Koshinski Asset Management Inc. Trims Holdings in JPMorgan Chase & Co. $JPM

Koshinski Asset Management Inc. reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,538 shares of the financial services provider’s stock after selling 1,992 shares during the period. Koshinski Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $10,160,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Morgan Stanley increased its position in JPMorgan Chase & Co. by 1.4% during the 4th quarter. Morgan Stanley now owns 66,385,268 shares of the financial services provider’s stock valued at $21,390,662,000 after buying an additional 939,421 shares in the last quarter. Norges Bank bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth $11,396,496,000. Bank of New York Mellon Corp grew its stake in shares of JPMorgan Chase & Co. by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 23,424,482 shares of the financial services provider’s stock worth $7,547,837,000 after acquiring an additional 1,194,583 shares during the last quarter. Legal & General Group Plc grew its stake in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. Legal & General Group Plc now owns 19,019,564 shares of the financial services provider’s stock worth $6,128,484,000 after acquiring an additional 110,586 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.9% during the fourth quarter. Fisher Asset Management LLC now owns 16,018,656 shares of the financial services provider’s stock valued at $5,161,532,000 after acquiring an additional 296,213 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on JPM shares. Autonomous Res lowered their price target on JPMorgan Chase & Co. from $360.00 to $324.00 and set a “neutral” rating for the company in a research report on Monday, April 6th. Daiwa Securities Group reduced their price objective on shares of JPMorgan Chase & Co. from $340.00 to $328.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Jefferies Financial Group reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Thursday, June 25th. HSBC upped their target price on shares of JPMorgan Chase & Co. from $288.00 to $312.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Finally, Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $336.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, June 29th. Fourteen analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $345.33.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $330.37 on Thursday. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $343.45. The business has a 50-day simple moving average of $314.85 and a two-hundred day simple moving average of $309.47. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $885.23 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 1.55 and a beta of 0.99.

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

JPMorgan Chase & Co. Dividend Announcement

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

Key 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

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 5,467 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 owned 40,961 shares of the company’s stock, valued at approximately $13,547,031.53. The trade was a 11.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jennifer Piepszak sold 4,919 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total transaction of $1,522,036.98. Following the sale, the chief operating officer owned 85,082 shares of the company’s stock, valued at approximately $26,326,072.44. This represents a 5.47% decrease in their ownership of the stock. 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. 0.41% of the stock is owned by 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.