QRG Capital Management Inc. Raises Stock Holdings in JPMorgan Chase & Co. $JPM

QRG Capital Management Inc. raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 6.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 477,500 shares of the financial services provider’s stock after buying an additional 29,555 shares during the period. JPMorgan Chase & Co. makes up 1.4% of QRG Capital Management Inc.’s portfolio, making the stock its 10th biggest holding. QRG Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $140,462,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $11,396,496,000. Cardano Risk Management B.V. lifted its stake in shares of JPMorgan Chase & Co. by 889.3% in the fourth quarter. Cardano Risk Management B.V. now owns 8,673,530 shares of the financial services provider’s stock worth $2,794,785,000 after acquiring an additional 7,796,814 shares during the period. Danske Bank A S acquired a new position in shares of JPMorgan Chase & Co. in the third quarter worth approximately $696,885,000. American Assets Investment Management LLC boosted its holdings in JPMorgan Chase & Co. by 1,172.2% in the fourth quarter. American Assets Investment Management LLC now owns 2,259,400 shares of the financial services provider’s stock valued at $728,024,000 after acquiring an additional 2,081,800 shares during the last quarter. Finally, Holocene Advisors LP boosted its holdings in JPMorgan Chase & Co. by 1,033.3% in the third quarter. Holocene Advisors LP now owns 2,155,120 shares of the financial services provider’s stock valued at $679,790,000 after acquiring an additional 1,964,958 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 5,468 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $300.27, for a total value of $1,641,876.36. Following the transaction, the general counsel owned 46,428 shares in the company, valued at approximately $13,940,935.56. This represents a 10.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Barnum sold 5,611 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $306.55, for a total value of $1,720,052.05. Following the completion of the sale, the chief financial officer directly owned 35,460 shares of the company’s stock, valued at $10,870,263. This trade represents a 13.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 33,623 shares of company stock worth $10,427,835. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on JPM shares. Truist Financial raised their price target on shares of JPMorgan Chase & Co. from $332.00 to $344.00 and gave the stock a “hold” rating in a report on Friday, June 26th. HSBC upped their price target on shares of JPMorgan Chase & Co. from $288.00 to $312.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Robert W. Baird set a $295.00 price objective on JPMorgan Chase & Co. in a research report on Wednesday, April 15th. Dbs Bank raised JPMorgan Chase & Co. to a “hold” rating in a research note on Tuesday, May 12th. Finally, Bank of America upped their target price on JPMorgan Chase & Co. from $362.00 to $408.00 and gave the company a “buy” rating in a research report on Tuesday. Fourteen research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $345.33.

More JPMorgan Chase & Co. News

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

JPMorgan Chase & Co. Trading Down 2.6%

NYSE:JPM opened at $330.37 on Thursday. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $343.45. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $885.23 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 1.55 and a beta of 0.99. The firm has a fifty day simple moving average of $314.85 and a two-hundred day simple moving average of $309.47.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share for the quarter, beating the consensus estimate of $5.50 by $0.44. The firm had revenue of $50.54 billion for the quarter, compared to analyst estimates of $48.30 billion. JPMorgan Chase & Co. had a net margin of 20.66% and a return on equity of 17.54%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.07 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 22.82 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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

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.