Braun Stacey Associates Inc. Has $56.93 Million Stock Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Braun Stacey Associates reduced its JPMorgan Chase stake by 2.4% in the second quarter, but still held 173,933 shares worth approximately $56.93 million. Institutional investors collectively own 71.55% of the company.
• JPMorgan reported quarterly earnings of $6.14 per share, exceeding estimates of $5.59, while revenue rose 27.7% year over year to $58.02 billion.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $359.96, and JPMorgan raised its quarterly dividend from $1.50 to $1.65 per share, representing a 2.0% annualized yield.

Braun Stacey Associates Inc. lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 173,933 shares of the financial services provider's stock after selling 4,219 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.6% of Braun Stacey Associates Inc.'s investment portfolio, making the stock its 15th biggest position. Braun Stacey Associates Inc.'s holdings in JPMorgan Chase & Co. were worth $56,933,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $11,396,496,000. Bank of America Corp DE increased its holdings in shares of JPMorgan Chase & Co. by 15.8% during the first quarter. Bank of America Corp DE now owns 65,660,460 shares of the financial services provider's stock worth $19,314,681,000 after purchasing an additional 8,941,351 shares during the period. Ascentis Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 32,672.0% in the second quarter. Ascentis Wealth Management LLC now owns 4,647,071 shares of the financial services provider's stock valued at $1,521,126,000 after buying an additional 4,632,891 shares in the last quarter. Jupiter Topco LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $1,274,097,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of JPMorgan Chase & Co. by 31.5% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,944,004 shares of the financial services provider's stock valued at $2,042,648,000 after buying an additional 1,662,250 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on JPM shares. Royal Bank Of Canada increased their price target on JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 15th. UBS Group upped their target price on JPMorgan Chase & Co. from $384.00 to $400.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods raised their price target on JPMorgan Chase & Co. from $370.00 to $384.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 15th. Jefferies Financial Group set a $350.00 price target on JPMorgan Chase & Co. in a research note on Tuesday, July 14th. Finally, Bank of America upped 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. Sixteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and a consensus target price of $359.96.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $337.36 on Thursday. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $366.50. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $896.76 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 1.40 and a beta of 0.98. The firm has a 50 day simple moving average of $353.83 and a 200 day simple moving average of $325.00.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations 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 was up 27.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.96 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 24.3 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company 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 a boost 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 dividend payout ratio is 25.71%.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total transaction of $882,025.00. Following the sale, the insider directly owned 71,047 shares in the company, valued at $25,066,092.07. This trade represents a 3.40% decrease in their position. The transaction 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. 0.41% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. News Roundup

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. 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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