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

James J. Burns & Company LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 17.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,969 shares of the financial services provider’s stock after acquiring an additional 1,957 shares during the quarter. James J. Burns & Company LLC’s holdings in JPMorgan Chase & Co. were worth $4,291,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Concorde Asset Management LLC lifted its position in shares of JPMorgan Chase & Co. by 1.1% in the second quarter. Concorde Asset Management LLC now owns 2,660 shares of the financial services provider’s stock valued at $871,000 after acquiring an additional 29 shares in the last quarter. Elevation Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.0% in the second quarter. Elevation Wealth Management LLC now owns 3,074 shares of the financial services provider’s stock worth $1,006,000 after acquiring an additional 29 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. increased its position in shares of JPMorgan Chase & Co. by 0.8% during the second quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,531 shares of the financial services provider’s stock worth $1,156,000 after purchasing an additional 29 shares in the last quarter. Arkansas Financial Group Inc. increased its position in shares of JPMorgan Chase & Co. by 1.1% during the second quarter. Arkansas Financial Group Inc. now owns 2,667 shares of the financial services provider’s stock worth $873,000 after purchasing an additional 30 shares in the last quarter. Finally, Flynn Zito Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 1.1% during the second quarter. Flynn Zito Capital Management LLC now owns 2,830 shares of the financial services provider’s stock worth $926,000 after purchasing an additional 30 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

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

Wall Street Analyst Weigh In

JPM has been the subject of several recent research reports. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $370.00 to $377.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 14th. Freedom Broker raised shares of JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 15th. The Goldman Sachs Group reaffirmed an “outperform” rating and set a $392.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 13th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 14th. Finally, UBS Group reduced their target price on shares of JPMorgan Chase & Co. from $400.00 to $395.00 and set a “buy” rating for the company in a research report on Monday, October 5th. One 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $368.10.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the 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 completion of the transaction, the insider owned 71,047 shares of the company’s stock, valued at $25,066,092.07. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by insiders.

JPMorgan Chase & Co. Trading Up 1.1%

JPM opened at $339.33 on Thursday. The firm has a market capitalization of $902.00 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 1.31 and a beta of 1.02. The company’s 50 day simple moving average is $343.93 and its two-hundred day simple moving average is $322.85. 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 issued its earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.94 by ($0.19). JPMorgan Chase & Co. had a net margin of 21.85% and a return on equity of 18.48%. The company had revenue of $50.17 billion during the quarter, compared to analysts’ expectations of $51.23 billion. During the same quarter in the previous year, the company earned $5.07 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. Analysts expect that JPMorgan Chase & Co. will post 23.97 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

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.