Cove Private Wealth LLC Buys 1,676 Shares of JPMorgan Chase & Co. $JPM

Cove Private Wealth LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,081 shares of the financial services provider’s stock after purchasing an additional 1,676 shares during the quarter. JPMorgan Chase & Co. comprises about 2.9% of Cove Private Wealth LLC’s investment portfolio, making the stock its 7th largest position. Cove Private Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $9,693,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Roxbury Financial LLC grew its stake in JPMorgan Chase & Co. by 0.4% in the 4th quarter. Roxbury Financial LLC now owns 8,011 shares of the financial services provider’s stock valued at $2,581,000 after acquiring an additional 31 shares during the last quarter. Collective Family Office LLC grew its stake in JPMorgan Chase & Co. by 1.0% in the 4th quarter. Collective Family Office LLC now owns 3,339 shares of the financial services provider’s stock valued at $1,076,000 after acquiring an additional 32 shares during the last quarter. Rialto Wealth Management LLC grew its stake in JPMorgan Chase & Co. by 3.6% in the 3rd quarter. Rialto Wealth Management LLC now owns 962 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 33 shares during the last quarter. Essential Planning LLC. grew its stake in JPMorgan Chase & Co. by 2.4% in the 4th quarter. Essential Planning LLC. now owns 1,399 shares of the financial services provider’s stock valued at $451,000 after acquiring an additional 33 shares during the last quarter. Finally, Sharkey Howes & Javer grew its stake in JPMorgan Chase & Co. by 1.9% in the 3rd quarter. Sharkey Howes & Javer now owns 1,785 shares of the financial services provider’s stock valued at $563,000 after acquiring an additional 34 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on JPM shares. The Goldman Sachs Group set a $361.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, February 24th. Argus increased their price objective on shares of JPMorgan Chase & Co. from $340.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Truist Financial increased their price objective on shares of JPMorgan Chase & Co. from $323.00 to $332.00 and gave the company a “hold” rating in a research note on Wednesday, April 15th. Finally, Daiwa Securities Group lowered their price objective on shares of JPMorgan Chase & Co. from $340.00 to $328.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Fifteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $336.16.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CFO Jeremy Barnum sold 5,611 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $306.55, for a total transaction of $1,720,052.05. Following the completion of the sale, the chief financial officer directly owned 35,460 shares in the company, valued at $10,870,263. The trade was a 13.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Troy L. Rohrbaugh sold 50,000 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $307.11, for a total transaction of $15,355,500.00. Following the sale, the chief executive officer owned 111,279 shares of the company’s stock, valued at approximately $34,174,893.69. This trade represents a 31.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 71,908 shares of company stock valued at $22,065,882. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $313.02 on Thursday. The company has a market cap of $839.59 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.53 and a beta of 1.05. JPMorgan Chase & Co. has a 12 month low of $237.58 and a 12 month high of $337.25. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.86 and a quick ratio of 0.85. The company has a 50-day simple moving average of $298.49 and a 200-day simple moving average of $306.80.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $5.94 EPS for the quarter, topping analysts’ consensus estimates of $5.50 by $0.44. The business had revenue of $50.54 billion during the quarter, compared to the consensus estimate of $48.30 billion. JPMorgan Chase & Co. had a net margin of 20.66% and a return on equity of 17.54%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.07 earnings per share. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 22.34 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Monday, April 6th will be issued a dividend of $1.50 per share. The ex-dividend date is Monday, April 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. JPMorgan Chase & Co.’s payout ratio is 28.74%.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan is a lead participant (with Mitsubishi UFJ) in a near-record $38 billion loan package to finance Oracle’s data-center projects — a large corporate lending fee opportunity and deeper exposure to cloud/data-center financing. JPMorgan Closing in on Record $38B Oracle Data Center Loan
• Positive Sentiment: JPMorgan is expanding its $1.5 trillion, 10‑year Security & Resiliency Initiative into continental Europe — a strategic, long‑dated program that can drive deal pipeline, advisory fees and corporate banking relationships across defense, energy and advanced manufacturing. JPMorganChase Expands Security and Resiliency Initiative Across Europe
• Positive Sentiment: Analyst support is lifting sentiment — recent upgrades/price-target hikes (including a Truist/other broker moves) are cited as drivers for buying interest. Broker commentary following solid Q1 results continues to underpin the stock. JPMorgan Chase & Co. (NYSE:JPM) Shares Up 2.1% on Analyst Upgrade
• Positive Sentiment: Big-bank Q1 earnings momentum (JPM included) has buoyed financials — trading, investment banking and asset-management flows were highlighted as drivers of JPMorgan’s recent better-than-expected revenue and EPS. That macro/sector lift supports multiple banks including JPM. Big Bank Earnings Gave Financials a Lift, But Wall Street Is Still Cautious
• Neutral Sentiment: Product news: JPMorgan launched/updated fixed-income ETF offerings (JCPB) and is pursuing active ETF approval in China — incremental product expansion but limited immediate impact on the bank’s core P&L. JCPB: Much Improved Fixed Income ETF From JPMorgan
• Neutral Sentiment: Portfolio adjustments in small-cap holdings (JPM reducing or ceasing substantial holdings in a2 Milk, West African Resources, Flight Centre, etc.) are housekeeping for asset-management sleeves — unlikely to move JPM’s stock materially. JPMorgan Group Cuts a2 Milk Stake Below Substantial Holder Threshold
• Negative Sentiment: Notable institutional selling — some large asset managers (Robeco, UBS and others) trimmed JPM positions meaningfully in recent filings, which can create headwinds if the trend continues. Fund Update: Robeco Institutional Asset Management B.V. Just Disclosed New Holdings
• Negative Sentiment: Heavy insider selling reported over the past six months (multiple executives, including CEO sales) may concern some investors about near-term conviction, even if sales can be for diversification or compensation-related reasons. Lobbying Update (includes insider trading disclosures)

About JPMorgan Chase & Co.

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.