JPMorgan Chase & Co. $JPM Shares Sold by Xcel Wealth Management LLC

Xcel Wealth Management LLC decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 9.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 38,501 shares of the financial services provider’s stock after selling 4,216 shares during the quarter. JPMorgan Chase & Co. comprises about 3.1% of Xcel Wealth Management LLC’s investment portfolio, making the stock its 9th largest holding. Xcel Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $11,325,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of JPM. Topsail Wealth Management LLC grew its stake in JPMorgan Chase & Co. by 2.0% during the 1st quarter. Topsail Wealth Management LLC now owns 6,993 shares of the financial services provider’s stock worth $2,057,000 after purchasing an additional 137 shares in the last quarter. Northeast Investment Management raised its position in JPMorgan Chase & Co. by 0.3% in the 1st quarter. Northeast Investment Management now owns 194,410 shares of the financial services provider’s stock valued at $57,188,000 after purchasing an additional 490 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its position in JPMorgan Chase & Co. by 2.0% in the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 5,610 shares of the financial services provider’s stock valued at $1,650,000 after purchasing an additional 110 shares in the last quarter. AA Financial Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.9% in the 1st quarter. AA Financial Advisors LLC now owns 10,474 shares of the financial services provider’s stock valued at $3,081,000 after buying an additional 96 shares during the period. Finally, Falcon Wealth Planning boosted its stake in shares of JPMorgan Chase & Co. by 2.1% in the 1st quarter. Falcon Wealth Planning now owns 12,097 shares of the financial services provider’s stock valued at $3,558,000 after buying an additional 250 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 5,468 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $300.27, for a total value of $1,641,876.36. Following the completion of the sale, the general counsel owned 46,428 shares of the company’s stock, valued at approximately $13,940,935.56. This trade represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jennifer Piepszak sold 9,136 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $306.56, for a total transaction of $2,800,732.16. Following the sale, the chief operating officer owned 90,001 shares in the company, valued at $27,590,706.56. The trade was a 9.22% 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. In the last three months, insiders sold 33,623 shares of company stock valued at $10,427,835. Corporate insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Daiwa Securities Group lowered their price objective on JPMorgan Chase & Co. from $340.00 to $328.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. UBS Group decreased their price target on shares of JPMorgan Chase & Co. from $380.00 to $375.00 in a research note on Wednesday, May 6th. Autonomous Res lowered their price target on shares of JPMorgan Chase & Co. from $360.00 to $324.00 and set a “neutral” rating for the company in a report on Monday, April 6th. Evercore increased their price objective on shares of JPMorgan Chase & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Finally, Morgan Stanley raised their price objective 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. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $340.88.

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan’s recently announced $50 billion buyback plan and expected dividend boost reinforce its capital strength and shareholder-friendly stance, which is helping sentiment toward the stock.
• Positive Sentiment: Morgan Stanley raised its price target on JPMorgan to $362 from $336 while maintaining an equal-weight rating, signaling further upside from current levels.
• Positive Sentiment: The Federal Reserve stress test results showed the largest U.S. banks, including JPMorgan, can withstand a severe downturn, which supports confidence in the bank’s balance sheet and capital return plans.
• Neutral Sentiment: JPMorgan’s leadership reshuffle and succession planning for Jamie Dimon are drawing attention, but the move appears orderly so far and is not yet a clear positive or negative catalyst.
• Neutral Sentiment: Some commentary highlighted JPMorgan’s continued strength as a long-term banking franchise, but these pieces were mostly opinion-driven and add limited new fundamental information.
• Negative Sentiment: Several analysts noted rising costs, interest-rate pressures, and asset-quality risks as reasons to remain cautious, which could limit how aggressively investors bid up the shares.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $329.85 on Tuesday. The firm has a market cap of $883.83 billion, a P/E ratio of 15.80, a P/E/G ratio of 1.53 and a beta of 1.00. JPMorgan Chase & Co. has a 52-week low of $279.10 and a 52-week high of $343.45. The business’s 50-day moving average price is $311.85 and its 200 day moving average price is $308.58. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share for the quarter, beating analysts’ consensus estimates of $5.50 by $0.44. The firm had revenue of $50.54 billion for the quarter, compared to analyst estimates of $48.30 billion. JPMorgan Chase & Co. had a net margin of 20.66% and a return on equity of 17.54%. JPMorgan Chase & Co.’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $5.07 EPS. On average, equities research analysts expect that JPMorgan Chase & Co. will post 22.43 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

JPMorgan Chase & Co. Profile

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.