2,487 JPMorgan Chase & Co. $JPM Shares Acquired by Profund Advisors LLC

Profund Advisors LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,340 shares of the financial services provider’s stock after buying an additional 2,487 shares during the period. Profund Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $10,037,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of JPM. Vise Technologies Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 16.7% in the 3rd quarter. Vise Technologies Inc. now owns 294,011 shares of the financial services provider’s stock worth $97,268,000 after purchasing an additional 42,020 shares during the period. Investment Partners LTD. grew its holdings in shares of JPMorgan Chase & Co. by 76.5% in the third quarter. Investment Partners LTD. now owns 30,864 shares of the financial services provider’s stock worth $10,211,000 after purchasing an additional 13,380 shares during the last quarter. Intrua Financial LLC grew its stake in JPMorgan Chase & Co. by 1.1% in the 3rd quarter. Intrua Financial LLC now owns 7,544 shares of the financial services provider’s stock worth $2,496,000 after acquiring an additional 81 shares in the last quarter. Blue Fin Capital Inc. grew its stake in JPMorgan Chase & Co. by 0.6% in the third quarter. Blue Fin Capital Inc. now owns 35,797 shares of the financial services provider’s stock worth $11,843,000 after purchasing an additional 220 shares in the last quarter. Finally, BNB Wealth Management LLC increased its stake in shares of JPMorgan Chase & Co. by 10.1% during the third quarter. BNB Wealth Management LLC now owns 3,353 shares of the financial services provider’s stock valued at $1,109,000 after buying an additional 307 shares during the period. Institutional investors own 71.55% of the company’s stock.

Trending Headlines about JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan has formed a strategic partnership to provide AI services to OpenAI. The agreement could create new business opportunities, though the reported potential for an OpenAI IPO in 2027 is not a JPMorgan IPO. OpenAI Forms JPMorgan Partnership Ahead of 2027 IPO
• Positive Sentiment: JPMorgan received approval to open a regulated private-banking branch in Dubai and is adding experienced U.S. private-banking advisers. The moves could support growth in wealth management, although their financial impact was not quantified. What Does JPMorgan Chase Gain From Its Dubai Push And US Hires?
• Neutral Sentiment: J.P. Morgan plans to add Saudi Arabian and Philippine government debt to a major emerging-markets bond index in 2027. This may reinforce its role in benchmark indexing, but the report does not indicate a material near-term effect on earnings. JP Morgan to Add Philippines and Saudi Arabia to Key EM Bond Index
• Negative Sentiment: Senate Finance Committee Democrats are preparing to scrutinize how JPMorgan executives handled the bank’s ties to Jeffrey Epstein. The prospect of congressional investigation creates reputational and potential legal or compliance risk. Democrats to Probe JPMorgan’s Relationship with Epstein
• Negative Sentiment: Democratic control of Congress could mean more scrutiny of banks and less momentum for financial deregulation, adding uncertainty around the sector’s regulatory outlook. Midterm Election Results: What’s Ahead for Financial Stocks?

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $352.81, for a total transaction of $882,025.00. Following the transaction, the insider directly owned 71,047 shares of the company’s stock, valued at $25,066,092.07. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed 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. 0.41% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Down 4.2%

Shares of JPM opened at $337.48 on Friday. The stock has a 50 day moving average price of $342.26 and a 200 day moving average price of $323.62. The stock has a market capitalization of $897.10 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 1.39 and a beta of 1.03. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.85 and a current ratio of 0.85. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share for the quarter, missing the consensus estimate of $5.94 by ($0.19). The business had revenue of $50.17 billion during the quarter, compared to analysts’ expectations of $51.23 billion. JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $5.07 earnings per share. Equities research analysts forecast that JPMorgan Chase & Co. will post 23.95 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th were paid a $1.65 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.0%. JPMorgan Chase & Co.’s dividend payout ratio is 27.68%.

Analyst Upgrades and Downgrades

JPM has been the topic of several research reports. UBS Group lifted their price objective on shares of JPMorgan Chase & Co. from $395.00 to $400.00 and gave the company a “buy” rating in a report on Monday. Zacks Research cut shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Bank of America boosted their price target on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Robert W. Baird increased their price objective on shares of JPMorgan Chase & Co. from $305.00 to $312.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 14th. Finally, Truist Financial lifted their target price on shares of JPMorgan Chase & Co. from $352.00 to $361.00 and gave the company a “hold” rating in a report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $368.33.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, investment banking, payments, asset management and wealth management services to individuals, businesses, governments and institutional clients.

Its major business segments include Consumer & Community Banking, which offers deposit accounts, credit cards, mortgages, auto loans and other financial products; Commercial & Investment Banking, which provides corporate lending, advisory, underwriting, trading, treasury and payments services; and Asset & Wealth Management, which serves individual and institutional investors with investment management, brokerage and related advisory services.

JPMorgan Chase serves customers in the United States and operates internationally through offices and businesses in major financial centers around the world.