JPMorgan Chase & Co. $JPM Shares Acquired by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management increased its JPMorgan Chase position by 2.9% in the second quarter, adding 33,071 shares to hold 1.17 million shares valued at approximately $383.1 million. Institutional investors collectively own 71.55% of the company.
• JPMorgan reported quarterly earnings of $6.14 per share, exceeding the $5.59 consensus estimate, while revenue of $58.02 billion surpassed expectations and rose 27.7% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $359.96; JPM shares recently opened at $356.42, near their 52-week high of $366.50.

Northwestern Mutual Wealth Management Co. raised its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,170,524 shares of the financial services provider's stock after purchasing an additional 33,071 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in JPMorgan Chase & Co. were worth $383,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in JPM. Spinnaker Trust grew its holdings in shares of JPMorgan Chase & Co. by 1.8% during the second quarter. Spinnaker Trust now owns 65,043 shares of the financial services provider's stock worth $21,290,000 after purchasing an additional 1,160 shares during the last quarter. Cullinan Associates Inc. increased its stake in JPMorgan Chase & Co. by 13.9% in the 2nd quarter. Cullinan Associates Inc. now owns 73,638 shares of the financial services provider's stock valued at $24,104,000 after buying an additional 9,005 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in JPMorgan Chase & Co. by 0.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,833,413 shares of the financial services provider's stock worth $6,164,741,000 after purchasing an additional 134,634 shares in the last quarter. New Mexico Educational Retirement Board raised its stake in shares of JPMorgan Chase & Co. by 5.8% during the 2nd quarter. New Mexico Educational Retirement Board now owns 134,050 shares of the financial services provider's stock worth $43,879,000 after buying an additional 7,400 shares in the last quarter. Finally, Toth Financial Advisory Corp lifted its position in shares of JPMorgan Chase & Co. by 4.4% during the 2nd quarter. Toth Financial Advisory Corp now owns 2,034 shares of the financial services provider's stock valued at $666,000 after acquiring an additional 86 shares during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 5,467 shares of the business's stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the completion of the sale, the general counsel owned 40,961 shares in the company, valued at $13,547,031.53. The trade was 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 business's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $361.41, for a total transaction of $903,525.00. Following the sale, the insider directly owned 73,547 shares of the company's stock, valued at approximately $26,580,621.27. This represents a 3.29% 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. 0.41% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $356.42 on Thursday. The stock has a market cap of $947.43 billion, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 1.46 and a beta of 0.98. 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 52 week low of $279.10 and a 52 week high of $366.50. The stock has a 50 day moving average of $348.76 and a 200-day moving average of $319.75.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, topping the consensus estimate 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 revenue was up 27.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.96 EPS. On average, analysts expect that JPMorgan Chase & Co. will post 24.28 EPS for the current fiscal year.

Analysts Set New Price Targets

JPM has been the subject of several research reports. Weiss Ratings downgraded JPMorgan Chase & Co. from a "buy (b+)" rating to a "buy (b)" rating in a research note on Wednesday, August 19th. Zacks Research raised JPMorgan Chase & Co. from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Truist Financial raised their target price on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the stock a "hold" rating in a research report on Wednesday, July 15th. Robert W. Baird lifted their target price on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. Finally, UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $384.00 to $400.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $359.96.

More JPMorgan Chase & Co. News

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

• Positive Sentiment: Investors are rotating into large-bank stocks as expectations for higher interest rates improve the outlook for net interest income and financial-sector earnings. JPMorgan has particularly strong exposure to diversified banking and markets businesses. Expectations of Rising Rates and Worries About AI Have Investors Piling Into Big Bank Stocks
• Positive Sentiment: JPMorgan’s shares have benefited from rising Treasury yields; a 10-year yield near 4.8% was cited as supporting a stronger net interest income outlook. The bank’s latest results also showed substantial revenue growth and an earnings beat. JPMorgan Rises as 10-Year Treasury Yield Hits 4.8%
• Positive Sentiment: Kinexys, JPMorgan’s blockchain-based payments and settlement platform, is gaining traction. Faster fund transfers and deeper corporate-client relationships could support long-term payments growth and diversify revenue beyond traditional banking. Will Kinexys Fuel JPMorgan’s Next Leg of Payments Growth?
• Neutral Sentiment: The rebranding of Campbell Global as J.P. Morgan Natural Capital highlights growth in nature-based asset management, but the announcement is primarily strategic and is unlikely to materially change near-term earnings. J.P. Morgan Asset Management Announces Rebrand of Campbell Global to J.P. Morgan Natural Capital
• Negative Sentiment: JPMorgan reportedly curbed lending to Jane Street after the trading firm expanded into U.S. Treasury market-making. The move may reflect prudent risk management, but it also underscores intensifying competition in fixed-income markets and potential pressure on related trading relationships. JPMorgan Curbed Lending to Jane Street as Trading Firm Muscled Into Bonds

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.

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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