. by 0.7% in the 2nd quarter. Ignite Planners LLC now owns 10,934 shares of the financial services provider's stock worth $3,185,000 after acquiring an additional 78 shares in the last quarter. Jump Financial LLC acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter worth approximately $1,475,000. Finally, Betterment LLC increased its holdings in shares of JPMorgan Chase & Co. by 27.5% in the 2nd quarter. Betterment LLC now owns 1,970 shares of the financial services provider's stock valued at $571,000 after acquiring an additional 425 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $361.41, for a total transaction of $903,525.00. Following the completion of the sale, the insider directly owned 73,547 shares in the company, valued at approximately $26,580,621.27. This trade represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $1,808,100.91. Following the sale, the general counsel directly owned 40,961 shares of the company's stock, valued at approximately $13,547,031.53. This represents a 11.78% 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. 0.41% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on JPM shares. Keefe, Bruyette & Woods raised their price objective on JPMorgan Chase & Co. from $370.00 to $384.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 15th. Bank of America boosted their target price on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. Robert W. Baird increased their target price on shares of JPMorgan Chase & Co. from $295.00 to $305.00 and gave the stock a "neutral" rating in a report on Wednesday, July 15th. Citigroup raised their price target on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the stock a "neutral" rating in a research report on Monday, July 20th. Finally, Weiss Ratings downgraded shares of JPMorgan Chase & Co. from a "buy (b+)" rating to a "buy (b)" rating in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and an average target price of $359.96.

JPMorgan Chase & Co. Stock Up 0.1%

JPM stock opened at $357.22 on Thursday. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $366.50. The company has a market capitalization of $949.56 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 1.47 and a beta of 0.99. The firm's 50-day moving average is $346.22 and its two-hundred day moving average is $318.33. 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. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.59 by $0.55. The firm had revenue of $58.02 billion during the quarter, compared to analyst estimates of $50.72 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The firm's quarterly revenue was up 27.7% on a year-over-year basis. During the same period last year, the company posted $4.96 EPS. On average, analysts forecast that JPMorgan Chase & Co. will post 24.28 earnings per share for the current fiscal year.

Trending Headlines about JPMorgan Chase & Co.

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

• Positive Sentiment: Wells Fargo analyst Mike Mayo said JPMorgan could become the first bank to reach a $1 trillion market value, with a potential path toward $2 trillion over the next seven to eight years. The forecast reinforces confidence in the bank’s scale, earnings power and long-term growth prospects. JPMorgan valuation outlook
• Positive Sentiment: JPMorgan is evaluating the possibility of launching its own stablecoin as banks increasingly develop blockchain-based payment products. A proprietary digital-dollar instrument could lower payment costs, deepen client relationships and create new fee opportunities, though execution and regulatory risks remain. JPMorgan stablecoin plans
• Positive Sentiment: Jamie Dimon committed JPMorgan to as much as $750 billion in housing-related investment through 2035. Management views the housing shortage as a long-term lending and investment opportunity, potentially expanding loan growth and investment-banking activity. JPMorgan housing investment
• Positive Sentiment: JPMorgan is hiring Citigroup’s Dan McDow to lead its East Coast technology investment-banking business, signaling continued investment in a potentially lucrative technology deal pipeline. JPMorgan technology banking hire
• Neutral Sentiment: JPMorgan is reportedly relaxing some restrictions on lending against recently issued shares held by wealthy AI-company employees and investors. The change could attract high-value clients and boost lending revenue, but it also increases collateral and concentration risk. JPMorgan share-backed lending
• Negative Sentiment: The SEC is scrutinizing JPMorgan and other prime brokers over risk controls surrounding a heavily leveraged hedge fund’s collapse. JPMorgan’s strong balance sheet limits immediate solvency concerns, but tighter margin rules or reduced leverage could pressure prime-brokerage revenue and market liquidity. SEC prime-broker investigation
• Negative Sentiment: Reports of elevated layoffs raise questions about operating conditions and workforce reductions. The cuts may improve efficiency and margins, but could also signal weaker activity in some businesses. JPMorgan layoffs

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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