Westchester Capital Management Inc. Has $26.55 Million Stock Position in JPMorgan Chase & Co. $JPM

Westchester Capital Management Inc. decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,392 shares of the financial services provider’s stock after selling 1,913 shares during the quarter. JPMorgan Chase & Co. makes up 5.5% of Westchester Capital Management Inc.’s portfolio, making the stock its 7th largest position. Westchester Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $26,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Howland Capital Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.9% in the 4th quarter. Howland Capital Management LLC now owns 36,447 shares of the financial services provider’s stock valued at $11,744,000 after purchasing an additional 681 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 6.1% in the 4th quarter. Quadrant Capital Group LLC now owns 91,326 shares of the financial services provider’s stock valued at $29,427,000 after purchasing an additional 5,278 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of JPMorgan Chase & Co. by 6.3% in the 4th quarter. Advisors Asset Management Inc. now owns 75,912 shares of the financial services provider’s stock valued at $24,460,000 after purchasing an additional 4,494 shares in the last quarter. Douglass Winthrop Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 6.3% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 70,363 shares of the financial services provider’s stock valued at $22,672,000 after purchasing an additional 4,172 shares in the last quarter. Finally, Laurel Oak Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $11,544,000. Institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

JPM has been the subject of several recent research reports. Evercore boosted their price target on shares of JPMorgan Chase & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Wells Fargo & Company reduced their price target on shares of JPMorgan Chase & Co. from $360.00 to $350.00 and set an “overweight” rating for the company in a report on Tuesday, February 17th. Autonomous Res reduced their price target on shares of JPMorgan Chase & Co. from $360.00 to $324.00 and set a “neutral” rating for the company in a report on Monday, April 6th. Robert W. Baird set a $295.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, April 15th. Finally, HSBC lifted 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 report on Monday, May 4th. Fourteen equities research 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 has an average rating of “Hold” and a consensus target price of $339.08.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 5,468 shares of the business’s 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 sale, the general counsel owned 46,428 shares of the company’s stock, valued at approximately $13,940,935.56. The trade was a 10.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 433 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $295.06, for a total transaction of $127,760.98. Following the sale, the insider directly owned 64,920 shares in the company, valued at approximately $19,155,295.20. This represents a 0.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 28,589 shares of company stock worth $8,747,496 in the last quarter. 0.41% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Stock Up 2.3%

Shares of JPMorgan Chase & Co. stock opened at $320.55 on Friday. The firm’s 50 day moving average price is $306.29 and its 200-day moving average price is $306.96. 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 52-week low of $262.71 and a 52-week high of $337.25. The company has a market cap of $858.93 billion, a P/E ratio of 15.35, a PEG ratio of 1.53 and a beta of 1.00.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $48.30 billion. During the same quarter in the previous year, the firm earned $5.07 EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 22.4 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced 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 yield of 1.9%. The ex-dividend date of this dividend is Monday, July 6th. JPMorgan Chase & Co.’s payout ratio is currently 28.74%.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: Erste Group raised its FY2027 earnings estimate for JPMorgan, signaling confidence in the bank’s longer-term profitability; it now expects $23.55 per share versus a prior $23.47. MarketBeat earnings estimate update
• Positive Sentiment: JPMorgan is deepening its presence in the Charlotte suburbs with new branch openings, a sign of continued retail banking expansion and customer acquisition. Business Journals article
• Positive Sentiment: Several recent commentary pieces highlighted JPMorgan as an attractive stock to own, reinforcing the view that investors still see it as a high-quality banking franchise. Yahoo Finance article
• Neutral Sentiment: Media coverage around Jamie Dimon’s criticism of crypto regulation and the “debanking” probe keeps JPMorgan in the regulatory spotlight, but these stories are more about policy debate than immediate fundamentals. Benzinga article
• Negative Sentiment: The Justice Department’s sweeping “debanking” investigation into JPMorgan and other large banks adds a legal and reputational overhang that could weigh on sentiment if the probe intensifies. New York Post/Reuters coverage

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.