Montag A & Associates Inc. Cuts Stake in JPMorgan Chase & Co. $JPM

Key Points

• Montag A & Associates reduced its JPMorgan stake by 3.9% in the second quarter, selling 3,195 shares and retaining 79,072 shares worth approximately $25.9 million. JPMorgan represents about 1.1% of the firm’s portfolio.
• 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. Shares opened at $358.21, near their 52-week high of $366.50.
• Analysts maintain a generally positive outlook, with an average rating of “Moderate Buy” and an average price target of $359.96; individual targets range from $350 to $418.

Montag A & Associates Inc. decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,072 shares of the financial services provider's stock after selling 3,195 shares during the period. JPMorgan Chase & Co. accounts for about 1.1% of Montag A & Associates Inc.'s holdings, making the stock its 22nd biggest position. Montag A & Associates Inc.'s holdings in JPMorgan Chase & Co. were worth $25,883,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of JPM. Arkansas Financial Group Inc. lifted its position in JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Arkansas Financial Group Inc. now owns 2,667 shares of the financial services provider's stock valued at $873,000 after acquiring an additional 30 shares during the period. Flynn Zito Capital Management LLC raised its holdings in JPMorgan Chase & Co. by 1.1% in the 2nd quarter. Flynn Zito Capital Management LLC now owns 2,830 shares of the financial services provider's stock worth $926,000 after purchasing an additional 30 shares during the period. Wedgewood Investors Inc. PA increased its stake in shares of JPMorgan Chase & Co. by 1.5% in the second quarter. Wedgewood Investors Inc. PA now owns 2,059 shares of the financial services provider's stock worth $674,000 after purchasing an additional 30 shares in the last quarter. WealthBridge Capital Management LLC boosted its stake in JPMorgan Chase & Co. by 0.3% in the 2nd quarter. WealthBridge Capital Management LLC now owns 10,503 shares of the financial services provider's stock worth $3,438,000 after purchasing an additional 31 shares during the period. Finally, LightSquare Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 1.1% in the second quarter. LightSquare Wealth Management LLC now owns 2,952 shares of the financial services provider's stock worth $966,000 after buying an additional 31 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Trading Down 0.1%

Shares of NYSE:JPM opened at $358.21 on Tuesday. The company's 50 day moving average is $350.46 and its two-hundred day moving average is $320.92. The company has a market cap 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 52 week low of $279.10 and a 52 week high of $366.50. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data 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. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The company had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. During the same quarter in the prior year, the firm posted $4.96 earnings per share. JPMorgan Chase & Co.'s revenue for the quarter was up 27.7% on a year-over-year basis. Equities analysts predict that JPMorgan Chase & Co. will post 24.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on JPM. Jefferies Financial Group set a $350.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. Truist Financial increased their price objective on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a "hold" rating in a research report on Wednesday, July 15th. UBS Group lifted their price objective on shares of JPMorgan Chase & Co. from $384.00 to $400.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. The Goldman Sachs Group reissued a "buy" rating and set a $418.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. Finally, Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 15th. One 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 data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and an average price target of $359.96.

More JPMorgan Chase & Co. News

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

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $361.41, for a total value of $903,525.00. Following the completion of the transaction, the insider directly 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 sale was disclosed in a filing with the SEC, 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 JPMorgan Chase & Co. stock in a transaction 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 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. 0.41% of the stock is currently owned by company insiders.

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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