Linscomb Wealth Inc. Has $22.97 Million Stake in JPMorgan Chase & Co. $JPM

Linscomb Wealth Inc. reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 8.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,170 shares of the financial services provider’s stock after selling 6,397 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.0% of Linscomb Wealth Inc.’s investment portfolio, making the stock its 17th largest holding. Linscomb Wealth Inc.’s holdings in JPMorgan Chase & Co. were worth $22,969,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of JPM. Brighton Jones LLC increased its stake 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 purchasing an additional 4,841 shares in the last quarter. Acorns Advisers LLC raised its holdings in shares of JPMorgan Chase & Co. by 6.9% during the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 100 shares during the period. Ignite Planners LLC lifted its position in 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 valued at $3,185,000 after acquiring an additional 78 shares in the last quarter. Jump Financial LLC bought a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at $1,475,000. Finally, Betterment LLC boosted its stake in JPMorgan Chase & Co. by 27.5% in the 2nd quarter. Betterment LLC now owns 1,970 shares of the financial services provider’s stock worth $571,000 after purchasing an additional 425 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Bank of America lifted their price target on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Truist Financial increased their price objective on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Zacks Research raised JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Robert W. Baird boosted their target price on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Finally, Dbs Bank upgraded JPMorgan Chase & Co. to a “hold” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $359.96.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $354.38 on Wednesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50-day moving average of $348.30 and a 200-day moving average of $319.37. The stock has a market capitalization of $942.01 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 1.46 and a beta of 0.98. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping 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 business had revenue of $58.02 billion for the quarter, compared to analyst estimates of $50.72 billion. During the same quarter in the prior year, the company posted $4.96 earnings per share. JPMorgan Chase & Co.’s revenue was up 27.7% on a year-over-year basis. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 24.28 earnings per share for the current fiscal year.

Key Stories Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan’s recent rally has been supported by strong net interest income, investment-banking and trading activity, loan and deposit growth, and a resilient balance sheet. JPM Stock Gains 20.6% in 3 Months: Key Factors to Watch Before Buying
• Positive Sentiment: The bank is pairing planned higher capital returns, including a larger share-repurchase authorization, with continued branch expansion and new physical locations. That combination may reinforce the investment case, although bond issuance will add to funding obligations. How Investors May Respond To JPMorgan Chase Bond Issuance, Branch Expansion and Higher Payouts
• Positive Sentiment: JPMorgan continues developing digital-dollar infrastructure, including stablecoin and tokenized-deposit initiatives. Successful adoption could create longer-term payments and transaction-banking opportunities. How 21 Banks Changed the Conversation Around Stablecoins and Tokenized Deposits
• Neutral Sentiment: JPMorgan’s research remains broadly constructive on global equities, arguing that rising bond yields largely reflect stronger economic activity rather than an immediate threat to stocks. This supports market sentiment but is not a direct earnings catalyst for JPM. Why JPM thinks rising bond yields won’t derail the equity rally
• Negative Sentiment: JPMorgan’s trading desk has shifted to a tactically cautious stance on U.S. equities after hawkish Federal Reserve commentary, citing interest-rate uncertainty and the possibility of an AI-stock unwind. The change may weigh on near-term sentiment toward JPM’s market-sensitive businesses. JPMorgan Turns Tactically Cautious Following Warsh’s Hawkish Jackson Hole Speech
• Negative Sentiment: Higher interest rates can benefit JPMorgan’s interest income, but another increase could pressure revolving-credit borrowers and raise consumer-credit risks. Rising yields may also increase funding costs and reduce the value of fixed-income portfolios. JPMorgan Slips as 60% Hike Odds Cut Both Ways

Insider Buying and Selling

In other news, General Counsel Stacey Friedman sold 5,467 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was 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 owned 40,961 shares of the company’s stock, valued at approximately $13,547,031.53. This represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 2,500 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $361.41, for a total value of $903,525.00. Following the completion of the sale, the insider directly owned 73,547 shares of the company’s stock, valued at approximately $26,580,621.27. The trade was a 3.29% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by company insiders.

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.