Thrivent Financial for Lutherans Acquires 95,604 Shares of JPMorgan Chase & Co. $JPM

Thrivent Financial for Lutherans grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,731,910 shares of the financial services provider’s stock after acquiring an additional 95,604 shares during the period. JPMorgan Chase & Co. comprises approximately 1.1% of Thrivent Financial for Lutherans’ holdings, making the stock its 11th largest position. Thrivent Financial for Lutherans owned about 0.06% of JPMorgan Chase & Co. worth $546,296,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC grew its position in shares of JPMorgan Chase & Co. by 0.5% during the second quarter. Geode Capital Management LLC now owns 61,129,271 shares of the financial services provider’s stock worth $17,646,506,000 after purchasing an additional 300,160 shares in the last quarter. Norges Bank purchased a new position in JPMorgan Chase & Co. in the 2nd quarter worth approximately $10,295,209,000. Laurel Wealth Advisors LLC boosted its stake in JPMorgan Chase & Co. by 28,813.7% in the 2nd 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. Invesco Ltd. grew its holdings in JPMorgan Chase & Co. by 4.2% during the 2nd quarter. Invesco Ltd. now owns 14,332,418 shares of the financial services provider’s stock valued at $4,155,111,000 after buying an additional 577,860 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in JPMorgan Chase & Co. by 1.0% during the 2nd 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 buying an additional 76,413 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,404 shares of the stock in a transaction on 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 sale, the general counsel owned 65,353 shares of the company’s stock, valued at approximately $20,442,418.40. This represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jennifer Piepszak sold 8,571 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $312.79, for a total transaction of $2,680,923.09. Following the completion of the sale, the chief operating officer owned 71,027 shares of the company’s stock, valued at $22,216,535.33. This trade represents a 10.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 14,868 shares of company stock worth $4,650,596 over the last quarter. Insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.0%

JPM opened at $322.34 on Tuesday. The stock has a 50-day moving average of $315.86 and a 200 day moving average of $307.40. The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $337.25. The firm has a market cap of $877.49 billion, a P/E ratio of 16.11, a P/E/G ratio of 1.57 and a beta of 1.08.

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

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Shareholders of record on Tuesday, January 6th were paid 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 was Tuesday, January 6th. JPMorgan Chase & Co.’s payout ratio is presently 29.99%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Loop Capital set a $310.00 target price on shares of JPMorgan Chase & Co. in a research report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a report on Monday, December 22nd. Freedom Capital upgraded JPMorgan Chase & Co. to a “hold” rating in a research report on Wednesday, January 14th. Robert W. Baird upgraded JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and set a $280.00 target price on the stock in a research report on Tuesday, February 3rd. Finally, Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $350.00 to $360.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Fourteen equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $340.18.

Trending Headlines about JPMorgan Chase & Co.

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’

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.