Wellington Shields Capital Management LLC Grows Stock Position in JPMorgan Chase & Co. $JPM

Wellington Shields Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 71,982 shares of the financial services provider’s stock after purchasing an additional 1,975 shares during the period. JPMorgan Chase & Co. accounts for 3.4% of Wellington Shields Capital Management LLC’s investment portfolio, making the stock its 7th largest position. Wellington Shields Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $23,194,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in JPM. Danske Bank A S purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter worth about $696,885,000. American Assets Investment Management LLC boosted its position in shares of JPMorgan Chase & Co. by 1,172.2% in the fourth quarter. American Assets Investment Management LLC now owns 2,259,400 shares of the financial services provider’s stock valued at $728,024,000 after acquiring an additional 2,081,800 shares during the period. Holocene Advisors LP grew its stake in JPMorgan Chase & Co. by 1,033.3% during the third quarter. Holocene Advisors LP now owns 2,155,120 shares of the financial services provider’s stock valued at $679,790,000 after acquiring an additional 1,964,958 shares in the last quarter. Viking Global Investors LP increased its holdings in JPMorgan Chase & Co. by 86.1% during the 2nd quarter. Viking Global Investors LP now owns 4,042,034 shares of the financial services provider’s stock worth $1,171,826,000 after acquiring an additional 1,870,386 shares during the period. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $474,516,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $301.06 on Thursday. The company has a market capitalization of $806.70 billion, a P/E ratio of 14.42, a PEG ratio of 1.47 and a beta of 1.00. JPMorgan Chase & Co. has a fifty-two week low of $260.31 and a fifty-two week high of $337.25. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a 50 day moving average price of $303.16 and a two-hundred day moving average price of $306.39.

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. JPMorgan Chase & Co. had a net margin of 20.66% and a return on equity of 17.54%. The firm had revenue of $50.54 billion for the quarter, compared to analysts’ expectations of $48.30 billion. During the same quarter last year, the business earned $5.07 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 22.4 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 28.74%.

Analyst Upgrades and Downgrades

JPM has been the topic of several recent analyst reports. HSBC increased their target price on shares of JPMorgan Chase & Co. from $288.00 to $312.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Zacks Research downgraded JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. The Goldman Sachs Group set a $361.00 target price on JPMorgan Chase & Co. in a research report on Tuesday, April 14th. UBS Group lowered their price target on JPMorgan Chase & Co. from $380.00 to $375.00 in a report on Wednesday, May 6th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, February 24th. Fourteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $339.08.

More JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan is being linked to a high-profile SpaceX IPO roadshow, with CEO Jamie Dimon expected to pitch the deal to wealthy clients. That suggests JPMorgan could win more underwriting, advisory, and client-wallet share from one of the most anticipated listings in years. Article Title
• Positive Sentiment: The bank also continued issuing new notes and expanding its preferred/funding strategy, including a $500 million fixed-to-floating notes deal and other structured-note activity. Investors may view this as evidence JPMorgan can fund itself efficiently and keep optimizing its balance sheet. Article Title
• Positive Sentiment: Analysts and market commentary continue to frame JPMorgan as a defensive large-cap financial name, with some coverage pointing to valuation support and the stock’s resilience versus the broader market. Article Title
• Neutral Sentiment: JPMorgan’s low-coupon fixed preferred shares were highlighted as still attractive on a standalone and relative basis, which may support income-focused demand but is not a major earnings catalyst for the common stock. Article Title
• Neutral Sentiment: JPMorgan is also being mentioned in connection with financing for a $1 billion Argentina gas project and with Dimon’s broader comments on crypto regulation and a possible large acquisition. These items reflect active dealmaking, but they do not yet appear to be direct stock-moving developments. Article Title
• Negative Sentiment: The main drag is that JPMorgan shares have recently shown soft short-term momentum, with articles noting consolidation and a roughly 2% decline over the past month. That suggests investors may be pausing after a strong run, even though the long-term trend remains positive. Article Title

Insider Activity

In other news, General Counsel Stacey Friedman sold 5,468 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $300.27, for a total transaction of $1,641,876.36. Following the completion of the transaction, the general counsel directly owned 46,428 shares of the company’s stock, valued at approximately $13,940,935.56. This represents a 10.54% 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, COO Jennifer Piepszak sold 9,136 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $27,590,706.56. This represents 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. Insiders have sold a total of 28,589 shares of company stock worth $8,747,496 over the last ninety days. 0.41% of the stock is owned by insiders.

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.