Smith Group Asset Management LLC Increases Stake in JPMorgan Chase & Co. $JPM

Smith Group Asset Management LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 151,610 shares of the financial services provider’s stock after purchasing an additional 10,917 shares during the period. JPMorgan Chase & Co. comprises approximately 2.0% of Smith Group Asset Management LLC’s portfolio, making the stock its 22nd largest holding. Smith Group Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $49,627,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Fidelis Capital Partners LLC lifted its holdings in JPMorgan Chase & Co. by 7.9% during the 4th quarter. Fidelis Capital Partners LLC now owns 70,077 shares of the financial services provider’s stock worth $22,580,000 after buying an additional 5,101 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services increased its holdings in shares of JPMorgan Chase & Co. by 18.7% in the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 41,218 shares of the financial services provider’s stock valued at $12,125,000 after acquiring an additional 6,492 shares during the last quarter. Brighton Jones LLC increased its holdings in shares of JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after acquiring an additional 4,841 shares during the last quarter. FAS Wealth Partners Inc. raised its position in shares of JPMorgan Chase & Co. by 4.3% during the 1st quarter. FAS Wealth Partners Inc. now owns 43,527 shares of the financial services provider’s stock worth $12,804,000 after acquiring an additional 1,794 shares in the last quarter. Finally, KTF Investments LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $6,449,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JPM has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $375.00 to $390.00 and gave the company an “overweight” rating in a report on Friday, August 14th. Evercore restated an “outperform” rating and set a $360.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. Jefferies Financial Group set a $350.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. Morgan Stanley reaffirmed a “positive” rating and issued a $370.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 15th. Finally, Barclays lifted their price target on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average price target of $359.96.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of the 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 sale, the insider directly owned 73,547 shares of the company’s stock, valued at $26,580,621.27. This trade represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 shares were sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the completion of the transaction, the general counsel owned 40,961 shares in the company, valued at approximately $13,547,031.53. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by corporate insiders.

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: Higher interest-rate expectations and a 10-year Treasury yield near 4.8% are supporting the earnings case for JPMorgan. Recent commentary cited a 10% increase in net interest income to $25.6 billion, making banks more attractive as investors rotate away from some growth stocks. JPMorgan Rises as 10-Year Treasury Yield Hits 4.8% Expectations of Rising Rates and Worries About AI Have Investors Piling Into Big Bank Stocks
• Positive Sentiment: JPMorgan’s market outperformance reflects favorable investor positioning and continued confidence in the bank’s fundamentals following its latest earnings beat, which included stronger-than-expected revenue and earnings growth. JPMorgan Chase & Co. Outperforms Broader Market
• Positive Sentiment: JPMorgan’s Kinexys blockchain platform is gaining traction in payments and settlement, potentially accelerating fund transfers, strengthening client relationships and creating longer-term payments revenue opportunities. Will Kinexys Fuel JPMorgan’s Next Leg of Payments Growth?
• Neutral Sentiment: JPMorgan’s strategic rebrand of Campbell Global as J.P. Morgan Natural Capital highlights expansion in forestland and nature-based assets, although the immediate financial effect on JPM shares is likely limited. J.P. Morgan Asset Management Announces Rebrand
• Negative Sentiment: JPMorgan is seeking a stay of a $20 million fee order connected to the Javice litigation. The legal dispute could create additional costs and reputational risk, although the request itself does not establish a final liability. JPMorgan Seeks Stay of $20M Javice Fee Order
• Neutral Sentiment: The bank has curtailed financing to Jane Street as the trading firm expands in U.S. Treasury market-making. The move may limit counterparty exposure but also underscores growing competition from non-bank trading firms in fixed income. JPMorgan Curbed Lending to Jane Street

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $362.11 on Friday. The stock has a market capitalization of $962.56 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 1.47 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 stock’s 50-day moving average price is $349.30 and its 200 day moving average price is $320.17. 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) last posted its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The firm had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. During the same period in the prior year, the business earned $4.96 EPS. The firm’s revenue was up 27.7% compared to the same quarter last year. As a group, equities research analysts forecast 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.