JPMorgan Chase & Co. $JPM Shares Bought by James J. Burns & Company LLC

James J. Burns & Company LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 17.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,969 shares of the financial services provider’s stock after purchasing an additional 1,957 shares during the period. James J. Burns & Company LLC’s holdings in JPMorgan Chase & Co. were worth $4,291,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Horizons Wealth Management purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter worth about $31,000. Aventus Investment Advisors Inc. acquired a new stake in JPMorgan Chase & Co. during the second quarter worth about $33,000. Timbuktu Capital Management LLC purchased a new position in JPMorgan Chase & Co. during the second quarter valued at approximately $50,000. NI Acquisitions Company LLC purchased a new position in JPMorgan Chase & Co. during the second quarter valued at approximately $51,000. Finally, Turim 21 Investimentos Ltda. purchased a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $62,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $375.00 to $390.00 and gave the stock an “overweight” rating in a research note on Friday, August 14th. 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. Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $370.00 to $377.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 14th. Freedom Broker raised shares of JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 15th. Finally, HSBC raised their price target on shares of JPMorgan Chase & Co. from $369.00 to $377.00 and gave the company a “hold” rating in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $368.10.

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: JPMorgan has reportedly secured a leading role in Anthropic’s planned IPO, overseeing U.S. retail share sales. The bank is also involved in the SpaceX offering, potentially providing additional underwriting, distribution and advisory fees while reinforcing its position in high-profile technology IPOs. Anthropic Selects JPMorgan to Lead US Retail Share Sales for Planned IPO
• Positive Sentiment: JPMorgan is participating in the DTCC’s new tokenization service and has expanded its JPM Coin deposit token, JPMD, to Ethereum for approved institutional clients. These initiatives could create longer-term opportunities in payments, settlement and digital-asset infrastructure. DTCC unit launches tokenization services
• Positive Sentiment: J.P. Morgan Asset Management continues to promote attractive fixed-income yields and expects potentially strong bond returns. Greater investor demand for bonds could support asset-management flows, although the benefit to JPMorgan Chase is indirect. Why higher yields are making bonds attractive again
• Neutral Sentiment: JPMorgan formally objected to OKXICE’s proposed tokenized-stock platform, joining 33 companies concerned about unauthorized tokenization. The move may protect shareholder and regulatory interests but could slow adoption of competing tokenized-equity venues. Companies oppose OKXICE tokenized stock push
• Negative Sentiment: A JPMorgan wealth-management advisory group overseeing more than $1.4 billion in client assets reportedly moved to Rockefeller Capital Management. The departure raises concerns about adviser retention and possible pressure on wealth-management revenue. JPMorgan losing $1.4 billion in advisory assets
• Negative Sentiment: CEO Jamie Dimon continues to highlight sticky inflation, elevated asset prices, rising rates, deficits and geopolitical tensions. JPMorgan’s recent earnings miss, higher credit-loss provisions and slower buybacks underscore the potential for macroeconomic pressure on future results. Jamie Dimon names five threats to the economy

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $339.33 on Thursday. The stock has a market capitalization of $902.00 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 1.31 and a beta of 1.02. JPMorgan Chase & Co. has a twelve month low of $279.10 and a twelve month high of $366.50. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.31. The stock has a 50-day moving average of $343.93 and a 200 day moving average of $322.85.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.94 by ($0.19). JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The business had revenue of $50.17 billion for the quarter, compared to analysts’ expectations of $51.23 billion. During the same quarter in the prior year, the company posted $5.07 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 23.97 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be paid a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.68%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total transaction of $882,025.00. Following the transaction, the insider owned 71,047 shares in the company, valued at $25,066,092.07. This trade represents a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Company 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.