JPMorgan Chase & Co. $JPM is Todd Asset Management LLC’s 3rd Largest Position

Todd Asset Management LLC lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 246,126 shares of the financial services provider’s stock after selling 1,953 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.6% of Todd Asset Management LLC’s portfolio, making the stock its 3rd largest holding. Todd Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $77,636,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Brighton Jones LLC lifted its stake in shares of JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after purchasing an additional 4,841 shares in the last quarter. Acorns Advisers LLC grew its stake in shares of JPMorgan Chase & Co. by 6.9% in the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock valued at $379,000 after buying an additional 100 shares in the last quarter. Sendero Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.0% during the 2nd quarter. Sendero Wealth Management LLC now owns 5,659 shares of the financial services provider’s stock valued at $1,641,000 after buying an additional 57 shares during the period. Ignite Planners LLC lifted its position in JPMorgan Chase & Co. by 0.7% during the 2nd quarter. Ignite Planners LLC now owns 10,934 shares of the financial services provider’s stock worth $3,185,000 after acquiring an additional 78 shares in the last quarter. Finally, Triton Wealth Management PLLC acquired a new position in JPMorgan Chase & Co. during the 2nd quarter worth approximately $407,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,404 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $312.80, for a total transaction of $1,064,771.20. Following the sale, the general counsel directly owned 65,353 shares of the company’s stock, valued at approximately $20,442,418.40. This represents a 4.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Jennifer Piepszak sold 8,571 shares of the firm’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $312.79, for a total value of $2,680,923.09. Following the transaction, the chief operating officer owned 71,027 shares in the company, valued at $22,216,535.33. This trade represents a 10.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 71,596 shares of company stock worth $22,067,932 over the last quarter. 0.47% of the stock is owned by corporate insiders.

Trending Headlines about JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan’s research team argues international and emerging-market equities still have momentum (benign inflation, dovish Fed, weaker dollar), which can boost trading volumes, asset-management flows and fee income for the bank. Why JPMorgan says the international stock story still has legs
• Neutral Sentiment: CEO Jamie Dimon sold roughly $15.36M of JPM stock — notable as insider activity but common for executives and not necessarily a sign of company weakness; treat as informational unless part of a larger pattern. JPMorgan Chase & Co. (NYSE:JPM) CEO Sells $15,355,500.00 in Stock
• Neutral Sentiment: JPMorgan’s research/analyst actions (e.g., coverage changes and price-target adjustments for various companies like Norwegian Cruise Line and Allegion) are routine and reflect its market-research business — modestly relevant to fee generation but not a direct driver of bank fundamentals. JPMorgan Downgrades Norwegian Cruise Line (NCLH), Cuts Price Target to $20
• Negative Sentiment: JPMorgan has for the first time admitted in court filings that it closed bank accounts tied to Donald Trump after the Jan. 6, 2021 Capitol attack — a central point in Trump’s $5 billion “debanking” lawsuit. That admission raises legal and reputational risk, could lead to headline volatility, and may increase litigation costs or settlement risk. JPMorgan admits closing accounts linked to Donald Trump
• Negative Sentiment: Multiple outlets (NYT, Fortune, Cointelegraph, Benzinga, TipRanks) report the same concession in court filings that JPM closed Trump-related accounts; the repetition magnifies media attention and political risk around the bank, which can pressure sentiment and invite regulatory/political scrutiny. JPMorgan Admits to Debanking Trump After Jan. 6 Capitol Attacks
• Negative Sentiment: Jamie Dimon is set to present a plan to investors around a roughly $2bn-per-week cost run rate, highlighting increased spending — higher operating costs could weigh on near-term margins and earnings unless offset by revenue gains. Dimon seeks to sell JPMorgan investors on $2bn-a-week costs bill

JPMorgan Chase & Co. Trading Up 0.9%

NYSE JPM opened at $310.75 on Monday. The company has a market capitalization of $838.09 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 1.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.85 and a quick ratio of 0.85. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $337.25. The company’s fifty day moving average price is $315.05 and its two-hundred day moving average price is $308.22.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, January 13th. The financial services provider reported $5.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.93 by $0.30. JPMorgan Chase & Co. had a net margin of 20.35% and a return on equity of 17.16%. The business had revenue of $45.80 billion for the quarter, compared to analyst estimates of $45.98 billion. During the same quarter in the prior year, the business posted $4.81 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Shareholders of record on Tuesday, January 6th were paid a dividend of $1.50 per share. The ex-dividend date was Tuesday, January 6th. This represents a $6.00 annualized dividend and a yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.99%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $354.00 to $363.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Barclays restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Friday, February 13th. CICC Research initiated coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, January 14th. They set an “outperform” rating and a $355.00 price target for the company. Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and set a $280.00 price target on the stock in a research note on Tuesday, February 3rd. Finally, Truist Financial set a $334.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 14th. Fourteen analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $339.73.

JPMorgan Chase & Co. Company 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.