JPMorgan Chase & Co. $JPM Shares Sold by Guardian Partners Inc.

Key Points

• Guardian Partners cut its JPMorgan stake by 11.3% in the second quarter, selling 10,792 shares and retaining 85,096 shares worth approximately $27.9 million. Institutional investors collectively own 71.55% of the company.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $359.96; Bank of America raised its target to $420, while other firms issued targets ranging from $312 to $384.
• JPMorgan reported strong quarterly results, with earnings per share of $6.14 and revenue of $58.02 billion, exceeding estimates and increasing revenue 27.7% year over year. However, regulatory scrutiny related to margin lending and potential capital-rule changes remain risks to returns and buybacks.

Guardian Partners Inc. decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,096 shares of the financial services provider's stock after selling 10,792 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.5% of Guardian Partners Inc.'s holdings, making the stock its 8th largest position. Guardian Partners Inc.'s holdings in JPMorgan Chase & Co. were worth $27,854,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. Financial Network Wealth Advisors LLC increased its position in JPMorgan Chase & Co. by 9.3% in the 2nd quarter. Financial Network Wealth Advisors LLC now owns 660 shares of the financial services provider's stock worth $216,000 after buying an additional 56 shares during the period. Saiph Capital LLC boosted its position in shares of JPMorgan Chase & Co. by 6.5% in the second quarter. Saiph Capital LLC now owns 8,098 shares of the financial services provider's stock valued at $2,651,000 after acquiring an additional 493 shares during the period. Ethic Inc. boosted its position in shares of JPMorgan Chase & Co. by 9.9% in the second quarter. Ethic Inc. now owns 92,027 shares of the financial services provider's stock valued at $30,123,000 after acquiring an additional 8,322 shares during the period. Longbow Finance SA grew its stake in shares of JPMorgan Chase & Co. by 31.2% in the second quarter. Longbow Finance SA now owns 46,628 shares of the financial services provider's stock worth $15,263,000 after acquiring an additional 11,098 shares during the last quarter. Finally, PW Nova Financial Services LLC grew its stake in shares of JPMorgan Chase & Co. by 6.5% in the second quarter. PW Nova Financial Services LLC now owns 20,024 shares of the financial services provider's stock worth $6,554,000 after acquiring an additional 1,214 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Insiders Place Their Bets

In other news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. 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 in the company, valued at approximately $26,580,621.27. The trade was a 3.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the completion of the transaction, the general counsel directly owned 40,961 shares of the company's stock, valued at $13,547,031.53. This trade represents a 11.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group set a $350.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Bank of America raised their price target on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a "buy" rating in a research report on Thursday, July 16th. HSBC boosted their price objective on shares of JPMorgan Chase & Co. from $288.00 to $312.00 and gave the stock a "hold" rating in a report on Monday, May 4th. Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an "outperform" rating in a research report on Wednesday, July 15th. Finally, Truist Financial increased their target price on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a "hold" rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $359.96.

Trending Headlines about JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan is expanding its retail footprint with a planned branch in the Lake Norman area and a new Frisco, Texas, lease. The moves support long-term deposit gathering, customer acquisition and local commercial-banking growth, although the near-term earnings impact is likely modest. Chase Bank plans to open new branch in Lake Norman JPMorgan Chase plans expansion, signs Frisco lease
• Positive Sentiment: A new collaboration with Experian will embed account and payee verification into payment workflows. By helping businesses detect incorrect accounts and potential fraud before funds are sent, the service could strengthen JPMorgan’s payments offering and create additional enterprise relationships. Experian and JPMorgan Push Account Checks Into Payment Workflows
• Positive Sentiment: JPMorgan’s potential stablecoin is viewed as a way to extend its blockchain-payment capabilities, accelerate settlement and deepen institutional digital-finance relationships. The initiative could improve the bank’s competitive position in payments, though commercialization and regulatory execution remain uncertain. Can JPMorgan's Stablecoin Push Strengthen Its Digital Payments Edge?
• Neutral Sentiment: Recent comparisons indicate JPMorgan has helped lead gains among diversified banks, with analysts remaining moderately optimistic. That supports sentiment but offers limited new information about earnings or valuation. How Is JPMorgan Chase's Stock Performance Compared to Other Diversified Bank Stocks
• Negative Sentiment: Regulatory scrutiny is a key risk. The SEC reportedly subpoenaed JPMorgan and other major banks over margin lending to a hedge fund that suffered a steep drawdown. Separately, a proposed GSIB capital-surcharge revision and a technical funding change could reduce expected capital relief, potentially pressuring returns and buyback capacity. SEC Probe Puts Wall Street Leverage Risk Back in Focus JPMorgan Prices One Fed Formula at 61% of Quarterly Profit

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $357.54 on Friday. The business has a fifty day simple moving average of $347.44 and a 200 day simple moving average of $318.83. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $950.41 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.47 and a beta of 0.99. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.59 by $0.55. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The firm had revenue of $58.02 billion for the quarter, compared to the consensus estimate of $50.72 billion. During the same quarter in the previous year, the company earned $4.96 earnings per share. The business's revenue was up 27.7% compared to the same quarter last year. Sell-side analysts expect that JPMorgan Chase & Co. will post 24.28 EPS for the current year.

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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