Weil Company Inc. Decreases Position in JPMorgan Chase & Co. $JPM

Weil Company Inc. decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 26.5% in the second quarter, Holdings Channel reports. The firm owned 9,436 shares of the financial services provider’s stock after selling 3,409 shares during the period. JPMorgan Chase & Co. comprises about 0.5% of Weil Company Inc.’s portfolio, making the stock its 28th largest position. Weil Company Inc.’s holdings in JPMorgan Chase & Co. were worth $3,089,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction dated 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 transaction, the insider owned 73,547 shares in the company, valued at approximately $26,580,621.27. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 business’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 transaction, the general counsel directly owned 40,961 shares of the company’s stock, valued at approximately $13,547,031.53. This trade represents a 11.78% 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. Insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on JPM shares. Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $375.00 to $390.00 and gave the stock an “overweight” rating in a report on Friday, August 14th. Dbs Bank raised shares of JPMorgan Chase & Co. to a “hold” rating in a report on Tuesday, May 12th. Bank of America upped their target price on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Robert W. Baird raised their target price on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Finally, Zacks Research raised JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $359.96.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan expects approximately $138 billion of buyout debt to come to market, highlighting potential fee opportunities for its leveraged-finance and investment-banking businesses. Buyout Debt Is Surging to Levels Not Seen Since Before the Financial Crisis
• Positive Sentiment: The bank appointed its APAC and EMEA technology investment-banking chiefs as international co-heads, reinforcing its global technology franchise and succession depth. JPMorgan names APAC, EMEA tech investment banking chiefs as international co-heads
• Positive Sentiment: Heavy Treasury and corporate-bond issuance could support JPMorgan’s underwriting and trading businesses, although the benefit depends on sustained issuer and investor demand. Why Corporate Bonds Are Giving Treasuries a Tough Time
• Neutral Sentiment: JPMorgan was named broker for CSL’s on-market share buyback and ceased substantial-holder status in Peet Limited. These mandates and portfolio changes demonstrate client activity but are unlikely to materially affect JPM’s earnings. CSL Appoints J.P. Morgan as Broker for On-Market Share Buy-Back
• Neutral Sentiment: JPMorgan’s research points to a possible rebound in healthcare ETF flows, while its analysts remain constructive on selected sectors and stocks. This may generate research-related attention but has limited direct impact on JPM’s financial results. Healthcare ETFs Were Left Behind. JPMorgan Sees the Money Coming Back
• Negative Sentiment: Analysts warn that fading capital-markets momentum could produce uneven third-quarter results for JPMorgan and other large banks, particularly if deal activity and trading revenue soften. Capital Markets Momentum Fades: What it Means for Big Banks in Q3
• Negative Sentiment: One valuation-focused analysis recommends holding JPM’s common shares rather than aggressively buying them at roughly 3.2 times book value, signaling limited upside after the stock’s strong run. JPMorgan: Start Accumulating The Preferred For Income, Hold The Common At 3.2x Book

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $353.38 on Wednesday. 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 12 month low of $279.10 and a 12 month high of $366.50. The company has a 50 day simple moving average of $350.99 and a two-hundred day simple moving average of $321.24. The stock has a market cap of $939.35 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 1.48 and a beta of 0.98.

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

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, payments, investment banking, asset management and wealth management services to consumers, businesses, institutional clients and governments.

The company operates through four primary business areas: Consumer & Community Banking; Commercial & Investment Banking; Asset & Wealth Management; and Corporate. Its offerings include deposit accounts, credit cards, mortgages, auto loans, business banking, commercial lending, treasury services, investment banking, securities trading, investment management and private banking.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across numerous international markets.