JPMorgan Chase & Co. $JPM Shares Purchased by KBC Group NV

Key Points

• KBC Group NV increased its JPMorgan Chase holdings by 4.3% in the second quarter, purchasing 99,182 additional shares. It now owns 2.38 million shares valued at approximately $780.4 million, while institutional investors collectively hold 71.55% of JPM’s stock.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $359.96. UBS and Bank of America recently raised their targets to $400 and $420, respectively.
• JPMorgan reported quarterly earnings of $6.14 per share, beating estimates of $5.59, while revenue rose 27.7% year over year to $58.02 billion. The stock opened at $353.38 and trades near its 12-month high of $366.50.

KBC Group NV raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,384,147 shares of the financial services provider's stock after purchasing an additional 99,182 shares during the quarter. JPMorgan Chase & Co. makes up about 1.7% of KBC Group NV's investment portfolio, making the stock its 10th largest position. KBC Group NV owned approximately 0.09% of JPMorgan Chase & Co. worth $780,402,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. GWN Securities Inc. grew its holdings in shares of JPMorgan Chase & Co. by 3.5% during the second quarter. GWN Securities Inc. now owns 7,361 shares of the financial services provider's stock worth $2,410,000 after purchasing an additional 249 shares during the last quarter. Aspiring Ventures LLC increased its stake in shares of JPMorgan Chase & Co. by 5.0% in the second quarter. Aspiring Ventures LLC now owns 1,057 shares of the financial services provider's stock valued at $346,000 after buying an additional 50 shares in the last quarter. Parr Mcknight Wealth Management Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.6% in the second quarter. Parr Mcknight Wealth Management Group LLC now owns 44,183 shares of the financial services provider's stock valued at $14,463,000 after buying an additional 245 shares during the last quarter. PDS Planning Inc raised its holdings in shares of JPMorgan Chase & Co. by 0.8% in the second quarter. PDS Planning Inc now owns 49,614 shares of the financial services provider's stock valued at $16,240,000 after buying an additional 403 shares during the last quarter. Finally, Marin Bay Wealth Advisors LLC lifted its position in JPMorgan Chase & Co. by 0.5% during the 2nd quarter. Marin Bay Wealth Advisors LLC now owns 13,464 shares of the financial services provider's stock worth $4,407,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on JPM shares. UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $384.00 to $400.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Citigroup upped their target price 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. Bank of America increased their price target 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. Jefferies Financial Group set a $350.00 price objective on JPMorgan Chase & Co. in a report on Tuesday, July 14th. Finally, Evercore reissued an "outperform" rating and issued a $360.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and an average target price of $359.96.

Insider Activity

In related news, General Counsel Stacey Friedman sold 5,467 shares of the business's stock in a transaction that occurred 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 completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 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 directly owned 73,547 shares of the company's stock, valued at approximately $26,580,621.27. The trade was a 3.29% 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.

JPMorgan Chase & Co. Price Performance

JPM opened at $353.38 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $366.50. The company has a fifty day simple moving average of $350.99 and a 200 day simple moving average of $321.24. The stock has a market cap of $939.35 billion, a P/E ratio of 15.14, a P/E/G ratio of 1.48 and a beta of 0.98.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted 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. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The firm had revenue of $58.02 billion for the quarter, compared to analyst estimates of $50.72 billion. During the same period in the previous year, the company posted $4.96 earnings per share. The company's revenue for the quarter was up 27.7% on a year-over-year basis. On average, research analysts expect that JPMorgan Chase & Co. will post 24.28 EPS for the current year.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan expects approximately $138 billion of buyout debt to come to market, highlighting potential fee opportunities for its leveraged-finance and investment-banking businesses. Buyout Debt Is Surging to Levels Not Seen Since Before the Financial Crisis
• Positive Sentiment: The bank appointed its APAC and EMEA technology investment-banking chiefs as international co-heads, reinforcing its global technology franchise and succession depth. JPMorgan names APAC, EMEA tech investment banking chiefs as international co-heads
• Positive Sentiment: Heavy Treasury and corporate-bond issuance could support JPMorgan’s underwriting and trading businesses, although the benefit depends on sustained issuer and investor demand. Why Corporate Bonds Are Giving Treasuries a Tough Time
• Neutral Sentiment: JPMorgan was named broker for CSL’s on-market share buyback and ceased substantial-holder status in Peet Limited. These mandates and portfolio changes demonstrate client activity but are unlikely to materially affect JPM’s earnings. CSL Appoints J.P. Morgan as Broker for On-Market Share Buy-Back
• Neutral Sentiment: JPMorgan’s research points to a possible rebound in healthcare ETF flows, while its analysts remain constructive on selected sectors and stocks. This may generate research-related attention but has limited direct impact on JPM’s financial results. Healthcare ETFs Were Left Behind. JPMorgan Sees the Money Coming Back
• Negative Sentiment: Analysts warn that fading capital-markets momentum could produce uneven third-quarter results for JPMorgan and other large banks, particularly if deal activity and trading revenue soften. Capital Markets Momentum Fades: What it Means for Big Banks in Q3
• Negative Sentiment: One valuation-focused analysis recommends holding JPM’s common shares rather than aggressively buying them at roughly 3.2 times book value, signaling limited upside after the stock’s strong run. JPMorgan: Start Accumulating The Preferred For Income, Hold The Common At 3.2x Book

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, payments, investment banking, asset management and wealth management services to consumers, businesses, institutional clients and governments.

The company operates through four primary business areas: Consumer & Community Banking; Commercial & Investment Banking; Asset & Wealth Management; and Corporate. Its offerings include deposit accounts, credit cards, mortgages, auto loans, business banking, commercial lending, treasury services, investment banking, securities trading, investment management and private banking.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across numerous international markets.

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