Donaldson Capital Management LLC Has $108.35 Million Stock Position in JPMorgan Chase & Co. $JPM

Donaldson Capital Management LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 343,510 shares of the financial services provider’s stock after selling 1,955 shares during the period. JPMorgan Chase & Co. makes up 3.4% of Donaldson Capital Management LLC’s holdings, making the stock its 7th biggest holding. Donaldson Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $108,353,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of JPM. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $10,295,209,000. Laurel Wealth Advisors LLC grew its holdings in 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 period. Viking Global Investors LP increased its stake in JPMorgan Chase & Co. by 86.1% in the second quarter. Viking Global Investors LP now owns 4,042,034 shares of the financial services provider’s stock valued at $1,171,826,000 after purchasing an additional 1,870,386 shares in the last quarter. Montrusco Bolton Investments Inc. acquired a new position in shares of JPMorgan Chase & Co. during the second quarter valued at about $485,802,000. Finally, International Assets Investment Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the second quarter valued at about $458,104,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $322.34 on Tuesday. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $337.25. The stock’s 50 day moving average price is $315.86 and its 200-day moving average price is $307.40. The company has a market capitalization of $877.49 billion, a PE ratio of 16.11, a PEG ratio of 1.57 and a beta of 1.08. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, January 13th. The financial services provider reported $5.23 EPS for the quarter, beating analysts’ consensus estimates of $4.93 by $0.30. The company had revenue of $46.77 billion during the quarter, compared to the consensus estimate of $45.98 billion. JPMorgan Chase & Co. had a return on equity of 17.16% and a net margin of 20.35%.JPMorgan Chase & Co.’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the business posted $4.81 earnings per share. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, January 31st. Stockholders of record on Tuesday, January 6th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 29.99%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on JPM. Robert W. Baird upgraded JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and set a $280.00 target price for the company in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a report on Monday, December 22nd. Wall Street Zen upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Sunday, January 18th. CICC Research began coverage on JPMorgan Chase & Co. in a research report on Wednesday, January 14th. They set an “outperform” rating and a $355.00 target price on the stock. Finally, HSBC set a $319.00 target price on JPMorgan Chase & Co. and gave the stock a “hold” rating in a report on Thursday. Fourteen investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $340.18.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: Bespoke municipal-bond accounts — separately managed muni accounts — have grown to about $1.3 trillion, which JPMorgan says is now the largest form of demand aggregation in the municipal market. That underlines recurring-fee and asset-gathering strength for the bank’s wealth and asset-management businesses. JPMorgan says bespoke muni-bond accounts grew to US$1.3 trillion
• Positive Sentiment: Baird upgraded JPMorgan to Neutral after JPM beat Q4 earnings estimates — the upgrade cites JPM’s strong capital position and Q4 performance, which supports the earnings outlook and dividend/ buyback capacity. Baird Upgrades JPMorgan (JPM) to Neutral After Q4 Earnings Beat
• Positive Sentiment: HSBC moved JPM from Reduce to Hold and set a $319 price target, reflecting the stock’s recovery from recent weakness and reinforcing analyst support for the shares. HSBC Upgraded JPMorgan Chase & Co. (JPM) to Hold from Reduce and Set a New $319 Price Target
• Neutral Sentiment: Coverage notes and analyst actions from JPMorgan (price-target moves on other companies, analyst reports) keep the firm visible as a research and trading hub, but these items have limited direct impact on JPM’s own earnings. JPMorgan and Citigroup Lift Price Targets on L3Harris Technologies, Inc. (LHX)
• Neutral Sentiment: Commentary about other companies (e.g., JPMorgan’s analyst calls on Kyndryl, TG Therapeutics) reflects normal sell-side activity but doesn’t materially change JPM’s fundamentals. Kyndryl Slumps Amid CFO Exit, Weak Outlook
• Negative Sentiment: JPMorgan Global Research warns that nationwide home-price forecasts mask sharp declines in parts of the Sun Belt (Florida, Texas) and on the West Coast — a regional housing slump could pressure mortgage originations, home-equity lines and consumer credit in those areas. JPMorgan’s nationwide home price forecast hides a Sun Belt full of pain. Watch out, Florida and Texas
• Negative Sentiment: JPMorgan’s own economists (e.g., David Kelly) flag “soggy consumption, weak job gains and a sour public mood,” signaling macro downside risk to loan growth, trading volumes and fee businesses if consumer activity weakens. Top analyst: Trump’s economy marked by ‘soggy consumption, weak job gains and a sour public mood’

Insider Transactions at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,404 shares of the firm’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $312.80, for a total transaction of $1,064,771.20. Following the completion of the sale, the general counsel owned 65,353 shares in the company, valued at approximately $20,442,418.40. This trade represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jeremy Barnum sold 2,893 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $312.79, for a total transaction of $904,901.47. Following the completion of the sale, the chief financial officer directly owned 26,696 shares in the company, valued at approximately $8,350,241.84. This represents a 9.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,868 shares of company stock worth $4,650,596 in the last ninety days. Company insiders own 0.47% 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.