Resona Asset Management Co. Ltd. Decreases Stake in JPMorgan Chase & Co. $JPM

Resona Asset Management Co. Ltd. decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 774,721 shares of the financial services provider's stock after selling 84,892 shares during the quarter. JPMorgan Chase & Co. comprises 1.2% of Resona Asset Management Co. Ltd.'s holdings, making the stock its 13th largest position. Resona Asset Management Co. Ltd.'s holdings in JPMorgan Chase & Co. were worth $253,928,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Timmons Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $32,000. MBM Wealth Consultants LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $29,000. Aventus Investment Advisors Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $33,000. Finally, Osbon Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $35,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on JPM shares. Jefferies Financial Group set a $350.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Bank of America raised their price target on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. Barclays upped their price objective on JPMorgan Chase & Co. from $391.00 to $420.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. Zacks Research raised JPMorgan Chase & Co. from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Finally, UBS Group upped their price target on JPMorgan Chase & Co. from $384.00 to $400.00 and gave the company a "buy" rating in a report on Monday, August 3rd. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $359.96.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 5,467 shares of JPMorgan Chase & Co. stock in a transaction on Monday, June 22nd. The shares were 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 in the company, valued at approximately $13,547,031.53. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 company's 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 completion of the sale, the insider directly owned 73,547 shares of the company's stock, valued at $26,580,621.27. The trade was a 3.29% decrease in their ownership of the stock. 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 owned by corporate insiders.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan is evaluating a stablecoin that could expand its blockchain-based payments capabilities, reduce settlement friction and strengthen relationships with institutional digital-finance customers. The initiative could support new fee revenue and improve the bank’s competitive position in payments. Can JPMorgan's Stablecoin Push Strengthen Its Digital Payments Edge?
• Positive Sentiment: JPMorgan’s plan to commit as much as $750 billion to housing investment through 2035 highlights a sizable lending and investment opportunity amid the U.S. housing shortage. The strategy may broaden long-term growth, although returns will depend on execution and credit conditions. Jamie Dimon Committed JPMorgan to $750 Billion of Housing Investment Through 2035
• Positive Sentiment: Analyst commentary continues to emphasize JPMorgan’s earnings strength and potential to become the first bank valued at $1 trillion, supporting the bullish long-term narrative. The shares already trade at a premium valuation, however, which raises the importance of continued profit growth. JPMorgan Chase & Co. Could Soon Be Worth $1 Trillion
• Neutral Sentiment: JPMorgan and affiliates disclosed that they fell below the substantial-holder threshold in Australia-listed ASX Ltd. The transaction is unlikely to materially affect JPMorgan’s operating results or valuation. JPMorgan Group Drops Below Substantial Holder Threshold in ASX Ltd
• Negative Sentiment: A technical Federal Reserve capital formula could reduce JPMorgan’s expected capital relief by approximately $13 billion—an amount described as equivalent to roughly 61% of quarterly profit. Investors may view the possibility as a significant constraint on buybacks, dividends or balance-sheet flexibility. JPMorgan Prices One Fed Formula at 61% of Quarterly Profit
• Negative Sentiment: The SEC reportedly subpoenaed JPMorgan and other major banks over margin lending to hedge fund Situational Awareness after a 67% drawdown. The investigation increases legal, compliance and potential credit-risk concerns, although no wrongdoing was established in the report. SEC Probe Puts Wall Street Leverage Risk Back in Focus
• Negative Sentiment: Major banks, including JPMorgan, are opposing revisions to the Federal Reserve’s systemically important bank capital surcharge. Ongoing uncertainty over the final rules could keep pressure on the sector’s capital-return outlook. Market Chatter: Major US Banks Clash Over Fed's GSIB Capital Surcharge Revision

JPMorgan Chase & Co. Trading Down 0.6%

JPM opened at $354.21 on Friday. The firm has a market cap of $941.55 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 1.47 and a beta of 0.99. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $366.50. The business's 50 day moving average is $346.80 and its two-hundred day moving average is $318.55. 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. (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. The company had revenue of $58.02 billion during the quarter, compared to analysts' expectations of $50.72 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The firm's revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.96 earnings per share. On average, research analysts predict that JPMorgan Chase & Co. will post 24.28 EPS for the current year.

About JPMorgan Chase & Co.

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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