5,300 Shares in JPMorgan Chase & Co. $JPM Bought by Bamco Inc. NY

Key Points

• Bamco Inc. NY acquired 5,300 JPMorgan shares during the second quarter, valued at approximately $1.735 million. Institutional investors and hedge funds collectively own 71.55% of the stock.
• JPMorgan reported strong quarterly results, with $6.14 in earnings per share and $58.02 billion in revenue, while revenue increased 27.7% year over year. The company also raised its quarterly dividend from $1.50 to $1.65 per share.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $359.96, although one firm recently downgraded the stock to “Hold.”

Bamco Inc. NY acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,300 shares of the financial services provider's stock, valued at approximately $1,735,000.

Several other institutional investors also recently bought and sold shares of JPM. Bank of America Corp DE lifted its stake in shares of JPMorgan Chase & Co. by 6.1% in the second quarter. Bank of America Corp DE now owns 69,666,753 shares of the financial services provider's stock worth $22,804,018,000 after buying an additional 4,006,293 shares in the last quarter. Blodgett Wealth Advisors LLC grew its stake in JPMorgan Chase & Co. by 1.2% during the 2nd quarter. Blodgett Wealth Advisors LLC now owns 10,916 shares of the financial services provider's stock valued at $3,573,000 after acquiring an additional 126 shares in the last quarter. Vantage Point Financial LLC raised its holdings in JPMorgan Chase & Co. by 11.3% in the 2nd quarter. Vantage Point Financial LLC now owns 1,496 shares of the financial services provider's stock valued at $490,000 after acquiring an additional 152 shares during the last quarter. Wallace Capital Management Inc. raised its holdings in JPMorgan Chase & Co. by 47.1% in the 2nd quarter. Wallace Capital Management Inc. now owns 3,515 shares of the financial services provider's stock valued at $1,151,000 after acquiring an additional 1,125 shares during the last quarter. Finally, Pointe Capital Management LLC raised its holdings in JPMorgan Chase & Co. by 1.2% in the 2nd quarter. Pointe Capital Management LLC now owns 10,062 shares of the financial services provider's stock valued at $3,294,000 after acquiring an additional 123 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: The QIA partnership provides a significant new mandate for JPMorgan Asset Management and reinforces the bank’s global institutional-investment relationships. QIA and J.P. Morgan Asset Management Announce $20 Billion Strategic Partnership
• Positive Sentiment: JPMorgan investment-banking executives said dealmaking remains strong and is tracking toward a potentially record year, supporting expectations for higher advisory and underwriting revenue. JPMorgan Sees Dealmaking On Track for Record Year
• Positive Sentiment: CEO Jamie Dimon characterized artificial intelligence as a substantial investment opportunity comparable to the internet, potentially supporting JPMorgan’s long-term productivity and technology strategy, although near-term monetization remains uncertain. Jamie Dimon on AI and investment prospects
• Neutral Sentiment: Analysts continue to view selective acquisitions in payments, data and technology as a possible growth lever, while JPMorgan remains focused on organic expansion. The strategy could improve capabilities but may not materially affect earnings immediately. JPMorgan’s Selective M&A Strategy
• Negative Sentiment: Broader bank stocks faced pressure after the Federal Reserve raised interest rates, as investors reassessed the outlook for the rally and the potential effects of tighter financial conditions on economic growth and loan demand. Fed Rate Hike Fails to Lift Bank Stocks

Insider Buying and Selling

In other news, insider Robin Leopold sold 2,500 shares of the company's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the transaction, the insider owned 71,047 shares of the company's stock, valued at $25,066,092.07. This represents a 3.40% decrease in their position. The sale 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.

JPMorgan Chase & Co. Stock Up 0.7%

Shares of NYSE JPM opened at $352.27 on Tuesday. The company has a 50 day simple moving average of $354.07 and a 200-day simple moving average of $324.40. The company has a market capitalization of $936.40 billion, a P/E ratio of 15.09, a P/E/G ratio of 1.44 and a beta of 0.98. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.85. 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 released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The firm had revenue of $58.02 billion for the quarter, compared to analyst estimates of $50.72 billion. During the same quarter in the previous year, the company earned $4.96 EPS. The business's revenue for the quarter was up 27.7% compared to the same quarter last year. On average, equities research analysts predict that JPMorgan Chase & Co. will post 24.3 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be given 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 1.9%. The ex-dividend date is Tuesday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 25.71%.

Analyst Ratings Changes

Several research analysts have recently weighed in on JPM shares. Zacks Research cut JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. Morgan Stanley reaffirmed a "positive" rating and issued a $370.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, July 15th. Jefferies Financial Group set a $350.00 price objective on JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Evercore reissued an "outperform" rating and set a $360.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. Finally, Royal Bank Of Canada upped their target price on JPMorgan Chase & Co. from $330.00 to $370.00 and gave the company an "outperform" rating in a report on Wednesday, July 15th. Sixteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and an average price target of $359.96.

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, lending, payments, investment banking, asset management and wealth management services to consumers, businesses, institutional clients and governments.

The company operates through four primary business areas: Consumer & Community Banking; Commercial & Investment Banking; Asset & Wealth Management; and Corporate. Its offerings include deposit accounts, credit cards, mortgages, auto loans, business banking, commercial lending, treasury services, investment banking, securities trading, investment management and private banking.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across numerous international markets.

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