Washington Trust Bank Sells 4,754 Shares of JPMorgan Chase & Co. $JPM

Washington Trust Bank lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.8% in the third quarter, Holdings Channel reports. The institutional investor owned 94,926 shares of the financial services provider’s stock after selling 4,754 shares during the quarter. JPMorgan Chase & Co. comprises about 2.2% of Washington Trust Bank’s portfolio, making the stock its 11th biggest position. Washington Trust Bank’s holdings in JPMorgan Chase & Co. were worth $29,943,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 61,129,271 shares of the financial services provider’s stock valued at $17,646,506,000 after acquiring an additional 300,160 shares in the last quarter. Norges Bank purchased a new position in shares of JPMorgan Chase & Co. during the second quarter worth about $10,295,209,000. Laurel Wealth Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 28,813.7% in the second quarter. Laurel Wealth Advisors LLC now owns 16,785,584 shares of the financial services provider’s stock worth $4,866,309,000 after purchasing an additional 16,727,530 shares during the last quarter. Invesco Ltd. increased its position in shares of JPMorgan Chase & Co. by 4.2% in the second quarter. Invesco Ltd. now owns 14,332,418 shares of the financial services provider’s stock worth $4,155,111,000 after purchasing an additional 577,860 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in JPMorgan Chase & Co. by 1.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,524,197 shares of the financial services provider’s stock valued at $2,181,338,000 after purchasing an additional 76,413 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 1.7%

Shares of NYSE:JPM traded down $5.25 during trading on Tuesday, hitting $307.22. The stock had a trading volume of 939,269 shares, compared to its average volume of 11,917,974. The company has a market capitalization of $836.33 billion, a PE ratio of 15.34, a PEG ratio of 1.53 and a beta of 1.07. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 1.27. The firm’s fifty day moving average is $315.31 and its 200 day moving average is $305.51. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $337.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, January 13th. The financial services provider reported $5.23 earnings per share for the quarter, topping analysts’ consensus estimates of $4.93 by $0.30. JPMorgan Chase & Co. had a net margin of 20.35% and a return on equity of 17.16%. The business had revenue of $46.77 billion for the quarter, compared to analysts’ expectations of $45.98 billion. The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.81 earnings per share. Analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Tuesday, January 6th will be given a dividend of $1.50 per share. The ex-dividend date is Tuesday, January 6th. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. JPMorgan Chase & Co.’s dividend payout ratio is 29.99%.

Insider Activity at JPMorgan Chase & Co.

In other news, CFO Jeremy Barnum sold 2,893 shares of the stock in a transaction on Friday, January 16th. The stock was sold at an average price of $312.79, for a total transaction of $904,901.47. Following the transaction, the chief financial officer directly owned 26,696 shares of the company’s stock, valued at $8,350,241.84. This represents a 9.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Stacey Friedman sold 3,404 shares of the stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $312.80, for a total value of $1,064,771.20. Following the completion of the transaction, the general counsel directly owned 65,353 shares in the company, valued at approximately $20,442,418.40. This represents a 4.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 15,834 shares of company stock worth $4,951,910. Company insiders own 0.47% of the company’s stock.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: Unusually large buyer interest in calls — traders purchased a big volume of call options (113,405 contracts reported), signaling short-term bullish positioning and driving upside momentum. Investors Purchase Large Volume of Call Options on JPMorgan Chase & Co. (NYSE:JPM)
• Positive Sentiment: JPM to take over Apple Card from Goldman Sachs — gaining the Apple Card portfolio gives JPM access to valuable consumer customers to cross-sell loans, deposits and wealth products. Strategic revenue and customer-acquisition upside. JPMorgan Chase Is About to Take Over the Apple Card Business From Goldman Sachs. Here’s What Investors Need to Know.
• Positive Sentiment: Analyst backing and upgrades — BBVA reinstated an Overweight at JPMorgan and other firms continue to issue positive ratings, supporting demand for the shares. BBVA reinstated with an Overweight at JPMorgan
• Positive Sentiment: New private capital advisory unit — JPMorgan set up a dedicated private capital advisory team, expanding fee‑based businesses and client coverage. Investors view this as incremental growth potential. JPMorgan sets up dedicated private capital advisory unit
• Neutral Sentiment: Firm commentary on Q4 season — JPMorgan strategists say Q4 earnings should be constructive for markets, which is a steadying macro commentary but not company-specific. JPMorgan says Q4 earnings season likely to reassure despite geopolitical noise
• Neutral Sentiment: Coverage and bull-case writeups — several analyst/blog pieces make bullish cases for JPM based on valuation and earnings power; they support sentiment but are not breaking news. JPMorgan Chase & Co. (JPM): A Bull Case Theory
• Negative Sentiment: Political/legal risk — Former President Trump threatens to sue JPMorgan over alleged “debanking” tied to Jan. 6, reviving reputational and regulatory risk that could spur volatility and political scrutiny. ‘I’ll be suing…’: Trump threatens lawsuit against JP Morgan, revives ‘debanking’ claims
• Negative Sentiment: Insider selling — Recent filings show large share sales by senior executives (including the COO and General Counsel), which investors often view as a mild negative signal on near-term conviction. Insider Selling: JPMorgan Chase & Co. (NYSE:JPM) COO Sells $2,680,923.09 in Stock Insider Selling: JPMorgan Chase & Co. (NYSE:JPM) General Counsel Sells $1,064,771.20 in Stock
• Negative Sentiment: Credit reserve and mixed earnings commentary — Social-media and research summaries note a $2.2B reserve tied to Apple Card and mixed guidance items in the latest quarter; this remains a watchpoint for credit and consumer trends. JPMorgan Chase Stock (JPM) Opinions on Earnings Report and Political Dispute

Analyst Ratings Changes

JPM has been the subject of several research reports. KGI Securities upped their target price on shares of JPMorgan Chase & Co. from $300.00 to $315.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Truist Financial set a $334.00 price target on JPMorgan Chase & Co. in a research note on Wednesday, January 14th. The Goldman Sachs Group increased their price objective on JPMorgan Chase & Co. from $354.00 to $386.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, January 7th. Finally, Barclays reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, January 14th. Fifteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $336.32.

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.