Vestcor Inc Trims Stock Position in JPMorgan Chase & Co. $JPM

Vestcor Inc decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,238 shares of the financial services provider’s stock after selling 2,534 shares during the period. Vestcor Inc’s holdings in JPMorgan Chase & Co. were worth $19,001,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of JPM. Brighton Jones LLC grew its holdings in JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after acquiring an additional 4,841 shares in the last quarter. Acorns Advisers LLC raised its holdings in shares of JPMorgan Chase & Co. by 6.9% in the 1st quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 100 shares in the last quarter. Ignite Planners LLC lifted its position in shares of JPMorgan Chase & Co. by 0.7% in the 2nd quarter. Ignite Planners LLC now owns 10,934 shares of the financial services provider’s stock worth $3,185,000 after purchasing an additional 78 shares during the period. Schnieders Capital Management LLC. lifted its position in shares of JPMorgan Chase & Co. by 0.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 60,730 shares of the financial services provider’s stock worth $17,606,000 after purchasing an additional 565 shares during the period. Finally, State of Michigan Retirement System boosted its stake in shares of JPMorgan Chase & Co. by 2.7% during the second quarter. State of Michigan Retirement System now owns 925,631 shares of the financial services provider’s stock valued at $268,350,000 after purchasing an additional 24,100 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.2%

NYSE:JPM traded up $3.34 during mid-day trading on Friday, hitting $286.23. 1,937,441 shares of the company’s stock traded hands, compared to its average volume of 11,136,328. The company has a fifty day moving average of $307.57 and a 200 day moving average of $308.38. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $337.25. The company has a market capitalization of $771.97 billion, a P/E ratio of 14.29, a P/E/G ratio of 1.19 and a beta of 1.06. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.85 and a current ratio of 0.85.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, January 13th. The financial services provider reported $5.23 EPS for the quarter, beating analysts’ consensus estimates of $4.93 by $0.30. The company had revenue of $45.80 billion during the quarter, compared to analysts’ expectations of $45.98 billion. JPMorgan Chase & Co. had a return on equity of 17.16% and a net margin of 20.35%.The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $4.81 earnings per share. On average, analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: Zacks upgraded JPMorgan to a Strong Buy, highlighting favorable earnings prospects and dividend appeal which could attract long-term buyers. JPMorgan Chase & Co. (JPM) Upgraded to Strong Buy
• Neutral Sentiment: A Fortune profile on CEO Jamie Dimon (age 70) is largely human-interest; it reinforces stable leadership but is unlikely to move the share price materially. Jamie Dimon profile — Fortune
• Neutral Sentiment: JPMorgan warns of “persistent” retail investor fatigue amid Iran-related market stress; this points to weaker market breadth and can amplify bank-sector weakness during risk-off episodes. Retail investor fatigue — MarketWatch
• Negative Sentiment: JPMorgan has restricted lending to private-credit firms after marking down collateral values for software loans — a sign the bank is pulling back risk exposure and facing valuation/liquidity pressure in the $2T private-credit market. That action directly pressures profitability and increases uncertainty for future fee income. JPMorgan restricts private-credit lending — Reuters
• Negative Sentiment: Relatedly, the firm marked down and repriced loans to AI‑exposed software companies, signaling credit-quality concerns in tech/private-credit portfolios — this can hit net interest margin and provoke further provisioning. JPMorgan reprices AI-exposed software loans — Yahoo
• Negative Sentiment: JPMorgan faces a proposed class action alleging it enabled a $328M crypto Ponzi; legal exposure and potential compliance reputational costs add to near-term risk and headline sensitivity for the stock. JPMorgan sued over alleged role in $328M crypto Ponzi — Cointelegraph

Insider Activity

In related news, CEO Troy L. Rohrbaugh sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $307.11, for a total value of $15,355,500.00. Following the completion of the transaction, the chief executive officer directly owned 111,279 shares of the company’s stock, valued at $34,174,893.69. This trade represents a 31.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jennifer Piepszak sold 8,571 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $312.79, for a total transaction of $2,680,923.09. Following the completion of the sale, the chief operating officer owned 71,027 shares of the company’s stock, valued at $22,216,535.33. This trade represents a 10.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 71,596 shares of company stock valued at $22,067,932. 0.47% of the stock is owned by company insiders.

Analysts Set New Price Targets

JPM has been the topic of several research reports. HSBC set a $319.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “hold” rating in a report on Thursday, February 5th. Truist Financial dropped their target price on JPMorgan Chase & Co. from $334.00 to $330.00 in a research report on Wednesday, February 25th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, February 24th. Wells Fargo & Company reduced their price target on JPMorgan Chase & Co. from $360.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, February 17th. Finally, Wall Street Zen upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Sunday, January 18th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.00.

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.