JPMorgan Chase & Co. $JPM Shares Bought by Harbour Investments Inc.

Key Points

• Harbour Investments Inc. increased its JPMorgan stake by 12.6% in the fourth quarter, adding 4,847 shares to bring its total holdings to 43,374 shares worth about $13.98 million.
• JPMorgan posted strong quarterly results, with EPS of $5.94 beating estimates and revenue of $50.54 billion topping forecasts; revenue rose 10% year over year.
• The bank also announced a quarterly dividend of $1.50 per share, payable July 31, implying a 2.0% annualized yield and a 28.74% payout ratio.

Harbour Investments Inc. raised its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,374 shares of the financial services provider's stock after acquiring an additional 4,847 shares during the quarter. Harbour Investments Inc.'s holdings in JPMorgan Chase & Co. were worth $13,976,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after buying an additional 4,841 shares during the period. Acorns Advisers LLC raised its stake in shares of JPMorgan Chase & Co. by 6.9% during the 1st quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider's stock worth $379,000 after buying an additional 100 shares during the period. Ignite Planners LLC raised its stake in shares of JPMorgan Chase & Co. by 0.7% during the 2nd quarter. Ignite Planners LLC now owns 10,934 shares of the financial services provider's stock worth $3,185,000 after buying an additional 78 shares during the period. Jump Financial LLC acquired a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $1,475,000. Finally, Betterment LLC raised its stake in shares of JPMorgan Chase & Co. by 27.5% during the 2nd quarter. Betterment LLC now owns 1,970 shares of the financial services provider's stock worth $571,000 after buying an additional 425 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 0.0%

Shares of JPM opened at $301.06 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.86. JPMorgan Chase & Co. has a one year low of $260.31 and a one year high of $337.25. The stock has a market capitalization of $806.70 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 1.47 and a beta of 1.00. The stock has a 50 day moving average price of $303.16 and a 200 day moving average price of $306.39.

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 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $50.54 billion during the quarter, compared to analysts' expectations of $48.30 billion. During the same period in the previous year, the business earned $5.07 earnings per share. The firm's revenue for the quarter was up 10.0% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 22.4 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.'s payout ratio is presently 28.74%.

Key Stories Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan is helping arrange a roughly $1 billion financing package for Transportadora de Gas del Sur’s Vaca Muerta project in Argentina, reinforcing the bank’s role in large-scale global lending and fee-generating deals. Santander, JPMorgan to Back $1 Billion TGS Vaca Muerta Financing
• Positive Sentiment: CEO Jamie Dimon plans to discuss SpaceX’s upcoming IPO with JPMorgan’s ultra-wealthy clients, which highlights the bank’s access to major investment-banking opportunities and affluent customer relationships. JPMorgan's Dimon to discuss SpaceX IPO roadshow with ultra-rich clients, Bloomberg News reports
• Positive Sentiment: JPMorgan continues to be cited as a defensive, diversified financial stock as investors look beyond the AI trade, supporting the view that it remains a core large-cap banking name. Jim Cramer says look to buy these 5 stocks outside the AI trade for diversification
• Neutral Sentiment: JPMorgan expanded its 2030 fixed-to-floating notes offering with a $500 million public deal, reflecting active funding management but not a major surprise for investors. JPMorgan Chase Expands 2030 Fixed-to-Floating Notes Offering
• Neutral Sentiment: JPMorgan also drew attention for CEO Jamie Dimon’s comments about a possible large acquisition and the bank’s push into Europe and crypto-related policy debate, but these are longer-term strategic themes rather than immediate catalysts. JPMorgan Weighs US$20b Deal While Expanding In Europe And Crypto Debate
• Negative Sentiment: More broadly, financial stocks sold off in late-afternoon trading, which likely pressured JPMorgan shares along with the rest of the sector. Sector Update: Financial Stocks Decline Late Afternoon
• Negative Sentiment: JPMorgan’s public criticism of the CLARITY Act and broader crypto regulation debate could create some headline risk, though the direct stock impact appears limited for now. CLARITY Act At The Center Of Latest Political Clash: Sen. Lummis Hits Back At JPMorgan CEO

Analyst Upgrades and Downgrades

JPM has been the subject of several research analyst reports. UBS Group reduced their target price on JPMorgan Chase & Co. from $380.00 to $375.00 in a research note on Wednesday, May 6th. The Goldman Sachs Group set a $361.00 target price on JPMorgan Chase & Co. in a research note on Tuesday, April 14th. Wells Fargo & Company reduced their target price on JPMorgan Chase & Co. from $360.00 to $350.00 and set an "overweight" rating for the company in a research note on Tuesday, February 17th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, February 24th. Finally, Dbs Bank raised JPMorgan Chase & Co. to a "hold" rating in a research note on Tuesday, May 12th. Fourteen analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $339.08.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,919 shares of the business's stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total transaction of $1,522,036.98. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,468 shares of the business's stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $300.27, for a total value of $1,641,876.36. Following the sale, the general counsel owned 46,428 shares of the company's stock, valued at $13,940,935.56. The trade was a 10.54% 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 have sold a total of 28,589 shares of company stock valued at $8,747,496 over the last ninety days. Company insiders own 0.41% of the company's stock.

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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