Mirae Asset Global Investments Co. Ltd. Makes New $320.21 Million Investment in JPMorgan Chase & Co. $JPM

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 967,890 shares of the financial services provider’s stock, valued at approximately $320,207,000. JPMorgan Chase & Co. accounts for about 0.6% of Mirae Asset Global Investments Co. Ltd.’s investment portfolio, making the stock its 27th largest position.

Several other hedge funds also recently added to or reduced their stakes in the business. ARQ Wealth Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 28.6% during the 3rd quarter. ARQ Wealth Advisors LLC now owns 2,182 shares of the financial services provider’s stock valued at $722,000 after buying an additional 485 shares during the last quarter. Northern Financial Advisors Inc boosted its stake in shares of JPMorgan Chase & Co. by 0.8% in the third quarter. Northern Financial Advisors Inc now owns 10,926 shares of the financial services provider’s stock worth $3,615,000 after buying an additional 89 shares during the last quarter. Stevens Capital Partners boosted its stake in shares of JPMorgan Chase & Co. by 10.5% in the third quarter. Stevens Capital Partners now owns 7,868 shares of the financial services provider’s stock worth $2,603,000 after buying an additional 750 shares during the last quarter. Profund Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 8.9% in the third quarter. Profund Advisors LLC now owns 30,340 shares of the financial services provider’s stock worth $10,037,000 after buying an additional 2,487 shares during the last quarter. Finally, Vise Technologies Inc. grew its holdings in JPMorgan Chase & Co. by 16.7% during the third quarter. Vise Technologies Inc. now owns 294,011 shares of the financial services provider’s stock worth $97,268,000 after acquiring an additional 42,020 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Down 4.2%

Shares of JPMorgan Chase & Co. stock opened at $337.48 on Friday. The firm has a 50-day simple moving average of $342.26 and a two-hundred day simple moving average of $323.62. 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 fifty-two week low of $279.10 and a fifty-two week high of $366.50. The company has a market cap of $897.10 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 1.39 and a beta of 1.03.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, October 13th. The financial services provider reported $5.75 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $50.17 billion for the quarter, compared to analyst estimates of $51.23 billion. During the same quarter last year, the business earned $5.07 earnings per share. JPMorgan Chase & Co.’s revenue was up 8.1% on a year-over-year basis. As a group, equities analysts predict that JPMorgan Chase & Co. will post 23.95 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on JPM shares. The Goldman Sachs Group reiterated an “outperform” rating and set a $392.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 13th. Truist Financial boosted their price target on JPMorgan Chase & Co. from $352.00 to $361.00 and gave the company a “hold” rating in a report on Wednesday, October 14th. Weiss Ratings lowered JPMorgan Chase & Co. from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, October 23rd. UBS Group raised their price objective on shares of JPMorgan Chase & Co. from $395.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday. Finally, HSBC raised their price objective on shares of JPMorgan Chase & Co. from $369.00 to $377.00 and gave the stock a “hold” rating in a research note on Monday, September 28th. 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $368.33.

JPMorgan Chase & Co. News Summary

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 Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. 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 approximately $25,066,092.07. This represents a 3.40% decrease in their ownership of the stock. 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. Corporate insiders own 0.41% of the company’s stock.

About JPMorgan Chase & Co.

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.