Rakuten Investment Management Inc. Acquires 38,696 Shares of JPMorgan Chase & Co. $JPM

Rakuten Investment Management Inc. grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 8.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 477,115 shares of the financial services provider’s stock after purchasing an additional 38,696 shares during the period. JPMorgan Chase & Co. makes up 0.4% of Rakuten Investment Management Inc.’s portfolio, making the stock its 22nd biggest position. Rakuten Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $159,824,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. MFG Investments LLC acquired a new position in JPMorgan Chase & Co. during the third quarter valued at $634,000. Provenance Wealth Advisors LLC lifted its stake in JPMorgan Chase & Co. by 1,775.9% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 27,370 shares of the financial services provider’s stock worth $9,055,000 after acquiring an additional 25,911 shares in the last quarter. Ackerman Capital Advisors LLC boosted its position in JPMorgan Chase & Co. by 6.0% during the 3rd quarter. Ackerman Capital Advisors LLC now owns 3,603 shares of the financial services provider’s stock worth $1,192,000 after acquiring an additional 205 shares during the period. Hughes Financial Services LLC boosted its position in JPMorgan Chase & Co. by 1.2% during the 3rd quarter. Hughes Financial Services LLC now owns 3,756 shares of the financial services provider’s stock worth $1,290,000 after acquiring an additional 43 shares during the period. Finally, Lyell Wealth Management LP boosted its position in JPMorgan Chase & Co. by 0.3% during the 3rd quarter. Lyell Wealth Management LP now owns 103,848 shares of the financial services provider’s stock worth $34,356,000 after acquiring an additional 274 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on JPM shares. Freedom Broker upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 15th. Barclays boosted their price target on JPMorgan Chase & Co. from $420.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 14th. Jefferies Financial Group reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Friday, September 25th. Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $375.00 to $390.00 and gave the company an “overweight” rating in a report on Friday, August 14th. Finally, Citigroup cut their price objective on JPMorgan Chase & Co. from $360.00 to $350.00 and set a “neutral” rating on the stock in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $368.33.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $334.67 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.31. The company has a fifty day simple moving average of $341.87 and a 200 day simple moving average of $323.78. The company has a market cap of $888.75 billion, a P/E ratio of 14.04, a P/E/G ratio of 1.32 and a beta of 1.03. JPMorgan Chase & Co. has a 1 year low of $279.10 and a 1 year high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.94 by ($0.19). The firm had revenue of $50.17 billion during the quarter, compared to analyst estimates of $51.23 billion. JPMorgan Chase & Co. had a net margin of 21.85% and a return on equity of 18.48%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.07 earnings per share. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 23.95 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

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

Insider Activity

In other news, insider Robin Leopold sold 2,500 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total value of $882,025.00. Following the sale, the insider owned 71,047 shares in the company, 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 legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.41% of the company’s stock.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan’s disciplined duration management and stable deposits may help protect its balance sheet if rates remain high. However, funding costs and regulatory exposure are still risks. JPM Flags Higher Rate Risks: Can Its Balance Sheet Stay Resilient?
• Positive Sentiment: ETFs bought about $65.6 million of JPM shares on Nov. 4, a supportive demand signal, though one day of flows may not indicate a lasting trend. 42 ETFs Add to JPMorgan Chase (JPM) on Nov. 4
• Neutral Sentiment: JPMorgan’s M&A chief expects a softer 2027, but suggested private-equity firms may eventually need to sell assets, potentially improving exit activity. JPMorgan’s M&A chief sees softer 2027—but a potential upside surprise in private equity exits
• Negative Sentiment: Senate Finance Committee Democrats plan to scrutinize JPMorgan’s relationship with Epstein and how senior executives handled it. The probe could prolong reputational and regulatory uncertainty; the reports do not establish wrongdoing. Democrats to probe JPMorgan’s relationship with Epstein when they take Senate control

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a global financial services company serving consumers, businesses, institutional clients and governments. Its operations include consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management.

The company offers services such as deposit accounts, credit cards, mortgages, auto financing, lending, payment processing and investment advice. It also provides institutional clients with investment banking, markets, treasury and securities services, and commercial lending.

Headquartered in New York City, JPMorgan Chase serves customers across the United States and operates in many international markets.