Pacific Excel Wealth Advisors Inc. Acquires 2,209 Shares of JPMorgan Chase & Co. $JPM

Pacific Excel Wealth Advisors Inc. raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 181.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,425 shares of the financial services provider’s stock after purchasing an additional 2,209 shares during the period. Pacific Excel Wealth Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $1,121,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of JPM. Pathway Financial Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 12.2% during the second quarter. Pathway Financial Advisors LLC now owns 1,687 shares of the financial services provider’s stock valued at $564,000 after purchasing an additional 183 shares in the last quarter. Howard Financial Services LTD. raised its stake in JPMorgan Chase & Co. by 7.7% in the second quarter. Howard Financial Services LTD. now owns 7,710 shares of the financial services provider’s stock worth $2,524,000 after buying an additional 551 shares in the last quarter. jvl associates llc raised its stake in JPMorgan Chase & Co. by 1.6% in the second quarter. jvl associates llc now owns 2,466 shares of the financial services provider’s stock worth $807,000 after buying an additional 38 shares in the last quarter. Vigilare Wealth Management lifted its holdings in JPMorgan Chase & Co. by 0.7% during the second quarter. Vigilare Wealth Management now owns 6,897 shares of the financial services provider’s stock worth $2,258,000 after buying an additional 45 shares during the period. Finally, Stonebridge Financial Group LLC boosted its position in JPMorgan Chase & Co. by 4.8% during the 2nd quarter. Stonebridge Financial Group LLC now owns 38,079 shares of the financial services provider’s stock valued at $12,464,000 after acquiring an additional 1,753 shares in the last quarter. Hedge funds and other 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: Large housing initiative could expand lending opportunities: JPMorgan plans to deploy more than $750 billion through 2035 through its American Dream Initiative. The program targets financing for 1 million affordable housing units, helping 500,000 people purchase homes, hiring 850 home-lending advisers and increasing mortgage lending by more than 40%. The initiative could support long-term loan growth, although its eventual profitability remains a key question. JPMorganChase Doubles Down on Housing
• Positive Sentiment: Broad financial-sector momentum provides a tailwind: The NYSE Financial Index advanced during Tuesday trading, indicating continued investor interest in banks and other financial companies as markets rotate toward established, value-oriented businesses. Sector Update: Financial Stocks Rise Late Afternoon
• Positive Sentiment: Potential infrastructure-finance transaction: JPMorgan is reportedly nearing a deal to acquire Idex, a French cooling-network provider owned by Antin Infrastructure Partners. The transaction could expand the bank’s investment-banking or infrastructure-finance footprint, though terms and strategic benefits have not been disclosed. JPMorgan Said to Near Deal For Antin’s French Cooling Network Provider
• Neutral Sentiment: Mixed interest-rate signals: JPMorgan economists reportedly moved up their forecast for a potential Federal Reserve rate increase before year-end, citing inflation and concerns about Fed credibility. Higher rates can support banks’ interest income, but they may also weaken loan demand and raise credit-risk concerns. JPMorgan says Warsh failure to buttress Fed credibility may force a rate hike
• Negative Sentiment: Valuation and macro concerns could limit upside: Analysts note that JPM’s strong recent share performance may already reflect much of the housing and earnings optimism. CEO Jamie Dimon has also warned that U.S. stocks and long-duration Treasuries appear expensive, a cautionary message for market valuations and investor sentiment. Jamie Dimon Just Said He Wouldn’t Buy the S&P 500 or Long-Dated Treasuries

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $357.75 on Wednesday. The stock has a fifty day moving average price of $330.75 and a 200-day moving average price of $312.43. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $363.00. The firm has a market cap of $958.58 billion, a PE ratio of 15.33, a P/E/G ratio of 1.45 and a beta of 0.99. The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The business had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. During the same quarter last year, the company earned $4.96 earnings per share. The company’s quarterly revenue was up 27.7% on a year-over-year basis. Equities research analysts predict that JPMorgan Chase & Co. will post 24.27 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Monday, July 6th were paid a $1.50 dividend. The ex-dividend date was Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.71%.

Wall Street Analyst Weigh In

JPM has been the topic of a number of analyst reports. Jefferies Financial Group set a $350.00 price target on JPMorgan Chase & Co. in a report on Tuesday, July 14th. HSBC raised their price objective on JPMorgan Chase & Co. from $288.00 to $312.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Barclays lifted their target price on JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Robert W. Baird increased their price target on shares of JPMorgan Chase & Co. from $295.00 to $305.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Finally, Royal Bank Of Canada raised their price target on shares of JPMorgan Chase & Co. from $330.00 to $370.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $359.33.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 5,467 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the sale, the general counsel owned 40,961 shares of the company’s stock, valued at approximately $13,547,031.53. The trade was a 11.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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. Company Profile

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.