PensionDanmark Pensionsforsikringsaktieselskab boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 550,820 shares of the financial services provider's stock after purchasing an additional 3,000 shares during the period. JPMorgan Chase & Co. comprises 1.5% of PensionDanmark Pensionsforsikringsaktieselskab's holdings, making the stock its 11th largest position. PensionDanmark Pensionsforsikringsaktieselskab's holdings in JPMorgan Chase & Co. were worth $180,300,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the company. Sterling Group Wealth Management LLC raised its position in JPMorgan Chase & Co. by 0.8% in the 1st quarter. Sterling Group Wealth Management LLC now owns 4,020 shares of the financial services provider's stock valued at $1,183,000 after buying an additional 33 shares during the last quarter. Vestia Personal Wealth Advisors boosted its position in JPMorgan Chase & Co. by 2.7% during the 4th quarter. Vestia Personal Wealth Advisors now owns 1,294 shares of the financial services provider's stock worth $391,000 after acquiring an additional 34 shares during the last quarter. South Street Advisors LLC boosted its position in JPMorgan Chase & Co. by 0.4% during the 4th quarter. South Street Advisors LLC now owns 9,421 shares of the financial services provider's stock worth $3,036,000 after acquiring an additional 34 shares during the last quarter. Continental Investors Services Inc. grew its stake in shares of JPMorgan Chase & Co. by 4.9% during the 4th quarter. Continental Investors Services Inc. now owns 722 shares of the financial services provider's stock worth $225,000 after acquiring an additional 34 shares in the last quarter. Finally, Beacon Financial Advisory LLC grew its stake in shares of JPMorgan Chase & Co. by 0.3% during the 1st quarter. Beacon Financial Advisory LLC now owns 11,598 shares of the financial services provider's stock worth $3,412,000 after acquiring an additional 34 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.
JPMorgan Chase & Co. Stock Performance
Shares of JPM stock opened at $356.29 on Friday. The company has a fifty day moving average price of $333.16 and a two-hundred day moving average price of $313.09. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $363.00. The stock has a market cap of $954.68 billion, a P/E ratio of 15.27, a P/E/G ratio of 1.48 and a beta of 0.99. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.86.
JPMorgan Chase & Co. Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Monday, July 6th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, July 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 25.71%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on JPM shares. Deutsche Bank Aktiengesellschaft raised 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 research report on Wednesday, July 22nd. UBS Group lifted their price target 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. The Goldman Sachs Group reissued a "buy" rating and set a $418.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Argus increased their price objective on shares of JPMorgan Chase & Co. from $340.00 to $355.00 and gave the stock a "buy" rating in a research note on Wednesday, April 15th. Finally, DZ Bank reaffirmed a "neutral" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, April 15th. 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's stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and a consensus target price of $359.33.
Read Our Latest Analysis on JPMorgan Chase & Co.
Insider Buying and Selling
In related news, General Counsel Stacey Friedman sold 5,468 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $300.27, for a total transaction of $1,641,876.36. Following the completion of the transaction, the general counsel owned 46,428 shares in the company, valued at approximately $13,940,935.56. This trade represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.41% of the company's stock.
JPMorgan Chase & Co. News Summary
Here are the key news stories impacting JPMorgan Chase & Co. this week:
- Positive Sentiment: Payments expansion: JPMorgan Payments’ U.S. Commerce Platform now offers Klarna’s pay-in-full, installment and financing options without requiring merchants to complete a separate integration. The partnership could improve merchant adoption, transaction volumes and fee revenue. Klarna Goes Live With J.P. Morgan Payments
- Positive Sentiment: New asset-management product: J.P. Morgan Asset Management launched the JLVP active ETF, which combines a value-oriented large-cap portfolio with a limited short position. The product broadens JPMorgan’s fee-generating investment lineup, although the near-term earnings impact is likely limited. JPMorgan’s New JLVP ETF
- Neutral Sentiment: Regulatory filing: JPMorgan filed its Form 10-Q for the quarter ended June 30 with the SEC. The filing is a required disclosure, and the announcement provided no new financial details or outlook changes. JPMorganChase Files Form 10-Q
- Neutral Sentiment: Reports that JPMorgan reduced or exited substantial-holder positions in Cochlear and Hexagon Composites concern investment holdings and do not indicate a change in JPMorgan’s operating outlook. JPMorgan exits substantial holder position in Cochlear
- Negative Sentiment: Macro and market-risk concerns: Dimon said margin debt is at a record level and that leverage embedded in hedge funds, prime brokerages and leveraged ETFs could amplify volatility. He also cautioned that heavy AI-related capital spending, fiscal deficits and military expenditures may keep inflation elevated, potentially sustaining higher interest rates. Jamie Dimon warns of high leverage
- Negative Sentiment: Sector pressure: Financial stocks traded lower during the afternoon, creating a broad-market drag on JPMorgan independent of company-specific news. Sector Update: Financial Stocks Softer
About JPMorgan Chase & Co.
(
Free Report)
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.
Further Reading
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