MASTERINVEST Kapitalanlage GmbH Has $20.10 Million Holdings in JPMorgan Chase & Co. $JPM

MASTERINVEST Kapitalanlage GmbH lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 5.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 68,325 shares of the financial services provider’s stock after selling 3,586 shares during the period. JPMorgan Chase & Co. makes up 2.1% of MASTERINVEST Kapitalanlage GmbH’s investment portfolio, making the stock its 9th biggest position. MASTERINVEST Kapitalanlage GmbH’s holdings in JPMorgan Chase & Co. were worth $20,098,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in JPM. Northstar Financial Companies Inc. grew its stake in shares of JPMorgan Chase & Co. by 27.1% during the first quarter. Northstar Financial Companies Inc. now owns 6,031 shares of the financial services provider’s stock worth $1,774,000 after buying an additional 1,287 shares during the last quarter. Ethos Financial Group LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.8% in the 1st quarter. Ethos Financial Group LLC now owns 25,349 shares of the financial services provider’s stock valued at $7,583,000 after acquiring an additional 455 shares during the last quarter. Signet Financial Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.0% in the 1st quarter. Signet Financial Management LLC now owns 9,032 shares of the financial services provider’s stock valued at $2,657,000 after acquiring an additional 90 shares during the last quarter. SouthState Bank Corp boosted its holdings in shares of JPMorgan Chase & Co. by 0.5% during the 1st quarter. SouthState Bank Corp now owns 166,238 shares of the financial services provider’s stock valued at $48,901,000 after acquiring an additional 759 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2.3% during the 1st quarter. Sanctuary Advisors LLC now owns 718,193 shares of the financial services provider’s stock valued at $211,264,000 after acquiring an additional 16,144 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. News Roundup

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

• Positive Sentiment: JPMorgan’s blowout Q2 earnings are driving bullish sentiment, with the bank reporting record profits, 41% higher net income, strong trading and investment banking activity, and higher full-year net interest income guidance. JPMorgan Just Reported $21.2 Billion in Q2 Net Income — Up 41% — and CEO Jamie Dimon Said the Economy Is “Close to as Good as It Gets.”
• Positive Sentiment: Analysts have been raising expectations after the results, including multiple higher price targets and upgraded earnings forecasts, signaling confidence that JPMorgan can continue to outperform. JPMorgan Price Target Raised to $380 on Strong Q2 Results, Upgraded Outlook and Capital Strength
• Positive Sentiment: The stock is also benefiting from expectations that JPMorgan may raise its quarterly dividend by 10% after passing the Federal Reserve stress test, reinforcing the bank’s capital strength and shareholder-return story. JPM Stock Just Staged a Record Bull Run. 1 Analyst Thinks It Can Still Soar to $420.
• Neutral Sentiment: JPMorgan was added to several “Strong Buy” and momentum/income stock lists, which adds to positive sentiment but is less directly impactful than earnings or guidance. New Strong Buy Stocks for July 17th
• Neutral Sentiment: JPMorgan also drew attention for major financing activity and a $24 million Philadelphia shipbuilding investment, highlighting ongoing business expansion and capital deployment. JPMorgan Chase (JPM) Puts $24 Million Into Philadelphia Shipbuilding And Defense
• Negative Sentiment: Late-day sector weakness in financial stocks may be limiting JPMorgan’s upside even as company-specific fundamentals remain strong. Sector Update: Financial Stocks Decline Friday Afternoon

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays boosted their price objective on JPMorgan Chase & Co. from $391.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday. UBS Group lifted their price target on JPMorgan Chase & Co. from $375.00 to $384.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Jefferies Financial Group set a $350.00 price target on JPMorgan Chase & Co. in a report on Tuesday, July 14th. Argus upped their price objective on JPMorgan Chase & Co. from $340.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Finally, Evercore reaffirmed an “outperform” rating and issued a $360.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $354.92.

JPMorgan Chase & Co. Trading Up 0.1%

NYSE:JPM opened at $341.60 on Monday. The firm’s fifty day moving average is $319.11 and its 200-day moving average is $310.21. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.85. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $351.24. The firm has a market cap of $915.33 billion, a P/E ratio of 14.64, a P/E/G ratio of 1.52 and a beta of 0.99.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend 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 25.71%.

Insider Transactions at JPMorgan Chase & Co.

In other news, CFO Jeremy Barnum sold 3,022 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total value of $935,037.02. Following the transaction, the chief financial officer directly owned 32,438 shares of the company’s stock, valued at $10,036,641.58. The trade was a 8.52% decrease in their position. The sale was disclosed in a document filed 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 5,468 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $300.27, for a total value of $1,641,876.36. Following the sale, the general counsel owned 46,428 shares in the company, valued at approximately $13,940,935.56. The trade was a 10.54% decrease in their position. 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. In the last ninety days, insiders sold 18,876 shares of company stock valued at $5,907,051. Corporate insiders own 0.41% of the company’s stock.

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.