Oppenheimer & Co. Inc. Has $126.62 Million Position in JPMorgan Chase & Co. $JPM

Oppenheimer & Co. Inc. boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 386,843 shares of the financial services provider’s stock after acquiring an additional 3,887 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.4% of Oppenheimer & Co. Inc.’s holdings, making the stock its 10th biggest holding. Oppenheimer & Co. Inc.’s holdings in JPMorgan Chase & Co. were worth $126,625,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Carrera Capital Advisors grew its stake in shares of JPMorgan Chase & Co. by 0.8% during the second quarter. Carrera Capital Advisors now owns 21,175 shares of the financial services provider’s stock valued at $6,931,000 after purchasing an additional 172 shares during the last quarter. Ranch Capital Advisors Inc. raised its position in JPMorgan Chase & Co. by 8.3% in the 2nd quarter. Ranch Capital Advisors Inc. now owns 18,859 shares of the financial services provider’s stock worth $6,173,000 after purchasing an additional 1,447 shares during the last quarter. Warburton Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 3.4% in the 2nd quarter. Warburton Capital Management LLC now owns 1,795 shares of the financial services provider’s stock valued at $587,000 after buying an additional 59 shares during the period. Hohimer Wealth Management LLC increased its stake in shares of JPMorgan Chase & Co. by 2.2% in the 2nd quarter. Hohimer Wealth Management LLC now owns 25,882 shares of the financial services provider’s stock valued at $8,472,000 after buying an additional 558 shares during the period. Finally, Platt Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 0.7% during the second quarter. Platt Wealth Management LLC now owns 18,567 shares of the financial services provider’s stock worth $6,077,000 after acquiring an additional 132 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on JPM. Weiss Ratings cut shares of JPMorgan Chase & Co. from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. Morgan Stanley reaffirmed a “positive” rating and set a $370.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 15th. Dbs Bank raised shares of JPMorgan Chase & Co. to a “hold” rating in a research report on Tuesday, May 12th. Barclays lifted their price target on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Finally, Robert W. Baird raised their price objective on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $359.96.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $361.41, for a total value of $903,525.00. Following the completion of the sale, the insider owned 73,547 shares of the company’s stock, valued at $26,580,621.27. The trade was a 3.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the transaction, the general counsel owned 40,961 shares in the company, valued at approximately $13,547,031.53. The trade was a 11.78% 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. 0.41% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $362.11 on Friday. The company has a market capitalization of $962.56 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.47 and a beta of 0.98. The stock’s 50 day moving average is $349.30 and its 200-day moving average is $320.17. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The firm had revenue of $58.02 billion for the quarter, compared to analysts’ expectations of $50.72 billion. During the same quarter last year, the business earned $4.96 EPS. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. Equities research analysts expect that JPMorgan Chase & Co. will post 24.28 EPS for the current year.

More JPMorgan Chase & Co. News

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

• Positive Sentiment: Higher interest-rate expectations and a 10-year Treasury yield near 4.8% are supporting the earnings case for JPMorgan. Recent commentary cited a 10% increase in net interest income to $25.6 billion, making banks more attractive as investors rotate away from some growth stocks. JPMorgan Rises as 10-Year Treasury Yield Hits 4.8% Expectations of Rising Rates and Worries About AI Have Investors Piling Into Big Bank Stocks
• Positive Sentiment: JPMorgan’s market outperformance reflects favorable investor positioning and continued confidence in the bank’s fundamentals following its latest earnings beat, which included stronger-than-expected revenue and earnings growth. JPMorgan Chase & Co. Outperforms Broader Market
• Positive Sentiment: JPMorgan’s Kinexys blockchain platform is gaining traction in payments and settlement, potentially accelerating fund transfers, strengthening client relationships and creating longer-term payments revenue opportunities. Will Kinexys Fuel JPMorgan’s Next Leg of Payments Growth?
• Neutral Sentiment: JPMorgan’s strategic rebrand of Campbell Global as J.P. Morgan Natural Capital highlights expansion in forestland and nature-based assets, although the immediate financial effect on JPM shares is likely limited. J.P. Morgan Asset Management Announces Rebrand
• Negative Sentiment: JPMorgan is seeking a stay of a $20 million fee order connected to the Javice litigation. The legal dispute could create additional costs and reputational risk, although the request itself does not establish a final liability. JPMorgan Seeks Stay of $20M Javice Fee Order
• Neutral Sentiment: The bank has curtailed financing to Jane Street as the trading firm expands in U.S. Treasury market-making. The move may limit counterparty exposure but also underscores growing competition from non-bank trading firms in fixed income. JPMorgan Curbed Lending to Jane Street

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.