JPMorgan Chase & Co. $JPM Shares Acquired by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,536 shares of the financial services provider's stock after buying an additional 9,279 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.2% of Fideuram Intesa Sanpaolo Private Banking S.P.A.'s investment portfolio, making the stock its 16th biggest holding. Fideuram Intesa Sanpaolo Private Banking S.P.A.'s holdings in JPMorgan Chase & Co. were worth $33,398,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in JPM. Norges Bank purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at about $11,396,496,000. Cardano Risk Management B.V. raised its stake in shares of JPMorgan Chase & Co. by 889.3% in 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 purchasing an additional 7,796,814 shares during the last quarter. Danske Bank A S purchased a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $696,885,000. American Assets Investment Management LLC increased its holdings in JPMorgan Chase & Co. by 1,172.2% in the 4th quarter. American Assets Investment Management LLC now owns 2,259,400 shares of the financial services provider's stock worth $728,024,000 after buying an additional 2,081,800 shares during the period. Finally, Holocene Advisors LP raised its position in JPMorgan Chase & Co. by 1,033.3% during the 3rd quarter. Holocene Advisors LP now owns 2,155,120 shares of the financial services provider's stock worth $679,790,000 after buying an additional 1,964,958 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $337.82 on Tuesday. 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 52 week low of $279.10 and a 52 week high of $343.45. The stock's 50-day moving average price is $313.35 and its 200-day moving average price is $309.02. The stock has a market capitalization of $905.19 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share (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 company had revenue of $50.54 billion for the quarter, compared to the consensus estimate of $48.30 billion. During the same quarter in the prior year, the business posted $5.07 earnings per share. JPMorgan Chase & Co.'s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities analysts expect that JPMorgan Chase & Co. will post 22.76 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be paid 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 dividend yield of 1.8%. JPMorgan Chase & Co.'s payout ratio is currently 28.74%.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,919 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total value of $1,522,036.98. Following the sale, the chief operating officer directly owned 85,082 shares in the company, valued at approximately $26,326,072.44. The trade was a 5.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Barnum sold 3,022 shares of the business's stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total value of $935,037.02. Following the sale, the chief financial officer owned 32,438 shares of the company's stock, valued at approximately $10,036,641.58. This trade represents a 8.52% 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. Insiders sold 33,623 shares of company stock valued at $10,427,835 over the last 90 days. Corporate insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on JPM. Autonomous Res dropped their price objective on shares of JPMorgan Chase & Co. from $360.00 to $324.00 and set a "neutral" rating on the stock in a report on Monday, April 6th. Dbs Bank upgraded shares of JPMorgan Chase & Co. to a "hold" rating in a research report on Tuesday, May 12th. Robert W. Baird set a $295.00 price target on JPMorgan Chase & Co. in a research report on Wednesday, April 15th. Zacks Research downgraded JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 8th. Finally, Daiwa Securities Group reduced their price target on JPMorgan Chase & Co. from $340.00 to $328.00 and set an "outperform" rating for the company in a research report on Tuesday, April 7th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $342.12.

Key Headlines Impacting JPMorgan Chase & Co.

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

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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