3,281 JPMorgan Chase & Co. $JPM Shares Purchased by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management increased its JPMorgan stake by 3.4% in the third quarter, purchasing 3,281 additional shares for a total position of 101,156 shares valued at approximately $33.5 million. Institutional investors collectively own 71.55% of the company.
• Analysts maintain a “Moderate Buy” consensus on JPMorgan, with an average price target of $368.10, despite the bank’s latest quarterly earnings and revenue falling short of estimates.
• JPMorgan raised its quarterly dividend from $1.50 to $1.65 per share, equivalent to $6.60 annually and a 1.9% yield; the stock opened at $339.33, with a market capitalization of roughly $902 billion.

Evergreen Capital Management LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,156 shares of the financial services provider's stock after purchasing an additional 3,281 shares during the period. Evergreen Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $33,465,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Concorde Asset Management LLC grew its position in shares of JPMorgan Chase & Co. by 1.1% in the 2nd quarter. Concorde Asset Management LLC now owns 2,660 shares of the financial services provider's stock valued at $871,000 after buying an additional 29 shares during the last quarter. Elevation Wealth Management LLC raised its stake in JPMorgan Chase & Co. by 1.0% during the 2nd quarter. Elevation Wealth Management LLC now owns 3,074 shares of the financial services provider's stock worth $1,006,000 after acquiring an additional 29 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. raised its stake in JPMorgan Chase & Co. by 0.8% during the 2nd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,531 shares of the financial services provider's stock worth $1,156,000 after acquiring an additional 29 shares in the last quarter. Arkansas Financial Group Inc. lifted its position in JPMorgan Chase & Co. by 1.1% in the second quarter. Arkansas Financial Group Inc. now owns 2,667 shares of the financial services provider's stock valued at $873,000 after acquiring an additional 30 shares during the last quarter. Finally, Flynn Zito Capital Management LLC lifted its position in JPMorgan Chase & Co. by 1.1% in the second quarter. Flynn Zito Capital Management LLC now owns 2,830 shares of the financial services provider's stock valued at $926,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on JPM shares. Weiss Ratings downgraded shares of JPMorgan Chase & Co. from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Friday, October 23rd. Freedom Broker upgraded JPMorgan Chase & Co. from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 15th. Bank of America boosted their target price on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a "buy" rating in a report on Thursday, July 16th. Evercore reissued an "outperform" rating and issued a $360.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 6th. Finally, Citigroup decreased their target price on JPMorgan Chase & Co. from $360.00 to $350.00 and set a "neutral" rating for the company in a research report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and a consensus price target of $368.10.

JPMorgan Chase & Co. Stock Up 1.1%

JPM opened at $339.33 on Thursday. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $366.50. The business has a 50 day moving average price of $343.93 and a two-hundred day moving average price of $322.85. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. The company has a market cap of $902.00 billion, a PE ratio of 14.23, a P/E/G ratio of 1.31 and a beta of 1.02.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share for the quarter, missing the consensus estimate of $5.94 by ($0.19). The company had revenue of $50.17 billion during the quarter, compared to analysts' expectations of $51.23 billion. JPMorgan Chase & Co. had a net margin of 21.85% and a return on equity of 18.48%. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $5.07 earnings per share. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 23.97 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Tuesday, October 6th will be issued a dividend of $1.65 per share. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio is 27.68%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. 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 transaction, the insider directly owned 71,047 shares in the company, valued at $25,066,092.07. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by corporate insiders.

Trending Headlines about JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan has reportedly secured a leading role in Anthropic’s planned IPO, overseeing U.S. retail share sales. The bank is also involved in the SpaceX offering, potentially providing additional underwriting, distribution and advisory fees while reinforcing its position in high-profile technology IPOs. Anthropic Selects JPMorgan to Lead US Retail Share Sales for Planned IPO
• Positive Sentiment: JPMorgan is participating in the DTCC’s new tokenization service and has expanded its JPM Coin deposit token, JPMD, to Ethereum for approved institutional clients. These initiatives could create longer-term opportunities in payments, settlement and digital-asset infrastructure. DTCC unit launches tokenization services
• Positive Sentiment: J.P. Morgan Asset Management continues to promote attractive fixed-income yields and expects potentially strong bond returns. Greater investor demand for bonds could support asset-management flows, although the benefit to JPMorgan Chase is indirect. Why higher yields are making bonds attractive again
• Neutral Sentiment: JPMorgan formally objected to OKXICE’s proposed tokenized-stock platform, joining 33 companies concerned about unauthorized tokenization. The move may protect shareholder and regulatory interests but could slow adoption of competing tokenized-equity venues. Companies oppose OKXICE tokenized stock push
• Negative Sentiment: A JPMorgan wealth-management advisory group overseeing more than $1.4 billion in client assets reportedly moved to Rockefeller Capital Management. The departure raises concerns about adviser retention and possible pressure on wealth-management revenue. JPMorgan losing $1.4 billion in advisory assets
• Negative Sentiment: CEO Jamie Dimon continues to highlight sticky inflation, elevated asset prices, rising rates, deficits and geopolitical tensions. JPMorgan’s recent earnings miss, higher credit-loss provisions and slower buybacks underscore the potential for macroeconomic pressure on future results. Jamie Dimon names five threats to the economy

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.

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