Composition Wealth LLC Buys 8,671 Shares of JPMorgan Chase & Co. $JPM

Composition Wealth LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 134,705 shares of the financial services provider’s stock after buying an additional 8,671 shares during the period. Composition Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $43,405,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Investment Counsel LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.4% in the 4th quarter. Capital Investment Counsel LLC now owns 33,926 shares of the financial services provider’s stock worth $10,932,000 after buying an additional 126 shares during the last quarter. Gibraltar Capital Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 12.2% in the fourth quarter. Gibraltar Capital Management Inc. now owns 4,582 shares of the financial services provider’s stock worth $1,477,000 after acquiring an additional 498 shares during the period. Kornitzer Capital Management Inc. KS increased its position in JPMorgan Chase & Co. by 1.2% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 102,190 shares of the financial services provider’s stock valued at $32,928,000 after acquiring an additional 1,207 shares during the last quarter. GDS Wealth Management lifted its holdings in JPMorgan Chase & Co. by 1.1% in the fourth quarter. GDS Wealth Management now owns 86,603 shares of the financial services provider’s stock valued at $27,905,000 after acquiring an additional 930 shares during the period. Finally, PFA Pension Forsikringsaktieselskab bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $474,516,000. 71.55% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, COO Jennifer Piepszak sold 4,919 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total value of $1,522,036.98. Following the completion of the transaction, the chief operating officer directly owned 85,082 shares of the company’s stock, valued at approximately $26,326,072.44. This trade represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Barnum sold 3,022 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total transaction of $935,037.02. Following the completion of the sale, the chief financial officer owned 32,438 shares in the company, valued at $10,036,641.58. This represents a 8.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 79,849 shares of company stock worth $24,522,956. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on JPM. UBS Group dropped their target price on JPMorgan Chase & Co. from $380.00 to $375.00 in a research report on Wednesday, May 6th. Wall Street Zen raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Sunday, January 18th. DZ Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, April 15th. CICC Research assumed coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, January 14th. They issued an “outperform” rating and a $355.00 price objective on the stock. Finally, Autonomous Res cut their target price on shares of JPMorgan Chase & Co. from $360.00 to $324.00 and set a “neutral” rating for the company in a research report on Monday, April 6th. Fifteen equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $338.12.

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan is expanding further into crypto and tokenized funds, signaling it wants a bigger share of a rapidly growing market for tokenized assets. JPMorgan’s crypto push deepens with filing for tokenized fund
• Positive Sentiment: JPMorgan’s markets division is reportedly booming after a record quarter, reinforcing strength in a key profit driver. JPMorgan’s Markets Business Is Booming After Record Quarter
• Positive Sentiment: Analysts continue to highlight JPMorgan’s earnings power and dividend appeal, which can help support the stock’s valuation. JPMorgan Chase & Co. (JPM) is a Top Dividend Stock Right Now: Should You Buy?
• Neutral Sentiment: JPMorgan’s own strategists are staying constructive on stocks overall, saying profits are outweighing war risks and that inflation and macro volatility remain important themes for markets. JPMorgan’s Lakos-Bujas Says Profits Eclipse War Risks for Stocks
• Negative Sentiment: Jamie Dimon warned that higher UK bank taxes could cause JPMorgan to reconsider or scale back its planned multibillion-dollar London headquarters investment, raising policy risk around future expansion. Jamie Dimon just joined Ken Griffin in warning that taxes could curb expansion plans

JPMorgan Chase & Co. Trading Up 1.6%

Shares of JPMorgan Chase & Co. stock opened at $304.83 on Wednesday. The firm has a market cap of $816.81 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 1.46 and a beta of 1.03. The business has a 50-day moving average price of $299.65 and a 200-day moving average price of $307.35. 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. has a twelve month low of $256.00 and a twelve month high of $337.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.50 by $0.44. The firm had revenue of $50.54 billion for the quarter, compared to analysts’ expectations of $48.30 billion. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.The business’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.07 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 22.42 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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

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.