5,483 JPMorgan Chase & Co. $JPM Shares Acquired by Prairie Advisory LLC

Key Points

• Prairie Advisory LLC doubled its JPMorgan position in the third quarter, acquiring 5,483 additional shares and bringing its holdings to 10,950 shares valued at approximately $3.62 million. Institutional investors collectively own 71.55% of the company.
• JPMorgan’s latest quarterly results missed expectations, with EPS of $5.75 versus $5.94 forecast and revenue of $50.17 billion versus $51.23 billion expected, although revenue rose 8.1% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $365.45, while JPMorgan raised its quarterly dividend to $1.65 per share, equivalent to a 2.0% yield.

Prairie Advisory LLC grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 100.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,950 shares of the financial services provider's stock after purchasing an additional 5,483 shares during the period. Prairie Advisory LLC's holdings in JPMorgan Chase & Co. were worth $3,623,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Horizons Wealth Management purchased a new position in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $31,000. MBM Wealth Consultants LLC acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth about $29,000. Aventus Investment Advisors Inc. purchased a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $33,000. Timbuktu Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $50,000. Finally, NI Acquisitions Company LLC purchased a new position in shares of JPMorgan Chase & Co. during the second quarter worth about $51,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Trending Headlines about JPMorgan Chase & Co.

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

• Positive Sentiment: Strong trading and AI-related revenue: JPMorgan, Goldman Sachs and Morgan Stanley reportedly captured nearly 80% of the top five banks’ equity-trading revenue this year, benefiting from hedge-fund borrowing and demand tied to artificial intelligence and semiconductor stocks. Goldman Sachs, JPMorgan and Morgan Stanley are dominating the AI stock boom
• Positive Sentiment: Expansion in digital payments: JPMorgan launched its dollar-backed JPM Coin deposit token on Ethereum’s mainnet for institutional clients. Wider blockchain access could strengthen the bank’s transaction-services business and digital-asset infrastructure. JPMorgan Launches JPM Coin on Ethereum for Institutional Clients
• Positive Sentiment: International and strategic growth: JPMorgan reportedly is pursuing a Nigerian banking license after placing a 50 billion-naira deposit with Nigeria’s central bank. The move could expand its African corporate and investment-banking presence. J.P. Morgan to Secure Nigerian Banking Licence
• Positive Sentiment: Capital and resiliency investments: The bank has committed roughly $230 billion through its broader, 10-year security and resiliency initiative, potentially creating long-term opportunities in infrastructure, supply chains and government-related financing. Jamie Dimon spent years warning about America’s reliance on China
• Neutral Sentiment: Bitcoin outlook: JPMorgan Asset Management forecasts a 10% annualized Bitcoin return over 10–15 years, above its projections for U.S. large-cap stocks and gold, but excludes Bitcoin from core portfolio models because of approximately 55% volatility. The forecast may enhance JPMorgan’s digital-assets credentials, though it is not a direct earnings catalyst. JPMorgan Puts a Number on Bitcoin for the First Time
• Neutral Sentiment: JPMorgan completed a $7 billion senior-debt offering, providing funding but also increasing fixed financing obligations. JPMorgan Chase Completes $7 Billion Senior Debt Offering
• Negative Sentiment: The most immediate pressure remains earnings: JPMorgan’s latest quarterly EPS and revenue missed consensus estimates, despite year-over-year growth. That disappointment likely weighs more heavily on the stock than the longer-term strategic announcements.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on JPM shares. Jefferies Financial Group reaffirmed a "neutral" rating on shares of JPMorgan Chase & Co. in a report on Friday, September 25th. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $375.00 to $390.00 and gave the company an "overweight" rating in a report on Friday, August 14th. Keefe, Bruyette & Woods reiterated an "outperform" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 14th. HSBC boosted their target price on JPMorgan Chase & Co. from $369.00 to $377.00 and gave the stock a "hold" rating in a research report on Monday, September 28th. Finally, Bank of America increased their price target on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a "buy" rating in a research report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $365.45.

Insiders Place Their Bets

In other news, insider Robin Leopold sold 2,500 shares of the company's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.41% of the company's stock.

JPMorgan Chase & Co. Trading Down 0.1%

NYSE JPM opened at $334.84 on Thursday. 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 cap of $890.07 billion, a P/E ratio of 14.05, a P/E/G ratio of 1.32 and a beta of 1.02. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $366.50. The company has a 50-day moving average of $346.57 and a 200-day moving average of $331.41.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $50.17 billion during the quarter, compared to analyst estimates of $51.23 billion. During the same quarter last year, the business earned $5.07 EPS. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities analysts predict that JPMorgan Chase & Co. will post 23.99 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders 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 2.0%. The ex-dividend date is Tuesday, October 6th. JPMorgan Chase & Co.'s payout ratio is presently 27.68%.

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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