L. Roy Papp & Associates LLP Grows Holdings in JPMorgan Chase & Co. $JPM

L. Roy Papp & Associates LLP boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 30.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 40,201 shares of the financial services provider’s stock after purchasing an additional 9,402 shares during the period. JPMorgan Chase & Co. comprises 1.4% of L. Roy Papp & Associates LLP’s investment portfolio, making the stock its 23rd biggest position. L. Roy Papp & Associates LLP’s holdings in JPMorgan Chase & Co. were worth $13,159,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. Morgan Stanley grew its holdings in shares of JPMorgan Chase & Co. by 1.4% in the fourth quarter. Morgan Stanley now owns 66,385,268 shares of the financial services provider’s stock valued at $21,390,662,000 after acquiring an additional 939,421 shares in the last quarter. Bank of America Corp DE lifted its holdings in JPMorgan Chase & Co. by 15.8% during the first quarter. Bank of America Corp DE now owns 65,660,460 shares of the financial services provider’s stock worth $19,314,681,000 after acquiring an additional 8,941,351 shares during the period. Norges Bank purchased a new position in JPMorgan Chase & Co. in the fourth quarter worth $11,396,496,000. Bank of New York Mellon Corp boosted its position in 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 purchasing an additional 1,194,583 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in JPMorgan Chase & Co. by 0.6% in the 4th quarter. Legal & General Group Plc now owns 19,019,564 shares of the financial services provider’s stock valued at $6,128,484,000 after purchasing an additional 110,586 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on JPM shares. Morgan Stanley restated a “positive” rating and set a $370.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 15th. Zacks Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Bank of America upped their price objective 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. Jefferies Financial Group set a $350.00 target price on JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Finally, Evercore reaffirmed an “outperform” rating and set a $360.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $359.96.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $357.38 on Thursday. JPMorgan Chase & Co. has a 52-week low of $279.10 and a 52-week high of $366.50. The stock’s 50-day simple moving average is $343.09 and its 200 day simple moving average is $316.79. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $949.98 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 1.49 and a beta of 0.99.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $50.72 billion. During the same quarter in the previous year, the firm earned $4.96 EPS. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. Research analysts forecast that JPMorgan Chase & Co. will post 24.28 EPS for the current fiscal year.

More JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan’s market-leading profitability and resilient earnings remain supportive. The bank recently reported earnings and revenue above consensus expectations, while analysts continue to project solid full-year earnings. JPMorgan Stock Falls as Treasury Yields Retreat
• Positive Sentiment: J.P. Morgan Life Sciences Private Capital appointed Bruce N. Rogers, Ph.D., as a venture partner, strengthening the firm’s specialist investment capabilities and potentially supporting long-term asset-management growth. J.P. Morgan Life Sciences Private Capital Appointment
• Neutral Sentiment: JPMorgan is reportedly among the lead underwriters arranging an expanded credit facility for Anthropic ahead of a potential IPO. The mandate could generate fees and reinforce JPMorgan’s investment-banking position, but it is unlikely to materially affect near-term earnings. Anthropic Pre-IPO Financing
• Neutral Sentiment: Articles continue to focus on succession risk after Jamie Dimon eventually steps down. His long tenure supports investor confidence, but the company’s scale and depth of management may limit the impact of any leadership transition. Jamie Dimon Succession Analysis
• Negative Sentiment: Retreating Treasury yields provided the clearest trading-related reason for JPMorgan’s weakness. Investors appear to be taking profits in the bank despite record earnings and strong trading revenue, while the stock’s proximity to its 52-week high may have increased sensitivity to selling. JPMorgan Stock Performance Analysis

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 5,467 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 company’s stock in a transaction that occurred 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 sale, the insider directly owned 73,547 shares in the company, valued at $26,580,621.27. This trade represents a 3.29% 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. 0.41% of the stock is currently 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.