JPMorgan Chase & Co. $JPM Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 736,097 shares of the financial services provider’s stock after purchasing an additional 47,348 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.7% of Kestra Advisory Services LLC’s portfolio, making the stock its 18th largest position. Kestra Advisory Services LLC’s holdings in JPMorgan Chase & Co. were worth $243,523,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Horizons Wealth Management purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at $31,000. Aventus Investment Advisors Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $33,000. Timbuktu Capital Management LLC purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter worth about $50,000. Team Financial Group LLC bought a new stake in JPMorgan Chase & Co. in the third quarter worth about $50,000. Finally, NI Acquisitions Company LLC bought a new position in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $51,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.0%

Shares of JPMorgan Chase & Co. stock opened at $342.13 on Wednesday. The stock has a market cap of $908.57 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 1.35 and a beta of 1.03. The firm has a fifty day moving average price of $341.28 and a 200 day moving average price of $324.17. JPMorgan Chase & Co. has a 1 year low of $279.10 and a 1 year high of $366.50. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.85.

JPMorgan Chase & Co. (NYSE:JPM) last announced 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 company had revenue of $50.17 billion for the quarter, compared to analyst estimates of $51.23 billion. JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. JPMorgan Chase & Co.’s revenue for the quarter 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 predict that JPMorgan Chase & Co. will post 23.95 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th were given a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. The ex-dividend date was Tuesday, October 6th. JPMorgan Chase & Co.’s payout ratio is currently 27.68%.

Wall Street Analyst Weigh In

JPM has been the topic of a number of recent analyst reports. HSBC increased their target price on JPMorgan Chase & Co. from $369.00 to $377.00 and gave the stock a “hold” rating in a research note on Monday, September 28th. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a report on Thursday, October 8th. They issued a “hold” rating and a $370.00 price target on the stock. Robert W. Baird increased their price objective on JPMorgan Chase & Co. from $305.00 to $312.00 and gave the company a “neutral” rating in a report on Wednesday, October 14th. Zacks Research lowered JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $370.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $368.33.

Insider Activity at JPMorgan Chase & Co.

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

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: JPMorgan CEO Jamie Dimon is expected to appear in a livestream with Anthropic CEO Dario Amodei about Anthropic’s planned IPO, which is targeting a very high valuation. The event highlights JPMorgan’s connection to a prominent potential offering, though the report does not establish a specific underwriting role or revenue impact. Article: Anthropic Plans IPO Live Stream With Amodei, JPMorgan CEO Dimon
• Neutral Sentiment: JPMorgan expects mergers and acquisitions to slow in 2027, which could weigh on investment-banking advisory fees. The firm sees private-equity exits as a possible offset, leaving the net effect uncertain. Article: JPM Expects M&A Slowdown in 2027: Can Private Equity Exits Offset?
• Negative Sentiment: JPMorgan and its partners may try to sell about $2 billion of Qualtrics debt at roughly 85 cents on the dollar. If completed at that discount, the sale could crystallize a loss and reflects weaker pricing for software-related debt. Article: JPMorgan May Sell $2 Billion of Qualtrics Debt at About 85 Cents on the Dollar

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co. is a global financial services company serving consumers, businesses, institutional clients and governments. Its operations include consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. The company offers services such as deposit accounts, credit cards, mortgages, auto financing, lending, payment processing and investment advice. It also provides institutional clients with investment banking, markets, treasury and securities services, and commercial lending.