Beacon Pointe Advisors LLC Increases Position in JPMorgan Chase & Co. $JPM

Key Points

• Beacon Pointe Advisors increased its JPMorgan position by 2.8% in the second quarter, bringing its holdings to 474,800 shares valued at approximately $155.4 million. Institutional investors collectively own 71.55% of the company.
• JPMorgan reported quarterly EPS of $6.14, exceeding estimates of $5.59, while revenue rose 27.7% year over year to $58.02 billion. The company also raised its quarterly dividend from $1.50 to $1.65 per share, representing a 2.0% yield.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $359.96 versus the stock’s reported opening price of $337.36.

Beacon Pointe Advisors LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 474,800 shares of the financial services provider's stock after purchasing an additional 12,851 shares during the period. JPMorgan Chase & Co. accounts for 0.7% of Beacon Pointe Advisors LLC's portfolio, making the stock its 23rd largest holding. Beacon Pointe Advisors LLC's holdings in JPMorgan Chase & Co. were worth $155,416,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fidelis Capital Partners LLC boosted its position in shares of JPMorgan Chase & Co. by 7.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 70,077 shares of the financial services provider's stock worth $22,580,000 after acquiring an additional 5,101 shares during the last quarter. E Fund Management Co. Ltd. increased its holdings in JPMorgan Chase & Co. by 7.1% in the 2nd quarter. E Fund Management Co. Ltd. now owns 29,956 shares of the financial services provider's stock valued at $9,805,000 after acquiring an additional 1,973 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its holdings in JPMorgan Chase & Co. by 4.6% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 343,644 shares of the financial services provider's stock valued at $112,485,000 after acquiring an additional 15,017 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its stake in JPMorgan Chase & Co. by 18.7% in the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 41,218 shares of the financial services provider's stock worth $12,125,000 after purchasing an additional 6,492 shares in the last quarter. Finally, FAS Wealth Partners Inc. lifted its stake in JPMorgan Chase & Co. by 4.3% in the 1st quarter. FAS Wealth Partners Inc. now owns 43,527 shares of the financial services provider's stock worth $12,804,000 after purchasing an additional 1,794 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Down 0.8%

Shares of NYSE JPM opened at $337.36 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $366.50. The firm's 50-day moving average price is $353.83 and its 200-day moving average price is $325.00. The stock has a market capitalization of $896.76 billion, a price-to-earnings ratio of 14.45, a P/E/G ratio of 1.40 and a beta of 0.98.

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, topping the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The company had revenue of $58.02 billion during the quarter, compared to analyst estimates of $50.72 billion. During the same quarter last year, the business posted $4.96 earnings per share. The firm's revenue was up 27.7% on a year-over-year basis. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 24.3 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be issued a $1.65 dividend. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. The ex-dividend date is Tuesday, October 6th. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.0%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 25.71%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the business's stock in a transaction that occurred on 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 owned 71,047 shares of the company's stock, valued at approximately $25,066,092.07. The trade was a 3.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on JPM. Citigroup raised their price objective on JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a "neutral" rating in a research report on Monday, July 20th. Truist Financial increased their price target on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a "hold" rating in a research note on Wednesday, July 15th. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. Robert W. Baird raised their price target on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. Finally, Jefferies Financial Group set a $350.00 price objective on JPMorgan Chase & Co. in a report on Tuesday, July 14th. Sixteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and a consensus price target of $359.96.

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: Asset-management growth opportunity: JPMorgan Asset Management agreed to manage part of a $20 billion multi-market investment partnership with Qatar Investment Authority, spanning public equities and private credit. The mandate could support long-term fee revenue and strengthen JPMorgan’s global asset-management franchise. JPMorgan Chase Lands $20 Billion Mandate
• Positive Sentiment: Payments expansion: JPMorgan Payments is working with Thunes to accelerate cross-border payouts to bank accounts and mobile wallets across more than 100 corridors. Broader real-time payments connectivity could help the bank capture additional transaction and payments revenue. JPMorgan Payments Expands Cross-Border Payments
• Positive Sentiment: India expansion: JPMorgan plans to double its GIFT City business and expand liquidity and payments capabilities, positioning the bank for growth as India’s role in global trade and finance increases. JPMorgan India Expansion Plan
• Positive Sentiment: Capital returns: JPMorgan recently raised its quarterly dividend to $1.65 per share from $1.50, reinforcing its shareholder-return appeal and confidence in capital generation. JPMorgan Raises Its Dividend
• Neutral Sentiment: Private-credit strategy: JPMorgan is reportedly considering allowing private-credit firms to approve some credit-card applicants it rejects. The move could create fee or funding opportunities, but it also raises questions about credit risk, customer relationships and regulatory oversight. JPMorgan Weighs Opening Card Business to Private Credit
• Negative Sentiment: Broad bank-sector selloff: JPM shares declined amid a rotation into technology stocks and renewed concerns that AI could disrupt traditional financial services. Rising August card delinquencies and charge-offs, although still below year-ago levels, added to concerns about consumer-credit quality. JPMorgan Stock Slips as Traders Shift to Tech
• Negative Sentiment: Regulatory and geopolitical overhang: Reports involving Russia-linked payments and scrutiny of Treasury Secretary Scott Bessent’s incorrectly reported JPMorgan holdings may add to compliance and reputational concerns, even though the ethics review found no knowing violation by Bessent. Bessent JPMorgan Holdings Review

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, 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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