BW Gestao de Investimentos Ltda. Acquires Shares of 56,117 JPMorgan Chase & Co. $JPM

BW Gestao de Investimentos Ltda. acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 56,117 shares of the financial services provider’s stock, valued at approximately $18,082,000. JPMorgan Chase & Co. comprises 0.4% of BW Gestao de Investimentos Ltda.’s portfolio, making the stock its 29th largest holding.

A number of other hedge funds have also bought and sold shares of JPM. Brighton Jones LLC increased its position in 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 valued at $11,682,000 after acquiring an additional 4,841 shares during the last quarter. Acorns Advisers LLC increased its position in JPMorgan Chase & Co. by 6.9% during the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 100 shares during the last quarter. Ignite Planners LLC increased its position in JPMorgan Chase & Co. by 0.7% during the second quarter. Ignite Planners LLC now owns 10,934 shares of the financial services provider’s stock valued at $3,185,000 after acquiring an additional 78 shares during the last quarter. Jump Financial LLC bought a new position in JPMorgan Chase & Co. during the second quarter valued at $1,475,000. Finally, Betterment LLC increased its position in JPMorgan Chase & Co. by 27.5% during the second quarter. Betterment LLC now owns 1,970 shares of the financial services provider’s stock valued at $571,000 after acquiring an additional 425 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on JPM. Royal Bank Of Canada restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Monday, May 4th. Truist Financial upped their price objective on shares of JPMorgan Chase & Co. from $323.00 to $332.00 and gave the stock a “hold” rating in a research note on Wednesday, April 15th. HSBC upped their price objective 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 lowered shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Finally, Argus upped their price objective on shares of JPMorgan Chase & Co. from $340.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Fourteen research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $339.08.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $312.48 on Wednesday. The firm has a market cap of $837.30 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.52 and a beta of 1.00. The firm has a 50-day simple moving average of $304.87 and a two-hundred day simple moving average of $306.68. JPMorgan Chase & Co. has a one year low of $262.71 and a one year 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.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $5.94 EPS for the quarter, beating the consensus estimate of $5.50 by $0.44. The business had revenue of $50.54 billion during 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%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm posted $5.07 earnings per share. On average, equities analysts forecast that JPMorgan Chase & Co. will post 22.4 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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 given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio is presently 28.74%.

More JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan is expanding its AI push, with plans to deploy autonomous AI agents across banking operations later this year. That reinforces the bank’s reputation as a leader in technology adoption and could improve efficiency over time. JPMorgan Chase plans to deploy more powerful AI agents this year
• Positive Sentiment: The company is also rolling out new tools for small businesses, including better credit insights and customer analytics in Chase for Business, which could strengthen client relationships and deepen deposits/fee opportunities. Chase Offers Small Businesses More Credit Insights
• Positive Sentiment: JPMorgan’s consumer banking chief said spending remains resilient even as inflation rises, suggesting credit quality and loan demand may stay relatively stable for now. JPMorgan Watching Consumer Spending as Inflation Creeps Up
• Neutral Sentiment: The stock is also benefiting from a stronger backdrop for financial shares overall, as the sector traded higher in Tuesday afternoon action. Sector Update: Financial Stocks Advance Tuesday Afternoon
• Negative Sentiment: On the caution side, congressional Democrats are pressing large banks to explain how they will address AI-related cyber risks, which could mean more regulatory scrutiny for JPMorgan and peers. Wells Fargo, JPMorgan, and Other Big Banks Face Pressure to Address AI Risks
• Negative Sentiment: JPMorgan and affiliates also disclosed they are no longer a substantial holder in Immutep Ltd., a routine portfolio/holding update that is unlikely to help sentiment. JPMorgan Ceases to Be Substantial Holder in Immutep Ltd

Insider Activity

In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 3,022 shares of the 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 sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,468 shares of the stock in a transaction that occurred on 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 $13,940,935.56. The trade was a 10.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 28,589 shares of company stock valued at $8,747,496. Corporate insiders own 0.41% of the company’s stock.

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.