JPMorgan Chase & Co. $JPM Holdings Boosted by Congress Asset Management Co.

Congress Asset Management Co. increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 22.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 127,614 shares of the financial services provider’s stock after buying an additional 23,097 shares during the quarter. Congress Asset Management Co.’s holdings in JPMorgan Chase & Co. were worth $42,219,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Boyum Wealth Architects LLC lifted its stake in shares of JPMorgan Chase & Co. by 5.7% in the 3rd quarter. Boyum Wealth Architects LLC now owns 1,228 shares of the financial services provider’s stock valued at $408,000 after acquiring an additional 66 shares during the last quarter. Byrne Asset Management LLC grew its position in JPMorgan Chase & Co. by 0.4% during the 3rd quarter. Byrne Asset Management LLC now owns 8,925 shares of the financial services provider’s stock worth $2,974,000 after acquiring an additional 37 shares during the last quarter. Horizons Wealth Management bought a new position in JPMorgan Chase & Co. during the 3rd quarter worth approximately $31,000. CapWealth Advisors LLC increased its stake in JPMorgan Chase & Co. by 5.2% in the 3rd quarter. CapWealth Advisors LLC now owns 3,157 shares of the financial services provider’s stock worth $1,044,000 after purchasing an additional 157 shares during the period. Finally, Adelphi Trust Co increased its stake in JPMorgan Chase & Co. by 1.6% in the 3rd quarter. Adelphi Trust Co now owns 9,981 shares of the financial services provider’s stock worth $3,302,000 after purchasing an additional 156 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider owned 71,047 shares of the company’s stock, valued at approximately $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 can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JPM. Truist Financial increased their price objective on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. HSBC lifted their target price 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. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $375.00 price target for the company in a report on Wednesday, July 22nd. 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, UBS Group cut their price target on shares of JPMorgan Chase & Co. from $400.00 to $395.00 and set a “buy” rating on the stock in a report on Monday. Sixteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $363.08.

JPMorgan Chase & Co. News Roundup

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

• Positive Sentiment: JPMorgan’s upcoming third-quarter report is expected to show earnings growth, with analysts citing favorable revenue trends and the potential for another earnings beat. The bank’s equities business reportedly surged 86% in the prior quarter, which could support trading and investment-banking revenue. JPMorgan earnings expectations
• Positive Sentiment: JPMorgan hired veteran dealmaker Rob Sweeney as global chair of investment banking, signaling continued expansion in a business that could benefit from a recovery in mergers, acquisitions and capital markets activity. JPMorgan hires Rob Sweeney
• Positive Sentiment: JPMorgan provided institutional-settlement expertise to Solana’s new delivery-versus-payment program, highlighting the bank’s involvement in blockchain infrastructure and potentially strengthening its position in emerging financial technology. Solana settlement program
• Neutral Sentiment: J.P. Morgan Asset Management expanded its Retirement Link platform with additional in-plan retirement-income solutions and administrative capabilities. The move supports long-term asset-management growth but is unlikely to materially affect near-term results. Retirement Link enhancements
• Negative Sentiment: Dimon said AI-related threats increased sharply after Anthropic released its Mythos model, raising concerns about cybersecurity vulnerabilities and the potential cost of protecting JPMorgan’s systems and customers. Dimon AI risk warning
• Negative Sentiment: Dimon also warned that inflation may remain sticky, interest rates could rise and global competition for capital could pressure corporate borrowers. Those comments point to potential stress in credit markets and weaker demand for financing, weighing on investor sentiment toward banks. Dimon corporate credit warning

JPMorgan Chase & Co. Trading Down 0.3%

Shares of NYSE JPM traded down $0.84 during midday trading on Tuesday, hitting $331.54. 6,286,203 shares of the company traded hands, compared to its average volume of 9,245,578. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $366.50. The firm has a market cap of $881.28 billion, a P/E ratio of 14.20, a P/E/G ratio of 1.39 and a beta of 1.02. The stock has a 50-day moving average price of $351.96 and a 200 day moving average price of $327.72. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, topping the consensus estimate of $5.59 by $0.55. The business had revenue of $58.02 billion during the quarter, compared to analyst estimates of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. JPMorgan Chase & Co.’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period last year, the business posted $4.96 earnings per share. As a group, analysts expect that JPMorgan Chase & Co. will post 24.11 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be issued a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a yield of 2.0%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. The ex-dividend date is Tuesday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 28.28%.

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, investment banking, asset management, private banking, commercial banking, consumer lending and payment services to individuals, businesses, institutions and governments.

The company operates through major business areas that include Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management. Its products and services include deposit accounts, credit cards, mortgages, auto loans, business financing, investment and advisory services, securities trading and custody, payment processing, and wealth-management solutions.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across international markets.