JPMorgan Chase & Co. $JPM Stock Position Lessened by Royal London Asset Management Ltd.

Key Points

• Royal London Asset Management reduced its JPMorgan position by 1.4%, selling 30,026 shares and retaining 2.19 million shares valued at approximately $716.8 million. Institutional investors and hedge funds collectively own 71.55% of the stock.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $360.58; several firms recently raised their targets, although Jefferies lowered its target to $365 while maintaining a “Hold” rating.
• JPMorgan reported stronger-than-expected quarterly results, including $6.14 in EPS and $58.02 billion in revenue, while increasing its quarterly dividend to $1.65 per share from $1.50.

Royal London Asset Management Ltd. trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,189,863 shares of the financial services provider's stock after selling 30,026 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.3% of Royal London Asset Management Ltd.'s investment portfolio, making the stock its 13th biggest position. Royal London Asset Management Ltd. owned 0.08% of JPMorgan Chase & Co. worth $716,808,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Toth Financial Advisory Corp lifted its holdings in 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 worth $666,000 after buying an additional 86 shares in the last quarter. Mufg Securities Americas Inc. increased its position in shares of JPMorgan Chase & Co. by 9.2% during the second quarter. Mufg Securities Americas Inc. now owns 88,605 shares of the financial services provider's stock worth $29,003,000 after acquiring an additional 7,488 shares during the period. Investors Asset Management of Georgia Inc. GA ADV raised its position in JPMorgan Chase & Co. by 0.5% in the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 26,964 shares of the financial services provider's stock valued at $8,826,000 after purchasing an additional 124 shares in the last quarter. Northstar Asset Management Inc. boosted its stake in shares of JPMorgan Chase & Co. by 46.4% in the 2nd quarter. Northstar Asset Management Inc. now owns 1,467 shares of the financial services provider's stock valued at $480,000 after buying an additional 465 shares during the period. Finally, Nissay Asset Management Corp Japan grew its position in shares of JPMorgan Chase & Co. by 28.6% during the second quarter. Nissay Asset Management Corp Japan now owns 507,520 shares of the financial services provider's stock worth $166,127,000 after buying an additional 112,954 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JPM has been the topic of several analyst reports. Barclays raised their target price on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an "overweight" rating in a report on Wednesday, July 15th. Keefe, Bruyette & Woods increased 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. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and set a $375.00 price objective on the stock in a report on Wednesday, July 22nd. UBS Group increased their price objective on JPMorgan Chase & Co. from $384.00 to $400.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Finally, Morgan Stanley restated a "positive" rating and set a $370.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 15th. Sixteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and an average price target of $360.58.

Trending Headlines about JPMorgan Chase & Co.

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

• Positive Sentiment: Cross-border payments expansion: JPMorgan Payments is partnering with Thunes to provide faster payouts to bank accounts and mobile wallets across more than 100 corridors. The initiative could expand transaction volumes and strengthen JPM’s global payments franchise. JPMorgan Payments brings faster cross-border payments to more markets
• Positive Sentiment: Asset-management growth: JPMorgan Asset Management announced a $200 million sustainable-forestry investment in Paraguay and recently secured a reported $20 billion multi-market investment partnership with Qatar Investment Authority. These developments could support fee income and reinforce JPM’s global asset-gathering platform. Paraguay sustainable forestry investment
• Positive Sentiment: Potential card expansion: JPMorgan is exploring a private-credit “second-look” model that could allow outside lenders to fund some applicants the bank declines. The approach may increase card reach and fee revenue while transferring some credit risk, though execution and regulatory considerations remain. Private credit and JPMorgan’s card business
• Neutral Sentiment: Analyst view: JPMorgan strategist Grace Peters remains constructive on equities despite higher bond yields, but the comments are broad market guidance rather than a direct change to JPM’s earnings outlook. JPMorgan’s Peters favors stocks
• Negative Sentiment: Jefferies trims valuation target: Jefferies lowered its JPMorgan price target to $365 from $370 while retaining a “Hold” rating. The reduction signals limited perceived upside after the stock’s strong run and is the clearest near-term negative catalyst. Jefferies adjusts JPMorgan price target

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total transaction of $882,025.00. Following the completion of the sale, the insider directly owned 71,047 shares of the company's stock, valued at $25,066,092.07. This represents a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Trading Up 0.2%

NYSE:JPM opened at $338.05 on Friday. The stock's 50 day moving average price is $353.73 and its 200 day moving average price is $325.34. The company has a market capitalization of $898.60 billion, a PE ratio of 14.48, a P/E/G ratio of 1.40 and a beta of 0.98. 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 52-week low of $279.10 and a 52-week high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $58.02 billion during the quarter, compared to analysts' expectations of $50.72 billion. During the same quarter in the previous year, the business earned $4.96 earnings per share. The firm's revenue for the quarter was up 27.7% on a year-over-year basis. On average, research analysts anticipate that JPMorgan Chase & Co. will post 24.3 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Tuesday, October 6th will be given a $1.65 dividend. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. The ex-dividend date is Tuesday, October 6th. This represents a $6.60 annualized dividend and a yield of 2.0%. JPMorgan Chase & Co.'s payout ratio is presently 25.71%.

About JPMorgan Chase & Co.

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.

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.