BNP Paribas Has $94.87 Million Stock Position in JPMorgan Chase & Co. $JPM

Key Points

• BNP Paribas increased its JPMorgan stake by 6.0% in the second quarter, owning 290,350 shares valued at approximately $94.87 million. JPMorgan represents 2.6% of BNP Paribas’ portfolio and is its 11th-largest holding.
• JPMorgan reported strong quarterly results, with EPS of $6.14 versus the $5.59 consensus and revenue of $58.02 billion, up 27.7% year over year. Institutional investors and hedge funds collectively own 71.55% of the stock.
• The bank raised its quarterly dividend from $1.50 to $1.65 per share, equating to a 2.0% yield, while analysts maintain a “Moderate Buy” consensus and an average price target of $359.96.

BNP Paribas increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 6.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 290,350 shares of the financial services provider's stock after purchasing an additional 16,474 shares during the quarter. JPMorgan Chase & Co. makes up 2.6% of BNP Paribas' investment portfolio, making the stock its 11th largest holding. BNP Paribas' holdings in JPMorgan Chase & Co. were worth $94,872,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tandem Capital Management Corp ADV lifted its stake in JPMorgan Chase & Co. by 1.8% during the second quarter. Tandem Capital Management Corp ADV now owns 16,520 shares of the financial services provider's stock valued at $5,407,000 after buying an additional 298 shares in the last quarter. Prosperitas Financial LLC raised its holdings in shares of JPMorgan Chase & Co. by 9.4% during the second quarter. Prosperitas Financial LLC now owns 16,838 shares of the financial services provider's stock valued at $5,511,000 after acquiring an additional 1,442 shares during the period. Wellington Management Group LLP raised its holdings in shares of JPMorgan Chase & Co. by 7.8% during the second quarter. Wellington Management Group LLP now owns 4,123,891 shares of the financial services provider's stock valued at $1,349,873,000 after acquiring an additional 298,163 shares during the period. Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $2,148,000. Finally, Archer Investment Corp boosted its stake in JPMorgan Chase & Co. by 2.6% in the 2nd quarter. Archer Investment Corp now owns 15,401 shares of the financial services provider's stock worth $5,041,000 after purchasing an additional 383 shares during the period. 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: 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

JPMorgan Chase & Co. Stock Down 0.8%

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

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.59 by $0.55. The firm had revenue of $58.02 billion during the quarter, compared to analyst estimates of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The company's revenue for the quarter was up 27.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.96 EPS. Equities research analysts expect that JPMorgan Chase & Co. will post 24.3 earnings per share for the current 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 given a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, October 6th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. JPMorgan Chase & Co.'s dividend payout ratio is currently 25.71%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JPM. Bank of America lifted their price objective on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a "buy" rating in a research report on Thursday, July 16th. Evercore reissued an "outperform" rating and set a $360.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. Morgan Stanley reissued a "positive" rating and issued a $370.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and set a $375.00 target price for the company in a research note on Wednesday, July 22nd. Finally, Zacks Research lowered shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 14th. Sixteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $359.96.

Insider Activity

In related 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 transaction of $882,025.00. Following the completion of the sale, the insider directly owned 71,047 shares in the company, valued at $25,066,092.07. This represents a 3.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.41% of the company's stock.

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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