114,144 JPMorgan Chase & Co. $JPM Shares Acquired by Waverly Advisors LLC

Key Points

• Waverly Advisors increased its JPMorgan stake by 32.8% in the second quarter, acquiring 114,144 shares for a total of 462,140 shares valued at approximately $151.3 million. Institutional investors and hedge funds own 71.55% of the stock.
• JPMorgan recently reported strong results, with quarterly earnings of $6.14 per share and revenue of $58.02 billion, both exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $363.29.
• The bank raised its quarterly dividend to $1.65 per share, equivalent to a $6.60 annualized payout and a 2.0% yield. Despite positive fundamentals, shares remain below their 50-day moving average amid broader weakness in money-center bank stocks.

Waverly Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 32.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 462,140 shares of the financial services provider's stock after buying an additional 114,144 shares during the period. JPMorgan Chase & Co. makes up approximately 0.9% of Waverly Advisors LLC's holdings, making the stock its 18th biggest holding. Waverly Advisors LLC's holdings in JPMorgan Chase & Co. were worth $151,272,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of JPM. Empirical Finance LLC lifted its stake in JPMorgan Chase & Co. by 3.1% in the second quarter. Empirical Finance LLC now owns 103,311 shares of the financial services provider's stock valued at $33,817,000 after buying an additional 3,073 shares in the last quarter. Nykredit A S bought a new stake in shares of JPMorgan Chase & Co. during the second quarter worth $232,352,000. Parkside Financial Bank & Trust increased its position in shares of JPMorgan Chase & Co. by 1.0% during the second quarter. Parkside Financial Bank & Trust now owns 40,137 shares of the financial services provider's stock worth $13,138,000 after acquiring an additional 407 shares in the last quarter. MLG Wealth Management DBA Pine Grove Financial Group raised its holdings in shares of JPMorgan Chase & Co. by 62.5% during the second quarter. MLG Wealth Management DBA Pine Grove Financial Group now owns 1,805 shares of the financial services provider's stock worth $591,000 after acquiring an additional 694 shares during the period. Finally, Range Advisory LLC raised its holdings in shares of JPMorgan Chase & Co. by 41.1% during the second quarter. Range Advisory LLC now owns 8,876 shares of the financial services provider's stock worth $2,905,000 after acquiring an additional 2,586 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about JPMorgan Chase & Co.

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

• Positive Sentiment: Strong earnings setup: Analysts expect JPMorgan to potentially beat estimates again, citing its history of positive earnings surprises and favorable underlying factors. Its latest reported quarter also exceeded consensus expectations for both earnings and revenue. Will JPMorgan Chase & Co. Beat Estimates Again?
• Positive Sentiment: Dividend and capital appeal: JPMorgan remains a prominent income-stock candidate, with its dividend ex-date approaching. Analysts also highlight the bank’s capital cushion and track record as supporting dividend resilience during a downturn. JPM vs. BAC: The Bank Built to Sustain Dividend Growth
• Positive Sentiment: Potentially clearer regulatory planning: The Federal Reserve’s revised stress-testing framework is intended to reduce swings in bank capital requirements, which could improve JPMorgan’s ability to plan distributions and manage capital. Fed Revamps Bank Stress Tests
• Neutral Sentiment: Management succession planning: JPMorgan elevated Doug Petno and Troy Rohrbaugh to co-presidents as the board prepares for Jamie Dimon’s eventual succession. The move adds structure but also highlights uncertainty around replacing the long-serving CEO. JPMorgan Elevates Co-Presidents
• Neutral Sentiment: Bond-market activity: JPMorgan has completed several fixed-income offerings, increasing funding while investors assess the implications for its capital structure. The activity is not necessarily negative, but it may reinforce scrutiny of leverage and funding costs. JPMorgan Taps Bond Markets
• Negative Sentiment: Sector-wide selling: JPMorgan is being dragged lower with other money-center banks as investors reduce exposure to financial stocks. Citigroup and Bank of America also declined, indicating the pressure is broader than company-specific news. Bank Stocks Slide
• Negative Sentiment: Technical pressure: JPM shares are trading below their 50-day moving average, a signal that near-term momentum has weakened and that investors may remain cautious despite the stock’s longer-term fundamentals. JPMorgan Trades Below 50-Day SMA

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on JPM shares. Jefferies Financial Group reaffirmed a "neutral" rating on shares of JPMorgan Chase & Co. in a research note on Friday, September 25th. Weiss Ratings raised JPMorgan Chase & Co. from a "buy (b)" rating to a "buy (b+)" rating in a research note on Wednesday, September 2nd. Citigroup boosted their price target on JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a "neutral" rating in a report on Monday, July 20th. Evercore restated an "outperform" rating and issued a $360.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 6th. Finally, Zacks Research cut JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. Sixteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $363.29.

JPMorgan Chase & Co. Stock Up 0.7%

NYSE:JPM opened at $333.09 on Friday. The firm has a market capitalization of $885.42 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 1.38 and a beta of 1.02. JPMorgan Chase & Co. has a twelve month low of $279.10 and a twelve month high of $366.50. The stock's 50 day moving average price is $352.86 and its two-hundred day moving average price is $327.08. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.59 by $0.55. The business had revenue of $58.02 billion during the quarter, compared to analysts' expectations of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The firm's revenue was up 27.7% on a year-over-year basis. During the same period last year, the business earned $4.96 earnings per share. Equities research analysts expect that JPMorgan Chase & Co. will post 24.11 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be paid a $1.65 dividend. 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 yield of 2.0%. The ex-dividend date is Tuesday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio is 25.71%.

Insider Activity at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the business's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $352.81, for a total transaction of $882,025.00. Following the transaction, the insider directly owned 71,047 shares in the company, valued at $25,066,092.07. The trade was a 3.40% 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 currently owned by company insiders.

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.

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