Gateway Investment Advisers LLC Reduces Stock Position in JPMorgan Chase & Co. $JPM

Gateway Investment Advisers LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 557,205 shares of the financial services provider’s stock after selling 22,424 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.8% of Gateway Investment Advisers LLC’s portfolio, making the stock its 9th largest position. Gateway Investment Advisers LLC’s holdings in JPMorgan Chase & Co. were worth $182,390,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Interchange Capital Partners LLC grew its holdings in JPMorgan Chase & Co. by 18.4% in the 2nd quarter. Interchange Capital Partners LLC now owns 17,438 shares of the financial services provider’s stock valued at $5,709,000 after buying an additional 2,716 shares during the last quarter. Market Street Wealth Management Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 28.4% during the second quarter. Market Street Wealth Management Advisors LLC now owns 5,239 shares of the financial services provider’s stock worth $1,715,000 after buying an additional 1,159 shares during the last quarter. Owl Creek Wealth Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 8.9% during the second quarter. Owl Creek Wealth Partners LLC now owns 3,878 shares of the financial services provider’s stock worth $1,269,000 after buying an additional 318 shares during the last quarter. Altrafin AG boosted its position in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Altrafin AG now owns 39,326 shares of the financial services provider’s stock valued at $12,873,000 after acquiring an additional 140 shares during the period. Finally, Merit Financial Group LLC boosted its position in shares of JPMorgan Chase & Co. by 37.8% in the second quarter. Merit Financial Group LLC now owns 245,022 shares of the financial services provider’s stock valued at $80,203,000 after acquiring an additional 67,152 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.2%

JPM stock opened at $362.55 on Friday. JPMorgan Chase & Co. has a 1-year low of $279.10 and a 1-year high of $366.50. The firm has a market cap of $963.72 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.49 and a beta of 0.99. The business’s 50 day moving average is $340.11 and its 200-day moving average is $315.46. 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) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.59 by $0.55. The business 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%.JPMorgan Chase & Co.’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.96 EPS. Equities analysts anticipate that JPMorgan Chase & Co. will post 24.28 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 6th were paid a dividend of $1.50 per share. 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 is currently 25.71%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on JPM. Zacks Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Weiss Ratings raised shares of JPMorgan Chase & Co. from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, August 5th. The Goldman Sachs Group restated a “buy” rating and issued a $418.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. HSBC boosted their price objective on shares of JPMorgan Chase & Co. from $288.00 to $312.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $375.00 to $390.00 and gave the company an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $359.96.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $361.41, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,468 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were 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 owned 46,428 shares in the company, valued at $13,940,935.56. This represents a 10.54% 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. Insiders have sold 13,435 shares of company stock valued at $4,353,502 over the last quarter. Corporate 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: JPMorgan was named the first global banking partner of the Olympic and Paralympic Games. The sponsorship should increase the bank’s international brand visibility and may create opportunities across commercial banking, payments and wealth management. What Does JPMorgan Chase Olympic Deal And Banking Exit Mean Now?
• Positive Sentiment: JPMorgan’s strategists remain constructive on equities for the second half of the year, expecting broader participation from cyclical and higher-beta stocks. A stronger market could support the firm’s investment-banking, trading and asset-management businesses. JPMorgan Sees Further Equity Upside in Second Half
• Positive Sentiment: The bank declared dividends on its Series II, OO and PP preferred stock, signaling continued capacity to meet capital-return obligations. The announcement is routine and does not change common-stock earnings expectations. JPMorganChase Declares Preferred Stock Dividends
• Neutral Sentiment: JPMorgan disclosed larger second-quarter positions in Bitcoin and Ether ETFs. Because the filing combines positions across multiple investment-management entities, the purchases may reflect client or fund activity rather than a firmwide bullish cryptocurrency view. JPMorgan Boosts Bitcoin and Ether ETF Positions
• Negative Sentiment: Reports that JPMorgan ended its banking relationship with Polymarket over regulatory concerns renewed scrutiny of the bank’s exposure to prediction markets. Although JPMorgan reportedly maintains other ties and could pursue future underwriting work, the episode highlights compliance and reputational risks. JPMorgan Debanked Polymarket Over Regulatory Concerns
• Negative Sentiment: Financial stocks traded lower during the afternoon, with the NYSE Financial Index also declining. The sector-wide pressure is likely weighing on JPMorgan alongside profit-taking after its strong run toward its 12-month high. Sector Update: Financial Stocks Softer Friday Afternoon

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.