JPMorgan Chase & Co. $JPM Stock Bought by Net Worth Advisory Group

Net Worth Advisory Group lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 25.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 10,238 shares of the financial services provider’s stock after purchasing an additional 2,051 shares during the period. JPMorgan Chase & Co. makes up approximately 0.8% of Net Worth Advisory Group’s holdings, making the stock its 18th biggest holding. Net Worth Advisory Group’s holdings in JPMorgan Chase & Co. were worth $3,411,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in JPM. E Fund Management Co. Ltd. grew its holdings in shares of JPMorgan Chase & Co. by 7.1% during the 2nd quarter. E Fund Management Co. Ltd. now owns 29,956 shares of the financial services provider’s stock worth $9,805,000 after purchasing an additional 1,973 shares during the period. Edmond DE Rothschild Holding S.A. increased its position in JPMorgan Chase & Co. by 4.6% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 343,644 shares of the financial services provider’s stock worth $112,485,000 after purchasing an additional 15,017 shares in the last quarter. Neumann Capital Management LLC purchased a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $3,457,000. First National Bank of Mount Dora Trust Investment Services raised its holdings in JPMorgan Chase & Co. by 18.7% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 41,218 shares of the financial services provider’s stock valued at $12,125,000 after buying an additional 6,492 shares during the period. Finally, FAS Wealth Partners Inc. raised its holdings in JPMorgan Chase & Co. by 4.3% in the first quarter. FAS Wealth Partners Inc. now owns 43,527 shares of the financial services provider’s stock valued at $12,804,000 after buying an additional 1,794 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total transaction of $882,025.00. Following the sale, the insider owned 71,047 shares in the company, valued at $25,066,092.07. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on JPM. Evercore reaffirmed an “outperform” rating and set a $360.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. Truist Financial increased their price objective on shares of JPMorgan Chase & Co. from $352.00 to $361.00 and gave the stock a “hold” rating in a research report on Wednesday, October 14th. Royal Bank Of Canada reissued an “outperform” rating and issued a $370.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. The Goldman Sachs Group reissued an “outperform” rating and issued a $392.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 13th. Finally, Wells Fargo & Company lifted their target price on shares of JPMorgan Chase & Co. from $375.00 to $390.00 and gave the company an “overweight” rating in a report on Friday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $368.10.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $336.43 on Friday. The company has a market cap of $894.28 billion, a P/E ratio of 14.11, a PEG ratio of 1.32 and a beta of 1.02. 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 one year low of $279.10 and a one year high of $366.50. The business’s 50-day simple moving average is $346.03 and its 200 day simple moving average is $331.70.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $5.75 EPS 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%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $5.07 earnings per share. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 23.99 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be paid a dividend of $1.65 per share. 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 dividend yield of 2.0%. The ex-dividend date is Tuesday, October 6th. JPMorgan Chase & Co.’s payout ratio is 27.68%.

Key Stories Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan expanded its USD-backed JPM Coin to the public Ethereum mainnet, allowing institutional clients to make on-chain dollar transfers with faster settlement and 24/7 availability. The move could broaden adoption of JPMorgan’s payment infrastructure and strengthen its competitive position in institutional digital assets. JPMorgan Chase Takes JPM Coin to Ethereum for Institutional Payments
• Positive Sentiment: J.P. Morgan Asset Management made its tokenized money-market funds available on Solana for qualified U.S. investors. Multi-chain distribution could expand assets on the firm’s on-chain platform and create longer-term fee and deposit opportunities. J.P. Morgan Asset Management Expands Access to Its Tokenized Money Market Funds on Solana
• Positive Sentiment: JPMorgan, Goldman Sachs and Morgan Stanley reportedly captured nearly 80% of the top-five banks’ equity-trading revenue this year, with activity boosted by institutional demand for leveraged artificial-intelligence trades. Strong trading revenue is a favorable catalyst for JPM’s markets business. Goldman Sachs, JPMorgan and Morgan Stanley are dominating the AI stock boom
• Positive Sentiment: JPMorgan’s dividend and balance-sheet profile were highlighted favorably among major U.S. banks, reinforcing its reputation as a well-capitalized income investment. These 4 Big Banks Pay Similar Dividends
• Neutral Sentiment: JPMorgan Asset Management forecast a 10% annualized return for Bitcoin over the next 10–15 years, but its 55% volatility means Bitcoin is not being included in the firm’s core portfolio models. The forecast enhances JPM’s digital-assets profile but is not a direct earnings catalyst. JPMorgan Puts a Number on Bitcoin for the First Time
• Negative Sentiment: The bank’s latest quarterly results missed consensus estimates for both earnings per share and revenue, despite year-over-year growth. That performance remains a potential overhang, particularly with the stock trading below its 50-day moving average.

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.