Turn8 Private Wealth Inc. Has $4.57 Million Holdings in JPMorgan Chase & Co. $JPM

Turn8 Private Wealth Inc. lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 17.6% during the first quarter, Holdings Channel.com reports. The firm owned 15,539 shares of the financial services provider’s stock after purchasing an additional 2,321 shares during the period. JPMorgan Chase & Co. accounts for 2.9% of Turn8 Private Wealth Inc.’s holdings, making the stock its 15th biggest position. Turn8 Private Wealth Inc.’s holdings in JPMorgan Chase & Co. were worth $4,571,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Morgan Stanley grew its holdings in shares of JPMorgan Chase & Co. by 1.4% during the fourth quarter. Morgan Stanley now owns 66,385,268 shares of the financial services provider’s stock valued at $21,390,662,000 after buying an additional 939,421 shares during the last quarter. Norges Bank bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $11,396,496,000. Bank of New York Mellon Corp boosted its stake in JPMorgan Chase & Co. by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 23,424,482 shares of the financial services provider’s stock valued at $7,547,837,000 after purchasing an additional 1,194,583 shares during the last quarter. Legal & General Group Plc increased its holdings in JPMorgan Chase & Co. by 0.6% during the 4th quarter. Legal & General Group Plc now owns 19,019,564 shares of the financial services provider’s stock worth $6,128,484,000 after purchasing an additional 110,586 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in JPMorgan Chase & Co. by 1.9% during the 4th quarter. Fisher Asset Management LLC now owns 16,018,656 shares of the financial services provider’s stock worth $5,161,532,000 after purchasing an additional 296,213 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Jennifer Piepszak sold 9,136 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $306.56, for a total transaction of $2,800,732.16. Following the completion of the sale, the chief operating officer owned 90,001 shares in the company, valued at $27,590,706.56. This trade represents a 9.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,468 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 sale, the general counsel directly owned 46,428 shares in the company, valued at $13,940,935.56. This trade represents a 10.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 33,623 shares of company stock valued at $10,427,835 in the last three months. Company insiders own 0.41% of the company’s stock.

JPMorgan Chase & Co. Trading Down 2.6%

Shares of JPMorgan Chase & Co. stock opened at $330.37 on Thursday. JPMorgan Chase & Co. has a 1 year low of $279.10 and a 1 year high of $343.45. The firm has a market cap of $885.23 billion, a PE ratio of 15.82, a P/E/G ratio of 1.55 and a beta of 0.99. The stock has a fifty day moving average price of $314.85 and a 200-day moving average price of $309.47. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.86 and a quick ratio of 0.86.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share for the quarter, topping analysts’ consensus estimates of $5.50 by $0.44. The company had revenue of $50.54 billion for the quarter, compared to the consensus estimate of $48.30 billion. JPMorgan Chase & Co. had a net margin of 20.66% and a return on equity of 17.54%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $5.07 EPS. Equities research analysts anticipate that JPMorgan Chase & Co. will post 22.82 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s payout ratio is presently 28.74%.

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: Several Wall Street firms raised their price targets on JPMorgan, including Morgan Stanley, UBS and Bank of America, signaling continued confidence in the bank’s earnings power and valuation. JPMorgan to pursue smaller deals in latest growth push
• Positive Sentiment: JPMorgan is expanding its investment banking franchise by launching a team focused on smaller companies valued between $100 million and $500 million, which could widen fee opportunities and deepen client relationships. JPMorgan (JPM) Ranks Among the Most Profitable Stocks
• Positive Sentiment: The bank’s recent dividend increase and new $50 billion buyback authorization underscore strong capital generation and shareholder returns, which investors typically view favorably. Why JPMorgan’s (JPM) Dividend Hike and $50 Billion Buyback Make It a Strong Capital-Return Tax Case
• Neutral Sentiment: JPMorgan remains a top pick in profitability screens and is seen as a likely earnings beat candidate, but much of this is already reflected in expectations ahead of next week’s report. JPMorgan Chase Co. (JPM) Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Options traders are pricing in a sizable move around the July 14 earnings release, suggesting investors are bracing for volatility rather than a clear directional catalyst. JPMorgan Chase: Here’s One Trade To Consider As Earnings Approach
• Negative Sentiment: Recent trading has been weaker than the broader market, reflecting some profit-taking and caution ahead of earnings despite the favorable analyst tone. JPMorgan Chase & Co. (JPM) Registers a Bigger Fall Than the Market: Important Facts to Note

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. DZ Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, April 15th. Robert W. Baird set a $295.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, April 15th. Zacks Research lowered shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Royal Bank Of Canada reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Monday, May 4th. Finally, Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $350.00 to $360.00 and gave the company an “overweight” rating in a research report on Monday. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $345.33.

JPMorgan Chase & Co. 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.