Associated Banc Corp Buys New Position in JPMorgan Chase & Co. $JPM

Key Points

• Associated Banc Corp opened a JPMorgan Chase position, acquiring 360,535 shares valued at about $119.3 million. JPMorgan now represents 2.8% of its portfolio and is its seventh-largest holding.
• JPMorgan’s latest quarter fell short of analyst expectations, with EPS of $5.75 versus $5.94 expected and revenue of $50.17 billion versus $51.23 billion expected; revenue nevertheless rose 8.1% year over year.
• The bank raised its quarterly dividend from $1.50 to $1.65 per share, equivalent to $6.60 annually and a 2.0% yield at the article’s cited share price.

Associated Banc Corp acquired a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 360,535 shares of the financial services provider's stock, valued at approximately $119,276,000. JPMorgan Chase & Co. comprises approximately 2.8% of Associated Banc Corp's portfolio, making the stock its 7th largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp increased its position in shares of JPMorgan Chase & Co. by 0.8% during the 2nd quarter. State Street Corp now owns 125,209,293 shares of the financial services provider's stock worth $40,984,758,000 after purchasing an additional 932,632 shares in the last quarter. Bank of America Corp DE boosted its holdings in 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 valued at $22,804,018,000 after acquiring an additional 4,006,293 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of JPMorgan Chase & Co. by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 21,642,804 shares of the financial services provider's stock worth $7,084,339,000 after buying an additional 540,362 shares during the period. Dimensional Fund Advisors LP raised its position in shares of JPMorgan Chase & Co. by 3.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 18,968,884 shares of the financial services provider's stock valued at $5,578,788,000 after acquiring an additional 607,288 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in JPMorgan Chase & Co. by 0.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,833,413 shares of the financial services provider's stock valued at $6,164,741,000 after buying an additional 134,634 shares during the period. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Up 0.1%

Shares of NYSE JPM opened at $334.67 on Monday. The stock has a market cap of $888.75 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 1.32 and a beta of 1.03. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.85 and a current ratio of 0.85. JPMorgan Chase & Co. has a 52-week low of $279.10 and a 52-week high of $366.50. The firm has a 50 day moving average price of $341.87 and a two-hundred day moving average price of $323.78.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.94 by ($0.19). The company had revenue of $50.17 billion for the quarter, compared to analyst estimates of $51.23 billion. JPMorgan Chase & Co. had a net margin of 21.85% and a return on equity of 18.48%. The firm's revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.07 EPS. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 23.95 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th were given a $1.65 dividend. This is a positive change 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 of this dividend was Tuesday, October 6th. JPMorgan Chase & Co.'s payout ratio is presently 27.68%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the 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 completion of the transaction, the insider owned 71,047 shares in the company, valued at $25,066,092.07. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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. News Summary

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

• Positive Sentiment: JPMorgan’s disciplined duration management and stable deposits may help protect its balance sheet if rates remain high. However, funding costs and regulatory exposure are still risks. JPM Flags Higher Rate Risks: Can Its Balance Sheet Stay Resilient?
• Positive Sentiment: ETFs bought about $65.6 million of JPM shares on Nov. 4, a supportive demand signal, though one day of flows may not indicate a lasting trend. 42 ETFs Add to JPMorgan Chase (JPM) on Nov. 4
• Neutral Sentiment: JPMorgan’s M&A chief expects a softer 2027, but suggested private-equity firms may eventually need to sell assets, potentially improving exit activity. JPMorgan’s M&A chief sees softer 2027—but a potential upside surprise in private equity exits
• Negative Sentiment: Senate Finance Committee Democrats plan to scrutinize JPMorgan’s relationship with Epstein and how senior executives handled it. The probe could prolong reputational and regulatory uncertainty; the reports do not establish wrongdoing. Democrats to probe JPMorgan's relationship with Epstein when they take Senate control

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JPM. Weiss Ratings cut JPMorgan Chase & Co. from a "buy (a-)" rating to a "buy (b+)" rating in a report on Friday, October 23rd. Citigroup decreased their price objective on JPMorgan Chase & Co. from $360.00 to $350.00 and set a "neutral" rating for the company in a report on Thursday, October 15th. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $375.00 to $390.00 and gave the stock an "overweight" rating in a report on Friday, August 14th. Keefe, Bruyette & Woods restated an "outperform" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 14th. Finally, Freedom Broker upgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and thirteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and an average price target of $368.33.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a global financial services company serving consumers, businesses, institutional clients and governments. Its operations include consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management.

The company offers services such as deposit accounts, credit cards, mortgages, auto financing, lending, payment processing and investment advice. It also provides institutional clients with investment banking, markets, treasury and securities services, and commercial lending.

Headquartered in New York City, JPMorgan Chase serves customers across the United States and operates in many international markets.

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