Greenhaven Associates Inc. Sells 1,500 Shares of JPMorgan Chase & Co. $JPM

Greenhaven Associates Inc. lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 37.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,500 shares of the financial services provider’s stock after selling 1,500 shares during the period. JPMorgan Chase & Co. makes up 0.0% of Greenhaven Associates Inc.’s portfolio, making the stock its 26th largest holding. Greenhaven Associates Inc.’s holdings in JPMorgan Chase & Co. were worth $818,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of JPM. Timmons Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $32,000. MBM Wealth Consultants LLC acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $29,000. Aventus Investment Advisors Inc. acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter worth approximately $33,000. Finally, Osbon Capital Management LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $35,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $354.21 on Friday. The firm’s 50 day simple moving average is $346.80 and its 200 day simple moving average is $318.55. The firm has a market capitalization of $941.55 billion, a price-to-earnings ratio of 15.18, a P/E/G ratio of 1.47 and a beta of 0.99. 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. has a 1 year low of $279.10 and a 1 year high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM) last announced 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 net margin of 21.86% and a return on equity of 18.23%. The business had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. During the same period in the previous year, the business earned $4.96 earnings per share. The company’s revenue was up 27.7% on a year-over-year basis. As a group, research analysts expect that JPMorgan Chase & Co. will post 24.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on JPM shares. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Royal Bank Of Canada boosted their target price on shares of JPMorgan Chase & Co. from $330.00 to $370.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Robert W. Baird upped their price target on shares of JPMorgan Chase & Co. from $295.00 to $305.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Bank of America upped their price target on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Finally, Dbs Bank raised shares of JPMorgan Chase & Co. to a “hold” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $359.96.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of the company’s 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 in the company, valued at $26,580,621.27. This represents a 3.29% decrease in their position. The sale was disclosed in a filing 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 the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $330.73, for a total value of $1,808,100.91. Following the completion of the sale, the general counsel directly owned 40,961 shares in the company, valued at $13,547,031.53. This trade represents a 11.78% decrease in their ownership of the stock. 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. Company 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 is evaluating a stablecoin that could expand its blockchain-based payments capabilities, reduce settlement friction and strengthen relationships with institutional digital-finance customers. The initiative could support new fee revenue and improve the bank’s competitive position in payments. Can JPMorgan’s Stablecoin Push Strengthen Its Digital Payments Edge?
• Positive Sentiment: JPMorgan’s plan to commit as much as $750 billion to housing investment through 2035 highlights a sizable lending and investment opportunity amid the U.S. housing shortage. The strategy may broaden long-term growth, although returns will depend on execution and credit conditions. Jamie Dimon Committed JPMorgan to $750 Billion of Housing Investment Through 2035
• Positive Sentiment: Analyst commentary continues to emphasize JPMorgan’s earnings strength and potential to become the first bank valued at $1 trillion, supporting the bullish long-term narrative. The shares already trade at a premium valuation, however, which raises the importance of continued profit growth. JPMorgan Chase & Co. Could Soon Be Worth $1 Trillion
• Neutral Sentiment: JPMorgan and affiliates disclosed that they fell below the substantial-holder threshold in Australia-listed ASX Ltd. The transaction is unlikely to materially affect JPMorgan’s operating results or valuation. JPMorgan Group Drops Below Substantial Holder Threshold in ASX Ltd
• Negative Sentiment: A technical Federal Reserve capital formula could reduce JPMorgan’s expected capital relief by approximately $13 billion—an amount described as equivalent to roughly 61% of quarterly profit. Investors may view the possibility as a significant constraint on buybacks, dividends or balance-sheet flexibility. JPMorgan Prices One Fed Formula at 61% of Quarterly Profit
• Negative Sentiment: The SEC reportedly subpoenaed JPMorgan and other major banks over margin lending to hedge fund Situational Awareness after a 67% drawdown. The investigation increases legal, compliance and potential credit-risk concerns, although no wrongdoing was established in the report. SEC Probe Puts Wall Street Leverage Risk Back in Focus
• Negative Sentiment: Major banks, including JPMorgan, are opposing revisions to the Federal Reserve’s systemically important bank capital surcharge. Ongoing uncertainty over the final rules could keep pressure on the sector’s capital-return outlook. Market Chatter: Major US Banks Clash Over Fed’s GSIB Capital Surcharge Revision

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.