Hilltop Holdings Inc. cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,874 shares of the financial services provider’s stock after selling 2,400 shares during the quarter. JPMorgan Chase & Co. comprises 1.2% of Hilltop Holdings Inc.’s investment portfolio, making the stock its 11th biggest position. Hilltop Holdings Inc.’s holdings in JPMorgan Chase & Co. were worth $22,987,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Hollow Brook Wealth Management LLC raised its holdings in JPMorgan Chase & Co. by 54.4% in the 3rd quarter. Hollow Brook Wealth Management LLC now owns 4,003 shares of the financial services provider’s stock valued at $1,263,000 after acquiring an additional 1,411 shares during the last quarter. Holocene Advisors LP boosted its holdings in shares of JPMorgan Chase & Co. by 1,033.3% during the 3rd quarter. Holocene Advisors LP now owns 2,155,120 shares of the financial services provider’s stock worth $679,790,000 after purchasing an additional 1,964,958 shares during the last quarter. Gotham Asset Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 12.0% during the 3rd quarter. Gotham Asset Management LLC now owns 96,489 shares of the financial services provider’s stock worth $30,436,000 after purchasing an additional 10,328 shares during the last quarter. Fagan Associates Inc. grew its position in shares of JPMorgan Chase & Co. by 0.4% in the third quarter. Fagan Associates Inc. now owns 62,047 shares of the financial services provider’s stock valued at $19,571,000 after purchasing an additional 275 shares in the last quarter. Finally, First Commonwealth Financial Corp PA grew its position in shares of JPMorgan Chase & Co. by 19.4% in the third quarter. First Commonwealth Financial Corp PA now owns 17,582 shares of the financial services provider’s stock valued at $5,546,000 after purchasing an additional 2,858 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on JPM shares. The Goldman Sachs Group lifted their price objective on JPMorgan Chase & Co. from $386.00 to $397.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Wolfe Research cut JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Truist Financial cut their target price on JPMorgan Chase & Co. from $334.00 to $330.00 in a research note on Wednesday, February 25th. Barclays reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, February 13th. Finally, Daiwa Securities Group raised their price target on shares of JPMorgan Chase & Co. from $345.00 to $353.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $340.00.
JPMorgan Chase & Co. Price Performance
JPMorgan Chase & Co. stock opened at $283.47 on Monday. The company’s 50 day simple moving average is $306.73 and its 200-day simple moving average is $308.43. 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. has a 1 year low of $202.16 and a 1 year high of $337.25. The company has a market capitalization of $764.52 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 1.17 and a beta of 1.06.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings data on Tuesday, January 13th. The financial services provider reported $5.23 earnings per share for the quarter, topping analysts’ consensus estimates of $4.93 by $0.30. JPMorgan Chase & Co. had a net margin of 20.35% and a return on equity of 17.16%. The firm had revenue of $45.80 billion during the quarter, compared to analysts’ expectations of $45.98 billion. During the same quarter last year, the company posted $4.81 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.
JPMorgan Chase & Co. News Summary
Here are the key news stories impacting JPMorgan Chase & Co. this week:
- Positive Sentiment: Board/IR action: the firm declared dividends on its Series CC preferred shares — a direct cash return to preferred holders and a sign of capital/access to funding. JPMorganChase Declares Preferred Stock Dividends
- Positive Sentiment: Analyst optimism: Zacks moved JPMorgan to a stronger rating, which can support demand from retail and model-driven funds. Zacks Research Upgrade
- Neutral Sentiment: CEO signal: Jamie Dimon warned inflation remains “the skunk at the party,” urging markets to respect macro risks — commentary that can boost caution but also signals management is focused on macro preparedness. ‘Inflation is the skunk at the party’: JPMorgan Chase CEO Jamie Dimon warns markets ignoring risk. How to prepare
- Negative Sentiment: Legal risk: JPMorgan was hit with a proposed class action alleging it facilitated a $328M crypto Ponzi scheme — potential reputational damage, legal costs and reserves if liabilities escalate. JPMorgan Hit With Lawsuit Tied To $328 Million Crypto Ponzi Scheme
- Negative Sentiment: Regulatory/legacy litigation: a renewed EU derivatives‑cartel fight centers on a €/ $380M fine tied to past conduct — another legal/financial overhang to watch. Long-running EU derivatives cartel fight reignites over JPMorgan’s $380 million fine
- Negative Sentiment: Credit & underwriting caution: the bank has restricted lending to some private‑credit firms and marked down software‑exposed loans — signaling rising asset‑quality stress in niche portfolios and potential for future provisioning. JPMorgan restricts private credit lending after markdowns
- Negative Sentiment: Insider selling & positioning: recent data show notable insider sales and mixed institutional flows — that can add downward pressure if sentiment worsens. Quiver Quantitative JPM data & insider activity
Insider Activity at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 8,571 shares of the company’s stock in a transaction 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 transaction, the chief operating officer directly owned 71,027 shares in the company, valued at $22,216,535.33. This represents a 10.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 3,404 shares of the firm’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $312.80, for a total value of $1,064,771.20. Following the transaction, the general counsel owned 65,353 shares of the company’s stock, valued at approximately $20,442,418.40. This represents a 4.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 71,596 shares of company stock valued at $22,067,932 over the last ninety days. 0.47% of the stock is owned by insiders.
JPMorgan Chase & Co. Company 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.
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