JPMorgan Chase & Co. $JPM Shares Purchased by Golden Reserve Retirement LLC

Key Points

• Golden Reserve Retirement LLC more than doubled its JPMorgan stake by purchasing 3,544 additional shares in the second quarter, bringing its holdings to 6,656 shares valued at approximately $2.18 million.
• JPMorgan reported a strong quarter, with EPS of $6.14 versus the $5.59 consensus and revenue of $58.02 billion, up 27.7% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $359.96.
• Company insiders sold shares under pre-arranged Rule 10b5-1 plans, while institutional investors and hedge funds own 71.55% of JPMorgan’s stock. The shares opened at $358.21 and were trading near their 52-week high of $366.50.

Golden Reserve Retirement LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 113.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,656 shares of the financial services provider's stock after buying an additional 3,544 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.3% of Golden Reserve Retirement LLC's portfolio, making the stock its 16th largest holding. Golden Reserve Retirement LLC's holdings in JPMorgan Chase & Co. were worth $2,179,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Timmons Wealth Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth $27,000. MBM Wealth Consultants LLC purchased a new stake in JPMorgan Chase & Co. in the first quarter valued at $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $32,000. Aventus Investment Advisors Inc. acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $33,000. Finally, Osbon Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $35,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 5,467 shares of JPMorgan Chase & Co. stock in a transaction dated 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 in the company, valued at approximately $13,547,031.53. The trade was a 11.78% 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, insider Robin Leopold sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $361.41, for a total value of $903,525.00. Following the sale, the insider owned 73,547 shares of the company's stock, valued at approximately $26,580,621.27. This trade represents a 3.29% 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. Company insiders own 0.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on JPM shares. Bank of America upped their target price on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a "buy" rating in a research note on Thursday, July 16th. The Goldman Sachs Group reiterated a "buy" rating and set a $418.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Evercore reissued an "outperform" rating and issued a $360.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 6th. Robert W. Baird upped their price objective on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of JPMorgan Chase & Co. from a "buy (b)" rating to a "buy (b+)" rating in a research note on Wednesday, September 2nd. 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $359.96.

JPMorgan Chase & Co. News Roundup

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

• Positive Sentiment: JPMorgan strategist Marko Kolanovic reportedly recommended buying stock-market weakness, arguing that earnings strength could support equities. The commentary reinforces a constructive view of the broader market and JPMorgan’s investment-banking outlook. JPMorgan’s Matejka Says Buy the Dip in Stocks on Earnings Boost
• Positive Sentiment: A Zacks analysis identified JPM as a strong long-term stock, citing its positive earnings outlook and durable business quality. This supports investor confidence following JPMorgan’s recent earnings beat and substantial revenue growth. Why JPMorgan Chase & Co. (JPM) is a Top Stock for the Long-Term
• Neutral Sentiment: JPMorgan’s flagged 155 level in dollar-yen suggests a potential short squeeze as the yen strengthens. The resulting currency volatility could create trading opportunities for the bank but also reflects broader market-risk concerns. Dollar-Yen Falls To Seven-Month Lows: Is the Carry Trade Now Broken?
• Neutral Sentiment: JPMorgan said Europe’s proposed “transition” investment-fund label is too narrow. The issue could affect sustainable-finance product development, but no immediate earnings impact was indicated. JPMorgan Says Europe’s ‘Transition’ Fund Label Is Too Narrow
• Negative Sentiment: Analysts warned that fading capital-markets momentum in the third quarter could produce uneven results for major banks, including JPM. Weaker deal activity, trading or underwriting revenue would pressure near-term expectations. Capital Markets Momentum Fades: What it Means for Big Banks in Q3
• Negative Sentiment: A valuation-focused analysis recommended accumulating JPMorgan preferred shares for income while holding the common stock, which it viewed as expensive at roughly 3.2 times book value. Elevated valuation limits upside if growth expectations weaken. JPMorgan: Start Accumulating The Preferred For Income, Hold The Common At 3.2x Book
• Negative Sentiment: Commentary on JPMorgan’s nearly $1 trillion market value highlighted investor dependence on CEO Jamie Dimon and uncertainty surrounding eventual succession. Any concern that the “Jamie premium” is too large could weigh on the common stock’s valuation. JPMorgan’s Market Value Is Flirting With $1 Trillion

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $358.21 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $952.19 billion, a PE ratio of 15.35, a P/E/G ratio of 1.48 and a beta of 0.98. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $366.50. The company has a fifty day moving average of $350.46 and a two-hundred day moving average of $320.92.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results 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 analyst estimates 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 for the quarter was up 27.7% compared to the same quarter last year. During the same quarter last year, the business earned $4.96 earnings per share. As a group, research analysts forecast that JPMorgan Chase & Co. will post 24.28 earnings per share for the current fiscal year.

JPMorgan Chase & Co. 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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