First Citizens Bank & Trust Co. increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 152,331 shares of the financial services provider’s stock after purchasing an additional 3,539 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.8% of First Citizens Bank & Trust Co.’s investment portfolio, making the stock its 19th biggest position. First Citizens Bank & Trust Co.’s holdings in JPMorgan Chase & Co. were worth $44,810,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Fidelis Capital Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 7.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 70,077 shares of the financial services provider’s stock worth $22,580,000 after buying an additional 5,101 shares in the last quarter. Howard Capital Management Inc. lifted its stake in shares of JPMorgan Chase & Co. by 18.2% in the fourth quarter. Howard Capital Management Inc. now owns 25,784 shares of the financial services provider’s stock worth $8,308,000 after buying an additional 3,976 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in shares of JPMorgan Chase & Co. by 51.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 8,883 shares of the financial services provider’s stock worth $2,862,000 after buying an additional 3,027 shares in the last quarter. Brighton Jones LLC boosted its position in JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after acquiring an additional 4,841 shares during the last quarter. Finally, KTF Investments LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth about $6,449,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets A number of research firms have commented on JPM. 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 report on Wednesday, April 15th. Weiss Ratings cut JPMorgan Chase & Co. from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday. Citigroup upped their price target on JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. Truist Financial increased their price target on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. Finally, Dbs Bank upgraded JPMorgan Chase & Co. to a “hold” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $358.67.
Check Out Our Latest Report on JPMorgan Chase & Co.
Insider Buying and Selling In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,919 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total value of $1,522,036.98. Following the sale, the chief operating officer owned 85,082 shares in the company, valued at $26,326,072.44. The trade was a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,468 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $300.27, for a total value of $1,641,876.36. Following the completion of the transaction, the general counsel directly owned 46,428 shares in the company, valued at approximately $13,940,935.56. This trade represents a 10.54% 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. Over the last three months, insiders sold 18,876 shares of company stock worth $5,907,051. Company insiders own 0.41% of the company’s stock.
JPMorgan Chase & Co. News Summary Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan continues to draw favorable analyst attention, with multiple reports saying it remains a strong long-term and momentum pick for investors. Wall Street Analysts Think JPMorgan Chase & Co. (JPM) Is a Good Investment: Is It? Positive Sentiment: Recent commentary highlighted JPMorgan’s earnings strength and AI-related growth themes in banking, which supports the view that the company can keep outperforming peers. JPMorgan Sees AI-Powered Growth For Banks; Stock Pops Into Buy Zone After Earnings Growth Positive Sentiment: JPMorgan was also cited as a top momentum candidate and long-term stock pick by Zacks, adding to the bullish sentiment around the shares. Are You Looking for a Top Momentum Pick? Why JPMorgan Chase & Co. (JPM) is a Great Choice Neutral Sentiment: The bank completed $9 billion in debt offerings, which is a routine capital-markets transaction that may help funding flexibility but is not clearly a major near-term catalyst. JPMorgan Chase Raises $9 Billion Through Debt Offerings Neutral Sentiment: JPMorgan’s broader market commentary on oil, Iran-related disruption, and global risks reflects its macro views, but these notes are more informative than directly stock-moving for JPM itself. Here’s what each additional month of Iran-conflict disruption means for oil prices Negative Sentiment: House lawmakers questioned former JPMorgan executive Jes Staley over Epstein-related ties, which keeps reputational and legal-overhang concerns in the background for the bank. House lawmakers grill former JPMorgan executive Jes Staley over Epstein ties JPMorgan Chase & Co. Stock Performance NYSE:JPM opened at $352.88 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.86. The firm has a market capitalization of $945.55 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.56 and a beta of 0.99. The company’s 50-day moving average is $323.74 and its two-hundred day moving average is $311.13. JPMorgan Chase & Co. has a 1-year low of $279.10 and a 1-year high of $353.37.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.59 by $0.55. The business had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The business’s revenue was up 27.7% compared to the same quarter last year. During the same quarter last year, the firm earned $4.96 EPS. Analysts forecast that JPMorgan Chase & Co. will post 23.97 EPS for the current year.
JPMorgan Chase & Co. Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.71%.
JPMorgan Chase & Co. Company Profile (Free Report)
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.
Further Reading Five stocks we like better than JPMorgan Chase & Co. Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
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CI Investments Inc. lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 744,679 shares of the financial services provider’s stock after selling 63,548 shares during the period. JPMorgan Chase & Co. comprises 1.1% of CI Investments Inc.’s portfolio, making the stock its 16th largest holding. CI Investments Inc.’s holdings in JPMorgan Chase & Co. were worth $219,055,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Timmons Wealth Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $27,000. MBM Wealth Consultants LLC purchased a new position in JPMorgan Chase & Co. in the 1st quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $32,000. Osbon Capital Management LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $35,000. Finally, Turning Point Benefit Group Inc. acquired a new position in JPMorgan Chase & Co. during the third quarter worth $35,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at JPMorgan Chase & Co. In related news, CFO Jeremy Barnum sold 3,022 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $309.41, for a total value of $935,037.02. Following the completion of the transaction, the chief financial officer owned 32,438 shares of the company’s stock, valued at approximately $10,036,641.58. The trade was a 8.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,468 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $300.27, for a total transaction of $1,641,876.36. Following the completion of the transaction, the general counsel owned 46,428 shares in the company, valued at approximately $13,940,935.56. This trade represents a 10.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 18,876 shares of company stock valued at $5,907,051. 0.41% of the stock is owned by insiders.
Trending Headlines about JPMorgan Chase & Co. Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan continues to draw favorable analyst attention, with multiple reports saying it remains a strong long-term and momentum pick for investors. Wall Street Analysts Think JPMorgan Chase & Co. (JPM) Is a Good Investment: Is It? Positive Sentiment: Recent commentary highlighted JPMorgan’s earnings strength and AI-related growth themes in banking, which supports the view that the company can keep outperforming peers. JPMorgan Sees AI-Powered Growth For Banks; Stock Pops Into Buy Zone After Earnings Growth Positive Sentiment: JPMorgan was also cited as a top momentum candidate and long-term stock pick by Zacks, adding to the bullish sentiment around the shares. Are You Looking for a Top Momentum Pick? Why JPMorgan Chase & Co. (JPM) is a Great Choice Neutral Sentiment: The bank completed $9 billion in debt offerings, which is a routine capital-markets transaction that may help funding flexibility but is not clearly a major near-term catalyst. JPMorgan Chase Raises $9 Billion Through Debt Offerings Neutral Sentiment: JPMorgan’s broader market commentary on oil, Iran-related disruption, and global risks reflects its macro views, but these notes are more informative than directly stock-moving for JPM itself. Here’s what each additional month of Iran-conflict disruption means for oil prices Negative Sentiment: House lawmakers questioned former JPMorgan executive Jes Staley over Epstein-related ties, which keeps reputational and legal-overhang concerns in the background for the bank. House lawmakers grill former JPMorgan executive Jes Staley over Epstein ties Analysts Set New Price Targets A number of research firms have commented on JPM. Daiwa Securities Group decreased their target price on JPMorgan Chase & Co. from $340.00 to $328.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Dbs Bank upgraded JPMorgan Chase & Co. to a “hold” rating in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $370.00 to $384.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, Autonomous Res lowered their price objective on shares of JPMorgan Chase & Co. from $360.00 to $324.00 and set a “neutral” rating on the stock in a research note on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $358.67.
View Our Latest Analysis on JPMorgan Chase & Co.
JPMorgan Chase & Co. Price Performance Shares of NYSE:JPM opened at $352.88 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.85. The business’s fifty day moving average price is $323.74 and its two-hundred day moving average price is $311.13. The stock has a market cap of $945.55 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $353.37.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $58.02 billion during the quarter, compared to analysts’ expectations of $50.72 billion. During the same period in the previous year, the firm posted $4.96 earnings per share. The business’s revenue for the quarter was up 27.7% compared to the same quarter last year. On average, analysts forecast that JPMorgan Chase & Co. will post 23.97 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.71%.
About JPMorgan Chase & Co. (Free Report)
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.
Recommended Stories Five stocks we like better than JPMorgan Chase & Co. Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
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Burling Wealth Partners LLC lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 2.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,068 shares of the financial services provider’s stock after selling 1,585 shares during the period. JPMorgan Chase & Co. makes up about 3.0% of Burling Wealth Partners LLC’s holdings, making the stock its 6th biggest position. Burling Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $18,552,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the business. Timmons Wealth Management LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $27,000. MBM Wealth Consultants LLC purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $32,000. Osbon Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $35,000. Finally, Turning Point Benefit Group Inc. bought a new position in shares of JPMorgan Chase & Co. in the third quarter worth $35,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at JPMorgan Chase & Co. In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,919 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total value of $1,522,036.98. Following the completion of the transaction, the chief operating officer owned 85,082 shares of the company’s stock, valued at $26,326,072.44. The trade was a 5.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Barnum sold 3,022 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total transaction of $935,037.02. Following the completion of the transaction, the chief financial officer directly owned 32,438 shares in the company, valued at $10,036,641.58. The trade was a 8.52% 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. Insiders have sold 18,876 shares of company stock valued at $5,907,051 over the last three months. 0.41% of the stock is owned by corporate insiders.
More JPMorgan Chase & Co. News Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan continues to draw favorable analyst attention, with multiple reports saying it remains a strong long-term and momentum pick for investors. Wall Street Analysts Think JPMorgan Chase & Co. (JPM) Is a Good Investment: Is It? Positive Sentiment: Recent commentary highlighted JPMorgan’s earnings strength and AI-related growth themes in banking, which supports the view that the company can keep outperforming peers. JPMorgan Sees AI-Powered Growth For Banks; Stock Pops Into Buy Zone After Earnings Growth Positive Sentiment: JPMorgan was also cited as a top momentum candidate and long-term stock pick by Zacks, adding to the bullish sentiment around the shares. Are You Looking for a Top Momentum Pick? Why JPMorgan Chase & Co. (JPM) is a Great Choice Neutral Sentiment: The bank completed $9 billion in debt offerings, which is a routine capital-markets transaction that may help funding flexibility but is not clearly a major near-term catalyst. JPMorgan Chase Raises $9 Billion Through Debt Offerings Neutral Sentiment: JPMorgan’s broader market commentary on oil, Iran-related disruption, and global risks reflects its macro views, but these notes are more informative than directly stock-moving for JPM itself. Here’s what each additional month of Iran-conflict disruption means for oil prices Negative Sentiment: House lawmakers questioned former JPMorgan executive Jes Staley over Epstein-related ties, which keeps reputational and legal-overhang concerns in the background for the bank. House lawmakers grill former JPMorgan executive Jes Staley over Epstein ties Analyst Upgrades and Downgrades JPM has been the topic of a number of analyst reports. Evercore reiterated an “outperform” rating and set a $360.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $375.00 target price for the company in a research note on Wednesday. Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Royal Bank Of Canada upped their price target on JPMorgan Chase & Co. from $330.00 to $370.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Finally, Argus upped their price target on JPMorgan Chase & Co. from $340.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $358.67.
Check Out Our Latest Stock Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Price Performance Shares of NYSE JPM opened at $352.88 on Friday. The firm has a market capitalization of $945.55 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.56 and a beta of 0.99. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. The stock’s 50-day simple moving average is $323.74 and its two-hundred day simple moving average is $311.13. JPMorgan Chase & Co. has a twelve month low of $279.10 and a twelve month high of $353.37.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.59 by $0.55. The firm had revenue of $58.02 billion for the quarter, compared to analysts’ expectations of $50.72 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The company’s revenue was up 27.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.96 EPS. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 23.97 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.71%.
JPMorgan Chase & Co. Profile (Free Report)
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.
Recommended Stories Five stocks we like better than JPMorgan Chase & Co. Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24
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First Trust Advisors LP boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 16.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,236,537 shares of the financial services provider’s stock after buying an additional 314,439 shares during the period. First Trust Advisors LP owned approximately 0.08% of JPMorgan Chase & Co. worth $657,900,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of JPM. Fidelis Capital Partners LLC lifted its stake in shares of JPMorgan Chase & Co. by 7.9% in the fourth quarter. Fidelis Capital Partners LLC now owns 70,077 shares of the financial services provider’s stock valued at $22,580,000 after buying an additional 5,101 shares during the period. Howard Capital Management Inc. grew its position in JPMorgan Chase & Co. by 18.2% during the fourth quarter. Howard Capital Management Inc. now owns 25,784 shares of the financial services provider’s stock worth $8,308,000 after buying an additional 3,976 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in JPMorgan Chase & Co. by 51.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 8,883 shares of the financial services provider’s stock valued at $2,862,000 after acquiring an additional 3,027 shares during the period. Brighton Jones LLC increased its stake in JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after acquiring an additional 4,841 shares during the period. Finally, KTF Investments LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $6,449,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes A number of analysts have commented on JPM shares. Evercore reiterated an “outperform” rating and issued a $360.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. Argus boosted their price objective on JPMorgan Chase & Co. from $340.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Autonomous Res cut their target price on JPMorgan Chase & Co. from $360.00 to $324.00 and set a “neutral” rating for the company in a research note on Monday, April 6th. Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $360.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, Royal Bank Of Canada lifted their price target on shares of JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $358.67.
Get Our Latest Research Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Stock Up 0.9% Shares of JPM opened at $352.88 on Friday. The stock has a market cap of $945.55 billion, a price-to-earnings ratio of 15.12, a P/E/G ratio of 1.56 and a beta of 0.99. The company has a quick ratio of 0.86, a current 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 $353.37. The company has a 50-day moving average price of $323.74 and a two-hundred day moving average price of $311.13.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $58.02 billion for the quarter, compared to the consensus estimate of $50.72 billion. During the same period in the previous year, the business earned $4.96 earnings per share. The company’s quarterly revenue was up 27.7% on a year-over-year basis. Equities analysts predict that JPMorgan Chase & Co. will post 23.97 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.71%.
Key JPMorgan Chase & Co. News Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan continues to draw favorable analyst attention, with multiple reports saying it remains a strong long-term and momentum pick for investors. Wall Street Analysts Think JPMorgan Chase & Co. (JPM) Is a Good Investment: Is It? Positive Sentiment: Recent commentary highlighted JPMorgan’s earnings strength and AI-related growth themes in banking, which supports the view that the company can keep outperforming peers. JPMorgan Sees AI-Powered Growth For Banks; Stock Pops Into Buy Zone After Earnings Growth Positive Sentiment: JPMorgan was also cited as a top momentum candidate and long-term stock pick by Zacks, adding to the bullish sentiment around the shares. Are You Looking for a Top Momentum Pick? Why JPMorgan Chase & Co. (JPM) is a Great Choice Neutral Sentiment: The bank completed $9 billion in debt offerings, which is a routine capital-markets transaction that may help funding flexibility but is not clearly a major near-term catalyst. JPMorgan Chase Raises $9 Billion Through Debt Offerings Neutral Sentiment: JPMorgan’s broader market commentary on oil, Iran-related disruption, and global risks reflects its macro views, but these notes are more informative than directly stock-moving for JPM itself. Here’s what each additional month of Iran-conflict disruption means for oil prices Negative Sentiment: House lawmakers questioned former JPMorgan executive Jes Staley over Epstein-related ties, which keeps reputational and legal-overhang concerns in the background for the bank. House lawmakers grill former JPMorgan executive Jes Staley over Epstein ties Insider Activity at JPMorgan Chase & Co. In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,919 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total transaction of $1,522,036.98. Following the completion of the transaction, the chief operating officer directly owned 85,082 shares in the company, valued at $26,326,072.44. This represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Barnum sold 3,022 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total value of $935,037.02. Following the transaction, the chief financial officer owned 32,438 shares of the company’s stock, valued at $10,036,641.58. This represents a 8.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 18,876 shares of company stock valued at $5,907,051 in the last 90 days. 0.41% of the stock is owned by corporate insiders.
About JPMorgan Chase & Co. (Free Report)
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.
Read More Five stocks we like better than JPMorgan Chase & Co. Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24
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Arvest Bank Trust Division lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 7.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,239 shares of the financial services provider’s stock after selling 4,344 shares during the period. JPMorgan Chase & Co. makes up 0.9% of Arvest Bank Trust Division’s holdings, making the stock its 27th biggest holding. Arvest Bank Trust Division’s holdings in JPMorgan Chase & Co. were worth $16,249,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Essential Planning LLC. increased its holdings in JPMorgan Chase & Co. by 2.4% during the 4th quarter. Essential Planning LLC. now owns 1,399 shares of the financial services provider’s stock worth $451,000 after purchasing an additional 33 shares during the period. Sterling Group Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.8% in the 1st quarter. Sterling Group Wealth Management LLC now owns 4,020 shares of the financial services provider’s stock valued at $1,183,000 after buying an additional 33 shares during the period. Spinnaker Investment Group LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.7% in the 4th quarter. Spinnaker Investment Group LLC now owns 5,183 shares of the financial services provider’s stock valued at $1,670,000 after buying an additional 34 shares during the period. Vestia Personal Wealth Advisors grew its position in shares of JPMorgan Chase & Co. by 2.7% during the fourth quarter. Vestia Personal Wealth Advisors now owns 1,294 shares of the financial services provider’s stock worth $391,000 after buying an additional 34 shares in the last quarter. Finally, South Street Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 0.4% during the fourth quarter. South Street Advisors LLC now owns 9,421 shares of the financial services provider’s stock worth $3,036,000 after buying an additional 34 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.
JPMorgan Chase & Co. Stock Up 0.9% JPM opened at $352.88 on Friday. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $353.37. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.85. The stock has a market capitalization of $945.55 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. The business’s 50-day simple moving average is $323.74 and its 200-day simple moving average is $311.13.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.59 by $0.55. The company had revenue of $58.02 billion during the quarter, compared to analysts’ expectations of $50.72 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The firm’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.96 earnings per share. Analysts anticipate that JPMorgan Chase & Co. will post 23.97 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s payout ratio is 25.71%.
Insider Buying and Selling at JPMorgan Chase & Co. In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 3,022 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total transaction of $935,037.02. Following the completion of the sale, the chief financial officer directly owned 32,438 shares of the company’s stock, valued at $10,036,641.58. This represents a 8.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jennifer Piepszak sold 4,919 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total value of $1,522,036.98. Following the sale, the chief operating officer directly owned 85,082 shares of the company’s stock, valued at $26,326,072.44. The trade was a 5.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,876 shares of company stock valued at $5,907,051 in the last ninety days. Insiders own 0.41% of the company’s stock.
Analysts Set New Price Targets Several research analysts have commented on the stock. Bank of America boosted their price target on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. UBS Group lifted their price objective on shares of JPMorgan Chase & Co. from $375.00 to $384.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Jefferies Financial Group set a $350.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 14th. Evercore reissued an “outperform” rating and issued a $360.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 6th. Finally, DZ Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $358.67.
Read Our Latest Research Report on JPM
Key Headlines Impacting JPMorgan Chase & Co. Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan continues to draw favorable analyst attention, with multiple reports saying it remains a strong long-term and momentum pick for investors. Wall Street Analysts Think JPMorgan Chase & Co. (JPM) Is a Good Investment: Is It? Positive Sentiment: Recent commentary highlighted JPMorgan’s earnings strength and AI-related growth themes in banking, which supports the view that the company can keep outperforming peers. JPMorgan Sees AI-Powered Growth For Banks; Stock Pops Into Buy Zone After Earnings Growth Positive Sentiment: JPMorgan was also cited as a top momentum candidate and long-term stock pick by Zacks, adding to the bullish sentiment around the shares. Are You Looking for a Top Momentum Pick? Why JPMorgan Chase & Co. (JPM) is a Great Choice Neutral Sentiment: The bank completed $9 billion in debt offerings, which is a routine capital-markets transaction that may help funding flexibility but is not clearly a major near-term catalyst. JPMorgan Chase Raises $9 Billion Through Debt Offerings Neutral Sentiment: JPMorgan’s broader market commentary on oil, Iran-related disruption, and global risks reflects its macro views, but these notes are more informative than directly stock-moving for JPM itself. Here’s what each additional month of Iran-conflict disruption means for oil prices Negative Sentiment: House lawmakers questioned former JPMorgan executive Jes Staley over Epstein-related ties, which keeps reputational and legal-overhang concerns in the background for the bank. House lawmakers grill former JPMorgan executive Jes Staley over Epstein ties About JPMorgan Chase & Co. (Free Report)
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.
Recommended Stories Five stocks we like better than JPMorgan Chase & Co. Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
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DJE Kapital AG lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 29.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 267,958 shares of the financial services provider’s stock after selling 112,290 shares during the quarter. JPMorgan Chase & Co. makes up about 1.7% of DJE Kapital AG’s holdings, making the stock its 20th biggest position. DJE Kapital AG’s holdings in JPMorgan Chase & Co. were worth $77,787,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Andra AP fonden boosted its holdings in shares of JPMorgan Chase & Co. by 58.8% in the 1st quarter. Andra AP fonden now owns 382,685 shares of the financial services provider’s stock valued at $112,571,000 after buying an additional 141,684 shares in the last quarter. Wilkerson Advisory Group LLC grew its position in shares of JPMorgan Chase & Co. by 3.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 6,130 shares of the financial services provider’s stock valued at $1,803,000 after buying an additional 200 shares during the last quarter. DUTCH ASSET Corp raised its stake in JPMorgan Chase & Co. by 13.6% during the 1st quarter. DUTCH ASSET Corp now owns 5,784 shares of the financial services provider’s stock worth $1,702,000 after acquiring an additional 691 shares in the last quarter. One Charles Private Wealth Services LLC raised its stake in JPMorgan Chase & Co. by 0.6% during the 1st quarter. One Charles Private Wealth Services LLC now owns 12,518 shares of the financial services provider’s stock worth $3,682,000 after acquiring an additional 80 shares in the last quarter. Finally, Madison Asset Management LLC lifted its position in JPMorgan Chase & Co. by 3.1% in the first quarter. Madison Asset Management LLC now owns 142,142 shares of the financial services provider’s stock valued at $41,812,000 after acquiring an additional 4,274 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.
JPMorgan Chase & Co. Trading Up 0.9% NYSE JPM opened at $352.88 on Friday. The firm’s fifty day moving average is $323.74 and its two-hundred day moving average is $311.13. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $353.37. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.85. The firm has a market cap of $945.55 billion, a PE ratio of 15.12, a P/E/G ratio of 1.56 and a beta of 0.99.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its earnings results 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 net margin of 21.86% and a return on equity of 18.23%. The business had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. During the same quarter in the prior year, the firm earned $4.96 earnings per share. The business’s quarterly revenue was up 27.7% compared to the same quarter last year. Analysts expect that JPMorgan Chase & Co. will post 23.97 earnings per share for the current year.
JPMorgan Chase & Co. Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $6.00 annualized dividend and a yield of 1.7%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.71%.
Analysts Set New Price Targets Several research firms have issued reports on JPM. HSBC upped their price objective on shares of JPMorgan Chase & Co. from $288.00 to $312.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Argus raised their price target on JPMorgan Chase & Co. from $340.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Weiss Ratings lowered JPMorgan Chase & Co. from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday. Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $360.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $358.67.
Get Our Latest Stock Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. News Roundup Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan continues to draw favorable analyst attention, with multiple reports saying it remains a strong long-term and momentum pick for investors. Wall Street Analysts Think JPMorgan Chase & Co. (JPM) Is a Good Investment: Is It? Positive Sentiment: Recent commentary highlighted JPMorgan’s earnings strength and AI-related growth themes in banking, which supports the view that the company can keep outperforming peers. JPMorgan Sees AI-Powered Growth For Banks; Stock Pops Into Buy Zone After Earnings Growth Positive Sentiment: JPMorgan was also cited as a top momentum candidate and long-term stock pick by Zacks, adding to the bullish sentiment around the shares. Are You Looking for a Top Momentum Pick? Why JPMorgan Chase & Co. (JPM) is a Great Choice Neutral Sentiment: The bank completed $9 billion in debt offerings, which is a routine capital-markets transaction that may help funding flexibility but is not clearly a major near-term catalyst. JPMorgan Chase Raises $9 Billion Through Debt Offerings Neutral Sentiment: JPMorgan’s broader market commentary on oil, Iran-related disruption, and global risks reflects its macro views, but these notes are more informative than directly stock-moving for JPM itself. Here’s what each additional month of Iran-conflict disruption means for oil prices Negative Sentiment: House lawmakers questioned former JPMorgan executive Jes Staley over Epstein-related ties, which keeps reputational and legal-overhang concerns in the background for the bank. House lawmakers grill former JPMorgan executive Jes Staley over Epstein ties Insider Buying and Selling at JPMorgan Chase & Co. In other news, COO Jennifer Piepszak sold 4,919 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total value of $1,522,036.98. Following the transaction, the chief operating officer owned 85,082 shares of the company’s stock, valued at approximately $26,326,072.44. The trade was a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Barnum sold 3,022 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $309.41, for a total value of $935,037.02. Following the completion of the transaction, the chief financial officer directly owned 32,438 shares in the company, valued at approximately $10,036,641.58. The trade was a 8.52% 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. Insiders sold a total of 18,876 shares of company stock valued at $5,907,051 in the last ninety days. Insiders own 0.41% of the company’s stock.
About JPMorgan Chase & Co. (Free Report)
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.
Recommended Stories Five stocks we like better than JPMorgan Chase & Co. Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
Danica Pension Livsforsikringsaktieselskab boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 41.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 260,357 shares of the financial services provider’s stock after acquiring an additional 76,128 shares during the quarter. JPMorgan Chase & Co. comprises about 1.5% of Danica Pension Livsforsikringsaktieselskab’s investment portfolio, making the stock its 15th biggest position. Danica Pension Livsforsikringsaktieselskab’s holdings in JPMorgan Chase & Co. were worth $76,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Timmons Wealth Management LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth $27,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $32,000. MBM Wealth Consultants LLC bought a new position in JPMorgan Chase & Co. during the 1st quarter valued at about $29,000. Osbon Capital Management LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $35,000. Finally, Turning Point Benefit Group Inc. bought a new stake in JPMorgan Chase & Co. in the third quarter worth about $35,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 3,022 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total transaction of $935,037.02. Following the completion of the sale, the chief financial officer directly owned 32,438 shares of the company’s stock, valued at $10,036,641.58. The trade was a 8.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,468 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $300.27, for a total value of $1,641,876.36. Following the completion of the sale, the general counsel owned 46,428 shares of the company’s stock, valued at $13,940,935.56. This represents a 10.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 18,876 shares of company stock worth $5,907,051 in the last ninety days. 0.41% of the stock is owned by company insiders.
More JPMorgan Chase & Co. News Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan continues to draw favorable analyst attention, with multiple reports saying it remains a strong long-term and momentum pick for investors. Wall Street Analysts Think JPMorgan Chase & Co. (JPM) Is a Good Investment: Is It? Positive Sentiment: Recent commentary highlighted JPMorgan’s earnings strength and AI-related growth themes in banking, which supports the view that the company can keep outperforming peers. JPMorgan Sees AI-Powered Growth For Banks; Stock Pops Into Buy Zone After Earnings Growth Positive Sentiment: JPMorgan was also cited as a top momentum candidate and long-term stock pick by Zacks, adding to the bullish sentiment around the shares. Are You Looking for a Top Momentum Pick? Why JPMorgan Chase & Co. (JPM) is a Great Choice Neutral Sentiment: The bank completed $9 billion in debt offerings, which is a routine capital-markets transaction that may help funding flexibility but is not clearly a major near-term catalyst. JPMorgan Chase Raises $9 Billion Through Debt Offerings Neutral Sentiment: JPMorgan’s broader market commentary on oil, Iran-related disruption, and global risks reflects its macro views, but these notes are more informative than directly stock-moving for JPM itself. Here’s what each additional month of Iran-conflict disruption means for oil prices Negative Sentiment: House lawmakers questioned former JPMorgan executive Jes Staley over Epstein-related ties, which keeps reputational and legal-overhang concerns in the background for the bank. House lawmakers grill former JPMorgan executive Jes Staley over Epstein ties Analyst Upgrades and Downgrades Several research analysts have issued reports on JPM shares. Truist Financial boosted their target price on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Argus increased their price target on JPMorgan Chase & Co. from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Evercore reissued an “outperform” rating and set a $360.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. Jefferies Financial Group set a $350.00 price objective on JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Finally, UBS Group increased their target price on JPMorgan Chase & Co. from $375.00 to $384.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average price target of $358.67.
Check Out Our Latest Stock Analysis on JPMorgan Chase & Co.
JPMorgan Chase & Co. Price Performance Shares of JPM stock opened at $352.88 on Friday. The company has a market capitalization of $945.55 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.56 and a beta of 0.99. The company’s 50-day simple moving average is $323.74 and its two-hundred day simple moving average is $311.13. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $353.37. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.86.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The firm had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. During the same quarter in the previous year, the firm posted $4.96 earnings per share. The company’s revenue was up 27.7% on a year-over-year basis. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 23.97 EPS for the current year.
JPMorgan Chase & Co. Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.71%.
JPMorgan Chase & Co. Profile (Free Report)
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.
Featured Articles Five stocks we like better than JPMorgan Chase & Co. Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
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Baader Bank Aktiengesellschaft lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 25.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 30,647 shares of the financial services provider’s stock after selling 10,519 shares during the period. JPMorgan Chase & Co. makes up approximately 0.7% of Baader Bank Aktiengesellschaft’s investment portfolio, making the stock its 27th largest position. Baader Bank Aktiengesellschaft’s holdings in JPMorgan Chase & Co. were worth $8,982,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Andra AP fonden raised its position in JPMorgan Chase & Co. by 58.8% in the first quarter. Andra AP fonden now owns 382,685 shares of the financial services provider’s stock valued at $112,571,000 after purchasing an additional 141,684 shares during the period. Wilkerson Advisory Group LLC lifted its stake in JPMorgan Chase & Co. by 3.4% during the first quarter. Wilkerson Advisory Group LLC now owns 6,130 shares of the financial services provider’s stock worth $1,803,000 after purchasing an additional 200 shares in the last quarter. DUTCH ASSET Corp boosted its position in shares of JPMorgan Chase & Co. by 13.6% during the first quarter. DUTCH ASSET Corp now owns 5,784 shares of the financial services provider’s stock worth $1,702,000 after buying an additional 691 shares during the period. One Charles Private Wealth Services LLC boosted its position in shares of JPMorgan Chase & Co. by 0.6% during the first quarter. One Charles Private Wealth Services LLC now owns 12,518 shares of the financial services provider’s stock worth $3,682,000 after buying an additional 80 shares during the period. Finally, Madison Asset Management LLC grew its stake in shares of JPMorgan Chase & Co. by 3.1% in the first quarter. Madison Asset Management LLC now owns 142,142 shares of the financial services provider’s stock valued at $41,812,000 after buying an additional 4,274 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.
JPMorgan Chase & Co. Trading Up 0.9% JPM opened at $352.88 on Friday. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $353.37. The stock has a market capitalization of $945.55 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.56 and a beta of 0.99. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.86. The business has a fifty day moving average price of $323.74 and a 200 day moving average price of $311.13.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $58.02 billion for the quarter, compared to the consensus estimate of $50.72 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.JPMorgan Chase & Co.’s revenue was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.96 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 23.97 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. JPMorgan Chase & Co.’s payout ratio is currently 25.71%.
Key JPMorgan Chase & Co. News Here are the key news stories impacting JPMorgan Chase & Co. this week:
Positive Sentiment: JPMorgan continues to draw favorable analyst attention, with multiple reports saying it remains a strong long-term and momentum pick for investors. Wall Street Analysts Think JPMorgan Chase & Co. (JPM) Is a Good Investment: Is It? Positive Sentiment: Recent commentary highlighted JPMorgan’s earnings strength and AI-related growth themes in banking, which supports the view that the company can keep outperforming peers. JPMorgan Sees AI-Powered Growth For Banks; Stock Pops Into Buy Zone After Earnings Growth Positive Sentiment: JPMorgan was also cited as a top momentum candidate and long-term stock pick by Zacks, adding to the bullish sentiment around the shares. Are You Looking for a Top Momentum Pick? Why JPMorgan Chase & Co. (JPM) is a Great Choice Neutral Sentiment: The bank completed $9 billion in debt offerings, which is a routine capital-markets transaction that may help funding flexibility but is not clearly a major near-term catalyst. JPMorgan Chase Raises $9 Billion Through Debt Offerings Neutral Sentiment: JPMorgan’s broader market commentary on oil, Iran-related disruption, and global risks reflects its macro views, but these notes are more informative than directly stock-moving for JPM itself. Here’s what each additional month of Iran-conflict disruption means for oil prices Negative Sentiment: House lawmakers questioned former JPMorgan executive Jes Staley over Epstein-related ties, which keeps reputational and legal-overhang concerns in the background for the bank. House lawmakers grill former JPMorgan executive Jes Staley over Epstein ties Wall Street Analysts Forecast Growth JPM has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $375.00 price objective on the stock in a report on Wednesday. Robert W. Baird lifted their target price on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. HSBC lifted their target price on JPMorgan Chase & Co. from $288.00 to $312.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Dbs Bank raised shares of JPMorgan Chase & Co. to a “hold” rating in a research report on Tuesday, May 12th. Finally, Argus raised 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. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $358.67.
Get Our Latest Report on JPMorgan Chase & Co.
Insider Buying and Selling In related news, CFO Jeremy Barnum sold 3,022 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $309.41, for a total transaction of $935,037.02. Following the sale, the chief financial officer directly owned 32,438 shares in the company, valued at approximately $10,036,641.58. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jennifer Piepszak sold 4,919 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total transaction of $1,522,036.98. Following the completion of the sale, the chief operating officer directly owned 85,082 shares in the company, valued at approximately $26,326,072.44. This trade represents a 5.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 18,876 shares of company stock worth $5,907,051. Company insiders own 0.41% of the company’s stock.
JPMorgan Chase & Co. Profile (Free Report)
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.
Featured Articles Five stocks we like better than JPMorgan Chase & Co. Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24
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JPMorgan Chase(JPM +0.95%) CEO Jamie Dimon recently gave a provocative interview with a CNBC podcast. On Monday, Dimon effectively said that he wouldn't buy most stocks right now at today's high valuations.
Even if Dimon is somewhat bearish on the stock market, that doesn't mean everyday investors should be. For one thing, Jamie Dimon is a billionaire, and he's getting closer to retirement; his investment goals and time horizon are probably a lot different from yours. And perhaps even more important: No one knows how to time the market, not even the CEOs of major banks.
Even if you share Dimon's concerns that some stock valuations are too high, that doesn't mean you should stop investing. Let's look at three exchange-traded funds (ETFs) that might be good choices for non-billionaire, long-term investors.
Jamie Dimon, JPMorgan Chase CEO. Image source: JP Morgan Chase.
Vanguard Total Stock Market ETF (VTI): 3,531 stocks, 25 years of 9.48% annualized returns Even if valuations are high, it's almost always a good idea for long-term investors to keep buying a broadly diversified stock market index fund like the Vanguard Total Stock Market ETF (VTI -0.01%). This Vanguard ETF holds a portfolio of 3,531 U.S. stocks of companies of all sizes (large cap, mid cap, and small cap) and charges an ultralow expense ratio of 0.03%.
In the past 25 years since this fund's inception in May 2001, it's delivered average annual returns of 9.48%. More recently it's done even better, with annualized returns of 15.04% in the past 10 years and 12.24% in the past five years.
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Just like the S&P 500 index, this index fund has grown a bit top heavy with tech stocks. The top-10 stock holdings in the Vanguard Total Stock Market ETF are all major tech names, and the portfolio's largest sector weighting is in technology (41% of the fund), while industrials (12.5%) and consumer discretionary (12.3%) rank a distant second and third.
But index funds like VTI don't just keep holding the same stocks forever. They constantly adjust their holdings based on which stocks are gaining or falling. Even if some stocks in the index are overpriced and go through a downturn, investors might rotate into other stocks and sectors.
Schwab U.S. Dividend Equity ETF (SCHD): 103 stocks, 14 years of 13.09% annualized returns If you're worried about high valuations of tech stocks and want to make a play for a specific category of stocks, another option could be to buy dividend ETFs. These tend to hold value stocks that are less tied to the AI trade. If you're worried about tech stock valuations, buying a less tech-heavy fund could be a good choice.
The Schwab U.S. Dividend Equity ETF (SCHD +1.40%) is one of the best dividend index funds. It holds 103 stocks selected for their fundamental strength and charges a low expense ratio of 0.06%. For the past 14 years since this ETF was established in October 2011, it has delivered average annual returns of 13.09%. It's done even better in the past year with a 24.08% annual return.
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This fund is not tech heavy. The information technology sector makes up only 9.23% of the fund's portfolio. The top sectors are healthcare (20.7% of the fund), consumer staples (20.4%), and energy (14.1%). The fund's largest stock holdings are healthcare and pharmaceutical stocks like Abbott Laboratories (4.5% of the fund), UnitedHealth Group (4.5%), and Merck (4.4%).
This dividend ETF pays great dividends, with a trailing-12-month yield of 3.30%. And this fund might still be undervalued. Its price-to-earnings (P/E) ratio is 19, which is about a 25% discount compared to the S&P 500 index's multiple of 25.5.
Vanguard International High Dividend Yield ETF (VYMI): 1,565 stocks, 3 years of 21.1% annualized returns Want to diversify even further away from the (possibly overvalued) artificial intelligence (AI)-driven tech trade? Consider buying international stocks. The Vanguard International High Dividend Yield ETF (VYMI +0.66%) holds 1,565 stocks from 45 countries. This global dividend ETF has been on a hot streak of strong performance lately, with average annual returns of 21.11% in the past three years and about 27.5% in the past year.
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This dividend ETF owns stocks of consistently profitable, financially strong companies in developed markets beyond the U.S. The fund's top holdings include global banks like HSBC Holdings and Royal Bank of Canada, and pharma giants like Novartis and Roche Holding. The Vanguard International High Dividend Yield ETF has paid a trailing-12-month dividend yield of 3.68% and might also be cheap compared to the S&P 500. This global ETF's P/E ratio is only 14.6.
Why buy VTI, SCHD or VYMI... or just keep investing? No one knows for certain what the future holds for stocks. Sometimes stocks go through volatility or bear markets, but they tend to recover and deliver strong returns for investors in the long run. Just continuing to buy and hold a broadly diversified index fund like the Vanguard Total Stock Market ETF is often a solid move for long-term investors.
Or if you want to try to diversify away from highly valued tech stocks and the AI trade, you could consider a dividend index fund like the Schwab U.S. Dividend Equity ETF or the Vanguard International High Dividend Yield ETF.
Procter & Gamble (PG +1.05%) makes relatively inexpensive products that consumers buy regularly. Moreover, the products it sells, like toothpaste and toilet paper, are necessities. Overall, this consumer staples giant has a very reliable business. But it is still facing notable headwinds right now that could make the company's July 29 earnings release a relatively tough read. Here's what you need to know.
Procter & Gamble warned you ahead of time When P&G reported fiscal third-quarter results roughly three months ago, its sales rose 7%, and its organic sales jumped 3%. Those are solid figures in the consumer staples space, a sector traditionally known for slow, steady growth. Management maintained its full-year guidance on both metrics, with overall sales expected to rise between 1% and 4%, and organic sales to be flat to up 4%.
Image source: Getty Images.
What was notable was CEO Shailesh Jejurikar's comment that the company was dealing with a "challenging geopolitical and economic environment." Regarding guidance, the consumer staples giant highlighted higher commodity costs and tariffs, as well as the impact of higher interest rates. While the company didn't change its earnings guidance range, it stated that "Given these factors, P&G now expects fiscal 2026 EPS results to be toward the lower-end of the guidance range."
P&G's stock price is down 7% over the past year, while the S&P 500 index (^GSPC +0.05%) is up 16%. That's notable underperformance. Investors are clearly worried that a strained consumer is pulling back. P&G's focus on consumer products like toothpaste saves it from having to deal with today's changing consumer food preferences, but it can't avoid the impact of budget tightening. In fact, P&G's products tend to be on the premium side, so it can be more exposed than many of its peers when consumers trade down to lower-priced offerings.
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Not the end of the world for Procter & Gamble Even if P&G's full-year 2026 results hit the low end of its guidance range, that is clearly not what Wall Street was hoping for at the start of the fiscal year. But investors are likely to focus more on the future than the past, examining fiscal 2027 guidance. Given the trends so far in fiscal 2026 and the market management overview provided in the fiscal third quarter, it seems likely that fiscal 2027 guidance will be conservative.
While conservative is clearly appropriate, it probably won't assuage Wall Street's concerns about the business. And that could lead to continued share price weakness. Investors may want to hold off on buying the stock until they read the full-year update and the outlook for fiscal 2027. That said, if you think long-term, this Dividend King (it has increased its dividend annually for nearly 70 years) consumer staples giant's 2.9% dividend yield is near its highest levels in the past five years. A further decline in the stock price would just make this reliable dividend stock more attractive for conservative, long-term income investors. Keep it on your wish list.
Fifth Third Bancorp grew its holdings in shares of Zoom Communications, Inc. (NASDAQ: ZM) by 762.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,727 shares of the company's stock after buying an additional 11,251 shares during
Hyperliquid [HYPE] has historically deployed deflationary mechanisms to control supply and absorb market pressure. The project has mostly used the protocol’s revenue for token buybacks and burns to achieve these goals.
Hyperliquid burns $1.2 million worth of HYPE With HYPE prolonging its stay below $60, the project once again used its revenue to reduce inflation. Since August 2025, the Hyperliquid network has generated $800 million in net income, with HyperCore accounting for 95% of the income.
Interestingly, most of the funds generated have been spent on token buybacks. Out of the $1.03 billion generated, $1.01 billion has been used for buybacks and burns.
Source: Hyperscreener Over the past day, for example, Hyperliquid generated $1.4 million in fees and burned 20.64K HYPE worth $1.2 million. However, despite the buyback and burns, the capital spent here has plummeted significantly, falling 61%.
With the recent burn, Hyperliquid has burned 4.73% of the token’s supply according to Onchain Lens. This also marks over 15% of the currently circulating supply.
The sustained capital deployment toward deflationary measures has gone a long way toward stabilizing the HYPE token. As a result, HYPE has remained strong even during a prolonged period of broader market weakness.
Is actual demand incentivized, though? Sustained capital deployment to ease pressure has significantly played a major role in boosting investor confidence. As a result, buyers have continued to pile in even during pullbacks.
On the Spot side, for example, the Netflow has remained positive for two consecutive weeks. As of this writing, Netflow was -$598k, a significant drop from -$3.2 million the previous day, reflecting strong buying pressure.
Source: CoinGlass Historically, sustained exchange outflows have preceded major price moves, especially to the upside.
The momentum remains weak Although the demand currently holds strong, it remains insufficient to flip the trend bullish. In fact, when we look at the RSI Momentum Trend, this indicator sits above the market price.
Such a setup usually suggests that sellers still have significant control of the market. As such, the indicator now acts as dynamic resistance.
Source: TradingView The Squeeze Momentum Indicator also currently sits below zero, at around -7.69, further confirming the trend’s weakness. However, the price remains on an upward trajectory; it must flip the RSI Momentum Trend to signal a reversal.
This means Hyperliquid needs a daily close above $60 to strengthen the uptrend. Failure to do so will increase downside risk, and HYPE will pull back toward $56 again.
Final Summary Hyperliquid generated $1.4 million in fees and burned 20.64K HYPE worth $1.2 million. HYPE’s momentum remains strong despite recovering demand, but a daily close above $60 will signal a trend reversal.
Hyperliquid’s native token HYPE posted another daily gain, trading at $58.80 after rising 2.25% in the past 24 hours. The token’s daily trading volume reached $325.50 million, while its market capitalization grew to $14.86 billion, representing 0.67% of the total crypto market.
Analyst Sees Ascending Trendline as Turning PointCryptocurrency analyst Cryptorphic drew attention to the ongoing test of an ascending trendline that HYPE has maintained during its latest rally. The analyst identified the trendline as a critical technical marker, explaining that the market remains in consolidation after pulling back from recent highs, with price action holding firmly above this support.
Momentum along the trendline suggests that HYPE could revisit $70 to $74 if buying activity strengthens. A breakthrough in this area may reinforce bullish market sentiment.
The analyst’s outlook remains positive, citing the sustained adherence to the upward trendline and the possibility of renewed upside should market participation increase.
Focus on the $50 to $55 Support ZoneThe $50 to $55 price range has emerged as the most significant support for HYPE. So far, the price has held above this level, which analysts view as evidence that buyers continue to maintain control following the recent correction.
Should the token fall below $50, some analysts believe this could undermine the current bullish structure and potentially trigger deeper declines before any recovery attempt. Conversely, holding above support may keep upward momentum intact.
Looking beyond the near-term resistance, projections indicate that HYPE could target $100 if current user activity levels are maintained. Cryptorphic noted that further increases in buying momentum could set the stage for the price to advance toward $120 in the longer run. However, these targets would require the token to break through resistance in the $70 to $74 range and maintain support at new highs.
Key LevelPrice RangeMarket OutlookMain Support$50–$55Bullish if held, bearish belowImmediate Resistance$70–$74Requires breakout for upsideMid-term Target$100Depends on sustained activityLong-term Target$120Possible with extended bullish momentumHyperliquid’s Growth and Market ImpactHyperliquid has quickly established itself as a leading decentralized perpetual trading platform, attracting a surge in network activity and attention from traders. Strong trading volumes and a growing market value have cemented its native HYPE token’s importance within the digital asset sector.
Mini dictionary: Hyperliquid, launched in 2023, is a decentralized platform specializing in perpetual contracts, enabling users to trade derivatives peer-to-peer without intermediaries. Its protocol supports high-speed, low-fee transactions designed for professional and retail traders alike.
For now, HYPE’s price remains above its essential support area, keeping the bullish trend intact. Buyers will need to push the token past the $70 to $74 resistance for a clear path to $100, with a potential further climb to $120 if the optimism endures.
The price action around $50 to $55 will be decisive for HYPE’s next major trend. A solid close above this level may confirm ongoing buyer dominance following recent market corrections.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Israeli Prime Minister: This visit to the US aims to understand the US President’s views on the Iran issue.
Israeli Prime Minister Benjamin Netanyahu said in an interview that the conflict between Israel and Iran will only end when Iran’s current regime is overthrown or so weakened that it is forced to abandon its nuclear program. He emphasized that Iran’s nuclear program must be terminated "regardless of whether an agreement is reached". When discussing the planned meeting with U.S. President Donald Trump, Netanyahu noted that the meeting will not focus on delivering new intelligence, as the military and intelligence agencies of the U.S. and Israel are already in close cooperation. He stated that the purpose of the trip is to discuss with Trump and understand his thinking, adding that the development of the situation largely depends on Trump’s final decision. In addition, Netanyahu also commented on the U.S.-Saudi nuclear deal. He expressed agreement with Trump’s stance that "Saudi Arabia can only access a civilian nuclear deal", and stressed that both Israel and the U.S. will never allow Saudi Arabia to possess a military nuclear program. Netanyahu also said he will "definitely" attend the United Nations General Assembly to be held in New York in September. (CCTV News)
49 minutes ago
Lido Responds to stETH Yield Calculation Anomaly: Issue Fixed, Oracle Upgraded, User Funds Unaffected.
Ethereum staking protocol Lido stated on X that today’s stETH rebase has been completed as expected, with ETH rewards omitted yesterday due to calculation gaps now fully restored. The corresponding annual percentage rate (APR) stands at approximately 2.29%. The protocol’s oracle has also been updated and audited; the new version will boost report processing speed and enable faster root cause identification for similar future issues. Regarding yesterday’s reward calculation anomaly, Lido said contributors are still conducting root cause analysis, with additional investigation details to be shared on its official forum and social media channels. User funds were never at risk throughout the entire incident. The initial assessment points to a special edge case as the likely cause: a validator in pending deposit status was omitted from yesterday’s reward report, resulting in some staking rewards not being included in calculations. Lido noted that a full incident post-mortem report will be released in the coming days to further detail the root cause, remediation measures, and subsequent improvement plans.
49 minutes ago
On Robinhood Chain, on-chain speculation remains active, with multiple tokens hitting new market cap highs today.
According to GMGN market data, hype on Robinhood Chain remains active, with multiple tokens hitting new all-time highs (ATH) in market capitalization today. Among them: PONS, the largest token issuance platform on Robinhood Chain by market cap, briefly exceeded $56 million, and is now trading at $52.47 million, marking a new ATH with a 24-hour gain of 31.88%. BRODIE, a meme token in the PONS ecosystem, broke through $6 million in market cap, also hitting a new ATH, with a 24-hour surge of 151.7%. STONKBROKER, an RWA + meme project token, surpassed $15 million in market cap, also hitting a new ATH, with a 24-hour increase of 29.61%. BlockBeats reminds users that related tokens are highly volatile, so investors should exercise caution.
49 minutes ago
Founder of Mango Labs: Has gone long on Changxin Technology, calling it a rare 1:5 leverage trading opportunity.
Mango Labs founder @dov_wo shared his market views, noting he has gone long on Changxin Technology, calling it a rare 1:5 risk-reward opportunity with a 20% downside and 100% upside, a 5-to-1 payout. @dov_wo outlined his bullish thesis as follows: low float ratio, regulatory tailwinds, and institutional optimism for its investment opportunity at a market cap below $3 trillion. He advised on the strategy: if Changxin gaps up tomorrow, close the position to lock in profits directly; if it gaps down then rallies, wait patiently and wrap up the trade within 3 days.
49 minutes ago
WEMIX confirms security incident: Contract ownership may have been compromised, reminds users to exercise caution when trading
The WEMIX team has issued an announcement stating it is urgently investigating a potential security incident involving the WEMIX 3.0 network. Signs have emerged indicating that the network’s contract ownership may have been compromised. The relevant team is verifying the facts and assessing the incident’s impact scope, and will release investigation findings and follow-up response measures promptly as the probe progresses. Ahead of further official updates, WEMIX is reminding users to exercise caution with unconfirmed information and remain highly vigilant when trading or investing in related assets.
49 minutes ago
OpenAI's CEO will travel to Washington in person to push for expedited approval of its new AI model, possibly GPT-6.
OpenAI CEO Sam Altman will visit Washington next week to showcase the company’s most powerful AI model to the White House and push for its rapid approval. The model previously infiltrated Hugging Face. Reports note the new model has long-term planning capabilities, can independently complete original scientific research, and supports agent groups to collaborate on complex tasks including legal and financial matters. Though the report does not specify whether the new model is GPT-6, analyst Chubby believes Altman’s trip is to prepare for the launch of GPT-6. (Axios)
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Aristotle Atlantic Partners LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 2.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 82,257 shares of the home improvement retailer’s stock after acquiring an additional 1,779 shares during the quarter. Home Depot comprises about 1.3% of Aristotle Atlantic Partners LLC’s portfolio, making the stock its 26th largest holding. Aristotle Atlantic Partners LLC’s holdings in Home Depot were worth $27,054,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of HD. Curio Wealth LLC increased its holdings in shares of Home Depot by 13.5% in the fourth quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock worth $76,000 after purchasing an additional 26 shares during the last quarter. Westfuller Advisors LLC boosted its stake in Home Depot by 2.1% during the fourth quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer’s stock valued at $456,000 after buying an additional 27 shares during the last quarter. Darwin Wealth Management LLC boosted its stake in Home Depot by 0.5% during the fourth quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer’s stock valued at $1,703,000 after buying an additional 27 shares during the last quarter. Alesco Advisors LLC increased its stake in Home Depot by 3.2% in the 4th quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer’s stock worth $298,000 after acquiring an additional 27 shares during the last quarter. Finally, Canandaigua National Trust Co of Florida increased its stake in Home Depot by 1.3% in the 4th quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer’s stock worth $749,000 after acquiring an additional 27 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.
Home Depot Trading Up 2.5% HD stock opened at $332.86 on Friday. The company has a market capitalization of $331.91 billion, a PE ratio of 23.64, a P/E/G ratio of 3.84 and a beta of 0.95. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The firm’s 50-day moving average is $329.52 and its 200 day moving average is $344.73. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28.
Home Depot (NYSE:HD – Get Free Report) last announced its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The firm had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.
Home Depot Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a $2.33 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot’s payout ratio is 66.19%.
Analyst Ratings Changes HD has been the topic of a number of research reports. DA Davidson reduced their target price on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Wall Street Zen raised Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. BNP Paribas Exane decreased their price target on Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. Sanford C. Bernstein restated a “market perform” rating and issued a $346.00 price target on shares of Home Depot in a research report on Wednesday, May 20th. Finally, Telsey Advisory Group cut their price objective on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $371.71.
Get Our Latest Stock Report on Home Depot
Home Depot Company Profile (Free Report)
The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.
Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.
See Also Five stocks we like better than Home Depot Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24
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Cincinnati Financial (CINF +1.91%) has done something that few companies have: it has increased its dividend for 65 consecutive years. There are only seven companies ahead of it on the Dividend King list. However, is a long streak of dividend increases enough to make the stock a buy? Here's what you need to know before you jump aboard this Dividend King.
Cincinnati Financial's business is pretty boring Cincinnati Financial is a property and casualty insurer. From that perspective, there's nothing particularly exciting about the company. It makes money just like other insurance companies, through a mix of premiums and investment income from its float.
Image source: Getty Images.
However, there's an interesting twist here that you need to understand. Cincinnati Financial tends to be a little more aggressive than its peers with its investment portfolio. The company has far more equity exposure than its peers, which focus primarily on owning bonds. At the end of the first quarter of 2026, the company had $32 billion in total investments, with equities accounting for nearly 40% of the total. Most insurance companies are more affected by interest rates than by stock prices, but Cincinnati Financial's profile is dramatically different, given its outsize equity exposure.
Cincinnati Financial has done very well, but... Given Cincinnati Financial's status as a Dividend King, its aggressive investment approach has worked well for the company and shareholders. But investors need to tread with a little caution, given the increased importance of equity performance to the company's business model. Right now, the S&P 500 index (^GSPC +0.05%) is trading near all-time highs, and so is Cincinnati Financial.
Today's Change
(
1.91
%) $
3.43
Current Price
$
182.81
To be fair, the stock's roughly 10x price-to-earnings ratio is in line with its five-year average and, notably, slightly below the industry average of just under 12x. It wouldn't be fair to suggest the stock is expensive, but neither does it look particularly cheap. Notably, the 2% dividend yield is near the lowest levels of the past decade.
Look out if there's a bear market Still, if you are a long-term investor, you should probably keep Cincinnati Financial on your wish list right now. A bear market would likely have a disproportionately negative impact on the stock compared to its peers, where bonds are a greater focus in their investment portfolios. However, if you can be patient, Cincinnati Financial's long-term dividend track record suggests that a bear market could be a good time to take a contrarian stance and buy the stock. When cooler heads prevail and the market eventually recovers, as it has after every bear market so far, Cincinnati Financial is likely to recover along with it.
Cetera Investment Advisers increased its position in Intel Corporation (NASDAQ:INTC – Free Report) by 4.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,068,716 shares of the chip maker’s stock after buying an additional 42,342 shares during the period. Cetera Investment Advisers’ holdings in Intel were worth $47,162,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. Lavaca Capital LLC increased its stake in shares of Intel by 208.6% during the 1st quarter. Lavaca Capital LLC now owns 15,488 shares of the chip maker’s stock worth $683,000 after purchasing an additional 10,469 shares during the last quarter. Militia Capital Management LLC acquired a new stake in shares of Intel in the 1st quarter valued at $1,981,000. First Citizens Bank & Trust Co. boosted its holdings in Intel by 19.8% in the first quarter. First Citizens Bank & Trust Co. now owns 50,853 shares of the chip maker’s stock worth $2,244,000 after purchasing an additional 8,400 shares in the last quarter. Westpac Banking Corp boosted its holdings in Intel by 47.0% in the first quarter. Westpac Banking Corp now owns 80,230 shares of the chip maker’s stock worth $3,541,000 after purchasing an additional 25,665 shares in the last quarter. Finally, First Wilshire Securities Management Inc. acquired a new position in Intel during the first quarter worth $221,000. Institutional investors own 64.53% of the company’s stock.
Insider Buying and Selling In other news, EVP Boise April Miller sold 40,256 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the completion of the transaction, the executive vice president directly owned 105,077 shares in the company, valued at $10,458,313.81. The trade was a 27.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is currently owned by corporate insiders.
Intel News Summary Here are the key news stories impacting Intel this week:
Positive Sentiment: Intel beat Q2 expectations with EPS of $0.42 versus $0.21 expected and revenue of $16.13 billion versus $14.43 billion, marking its fastest revenue growth in more than 15 years. Reuters article Positive Sentiment: Intel’s Q3 guidance topped estimates, signaling management sees continued momentum from AI-related server-chip demand and improving foundry execution. CNBC article Positive Sentiment: Analysts and media coverage highlighted stronger data-center and AI demand, along with early progress in Intel’s foundry business and 18A manufacturing roadmap. MarketWatch/Fool article Wall Street Analyst Weigh In Several equities analysts have weighed in on INTC shares. Bank of America raised their target price on Intel from $135.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Wells Fargo & Company increased their price objective on Intel from $110.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday. Jefferies Financial Group started coverage on Intel in a research note on Thursday, June 11th. They issued a “buy” rating on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Intel in a report on Tuesday. Finally, Melius Research set a $150.00 target price on Intel in a report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-nine have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $107.67.
View Our Latest Research Report on INTC
Intel Trading Down 7.9% Shares of NASDAQ:INTC opened at $92.32 on Friday. The company has a market cap of $464.00 billion, a P/E ratio of -43.75 and a beta of 2.18. The stock’s 50-day moving average is $115.84 and its 200-day moving average is $78.07. Intel Corporation has a 52-week low of $18.97 and a 52-week high of $142.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.31.
Intel (NASDAQ:INTC – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.21. Intel had a positive return on equity of 2.52% and a negative net margin of 19.79%.The business had revenue of $16.13 billion during the quarter, compared to analysts’ expectations of $14.43 billion. During the same quarter in the previous year, the firm earned ($0.10) EPS. The firm’s revenue was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Equities research analysts predict that Intel Corporation will post 0.65 earnings per share for the current year.
About Intel (Free Report)
Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.
Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.
Featured Stories Five stocks we like better than Intel Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC – Free Report).
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« PREVIOUS HEADLINESandisk (NASDAQ:SNDK) Trading Down 10.8% – Here’s What Happened
Ashe Capital Management LP lessened its holdings in shares of Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 5.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,647,738 shares of the software maker’s stock after selling 102,502 shares during the quarter. Shopify accounts for approximately 24.5% of Ashe Capital Management LP’s portfolio, making the stock its largest position. Ashe Capital Management LP owned about 0.13% of Shopify worth $195,455,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Shopify in the 4th quarter valued at about $2,611,797,000. Sands Capital Management LLC lifted its holdings in shares of Shopify by 37.0% in the fourth quarter. Sands Capital Management LLC now owns 9,506,036 shares of the software maker’s stock valued at $1,530,187,000 after purchasing an additional 2,568,765 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Shopify by 9.8% in the fourth quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker’s stock valued at $2,257,796,000 after purchasing an additional 1,252,074 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Shopify by 7,207.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,148,259 shares of the software maker’s stock valued at $184,883,000 after buying an additional 1,132,545 shares during the last quarter. Finally, Select Equity Group L.P. boosted its position in shares of Shopify by 92.5% during the second quarter. Select Equity Group L.P. now owns 2,246,473 shares of the software maker’s stock valued at $259,124,000 after buying an additional 1,079,494 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.
Shopify Trading Up 1.6% Shares of SHOP opened at $113.75 on Friday. Shopify Inc. has a 12-month low of $94.00 and a 12-month high of $182.19. The company has a market cap of $147.61 billion, a PE ratio of 112.62, a price-to-earnings-growth ratio of 2.45 and a beta of 2.58. The stock has a 50-day moving average price of $114.39 and a 200-day moving average price of $122.13.
Wall Street Analysts Forecast Growth A number of equities research analysts recently commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $180.00 price target on shares of Shopify in a research report on Tuesday, May 5th. UBS Group reaffirmed a “neutral” rating on shares of Shopify in a report on Thursday, May 28th. Piper Sandler reiterated an “overweight” rating and issued a $150.00 target price (down from $165.00) on shares of Shopify in a research note on Tuesday, May 5th. Rothschild & Co Redburn set a $130.00 price target on shares of Shopify and gave the company a “neutral” rating in a research report on Tuesday. Finally, Barclays set a $126.00 price target on Shopify and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $157.69.
Read Our Latest Analysis on SHOP
Key Shopify News Here are the key news stories impacting Shopify this week:
Positive Sentiment: Citigroup lowered its price target on Shopify to $150 from $156 but kept a Buy rating, implying meaningful upside from current levels. Benzinga Positive Sentiment: Several analyst-focused articles highlighted Shopify as a buy and pointed to roughly 28% upside based on consensus price targets, which can support sentiment around the stock. Wall Street Analysts See Shopify (SHOP) as a Buy: Should You Invest? Positive Sentiment: Growth-oriented coverage continued to argue that Shopify’s strong fundamentals and growth profile could make it attractive for long-term investors. 3 Reasons Why Growth Investors Shouldn’t Overlook Shopify (SHOP) Neutral Sentiment: Reports about Shopify merchants processing record GMV and the broader merchant ecosystem underscore platform momentum, but they were more of an industry/operating backdrop than a direct stock-moving announcement. DSCP Smart Fulfillment Addresses Critical Gap as Shopify Merchants Process Record $378 Billion in Annual Sales Negative Sentiment: Rothschild & Co Redburn cut Shopify to Hold, a downgrade that likely pressured the shares and signaled more caution on the stock’s near-term upside. Shopify (NASDAQ:SHOP) Cut to “Hold” at Rothschild & Co Redburn About Shopify (Free Report)
Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.
Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.
See Also Five stocks we like better than Shopify Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding SHOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP).
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Bank of Nova Scotia lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 51.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,659 shares of the home improvement retailer’s stock after selling 87,817 shares during the quarter. Bank of Nova Scotia’s holdings in Lowe’s Companies were worth $19,767,000 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 stock. Swiss RE Ltd. purchased a new position in shares of Lowe’s Companies during the 4th quarter valued at $25,000. Wilkerson Advisory Group LLC purchased a new stake in Lowe’s Companies in the 4th quarter worth $27,000. OLD Second National Bank of Aurora increased its stake in Lowe’s Companies by 52.5% in the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 42 shares in the last quarter. Sankala Group LLC bought a new stake in Lowe’s Companies during the fourth quarter valued at about $33,000. Finally, Triumph Capital Management bought a new stake in Lowe’s Companies during the third quarter valued at about $34,000. Institutional investors own 74.06% of the company’s stock.
Lowe’s Companies Trading Up 2.7% Shares of LOW stock opened at $207.35 on Friday. The stock has a market capitalization of $116.26 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 2.62 and a beta of 0.86. Lowe’s Companies, Inc. has a 12-month low of $199.40 and a 12-month high of $293.06. The stock’s 50-day moving average price is $215.22 and its 200-day moving average price is $240.22.
Lowe’s Companies (NYSE:LOW – Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. The company had revenue of $23.08 billion during the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The firm’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, research analysts predict that Lowe’s Companies, Inc. will post 12.48 EPS for the current fiscal year.
Lowe’s Companies Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s dividend payout ratio is currently 42.27%.
Wall Street Analysts Forecast Growth A number of equities analysts have recently weighed in on the company. TD Cowen dropped their price objective on Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating for the company in a research note on Thursday, May 21st. Sanford C. Bernstein decreased their target price on Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Benchmark assumed coverage on Lowe’s Companies in a report on Tuesday, May 12th. They issued a “hold” rating on the stock. HSBC dropped their price target on Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating for the company in a research note on Thursday, May 21st. Finally, Wolfe Research set a $254.00 price objective on shares of Lowe’s Companies in a report on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $264.57.
View Our Latest Analysis on LOW
Insider Activity at Lowe’s Companies In related news, EVP Margrethe R. Vagell sold 2,500 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $223.83, for a total value of $559,575.00. Following the sale, the executive vice president owned 20,220 shares in the company, valued at approximately $4,525,842.60. The trade was a 11.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Janice Dupre sold 14,150 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the sale, the executive vice president directly owned 39,785 shares in the company, valued at approximately $8,828,291.50. The trade was a 26.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is owned by corporate insiders.
About Lowe’s Companies (Free Report)
Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.
Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.
Further Reading Five stocks we like better than Lowe’s Companies Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24
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Bank of Nova Scotia cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 19.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,706 shares of the insurance provider’s stock after selling 19,217 shares during the quarter. Bank of Nova Scotia’s holdings in Travelers Companies were worth $22,666,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in TRV. Sei Investments Co. boosted its position in shares of Travelers Companies by 8.2% during the 1st quarter. Sei Investments Co. now owns 173,964 shares of the insurance provider’s stock worth $50,746,000 after acquiring an additional 13,126 shares in the last quarter. MWA Asset Management increased its stake in Travelers Companies by 8.8% in the first quarter. MWA Asset Management now owns 4,374 shares of the insurance provider’s stock valued at $1,277,000 after purchasing an additional 352 shares during the last quarter. Lido Advisors LLC raised its holdings in Travelers Companies by 9.4% during the first quarter. Lido Advisors LLC now owns 17,324 shares of the insurance provider’s stock worth $5,054,000 after purchasing an additional 1,484 shares in the last quarter. State of Wyoming raised its holdings in Travelers Companies by 42.7% during the first quarter. State of Wyoming now owns 2,185 shares of the insurance provider’s stock worth $637,000 after purchasing an additional 654 shares in the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new stake in shares of Travelers Companies during the 1st quarter worth approximately $228,000. Institutional investors and hedge funds own 82.45% of the company’s stock.
Insider Buying and Selling at Travelers Companies In other news, Vice Chairman William H. Heyman sold 1,557 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total transaction of $483,666.48. Following the transaction, the insider directly owned 259,590 shares in the company, valued at $80,639,037.60. The trade was a 0.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Avrohom J. Kess sold 6,735 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the transaction, the insider directly owned 48,737 shares of the company’s stock, valued at $15,049,010.86. This represents a 12.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 18,292 shares of company stock valued at $5,639,800. 1.39% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades TRV has been the topic of a number of recent analyst reports. HSBC increased their target price on shares of Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Cantor Fitzgerald upped their price objective on shares of Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Bank of America raised their price objective on Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a report on Monday, July 20th. Wells Fargo & Company lifted their target price on Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Finally, UBS Group boosted their target price on Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $354.26.
Check Out Our Latest Stock Report on Travelers Companies
Key Stories Impacting Travelers Companies Here are the key news stories impacting Travelers Companies this week:
Positive Sentiment: Analyst coverage remained constructive, with Morgan Stanley and other firms highlighting potential upside, while a recent Zacks note said Travelers’ shares hit a 52-week high and questioned whether the run can continue. Morgan Stanley Forecasts Strong Price Appreciation for Travelers Companies (NYSE:TRV) Stock The Travelers Companies, Inc. (TRV) Hit a 52 Week High, Can the Run Continue? Positive Sentiment: AM Best assigned an “a+” issue credit rating with a stable outlook to Travelers’ new $750 million senior unsecured notes, signaling confidence in the company’s credit quality and access to capital. AM Best Assigns Issue Credit Rating to The Travelers Companies, Inc. New Senior Unsecured Notes Positive Sentiment: Travelers priced $750 million of 4.95% senior notes due 2031, which adds funding for general corporate purposes and appears manageable given the company’s strong balance sheet. Travelers Companies Prices $750 Million Senior Notes Offering Neutral Sentiment: Mizuho raised its price target to $343 from $324 but kept a neutral rating, suggesting the stock may have already moved ahead of near-term fundamentals. Mizuho price target update Negative Sentiment: Reports that several top Travelers executives sold company stock could weigh on sentiment, even if the transactions were routine. Top Travelers Executives Quietly Unload Millions in Company Stock Negative Sentiment: Deutsche Bank and UBS both reiterated hold-type views, reinforcing that some analysts see limited upside after the recent rally. Deutsche Bank Sticks to Its Hold Rating for Travelers Companies (TRV) UBS Releases a Hold Rating on Travelers Companies (TRV) Travelers Companies Stock Performance Shares of TRV stock opened at $387.42 on Friday. The stock has a market capitalization of $80.80 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 3.87 and a beta of 0.46. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $389.11. The stock’s 50-day moving average price is $322.06 and its 200 day moving average price is $304.48. The company has a quick ratio of 0.35, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.
Travelers Companies (NYSE:TRV – Get Free Report) last posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The company had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the firm earned $6.51 EPS. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 32.49 EPS for the current year.
Travelers Companies Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.
About Travelers Companies (Free Report)
The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.
On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.
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Assetmark Inc. reduced its position in shares of Electronic Arts Inc. (NASDAQ:EA – Free Report) by 67.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,868 shares of the game software company’s stock after selling 9,976 shares during the period. Assetmark Inc.’s holdings in Electronic Arts were worth $992,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Optas LLC boosted its holdings in Electronic Arts by 4.2% in the 1st quarter. Optas LLC now owns 1,332 shares of the game software company’s stock valued at $272,000 after purchasing an additional 54 shares in the last quarter. Salomon & Ludwin LLC grew its holdings in Electronic Arts by 32.8% during the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after acquiring an additional 57 shares during the period. Macroview Investment Management LLC grew its holdings in Electronic Arts by 6.2% during the fourth quarter. Macroview Investment Management LLC now owns 1,065 shares of the game software company’s stock worth $218,000 after acquiring an additional 62 shares during the period. Candriam S.C.A. raised its position in Electronic Arts by 0.3% in the first quarter. Candriam S.C.A. now owns 24,685 shares of the game software company’s stock worth $5,033,000 after acquiring an additional 65 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Electronic Arts by 8.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 931 shares of the game software company’s stock worth $190,000 after acquiring an additional 69 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.
Electronic Arts Trading Up 0.0% Shares of EA stock opened at $209.08 on Friday. The stock has a market cap of $52.43 billion, a P/E ratio of 59.91, a P/E/G ratio of 2.34 and a beta of 0.64. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. Electronic Arts Inc. has a fifty-two week low of $146.97 and a fifty-two week high of $209.34. The business has a fifty day simple moving average of $204.25 and a 200-day simple moving average of $202.80.
Electronic Arts Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, May 27th. Electronic Arts’s dividend payout ratio (DPR) is 21.78%.
Insider Activity In other Electronic Arts news, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total transaction of $302,040.00. Following the completion of the transaction, the chief financial officer owned 25,991 shares in the company, valued at approximately $5,233,547.76. The trade was a 5.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jacob J. Schatz sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $201.19, for a total transaction of $1,005,950.00. Following the completion of the sale, the executive vice president owned 42,287 shares in the company, valued at $8,507,721.53. This represents a 10.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 31,206 shares of company stock worth $6,292,058 in the last three months. Company insiders own 0.24% of the company’s stock.
Analyst Ratings Changes Several equities research analysts have commented on the stock. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Citigroup increased their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Zacks Research cut shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Two equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Electronic Arts has a consensus rating of “Hold” and a consensus price target of $196.64.
Get Our Latest Stock Analysis on EA
About Electronic Arts (Free Report)
Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.
EA’s product lineup spans several well-known franchises and genres.
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Cetera Investment Advisers raised its stake in Phillips 66 (NYSE:PSX – Free Report) by 8.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 258,194 shares of the oil and gas company’s stock after purchasing an additional 20,322 shares during the quarter. Cetera Investment Advisers owned 0.06% of Phillips 66 worth $47,038,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of PSX. Norges Bank purchased a new stake in Phillips 66 in the 4th quarter valued at $640,206,000. M&T Bank Corp boosted its holdings in Phillips 66 by 462.9% during the 4th quarter. M&T Bank Corp now owns 2,727,888 shares of the oil and gas company’s stock worth $352,007,000 after acquiring an additional 2,243,268 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Phillips 66 by 424.7% during the 3rd quarter. AQR Capital Management LLC now owns 1,893,195 shares of the oil and gas company’s stock worth $257,512,000 after acquiring an additional 1,532,389 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new position in Phillips 66 during the 2nd quarter worth $107,967,000. Finally, NewEdge Advisors LLC grew its stake in shares of Phillips 66 by 732.0% in the 4th quarter. NewEdge Advisors LLC now owns 996,955 shares of the oil and gas company’s stock worth $128,647,000 after acquiring an additional 877,131 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.
Insider Buying and Selling In other news, CFO Kevin J. Mitchell sold 29,400 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $170.00, for a total transaction of $4,998,000.00. Following the completion of the sale, the chief financial officer owned 97,376 shares in the company, valued at $16,553,920. This trade represents a 23.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kevin Omar Meyers purchased 175 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was bought at an average cost of $173.12 per share, for a total transaction of $30,296.00. Following the acquisition, the director directly owned 16,799 shares in the company, valued at $2,908,242.88. This trade represents a 1.05% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 41,021 shares of company stock valued at $7,195,257 over the last three months. Insiders own 0.40% of the company’s stock.
Phillips 66 Trading Down 0.0% NYSE PSX opened at $206.94 on Friday. The stock has a market capitalization of $82.97 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 0.17 and a beta of 0.69. Phillips 66 has a one year low of $118.07 and a one year high of $216.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.13 and a quick ratio of 0.85. The business’s fifty day moving average is $182.54 and its 200-day moving average is $168.28.
Phillips 66 (NYSE:PSX – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.54) by $1.03. The company had revenue of $32.54 billion for the quarter, compared to the consensus estimate of $35.86 billion. Phillips 66 had a net margin of 2.99% and a return on equity of 10.98%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.90) EPS. Equities research analysts predict that Phillips 66 will post 22.43 EPS for the current year.
Phillips 66 Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, August 18th. Phillips 66’s payout ratio is presently 50.05%.
Analyst Ratings Changes Several analysts have recently commented on PSX shares. TD Cowen increased their target price on shares of Phillips 66 from $220.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday. Piper Sandler reaffirmed a “neutral” rating and issued a $208.00 price objective on shares of Phillips 66 in a research report on Thursday. Citigroup increased their price objective on shares of Phillips 66 from $183.00 to $204.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Barclays lifted their target price on shares of Phillips 66 from $177.00 to $183.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings downgraded Phillips 66 from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $200.44.
View Our Latest Stock Analysis on PSX
Phillips 66 Profile (Free Report)
Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.
The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.
Featured Stories Five stocks we like better than Phillips 66 Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding PSX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Phillips 66 (NYSE:PSX – Free Report).
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Bank of Nova Scotia lowered its stake in shares of Phillips 66 (NYSE:PSX – Free Report) by 35.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,725 shares of the oil and gas company’s stock after selling 51,775 shares during the quarter. Bank of Nova Scotia’s holdings in Phillips 66 were worth $17,257,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. State of Wyoming lifted its stake in shares of Phillips 66 by 182.6% during the 1st quarter. State of Wyoming now owns 4,833 shares of the oil and gas company’s stock valued at $880,000 after buying an additional 3,123 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Phillips 66 by 8.5% during the 1st quarter. Cetera Investment Advisers now owns 258,194 shares of the oil and gas company’s stock worth $47,038,000 after purchasing an additional 20,322 shares in the last quarter. Prestige Wealth Management Group LLC boosted its stake in Phillips 66 by 76.8% in the 1st quarter. Prestige Wealth Management Group LLC now owns 633 shares of the oil and gas company’s stock worth $115,000 after purchasing an additional 275 shares during the period. Clearwater Capital Advisors LLC bought a new stake in shares of Phillips 66 during the first quarter valued at about $214,000. Finally, First Trust Advisors LP lifted its holdings in shares of Phillips 66 by 40.1% in the first quarter. First Trust Advisors LP now owns 277,463 shares of the oil and gas company’s stock worth $50,548,000 after buying an additional 79,349 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.
Insider Buying and Selling In related news, Director Kevin Omar Meyers acquired 175 shares of Phillips 66 stock in a transaction that occurred on Wednesday, May 6th. The stock was bought at an average price of $173.12 per share, with a total value of $30,296.00. Following the transaction, the director directly owned 16,799 shares in the company, valued at approximately $2,908,242.88. This represents a 1.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kevin J. Mitchell sold 11,021 shares of the stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $190.03, for a total value of $2,094,320.63. Following the completion of the sale, the chief financial officer directly owned 97,376 shares in the company, valued at approximately $18,504,361.28. This represents a 10.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 41,021 shares of company stock worth $7,195,257. Insiders own 0.40% of the company’s stock.
Phillips 66 Price Performance PSX opened at $206.94 on Friday. The stock has a market capitalization of $82.97 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 0.17 and a beta of 0.69. The stock’s 50 day moving average price is $182.54 and its 200-day moving average price is $168.28. Phillips 66 has a 52-week low of $118.07 and a 52-week high of $216.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.13.
Phillips 66 (NYSE:PSX – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.54) by $1.03. The company had revenue of $32.54 billion for the quarter, compared to analysts’ expectations of $35.86 billion. Phillips 66 had a net margin of 2.99% and a return on equity of 10.98%. Phillips 66’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.90) earnings per share. On average, equities research analysts predict that Phillips 66 will post 22.43 EPS for the current year.
Phillips 66 Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a dividend of $1.27 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.5%. Phillips 66’s dividend payout ratio (DPR) is currently 50.05%.
Analyst Upgrades and Downgrades PSX has been the subject of several analyst reports. Weiss Ratings downgraded shares of Phillips 66 from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Scotiabank boosted their price objective on Phillips 66 from $140.00 to $151.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. UBS Group reiterated a “buy” rating and set a $212.00 target price on shares of Phillips 66 in a research report on Monday, June 15th. The Goldman Sachs Group raised their price objective on shares of Phillips 66 from $207.00 to $235.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on Phillips 66 from $188.00 to $202.00 in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Phillips 66 presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.44.
Check Out Our Latest Stock Analysis on PSX
Phillips 66 Company Profile (Free Report)
Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.
The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.
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Arrowstreet Capital Limited Partnership grew its stake in Macy’s, Inc. (NYSE:M – Free Report) by 81.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,763,721 shares of the company’s stock after acquiring an additional 2,594,549 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 2.19% of Macy’s worth $104,266,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the company. CIBC Private Wealth Group LLC increased its holdings in shares of Macy’s by 35.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after buying an additional 486 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Macy’s by 51.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock valued at $34,000 after acquiring an additional 526 shares during the last quarter. Parallel Advisors LLC grew its position in Macy’s by 8.2% in the fourth quarter. Parallel Advisors LLC now owns 9,213 shares of the company’s stock worth $203,000 after acquiring an additional 699 shares during the period. Private Advisor Group LLC grew its position in Macy’s by 4.2% in the third quarter. Private Advisor Group LLC now owns 18,444 shares of the company’s stock worth $331,000 after acquiring an additional 750 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Macy’s by 31.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,528 shares of the company’s stock worth $78,000 after acquiring an additional 851 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.
Analyst Ratings Changes A number of research firms have commented on M. Telsey Advisory Group upped their target price on shares of Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Thursday, June 4th. Morgan Stanley reissued an “overweight” rating and issued a $30.00 price target on shares of Macy’s in a research note on Monday, July 6th. UBS Group reissued a “sell” rating on shares of Macy’s in a research report on Thursday, June 4th. Weiss Ratings upgraded Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.70.
View Our Latest Stock Analysis on Macy’s
Macy’s Price Performance M stock opened at $23.33 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 0.44. The firm has a market capitalization of $6.14 billion, a P/E ratio of 9.64 and a beta of 1.46. The business’s 50-day moving average is $23.02 and its two-hundred day moving average is $20.96. Macy’s, Inc. has a 1 year low of $11.77 and a 1 year high of $26.10.
Macy’s (NYSE:M – Get Free Report) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.61 billion. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. Analysts anticipate that Macy’s, Inc. will post 2.19 earnings per share for the current fiscal year.
Macy’s Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were given a dividend of $0.1915 per share. This represents a $0.77 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, June 15th. Macy’s’s dividend payout ratio is currently 31.82%.
Insider Activity at Macy’s In other Macy’s news, EVP Thomas Jr. Edwards sold 16,419 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total transaction of $408,668.91. Following the sale, the executive vice president owned 20,000 shares of the company’s stock, valued at approximately $497,800. This trade represents a 45.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Paul Griscom sold 10,077 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $25.63, for a total transaction of $258,273.51. Following the completion of the transaction, the senior vice president owned 25,373 shares of the company’s stock, valued at $650,309.99. This represents a 28.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.05% of the company’s stock.
Macy’s Profile (Free Report)
Macy’s, Inc is a leading American omnichannel retailer operating under the Macy’s brand, as well as specialty divisions Bloomingdale’s and Bluemercury. The company’s retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy’s seeks to deliver a seamless shopping experience that blends in-store service with online convenience.
The company’s product assortment spans men’s, women’s and children’s clothing, beauty and personal care products, housewares and home décor.
Featured Stories Five stocks we like better than Macy’s Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding M? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Macy’s, Inc. (NYSE:M – Free Report).
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Bank of New York Mellon Corp reduced its holdings in shares of SAP SE (NYSE:SAP – Free Report) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 226,788 shares of the software maker’s stock after selling 16,801 shares during the quarter. Bank of New York Mellon Corp’s holdings in SAP were worth $38,828,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in SAP. Fisher Asset Management LLC lifted its stake in SAP by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 14,728,881 shares of the software maker’s stock worth $3,577,793,000 after purchasing an additional 179,550 shares during the last quarter. Bank of America Corp DE increased its stake in SAP by 58.1% in the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock valued at $805,992,000 after purchasing an additional 973,779 shares during the last quarter. Windacre Partnership LLC raised its holdings in SAP by 130.9% during the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock worth $629,874,000 after purchasing an additional 1,336,325 shares in the last quarter. Northern Trust Corp lifted its position in shares of SAP by 3.2% during the 3rd quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock worth $417,113,000 after buying an additional 49,111 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of SAP by 7.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,200,024 shares of the software maker’s stock worth $291,498,000 after buying an additional 83,349 shares during the last quarter.
SAP News Summary Here are the key news stories impacting SAP this week:
Positive Sentiment: SAP delivered solid Q2 results, with total revenue up about 9% year over year, cloud revenue up more than 20%, and current cloud backlog rising sharply, reinforcing confidence in the company’s long-term growth engine. SAP Quarterly Statement Q2 2026 Positive Sentiment: Management said SAP’s AI strategy and cloud momentum are supporting demand, with analysts and media reports noting that strong backlog growth helped offset concerns that AI could disrupt enterprise software. SAP Q2 Earnings Up Y/Y on Cloud Demand, Buyouts Impact Profit Outlook Positive Sentiment: BMO Capital Markets raised its price target on SAP and kept an outperform rating, suggesting Wall Street still sees upside after the earnings release. Benzinga / The Fly report Neutral Sentiment: Several reports highlighted SAP’s message that AI must move beyond basic chatbots and into more complex enterprise workflows before it creates meaningful returns, underscoring both opportunity and execution risk. Reuters SAP CFO AI comments Negative Sentiment: SAP lowered its 2026 operating profit outlook because AI acquisitions and related spending are weighing on earnings, which may cap near-term margin expansion even as revenue trends improve. SAP Cuts 2026 Operating Profit Outlook Negative Sentiment: Investors are also weighing the earnings miss versus expectations, as SAP’s quarterly EPS came in below consensus despite the strong cloud performance. SAP quarterly earnings report Analysts Set New Price Targets A number of research analysts recently commented on the stock. Weiss Ratings downgraded shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. BMO Capital Markets boosted their price target on shares of SAP from $175.00 to $177.00 and gave the company an “outperform” rating in a research report on Friday. The Goldman Sachs Group restated a “buy” rating and issued a $265.00 price objective on shares of SAP in a research note on Wednesday, June 10th. Piper Sandler lowered SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. Finally, HSBC upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $267.00.
Get Our Latest Research Report on SAP
SAP Trading Up 9.3% Shares of SAP stock opened at $159.97 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $196.52 billion, a P/E ratio of 20.10, a PEG ratio of 1.84 and a beta of 1.14. SAP SE has a 1 year low of $144.97 and a 1 year high of $299.48. The company’s fifty day moving average is $165.59 and its two-hundred day moving average is $184.44.
SAP (NYSE:SAP – Get Free Report) last announced its earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. SAP had a net margin of 20.88% and a return on equity of 17.16%. The business had revenue of $11.06 billion during the quarter. Analysts forecast that SAP SE will post 8.26 earnings per share for the current year.
SAP Company Profile (Free Report)
SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.
SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.
See Also Five stocks we like better than SAP Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24
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TL;DR Bitcoin miner selling remains inside a long-term downward trend despite a recent increase in exchange transfers. Miners sent 4,841 BTC to Binance during the past 30 days. The number represents 98.66% of all miner transfers to exchanges. Lower exchange flows reduce immediate selling pressure but do not confirm a bullish market on their own. Bitcoin miner selling continues to contract as exchange-bound supply stays within a descending trend that has persisted since mid-2023. The latest on-chain data shows miners transferred 4,841 BTC to Binance over the past 30 days, representing 98.66% of all miner flows to exchanges. Although transfers recently rebounded from their lows, the broader trend still points to lower miner-driven selling pressure.
The latest readings suggest miners are sending fewer coins to public exchanges even as Bitcoin trades below recent highs. That shift reduces the amount of fresh supply entering the spot market, although analysts caution that the signal should be viewed alongside other on-chain indicators.
Bitcoin Halving Continues to Reshape Miner Activity The long-term decline partly reflects the impact of Bitcoin’s 2024 halving. Since block rewards were reduced by half, miners naturally produce fewer BTC for the same amount of computational work. As a result, lower exchange transfers are an expected outcome and should not automatically be interpreted as stronger confidence among mining companies.
The chart also shows miner transfers have remained inside a descending channel despite several short-term spikes. Recent flows recovered from around 3,500 BTC toward 6,000 BTC as Bitcoin rebounded, suggesting some operators sold part of their production to cover expenses. However, the increase faded quickly without breaking the broader downtrend.
BTC Miner Data | Source: CryptoQuant The declining trend may also reflect structural changes across the mining sector. Larger mining companies now have greater access to financing through debt, equity offerings, production hedging, and private liquidity arrangements. These alternatives allow operators to fund operations without immediately selling newly mined Bitcoin on public exchanges.
Another factor may be lower available inventories. Some miners have already distributed significant portions of their holdings during previous market rallies, leaving fewer coins available for future exchange deposits. Together, these developments point to a more mature industry that depends less on constant spot market selling.
Why the Trend Matters for Bitcoin The continued decline in Bitcoin miner selling is constructive because it limits one source of supply entering the market. Lower miner distribution can ease selling pressure when investor demand remains stable, although it does not guarantee higher prices.
Analysts say the signal becomes more meaningful if miner reserves stabilize while exchange transfers remain subdued. That combination would suggest miners are holding a larger share of production instead of selling into market strength.
On the other hand, a breakout above the descending channel, combined with falling miner reserves and weaker Bitcoin prices, would indicate renewed financial pressure across the mining sector. Such a shift could force operators to increase exchange deposits and add fresh selling pressure.
For now, Bitcoin miner selling continues to follow its broader downward trajectory despite recent market volatility. The latest data suggests miners remain under less pressure to distribute coins through public exchanges, leaving overall market structure more balanced while investors monitor whether the trend can persist.
Coinbase CEO Brian Armstrong says quantum computing does not pose an immediate threat to Bitcoin. However, he also stressed that the cryptocurrency industry must begin preparing now for a future in which sufficiently powerful quantum computers become a reality.
In a post on X, Armstrong announced the launch of the Bitcoin Security Consortium, a new initiative backed by Coinbase alongside BlackRock, Fidelity Digital Assets, Block, Blockstream, Strategy and other major industry participants.
The consortium aims to support the long-term security of the Bitcoin network and coordinate efforts to prepare the flagship cryptocurrency for the eventual arrival of quantum computers.
HOT Stories
The announcement comes as Coinbase published a detailed roadmap outlining its own post-quantum strategy. The exchange said it is developing a quantum-resistant version of its proprietary key management system, known as PQ-CoreKMS.
According to the exchange, there is high confidence that fault-tolerant quantum computers will eventually be built. However, its quantum-focused board also found that such a threat is not imminent. The real lies in coordinating secure migrations across decentralized blockchain networks with millions of users.
Coinbase will co-host working sessions with Bitcoin Core developers, cryptographers and researchers beginning in August to discuss migration strategies. The company also pledged engineering resources and funding for this purpose.
Recent advances
In recent years, the U.S. National Institute of Standards and Technology (NIST) completed the selection and standardization of the first post-quantum cryptographic algorithms. Governments and technology companies have already started transitioning critical infrastructure toward these new standards.
Today’s quantum computers remain far from the scale required to compromise Bitcoin’s elliptic curve cryptography, researchers continue to make steady advances in hardware reliability, error correction and logical qubits. Experts generally agree that a cryptographically relevant quantum computer capable of attacking Bitcoin would require millions of high-quality physical qubits operating with robust error correction well beyond current capabilities, but they also caution that predicting when such systems will emerge is difficult.
For Bitcoin specifically, developers have proposed several approaches for a future migration, including introducing quantum-resistant signature schemes, encouraging users to move funds to upgraded addresses, and implementing protocol changes through future Bitcoin Improvement Proposals. Any transition would require broad consensus.
Coinbase said that is precisely why it believes the industry’s focus should be on preparation.
Dormant BTC activity fell to its lowest level since Q3 2022, suggesting long-term holders have slowed distribution after heavy profit-taking.
Dormant Bitcoin movement in the second quarter fell to its lowest level since the third quarter of 2022, according to data shared by Alex Thorn, Galaxy’s head of firmwide research.
Coin days destroyed, a metric that gives greater weight to older coins, showed a similar decline.
Thorn said the earlier spikes were driven by “OGs taking profit,” similar to the pattern seen during Bitcoin’s 2017 bull market, suggesting long-term holders have slowed selling after elevated distribution in 2024 and 2025.
Dormant coin movement tracks Bitcoin (BTC) that has remained untouched for extended periods before being spent again. Analysts monitor the metric because increased activity from long-term holders has historically coincided with periods of profit-taking and heightened selling pressure, while subdued activity can suggest those investors are holding rather than distributing their coins.
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Israeli Prime Minister: This visit to the US aims to understand the US President’s views on the Iran issue.
Israeli Prime Minister Benjamin Netanyahu said in an interview that the conflict between Israel and Iran will only end when Iran’s current regime is overthrown or so weakened that it is forced to abandon its nuclear program. He emphasized that Iran’s nuclear program must be terminated "regardless of whether an agreement is reached". When discussing the planned meeting with U.S. President Donald Trump, Netanyahu noted that the meeting will not focus on delivering new intelligence, as the military and intelligence agencies of the U.S. and Israel are already in close cooperation. He stated that the purpose of the trip is to discuss with Trump and understand his thinking, adding that the development of the situation largely depends on Trump’s final decision. In addition, Netanyahu also commented on the U.S.-Saudi nuclear deal. He expressed agreement with Trump’s stance that "Saudi Arabia can only access a civilian nuclear deal", and stressed that both Israel and the U.S. will never allow Saudi Arabia to possess a military nuclear program. Netanyahu also said he will "definitely" attend the United Nations General Assembly to be held in New York in September. (CCTV News)
45 minutes ago
Lido Responds to stETH Yield Calculation Anomaly: Issue Fixed, Oracle Upgraded, User Funds Unaffected.
Ethereum staking protocol Lido stated on X that today’s stETH rebase has been completed as expected, with ETH rewards omitted yesterday due to calculation gaps now fully restored. The corresponding annual percentage rate (APR) stands at approximately 2.29%. The protocol’s oracle has also been updated and audited; the new version will boost report processing speed and enable faster root cause identification for similar future issues. Regarding yesterday’s reward calculation anomaly, Lido said contributors are still conducting root cause analysis, with additional investigation details to be shared on its official forum and social media channels. User funds were never at risk throughout the entire incident. The initial assessment points to a special edge case as the likely cause: a validator in pending deposit status was omitted from yesterday’s reward report, resulting in some staking rewards not being included in calculations. Lido noted that a full incident post-mortem report will be released in the coming days to further detail the root cause, remediation measures, and subsequent improvement plans.
45 minutes ago
On Robinhood Chain, on-chain speculation remains active, with multiple tokens hitting new market cap highs today.
According to GMGN market data, hype on Robinhood Chain remains active, with multiple tokens hitting new all-time highs (ATH) in market capitalization today. Among them: PONS, the largest token issuance platform on Robinhood Chain by market cap, briefly exceeded $56 million, and is now trading at $52.47 million, marking a new ATH with a 24-hour gain of 31.88%. BRODIE, a meme token in the PONS ecosystem, broke through $6 million in market cap, also hitting a new ATH, with a 24-hour surge of 151.7%. STONKBROKER, an RWA + meme project token, surpassed $15 million in market cap, also hitting a new ATH, with a 24-hour increase of 29.61%. BlockBeats reminds users that related tokens are highly volatile, so investors should exercise caution.
45 minutes ago
Founder of Mango Labs: Has gone long on Changxin Technology, calling it a rare 1:5 leverage trading opportunity.
Mango Labs founder @dov_wo shared his market views, noting he has gone long on Changxin Technology, calling it a rare 1:5 risk-reward opportunity with a 20% downside and 100% upside, a 5-to-1 payout. @dov_wo outlined his bullish thesis as follows: low float ratio, regulatory tailwinds, and institutional optimism for its investment opportunity at a market cap below $3 trillion. He advised on the strategy: if Changxin gaps up tomorrow, close the position to lock in profits directly; if it gaps down then rallies, wait patiently and wrap up the trade within 3 days.
45 minutes ago
WEMIX confirms security incident: Contract ownership may have been compromised, reminds users to exercise caution when trading
The WEMIX team has issued an announcement stating it is urgently investigating a potential security incident involving the WEMIX 3.0 network. Signs have emerged indicating that the network’s contract ownership may have been compromised. The relevant team is verifying the facts and assessing the incident’s impact scope, and will release investigation findings and follow-up response measures promptly as the probe progresses. Ahead of further official updates, WEMIX is reminding users to exercise caution with unconfirmed information and remain highly vigilant when trading or investing in related assets.
45 minutes ago
Jiang Zhuoer: Changxin Memory will likely hit its all-time high on its first day of trading, and recommended pairing it with hedging operations on Hyperliquid.
Jiang Zhuoer, founder of BTC.TOP (B.TOP), posted that Changxin Memory will likely open higher, surge then pull back, hitting its all-time high on the first trading day. The ideal play is to buy at the A-share opening, sell during the midday H-share-driven rally, then sell on A-share and buy back on H-share the next day to square positions. Without H-share exposure, investors will be trapped by the T+1 trading rule, possibly holding the stock for a lifetime just like PetroChina.
Bitcoin faces continued uncertainty after sliding by nearly one third from its recent peak, fueling renewed debate among market analysts over where the bottom truly lies. After rebounding slightly to $64,382 this week, traders remain divided on whether the recovery marks a lasting trend or the start of deeper losses.
Analysts split on next Bitcoin bottomSome market participants identify $57,000 as a possible low point. Others argue that Bitcoin could have much further to fall if current conditions persist. The market’s mood has become especially tense following a series of price drops since May, with little clear consensus emerging on a definitive bottom.
A prominent trader known as King0ftheCharts argues that Bitcoin may be primed for another significant wave down, potentially dropping well below $50,000. He bases his outlook on historical price patterns, specifically referencing the two-legged drop seen during the 2022 bear market—when the initial decline reached 52% and was followed by a second leg down to a 68% loss.
Extrapolating from that scenario, King0ftheCharts suggests Bitcoin’s bottom in the current cycle could fall as low as $25,000 to $26,000, which would represent an approximately 80% drop from the October 2025 peak.
Bitcoin has dropped only 30% so far from its May high, but that’s no guarantee a bottom is forming. Signals remain bearish, and a steeper decline, potentially toward $25,000 to $26,000, remains on the table if historical trends repeat.
He notes that this target aligns with earlier projections he issued after successfully calling the October 2025 top, and he recounts that many traders were then expecting a surge toward $200,000 or beyond by year-end. King0ftheCharts also connects the possibility of lower prices to previous cycles, where Bitcoin faced weakness leading up to US midterm elections.
Mini dictionary: King0ftheCharts is a pseudonymous crypto trader known for sharing technical analysis and cycle-based predictions on social media platforms, especially X (formerly Twitter), with a focus on major turning points for Bitcoin and other digital assets.
BTC whale wallets show limited convictionAnalyst Justin Bennett takes a more cautious, data-driven approach. He urges market participants not to put too much faith in the recent price bounce, noting there is little evidence that large investors, or whales, have positioned for a strong upswing yet.
Don’t trust this weekend bounce yet, as $BTC whales have not committed to a bullish trend. The real test lies in the $64,700 to $65,000 range, which needs to be cleared before further gains can materialize.
Bennett identifies $64,700 to $65,000 as a critical resistance zone. He explains that a move through this range would fill a previous gap—known as a single print—on the price chart and allow open interest to reset. Such a move could improve the conditions for a potential rally, but until then, skepticism remains.
Traders focus on key levels aheadLooking at scenarios for the coming week, Bennett explains that a rejection from the $64,700 to $65,000 resistance band, followed by a break below $64,000, could lead to a retreat toward $61,000. Conversely, a decisive reclaim of $65,000 could set the stage for a push up to $67,000.
Bennett cautions that his outlook may change with new price developments. As of the latest data from CoinGecko, Bitcoin trades at $64,382.57, notching a 0.81% daily gain and recording $12.07 billion in 24-hour trading volume.
Resistance LevelIf RejectedIf Broken$64,700 – $65,000Drop to $61,000Rise to $67,000Overall, the debate on Bitcoin’s trajectory remains unresolved, with technical analysis and whale activity providing little clarity for now. Key price zones in the week ahead will likely determine whether the next major move is higher or if further losses await.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Dormant BTC activity fell to its lowest level since Q3 2022, suggesting long-term holders have slowed distribution after heavy profit-taking.
Dormant Bitcoin movement in the second quarter fell to its lowest level since the third quarter of 2022, according to data shared by Alex Thorn, Galaxy’s head of firmwide research.
Coin days destroyed, a metric that gives greater weight to older coins, showed a similar decline.
Thorn said the earlier spikes were driven by “OGs taking profit,” similar to the pattern seen during Bitcoin’s 2017 bull market, suggesting long-term holders have slowed selling after elevated distribution in 2024 and 2025.
Dormant coin movement tracks Bitcoin (BTC) that has remained untouched for extended periods before being spent again. Analysts monitor the metric because increased activity from long-term holders has historically coincided with periods of profit-taking and heightened selling pressure, while subdued activity can suggest those investors are holding rather than distributing their coins.
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Houthi forces launched a series of strikes on Saudi oil infrastructure between July 22 and 25, targeting tankers and Aramco facilities along the Red Sea coast. Gulf equity markets slid in response, crude oil blew past $100 per barrel, and Bitcoin dropped below $65,000 as traders across every asset class scrambled to reprice risk.
When roughly 12% of the world’s seaborne oil trade flows through a single chokepoint, the Bab el-Mandeb strait, any disruption there doesn’t stay a regional problem for long.
What happened in the Red Sea The attacks began on July 22-23, when Houthi forces struck two oil tankers, the Encelia and the Layla, near Jizan. Subsequent strikes hit Saudi Aramco facilities in both Jizan and Yanbu, extending the geographic scope of the assault.
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The Houthis claimed responsibility for all of the strikes. US President Trump responded by warning of “major military punishment” for Iran, which has long been linked to Houthi operations in Yemen.
Crude oil prices surged past $100 per barrel as markets priced in supply concerns tied to the Red Sea shipping lane disruptions. Gulf equity markets declined as geopolitical fears mounted.
Why crypto markets caught the shrapnel Bitcoin fell below $65,000 in the wake of the attacks. XRP also traded lower as the broader digital asset market absorbed the energy price volatility.
Reports have surfaced showing over $900 million in traced Tether (USDT) transactions on the TRON blockchain linked to Houthi activities, with data from as recently as June 2026. The operations reportedly extend to Bitcoin mining on YemenNet infrastructure, which is Yemen’s state-controlled internet network.
What this means for investors The $900 million in traced USDT transactions tied to Houthi operations gives ammunition to lawmakers pushing for stricter oversight of stablecoin issuers and blockchain networks. TRON, which has faced scrutiny before over illicit finance concerns, could find itself under even more pressure. Tether, already a perennial target of regulatory skepticism, now has another uncomfortable data point in the public record.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The XRP Ledger added about $2.6 billion in tokenized real-world asset value during the past six months, excluding stablecoins, according to data from RWA.xyz.
Summary
XRP Ledger added $2.6 billion in RWA value, ranking second among blockchains over six months. JMWH alone represents $2.23 billion, making tokenized energy XRPL’s largest real-world asset category by value. Most XRPL RWA value is represented, while distributed assets total only about $323 million currently. That placed XRPL second among tracked blockchain networks for net RWA inflows during the period. BNB Chain ranked first with about $3 billion, while Stellar followed XRPL with roughly $2.1 billion.
The increase lifted XRPL’s combined distributed and represented RWA value to about $4.38 billion on July 26. The RWA.xyz dashboard listed $323.21 million in distributed assets and $4.06 billion in represented assets. The network also held $995.12 million in stablecoins, taking its broader total above $5.37 billion when those tokens are included.
XRP Ledger moves higher in RWA rankings The six-month figures placed XRPL ahead of several larger smart-contract networks for new tokenized asset value. Solana added about $1.6 billion, while Avalanche attracted roughly $972 million. Ethereum remained the largest home for distributed tokenized assets, but its net addition during the measured period was lower at about $424 million.
The latest rise continues a trend visible earlier in 2026.XRPL moved into sixth place in the tokenized RWA rankings in February after adding $354 million in one month. A crypto.news report in July found that tokenized assets on the ledger had passed $3 billion as developers added compliance tools, permissioned trading and proposed lending features.
Tokenized energy drives most of XRPL’s total Justoken’s JMWH product accounts for the largest share of XRPL’s RWA value. RWA.xyz valued the represented commodity asset at $2.229 billion on July 26. Each JMWH token represents one megawatt-hour of contracted energy output. The issuer mints tokens against energy agreements and burns them after the electricity is delivered and consumed.
The asset also shows why represented value and active onchain liquidity are not the same measure. RWA.xyz recorded only 19 JMWH holders, one active address over 30 days, no monthly transfers and no monthly transfer volume. The token therefore works mainly as a blockchain record for energy contracts rather than a widely traded asset. JMWH alone accounts for about 51% of XRPL’s total RWA value.
Justoken said it had tokenized more than $2.84 billion in total value across its products. In March, the company announced an energy tokenization project with Argentina-based power producer YPF Luz using the XRP Ledger. The wider product links blockchain records with contracts for electricity generation and consumption.
Distributed assets and stablecoins expand XRPL’s distributed asset segment remains much smaller than its represented segment, but several financial products now operate on the network. RWA.xyz listed about $323 million in distributed assets. Ondo Finance, Braza Crypto, OpenEden Digital, Société Générale-FORGE and other issuers contribute to this category through tokenized Treasuries, credit products and regulated digital money.
Ripple’s RLUSD remains the largest stablecoin platform on XRPL. RWA.xyz showed about $894.7 million in RLUSD on the network, while all XRPL stablecoins totalled about $995.12 million. Braza Crypto ranked behind RLUSD with products worth about $83.4 million. Stablecoin transfer volume reached $4 billion over 30 days.
A May pilot also tested how tokenized funds can connect XRPL with bank payment rails. As crypto.news reported, Ripple redeemed part of its holdings in Ondo Finance’s OUSG Treasury product on XRPL. Mastercard sent settlement instructions to Kinexys by J.P. Morgan, which moved U.S. dollars to Ripple’s Singapore bank account.
Ondo said the asset leg settled in under five seconds. Ondo Finance President Ian De Bode called it the “first time tokenized U.S. Treasuries have settled across borders and banks in near real time.” The transaction combined a public blockchain asset transfer with traditional bank settlement.
RWA growth does not equal direct XRP demand RWA growth measures asset value recorded or issued on the ledger. It does not show how much XRP investors purchased or how often they used the native token. Most institutional products can use XRPL for issuance and settlement while paying only small network fees in XRP. Stablecoins such as RLUSD can also handle the cash side of transactions without using XRP as a bridge asset.
The asset mix also matters when comparing networks. Represented assets refer to offchain holdings or contracts recorded on a blockchain, while distributed assets are issued and held more directly onchain. XRPL’s represented value accounts for more than 92% of its non-stablecoin RWA total. JMWH alone drives more than half of that figure.
Even so, XRPL has added more issuers and asset types during 2026. Its RWA count reached 373, while the number of tracked holders rose 14.29% over 30 days to 176. The ledger’s stablecoin holders reached about 60,080. These figures show a broader tokenization base, although ownership remains concentrated in several products.
Ripple and XRPL developers are also building infrastructure for regulated markets. Crypto.news reported that permissioned domains, credentials and a permissioned exchange layer now support identity-based access rules on the public ledger. Proposed lending standards could add fixed-term credit products if validators approve them. The next stage will depend on whether issuers turn the growing asset base into regular transfers, trading and settlement activity.
Questions have resurfaced within the cryptocurrency community about whether Ripple could unilaterally destroy its massive XRP escrow holdings. The debate focuses on Ripple’s control over XRP’s circulating supply and the network’s decentralized governance model.
Ripple’s Authority on Escrowed XRPWeb3 investor and blockchain commentator Jake Claver addressed these concerns in a recent social media post, clarifying that Ripple does not have independent power to burn its escrowed XRP. Ripple is a San Francisco-based fintech company known for developing payment solutions using XRP and related blockchain infrastructure.
Claver explained that the XRP Ledger operates under decentralized governance and Ripple itself directly controls only three out of the 35 validators on the network’s Unique Node List (UNL). For any protocol change—such as the destruction of escrowed XRP—a supermajority vote is necessary. According to Claver, that threshold stands at 80%, requiring consensus from at least 28 validators outside Ripple’s control.
Ripple runs 3 of 35 trusted validators, and any change needs approximately 80% consensus. They can lock XRP in escrow, but torching supply takes 28 other independent validators voting yes. Decentralization, in practice.
The XRP Ledger’s governance ensures that no single participant, including Ripple, can arbitrarily alter network rules or destroy tokens without broad validator agreement.
Burning Escrow: Procedure and RoadblocksAccording to Claver, any attempt to burn XRP from escrow would require a formal network amendment, which must be supported by a significant majority of trusted validator nodes. He emphasized Ripple’s limited influence within this structure, reaffirming that direct unilateral action is impossible.
Claver also referred to past statements by David Schwartz, Ripple’s Chief Technology Officer, who has repeatedly maintained that such a measure would need overwhelming network support according to the XRP Ledger’s rules.
Ripple may place, lock, or release XRP in escrow as part of monthly schedules and business operations, but only a large-scale network consensus could approve burning these assets entirely.
Mini dictionary: Unique Node List (UNL) — In the XRP Ledger, the UNL is a set of validators trusted to reach consensus on the state and rules of the ledger. Amendments and critical changes to the protocol require high UNL validator consensus to be enacted.
Community Perspectives and Escrow MonetizationClaver’s explanation drew broad engagement from the XRP community. Some questioned if Ripple would have any motivation to remove a primary source of capital from its balance sheet. XRP_BIBLE argued that monthly sales from escrow remain a significant income source for Ripple, thus making a mass burn unlikely.
Ripple monetizes some of its XRP through monthly sales, so it has little incentive to destroy escrow, which represents a major funding mechanism.
Other users, like WilliamLolli.DigitalAssetEvangelist, reiterated the point that Ripple’s structured releases have always been central to its business model. They questioned why the company would shift away from a system it views as successful.
Another community participant, Italian Gatorade, highlighted the difference between regular transaction fee burns on the XRP Ledger and large, deliberate token burns for optics or pricing effects. The user supported the network’s current process of burning negligible amounts with each transaction, while opposing proposals to destroy escrow similar to certain meme coins.
Community responses overall echoed confidence in the ledger’s decentralized governance, underscoring that any change to XRP’s total supply would require significant, multi-party agreement and not just Ripple’s approval.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cryptocurrency analyst ChartNerd signaled a potential surge in volatility for XRP as the digital asset’s price narrows between important technical boundaries. In a recent update, ChartNerd pointed out that XRP’s price is consolidating into a tight range in the final week of July, suggesting that a significant move may soon follow this period of compression.
Daily 50 EMA sets the resistance levelChartNerd identified the daily 50-day exponential moving average (EMA), currently near $1.14, as the principal resistance preventing upward movement. The analyst explained that XRP is now retesting an ascending support trend line, which has acted as a solid base for price action since June.
He reviewed recent market developments, noting that previous attempts to breach the daily 50 EMA resulted in pronounced declines for XRP. After a notable rejection on June 15, when the price slid from approximately $1.30 to $1.00, XRP established the ascending trend line that continues to shape its structure.
A second effort to overcome the 50 EMA saw XRP reach $1.18 before another retracement returned it to the established support line. This cycle has repeated, with the daily 50 EMA remaining a critical ceiling for any bullish breakout.
Price is compressing into an apex as we enter the last week of July. Over the last few days, we have retraced back to ascending support, with the daily 50 EMA overhead as major resistance at $1.14. The line must hold.
Support trend line under renewed pressureFollowing a recent rally, XRP once again faced resistance around $1.16, coinciding with the daily 50 EMA. ChartNerd indicated that this rejection was anticipated, describing the $1.16 area as an established barrier where sellers have consistently pushed the price lower.
The analyst noted that each approach to the 50 EMA has reinforced the significance of the ascending support trend line. At present, XRP is again positioned at this support point, making its reaction there critical for the outlook in the coming days.
Preserving the current support is essential, ChartNerd argued, for maintaining the bullish setup that has taken shape over the past several weeks. He sees this technical structure as key to any attempt by XRP to target higher levels, including a move toward $1.24.
Maintaining the trend line is the deciding factor for XRP to sustain its current strength and to potentially advance beyond nearby resistance zones.
Price compression points to imminent movementChartNerd concluded that the tightening range between ascending support and the daily 50 EMA reflects growing pressure in the market. He believes a more decisive move is likely as XRP trades within this narrowing band, particularly as July closes and August approaches.
For now, technical indicators highlight the ascending support as the crucial reference level, while analysts continue to monitor price action relative to the $1.14 EMA. Should XRP hold above its support or break through the EMA resistance, a notable change in momentum could follow.
Mini dictionary: 50 EMA (Exponential Moving Average), a technical indicator that assigns greater weight to more recent prices to provide a smoother and more responsive measure of trend direction for traders and analysts.
As the market awaits further clarity, investors are watching for a breakout beyond the current range to confirm the next major trend in XRP’s trajectory.
Technical LevelPrice AreaRoleAscending supportNear $1.00–$1.05Key base, must hold for bullish setupDaily 50 EMA$1.14Primary resistanceResistance zone$1.16Repeated resistance in recent weeksPotential upside target$1.24Next major target if resistance breaksDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Crypto coach Thomas Laresca has drawn attention to an extraordinary price prediction for XRP by sharing a video clip in which Brandon Biggs, described as a prophet by his supporters, claims the cryptocurrency could eventually reach $10,000 per token.
In his recent post, Laresca asked his followers, “Biggs says XRP could reach $10,000. If that happened, would you hold or sell?” The question sparked widespread debate within the XRP community about their potential reactions if such a substantial price target ever came to pass.
Unlike technical market forecasts, Biggs’ prediction is rooted in what he characterizes as a revelation he received prior to learning about the cryptocurrency. He asserts that he was informed XRP would one day be worth more than $10,000, even though he had no prior knowledge of the asset at the time.
Biggs asserts that the message about XRP’s future price was revealed before he became aware of the cryptocurrency, emphasizing that he only researched it after receiving the name.
Origins of the $10,000 price targetIn the shared video, Biggs explains that he had often been approached for investment guidance before experiencing what he portrays as a prophetic experience concerning a major future asset. He stated he was told that XRP would soar from its present value to over $10,000 per coin, and learning the name prompted him to search online, where he discovered it was a digital currency.
Biggs did not provide a timeline or technical explanation for how XRP could reach this target. His remarks were focused on the long-term possibility, leaving practical pathways for such a development unaddressed. Laresca’s post encouraged followers to consider whether they would hold or sell if XRP ever climbed to such an unprecedented level.
Mini dictionary: Brandon Biggs, a self-described prophet, is known within certain online investing communities for making bold forecasts about cryptocurrencies based on revelations rather than conventional market analysis.
The claim stimulated a wide range of responses, with some users entertaining the hypothetical scenario and others expressing skepticism about the proliferation of bullish XRP predictions. John Kelly, a community member, questioned the credibility of repeated optimistic forecasts, suggesting contributors might have ulterior motives.
John Kelly commented that he suspected some individuals of being compensated by Ripple for making ambitious price predictions regarding XRP.
His comment captured a sentiment among certain observers who see the surge in ambitious targets as requiring closer scrutiny. Meanwhile, many maintain their belief in XRP’s long-term opportunities and continue to discuss potential substantial price movements.
Biggs’ $10,000 forecast stands out as one of the boldest yet for XRP, far exceeding figures typical of most financial analysts. The projection lacks support from market data or technical research and remains speculative. Nonetheless, it has fueled ongoing debate about investors’ strategies should the cryptocurrency reach such historic heights.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP has reached a decisive moment in its long-term market structure, according to crypto analyst Egrag Crypto, who described the digital asset as currently retesting its breakout from a multi-year symmetrical triangle. Egrag characterizes this phase as a critical juncture that may determine whether XRP resumes its broader uptrend.
Key support and resistance levels identifiedEgrag highlighted the $0.85 to $0.88 range as the most important support zone for XRP at present. He noted that this region combines multiple significant technical indicators, including the lower boundary of the former symmetrical triangle, the White Bridge support, the monthly 111 Exponential Moving Average (EMA), and the projected area for a breakout retest.
He stated that a brief drop below this zone does not necessarily invalidate a positive outlook. However, monthly closes below this area would undermine XRP’s long-term bullish structure and reduce the potential for further gains.
For resistance, Egrag pointed to the monthly 21 EMA, suggesting that buyers would need to reclaim the $1.23 to $1.65 region to signal a return of bullish momentum. This level represents a major hurdle that the market must overcome for the uptrend to continue.
Targets set at $6.40 and $30 if milestones metLooking ahead, Egrag outlined a technical roadmap for possible future gains. He expects XRP to first hold above $0.85 to $0.88, then decisively recover the resistance area between $1.23 and $1.65. The next significant challenge lies at the $3.00 to $3.50 resistance zone.
Should XRP achieve these milestones, Egrag projects a medium-term price target of $6.40, with a potential longer-term target of $30 if the asset can establish acceptance above its prior all-time highs.
Egrag views the current market phase as one of the most impactful developments for XRP in years, as long as vital support levels are maintained and key resistance areas are recaptured.
Improving market sentiment and institutional interestRecent developments continue to bolster XRP’s position. Whale selling activity has eased, alleviating a key source of downward pressure. On-chain data also shows that AI agent transactions on the XRP Ledger have now exceeded 1.4 million, highlighting increased network usage for automated payments and machine-oriented financial applications.
Institutional activity has grown, with clients of Franklin Templeton’s ETF products reportedly acquiring approximately $5.66 million worth of XRP. This suggests that some larger investors are increasing their exposure despite an uncertain macro environment.
Amid these technical and on-chain trends, traders are keeping a close eye on levels such as the $0.85 support zone, especially as tools for monitoring real-time market conditions become more crucial. CryptoAppsy, which requires no account creation hassle, combines your crypto investments with real-time prices, detailed charts, and multi-currency portfolio management on a single screen. With this all-in-one financial assistant, you can instantly seize opportunities by setting up smart price alerts, filter news specific to your coins, discover newly listed altcoins without missing them, and always stay one step ahead of the market with critical macroeconomic data such as Fed interest rates.
A combination of sustained support, increasing XRP Ledger activity, and continued institutional accumulation offers a constructive outlook, while the $0.85 to $0.88 support and $1.23 to $1.65 resistance zones remain key levels for the near term.
For now, whether XRP confirms a new uptrend will depend on its ability to defend major support and recapture resistance as outlined by Egrag. The coming weeks could prove decisive in shaping the next phase of XRP’s long-term price trajectory.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
It’s been another eventful week in crypto, with Bitcoin steadying through a tech-stock selloff, meme coins splitting into winners and losers, and Washington’s CLARITY Act back in focus. Here’s a quick recap of the major crypto stories that came in over the week.
Bitcoin, Ethereum, XRP, Dogecoin Hold Ground as CLARITY Act Seen Unlocking the ‘Next Wave of Adoption’Read the full article here.
Dogecoin Has a Chance, but Shiba Inu, Bonk Labeled ‘Worthless’Read the full article here.
Forget Bitcoin, XRP: These 3 Altcoins Are Set Up for Big Moves Right NowRead the full article here.
Bitcoin, Ethereum, XRP, Dogecoin End Week Quietly as Analyst Predicts ‘One Last Leg Lower’Read the full article here.
Shiba Inu Fights Back to Top 31: Is It Safe to Buy SHIB Now?Read the full article here.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Ripple’s token is showing signs of stabilization after the sharp decline from higher levels, but the recovery remains limited by a series of resistance zones that continue to attract sellers. While buyers have defended the recent lows, the market still needs a clear structural breakout before a stronger upside move can be considered.
Ripple Price Analysis: The Daily Chart On the daily timeframe, XRP continues to trade inside a broader descending channel that has shaped the price action for months. The recent rebound from the $1.02 to $1.04 demand zone has helped the asset recover, but the move has not yet changed the larger bearish structure.
The main challenge for buyers remains the $1.17 to $1.2 supply zone, which sits near the upper boundary of the descending channel. A successful breakout above this region could open the path toward the next resistance area around $1.28. However, as long as XRP remains below this level, the current recovery may still represent a corrective move within the broader downtrend.
A rejection from the current resistance area could send the price back toward the $1.05 to $1.07 support region, while a deeper decline would bring the $1.02 to $1.04 buyers’ base back into focus.
XRP/USDT 4-Hour Chart The 4-hour chart highlights the ongoing struggle between buyers attempting to build a base and sellers defending the overhead supply. XRP recently pushed toward the $1.16 to $1.18 resistance zone but failed to secure a breakout, keeping the short-term structure vulnerable.
The $1.16 – $1.18 supply range remains an important barrier, with price action still showing difficulty reclaiming the area above it. Until the asset breaks above this price region and confirms strength above it, upside attempts may continue to face selling pressure.
On the downside, the ascending wedge’s lower trendline remains the key support area. Holding above this zone would preserve the possibility of another recovery attempt, while a breakdown below it would weaken the current setup and increase the risk of further downside.
XRP has reached a technical level that analyst EGRAG CRYPTO views as a potential turning point for the cryptocurrency. EGRAG CRYPTO, an independent chart analyst known for sharing technical insights on digital assets, shared a weekly chart that highlights key structures affecting XRP’s next possible market direction.
Descending red trendline remains in focusThe chart draws particular attention to a descending red trendline, referred to as “The Red Line,” that has acted as a major resistance barrier since XRP peaked in July 2025. Multiple attempts to break above this trendline have failed, keeping this area under active surveillance for traders and analysts alike.
EGRAG CRYPTO’s analysis includes the 50-week exponential moving average (EMA), marked in blue, and the 222-week simple moving average (SMA), colored green. At present, XRP trades near both averages as its price clusters around the intersecting long-term resistance and an ascending support trendline. The chart highlights the $1.60 level as an area of specific interest, given its proximity to the descending resistance zone.
The analyst emphasizes, “Men lie. Women lie. Structure doesn’t lie,” suggesting that regardless of sentiment or speculation, the long-term chart pattern remains objective and informative.
Atlas Line and key support zonesIn the current technical outlook, a white circle marks XRP’s trading range near an ascending support, which EGRAG CRYPTO describes as the “Atlas Line.” This trendline has provided a firm base for XRP’s price, holding above it since before 2019 and demonstrating a prolonged period where the cryptocurrency has respected the upward trajectory.
EGRAG CRYPTO’s structure also references a symmetrical triangle pattern that unfolded between 2021 and late 2024. The prior breakout from this formation triggered a surge in XRP’s value of more than 500% in late 2024. Presently, XRP consolidates inside a new compression area, bracketed by the descending red trendline above and the ascending Atlas Line below.
Mini dictionary: Atlas Line — A term used by EGRAG CRYPTO to describe a critical rising support trendline on XRP’s long-term price chart, considered significant for identifying key reversal or breakout levels.
Potential breakout and price targetsEGRAG CRYPTO charts a possible upward path, projecting XRP to rally toward the $8.30 mark if it achieves a decisive breakout above the red resistance trendline. The next step in the scenario first requires XRP to reclaim the $1.60 level before any potential move higher.
According to the analysis, the timeline for any breakout is unspecified, but the chart presents the $8.30 objective as the next logical phase following a breakout from the current technical structure. The focus of the analysis remains on the long-term structure of the asset rather than on near-term price fluctuations.
Level/ZoneSignificanceCurrent StatusRed trendlineMain resistance since July 2025Remains unbrokenAtlas Line (support)Ascending support since pre-2019Currently held$1.60Key resistance to reclaimNear current price$8.30Projected breakout targetPotential if breakout confirmed The market outlook revolves around technical patterns, with EGRAG CRYPTO insisting that price structure, rather than personal opinion, will determine XRP’s path: “Structure doesn’t lie.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Flare Networks co-founder and CEO Hugo Philion has announced the start of a six-month phase of large-scale integration that is expected to radically transform the XRP-based decentralized finance ecosystem, known as XRPFi.
The first technological updates will begin rolling out within the next two weeks, turning Flare into a fully programmable layer for the historically isolated XRP Ledger (XRPL).
Because XRPL was originally designed exclusively for fast payments and does not support smart contracts, billions of dollars worth of XRP have remained in wallets for years without any practical utility.
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Flare is attempting to solve this problem through its FAssets system. Users can convert their coins into the wrapped FXRP token at a 1:1 ratio via hot wallets, gaining access to staking, liquidity pools, and on-chain lending.
How Flare plans to attract 5 billion XRP over the next six monthsInvestors have embraced the initiative, and FXRP issuance has already exceeded 150 million tokens. In the long term, Philion expects the protocol to attract up to 5 billion XRP, representing approximately 5% of the coin's total supply and potentially creating a real shortage of the asset on exchanges.
At the same time, the team is addressing the main problem of traditional DeFi: complete transparency, which discourages large capital holders.
Starting in the next couple of weeks the next 6 months are going to be transformative for XRPFi through Flare.
— Hugo Philion (@HugoPhilion) July 26, 2026 The upcoming Confidential Compute technology, based on trusted execution environments, or TEEs, will allow institutions to execute large trades and take out loans while keeping commercially sensitive information hidden from competitors, with transactions remaining fully and mathematically verifiable on the main network.
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However, whether the XRP price can justify retail investors' expectations remains an open question. Contrary to hopes of an immediate price surge, the current news backdrop requires realism.
The six-month period outlined by Philion is a window for deploying the code, while institutional players will require additional months to conduct security audits of the new bridges.
In addition, the ecosystem critically needs a large inflow of liquidity in stablecoins such as USDT and USDC before lending protocols can become fully operational, something Flare's management has directly acknowledged during private sessions. Until these infrastructure challenges are resolved, XRP's market price will continue to follow broader macroeconomic trends and Bitcoin's movements, temporarily ignoring local successes achieved by developers.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
As discussions about XRP escrow balance reemerge on social media, XRP community members have shared what they call a current snapshot of Ripple's publicly verifiable XRP escrow holdings.
The update comes amid fresh conversations over Ripple's escrow holdings, with many social media posts citing outdated or conflicting figures.
X user "Saul" observed a lot of discussions about escrowed XRP; however, he noted that the numbers are all over the place. He went ahead and shared a current snapshot of the escrow holdings at 32.4 billion XRP.
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Hussein Zangana, the director of community at the XRP Ledger Foundation, who goes by the name Vet on X, says this figure is validated by the popular XRP Ledger explorer, XRPScan. Vet shared a screenshot from XRPScan showing the circulating supply of XRP, total XRP burned, and escrowed.
XRP activated accounts are currently at 8,019,684; total XRP burned is 14,365,934 XRP; XRP escrowed is 32,445,002,702 XRP, while the current circulating supply stands at 67,526,265,430 XRP.
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Vet shared a further interesting detail, highlighting the transparency around Ripple's public operations regarding the XRPL. He noted that Ripple added to their website, in the XRPL toml file, all of their public operation accounts and addresses on the XRPL, which are also validated with Ripple's UNL validator signature. This shows 20 XRP escrow accounts, 2 clusters, a few validators (only 1 on dUNL), and an RLUSD issuer address.
Ripple newsIn the past week, Ripple launched Ripple Mint, which represents a unified way for institutions to access, mint, redeem, and manage Ripple USD (RLUSD). Ripple Mint improves how institutions access RLUSD by supporting both a user interface for operational control and oversight and programmatic access for automation and system-level integration.
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Notably, an institutional network that handles over $2 trillion in annualized transaction volume announced a strategic investment from Ripple. The partnership aims to accelerate the adoption of compliant stablecoin payments while paving the way for RLUSD to be integrated across one of the world's largest institutional payment networks for digital assets.
Meanwhile, XRP's breakout attempt was halted in its tracks once again.
The spot exchange-traded funds tracking Ripple’s cross-border token started the week strong, hitting a fresh all-time high in terms of total net inflows, but a familiar and slightly worrisome scenario repeated in the following days.
At the same time, the HYPE ETFs have broken their streak and were deep in the red for a second consecutive week.
XRP ETFs: The Good and the Worrisome Data from SoSoValue shows that the spot XRP ETFs attracted $2.49 million on Monday and $5.66 million on Tuesday. That’s the good news. However, the other side of the coin was what happened during the remaining three business days of the week. And, it was something that has repeated and even accelerated in recent weeks.
The same data aggregator shows that there were no reportable net flows during those three days, with $0.00 pointing at each. Something similar was observed last week, when only one day was in the green, while the other four were at $0.00. If we look back, we can see that 10 out of the last 15 trading days have seen zero net flows.
Thus, even though the XRP ETFs ended two consecutive weeks in the green, a more in-depth look into the numbers shows a clear sign that investors’ interest has dwindled lately. Before these two weeks, the funds were on a massive nine-week streak in which they attracted over $150 million.
Nevertheless, the overall data shows that the cumulative total net inflow has risen to almost $1.5 billion, according to SoSoValue, which is an all-time high.
Spot XRP ETF Inflows. Source: SoSoValue Meanwhile, the underlying asset pumped at the beginning of the week, perhaps due to the growing ETF net flows, went from under $1.09 to a multi-day peak of $1.16. However, it was halted there and has returned to below $1.10 as of press time.
You may also like: Do People Interested in XRP Actually Care About Ripple? Classic Bullish XRP Pattern Emerges as Large Wallets Keep Accumulating Relief Rally or Bull Trap? Why This Analyst Says XRP Is Heading Below $1 HYPE ETFs Break Form The spot HYPE ETFs quickly joined the XRP funds as a fan favorite, especially during one week in which they attracted over $110 million to set a record of their own. However, investors have turned their back on those funds in the past two weeks, as net outflows dominate.
During the past five-day trading period, they pulled out over $8.6 million, following another red one in which the net outflows stood at $7.26 million. Thus, the cumulative total net inflows have dropped from an all-time high of $308.60 million to $292.73 million as of Friday’s close.
Binance exchange activity dropped sharply and pulled XRP back into focus after the 30-day deposits and withdrawals declined from roughly 650,000 in June to 350,000 as of writing. The slowdown mirrored the conditions that existed before XRP’s October 2025 rally, prompting fresh speculation about another accumulation phase.
Fewer exchange transactions often reflect lower immediate selling pressure because fewer coins circulate through trading venues. However, reduced activity alone did not guarantee a bullish outcome because participation across the network also cooled.
The latest decline instead suggested that investors preferred holding their positions rather than actively moving funds. As a result, exchange flow remained an important indicator because it highlighted how market participants positioned themselves before the next major price move.
Is XRP’s valuation running ahead? Network valuation shifted into focus after the NVT Ratio climbed 144.21% to 697.6 over the past day. The sharp increase showed that XRP’s market capitalization expanded much faster than its on-chain transaction volume.
Such a divergence typically reflected growing investor confidence, although it also raised concerns that price appreciation outpaced actual network usage.
Even so, the elevated reading complemented the decline in Binance activity because both metrics pointed toward a market with fewer circulating coins and stronger holding behavior. Still, sustained price appreciation would likely require transaction activity to recover alongside valuation.
Otherwise, the widening gap between price and network utility could encourage traders to reassess whether XRP remained fairly valued.
Source: CryptoQuant Bullish funding keeps traders committed Derivatives traders maintained a constructive outlook as Funding Rates rose 52.16% to 0.008685 over the last 24 hours, at the time of writing. The positive reading showed that long-position holders continued paying a premium to keep bullish exposure open.
The behavior reflected steady confidence despite XRP remaining locked inside a relatively narrow trading range. Unlike sharp spikes that often accompanied overheated markets, the current funding level remained positive without signaling excessive leverage.
This balance suggested that bullish conviction stayed intact while speculative positioning remained under control. Even though funding alone could not dictate price direction, it reinforced the broader picture created by shrinking exchange activity and long-term holding behavior.
Consequently, derivatives traders continued supporting the view that buyers retained control of overall market sentiment.
Source: CryptoQuant XRP defends support as breakout pressure builds At press time, XRP traded around $1.09 after repeatedly defending the $1.05 support level throughout July. Buyers previously attempted to reclaim $1.15, yet every advance lost strength before reaching a sustained breakout.
The RSI settled near 47, remaining below the neutral 50 mark while showing signs of stabilization rather than renewed weakness. That reading suggested bearish pressure eased, although buyers still lacked enough strength to seize full control.
Price continued compressing between $1.05 and $1.15, creating a tightening range that often preceded a stronger directional move. If buyers reclaim $1.15, XRP could challenge the next resistance near $1.30.
Alternatively, losing $1.05 would expose the psychological $1.00 level, where buyers would likely attempt another defense before the broader trend became vulnerable.
Source: TradingView Ultimately, the combined decline in Binance activity, higher NVT Ratio, and positive funding rates showed that investors continued favoring accumulation over distribution.
Although transaction activity remained relatively subdued, market positioning stayed constructive across both spot and derivatives markets.
XRP would likely require a decisive break above $1.15 to confirm renewed strength, while continued defense of $1.05 would remain essential for preserving the current bullish structure.
Final Summary XRP exchange activity keeps falling while bullish futures positioning continues supporting market confidence. XRP holds above key support, with buyers now focusing on reclaiming the $1.15 resistance.