3,968 JPMorgan Chase & Co. $JPM Shares Purchased by Lighthouse Financial LLC

Key Points

• Lighthouse Financial LLC increased its JPMorgan Chase holdings by 247.5% in the third quarter, purchasing 3,968 additional shares for a total of 5,571 shares valued at approximately $1.84 million.
• JPMorgan reported quarterly EPS of $5.75, below the $5.94 consensus estimate, while revenue of $50.17 billion also missed expectations despite rising 8.1% year over year.
• The bank raised its quarterly dividend to $1.65 per share, equivalent to a 1.9% yield, and analysts maintained a “Moderate Buy” consensus with an average price target of $368.10.

Lighthouse Financial LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 247.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,571 shares of the financial services provider's stock after purchasing an additional 3,968 shares during the period. JPMorgan Chase & Co. comprises about 0.8% of Lighthouse Financial LLC's portfolio, making the stock its 27th largest holding. Lighthouse Financial LLC's holdings in JPMorgan Chase & Co. were worth $1,843,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Investment Advisors LLC increased its position in JPMorgan Chase & Co. by 1.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 238,914 shares of the financial services provider's stock valued at $79,040,000 after acquiring an additional 3,228 shares during the period. Beaumont Financial Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 3.6% in the third quarter. Beaumont Financial Advisors LLC now owns 16,767 shares of the financial services provider's stock worth $5,547,000 after purchasing an additional 584 shares in the last quarter. Capital City Trust Co. FL grew its stake in shares of JPMorgan Chase & Co. by 0.7% in the third quarter. Capital City Trust Co. FL now owns 21,110 shares of the financial services provider's stock worth $6,984,000 after purchasing an additional 142 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 1.7% in the third quarter. Fifth Third Wealth Advisors LLC now owns 147,554 shares of the financial services provider's stock worth $48,815,000 after purchasing an additional 2,410 shares in the last quarter. Finally, BRIA Capital Group LLC increased its holdings in shares of JPMorgan Chase & Co. by 17.4% during the third quarter. BRIA Capital Group LLC now owns 5,169 shares of the financial services provider's stock valued at $1,710,000 after purchasing an additional 765 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Insiders Place Their Bets

In related news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, September 10th. The stock was 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 of the company's stock, valued at $25,066,092.07. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

JPM opened at $339.33 on Thursday. 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 debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $902.00 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 1.31 and a beta of 1.02. JPMorgan Chase & Co. has a 1-year low of $279.10 and a 1-year high of $366.50.

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

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Investors 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 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.68%.

Key Stories Impacting 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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. HSBC increased their target price on shares of JPMorgan Chase & Co. from $369.00 to $377.00 and gave the company a "hold" rating in a research report on Monday, September 28th. Robert W. Baird raised their target price on shares of JPMorgan Chase & Co. from $305.00 to $312.00 and gave the company a "neutral" rating in a research note on Wednesday, October 14th. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, October 8th. They set a "hold" rating and a $370.00 target price on the stock. Finally, Jefferies Financial Group restated a "neutral" rating on shares of JPMorgan Chase & Co. in a research report on Friday, September 25th. One equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $368.10.

JPMorgan Chase & Co. Profile

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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