JPMorgan Chase & Co. $JPM is Narwhal Capital Management’s 8th Largest Position

Narwhal Capital Management boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,003 shares of the financial services provider’s stock after acquiring an additional 1,819 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 3.0% of Narwhal Capital Management’s portfolio, making the stock its 8th largest holding. Narwhal Capital Management’s holdings in JPMorgan Chase & Co. were worth $41,889,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Interchange Capital Partners LLC lifted its stake in JPMorgan Chase & Co. by 2.6% during the fourth quarter. Interchange Capital Partners LLC now owns 16,845 shares of the financial services provider’s stock worth $5,428,000 after purchasing an additional 431 shares during the last quarter. Keybank National Association OH increased its position in shares of JPMorgan Chase & Co. by 7.7% during the 4th quarter. Keybank National Association OH now owns 1,799,357 shares of the financial services provider’s stock valued at $579,789,000 after purchasing an additional 128,613 shares during the last quarter. Valued Wealth Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 13.2% during the 4th quarter. Valued Wealth Advisors LLC now owns 791 shares of the financial services provider’s stock valued at $255,000 after buying an additional 92 shares in the last quarter. Carrera Capital Advisors raised its holdings in shares of JPMorgan Chase & Co. by 247.9% during the 4th quarter. Carrera Capital Advisors now owns 20,073 shares of the financial services provider’s stock valued at $6,468,000 after buying an additional 14,304 shares in the last quarter. Finally, AMG National Trust Bank lifted its position in JPMorgan Chase & Co. by 1.8% in the 4th quarter. AMG National Trust Bank now owns 67,162 shares of the financial services provider’s stock worth $21,641,000 after buying an additional 1,199 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CFO Jeremy Barnum sold 3,022 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $309.41, for a total transaction of $935,037.02. Following the completion of the transaction, the chief financial officer directly owned 32,438 shares of the company’s stock, valued at approximately $10,036,641.58. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Troy L. Rohrbaugh sold 50,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $307.11, for a total transaction of $15,355,500.00. Following the sale, the chief executive officer owned 111,279 shares of the company’s stock, valued at approximately $34,174,893.69. This represents a 31.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 79,849 shares of company stock worth $24,522,956 over the last ninety days. 0.41% of the stock is owned by company insiders.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $301.93 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.86 and a quick ratio of 0.85. The business’s 50 day simple moving average is $299.69 and its two-hundred day simple moving average is $307.26. The stock has a market capitalization of $809.04 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 1.47 and a beta of 1.03. JPMorgan Chase & Co. has a one year low of $252.34 and a one year high of $337.25.

JPMorgan Chase & Co. (NYSE:JPM) last released 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. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.The firm had revenue of $50.54 billion during the quarter, compared to analyst estimates of $48.30 billion. During the same quarter in the prior year, the firm posted $5.07 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. Analysts forecast that JPMorgan Chase & Co. will post 22.42 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Monday, April 6th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, April 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 28.74%.

More JPMorgan Chase & Co. News

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

• Positive Sentiment: Erste Group raised its FY2027 earnings-per-share estimate for JPMorgan, implying expectations for continued profit strength ahead. JPMorgan Chase & Co. trading and earnings background
• Positive Sentiment: JPMorgan’s role in the first near real-time cross-border tokenized U.S. Treasury redemption with Ripple, Mastercard, and Ondo highlights innovation in blockchain-based settlement and could support long-term growth in payments and markets infrastructure. Ondo, JPMorgan, Mastercard & Ripple complete cross-border Treasury redemption
• Neutral Sentiment: JPMorgan disclosed a new preferred stock issuance and also reported a new 3.06% stake in Umicore, both of which are mostly capital-management and portfolio moves rather than direct operating catalysts. JPMorgan Issues New Series PP Preferred Stock
• Neutral Sentiment: JPMorgan remains in the news for research and commentary, including warnings from CEO Jamie Dimon about a possible bond-market crisis and the bank’s view that U.S. grid failures disproportionately hurt lower-income households. These are important macro views, but they do not immediately change JPM’s fundamentals. Jamie Dimon warns of bond crisis
• Negative Sentiment: JPMorgan is facing lawsuit risk after being sued alongside Citigroup over frozen payments tied to a sanctioned Chinese firm, which raises regulatory and legal uncertainty for the bank. JPMorgan, Citi sued for frozen payments to sanctioned China firm
• Negative Sentiment: Asset Management One disclosed it trimmed its JPM position, adding to signs of some institutional profit-taking in the name. Fund update showing decrease in JPM shares

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JPM. Freedom Capital raised JPMorgan Chase & Co. to a “hold” rating in a research note on Wednesday, January 14th. UBS Group lowered their price objective on shares of JPMorgan Chase & Co. from $380.00 to $375.00 in a report on Wednesday. Zacks Research cut shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Piper Sandler increased their target price on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Finally, Daiwa Securities Group decreased their target price on shares of JPMorgan Chase & Co. from $340.00 to $328.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Fifteen investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $338.12.

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.