PensionDanmark Pensionsforsikringsaktieselskab Has $180.30 Million Stock Holdings in JPMorgan Chase & Co. $JPM

PensionDanmark Pensionsforsikringsaktieselskab increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 550,820 shares of the financial services provider’s stock after acquiring an additional 3,000 shares during the quarter. JPMorgan Chase & Co. comprises 1.5% of PensionDanmark Pensionsforsikringsaktieselskab’s investment portfolio, making the stock its 11th biggest position. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in JPMorgan Chase & Co. were worth $180,300,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of JPM. Westmount Partners LLC grew its position in shares of JPMorgan Chase & Co. by 1.2% in the second quarter. Westmount Partners LLC now owns 9,237 shares of the financial services provider’s stock valued at $3,024,000 after purchasing an additional 113 shares during the last quarter. 55 North Private Wealth LLC increased its stake in shares of JPMorgan Chase & Co. by 15.3% during the second quarter. 55 North Private Wealth LLC now owns 6,506 shares of the financial services provider’s stock worth $2,129,000 after purchasing an additional 861 shares during the period. Clark Asset Management LLC lifted its holdings in JPMorgan Chase & Co. by 9.1% during the 2nd quarter. Clark Asset Management LLC now owns 12,407 shares of the financial services provider’s stock worth $4,061,000 after purchasing an additional 1,035 shares during the last quarter. Evanson Financial LLC bought a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at $1,513,000. Finally, Chapin Davis Inc. grew its holdings in JPMorgan Chase & Co. by 1.6% in the 2nd quarter. Chapin Davis Inc. now owns 31,933 shares of the financial services provider’s stock valued at $10,453,000 after buying an additional 512 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity

In related news, General Counsel Stacey Friedman sold 5,467 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the sale, the general counsel owned 40,961 shares in the company, valued at approximately $13,547,031.53. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.41% of the company’s stock.

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: Payments expansion: JPMorgan Payments’ U.S. Commerce Platform now offers Klarna’s pay-in-full, installment and financing options without requiring merchants to complete a separate integration. The partnership could improve merchant adoption, transaction volumes and fee revenue. Klarna Goes Live With J.P. Morgan Payments
• Positive Sentiment: New asset-management product: J.P. Morgan Asset Management launched the JLVP active ETF, which combines a value-oriented large-cap portfolio with a limited short position. The product broadens JPMorgan’s fee-generating investment lineup, although the near-term earnings impact is likely limited. JPMorgan’s New JLVP ETF
• Neutral Sentiment: Regulatory filing: JPMorgan filed its Form 10-Q for the quarter ended June 30 with the SEC. The filing is a required disclosure, and the announcement provided no new financial details or outlook changes. JPMorganChase Files Form 10-Q
• Neutral Sentiment: Reports that JPMorgan reduced or exited substantial-holder positions in Cochlear and Hexagon Composites concern investment holdings and do not indicate a change in JPMorgan’s operating outlook. JPMorgan exits substantial holder position in Cochlear
• Negative Sentiment: Macro and market-risk concerns: Dimon said margin debt is at a record level and that leverage embedded in hedge funds, prime brokerages and leveraged ETFs could amplify volatility. He also cautioned that heavy AI-related capital spending, fiscal deficits and military expenditures may keep inflation elevated, potentially sustaining higher interest rates. Jamie Dimon warns of high leverage
• Negative Sentiment: Sector pressure: Financial stocks traded lower during the afternoon, creating a broad-market drag on JPMorgan independent of company-specific news. Sector Update: Financial Stocks Softer

JPMorgan Chase & Co. Trading Down 0.8%

JPM opened at $356.29 on Friday. JPMorgan Chase & Co. has a twelve month low of $279.10 and a twelve month high of $363.00. The company has a 50-day simple moving average of $333.16 and a 200 day simple moving average of $313.09. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $954.68 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 1.48 and a beta of 0.99.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio is 25.71%.

Wall Street Analyst Weigh In

JPM has been the subject of a number of research reports. Truist Financial lifted their target price on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Robert W. Baird raised their price target on shares of JPMorgan Chase & Co. from $295.00 to $305.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Piper Sandler lifted their price objective on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Jefferies Financial Group set a $350.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Finally, Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $359.33.

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.