Cairn Investment Group Inc. Acquires 3,757 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Cairn Investment Group acquired 3,757 JPMorgan shares worth approximately $1.23 million in the second quarter, while institutional investors collectively own 71.55% of the stock.
• JPMorgan reported quarterly earnings of $6.14 per share and revenue of $58.02 billion, surpassing estimates and representing 27.7% year-over-year revenue growth.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $360.58; JPMorgan also raised its quarterly dividend to $1.65 per share, implying a 1.9% yield.

Cairn Investment Group Inc. acquired a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,757 shares of the financial services provider's stock, valued at approximately $1,230,000.

A number of other large investors have also recently made changes to their positions in the business. Concorde Asset Management LLC grew its position in JPMorgan Chase & Co. by 1.1% in the second quarter. Concorde Asset Management LLC now owns 2,660 shares of the financial services provider's stock worth $871,000 after acquiring an additional 29 shares in the last quarter. Arkansas Financial Group Inc. increased its stake in JPMorgan Chase & Co. by 1.1% during the second quarter. Arkansas Financial Group Inc. now owns 2,667 shares of the financial services provider's stock worth $873,000 after acquiring an additional 30 shares during the last quarter. Flynn Zito Capital Management LLC raised its position in JPMorgan Chase & Co. by 1.1% during the second quarter. Flynn Zito Capital Management LLC now owns 2,830 shares of the financial services provider's stock valued at $926,000 after purchasing an additional 30 shares during the period. Wedgewood Investors Inc. PA raised its position in JPMorgan Chase & Co. by 1.5% during the second quarter. Wedgewood Investors Inc. PA now owns 2,059 shares of the financial services provider's stock valued at $674,000 after purchasing an additional 30 shares during the period. Finally, WealthBridge Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.3% in the 2nd quarter. WealthBridge Capital Management LLC now owns 10,503 shares of the financial services provider's stock valued at $3,438,000 after purchasing an additional 31 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Trending Headlines about JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan is exploring a private-credit “second-look” program for credit-card applicants. The initiative could expand approvals and card revenue while using additional underwriting to control losses and limit exposure to riskier borrowers. Can Private Credit Unlock More Growth for JPMorgan’s Card Business?
• Positive Sentiment: A new partnership with Thunes is intended to broaden JPMorgan’s cross-border payments reach across more than 100 corridors, adding local payment methods and faster payouts. This supports growth in the bank’s payments franchise. JPM’s Thunes Partnership
• Positive Sentiment: J.P. Morgan Asset Management and Paraguay announced a $200 million sustainable-forestry investment. The transaction could modestly support JPM’s asset-management and sustainable-investing businesses. Paraguay Sustainable Forestry Investment
• Neutral Sentiment: JPMorgan strategists see as much as $115 billion potentially flowing into Indian equities as investors diversify away from crowded artificial-intelligence trades. The view highlights the bank’s global research and investment-banking franchise but is not a direct earnings forecast for JPM.
• Neutral Sentiment: JPMorgan’s market strategists remain constructive on equities despite higher bond yields, while its analysts continue to promote opportunities in AI infrastructure, REITs and energy. These calls may enhance JPMorgan’s advisory profile but have limited immediate impact on its own shares.
• Negative Sentiment: Jefferies lowered its JPMorgan price target to $365 from $370 and reiterated a Hold rating. The revision signals limited near-term upside after the stock’s strong performance and may weigh on sentiment. Jefferies Adjusts JPMorgan Price Target

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Citigroup lifted their target price on JPMorgan Chase & Co. from $325.00 to $360.00 and gave the stock a "neutral" rating in a report on Monday, July 20th. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $375.00 to $390.00 and gave the stock an "overweight" rating in a research report on Friday, August 14th. Weiss Ratings raised shares of JPMorgan Chase & Co. from a "buy (b)" rating to a "buy (b+)" rating in a research note on Wednesday, September 2nd. Jefferies Financial Group reiterated a "neutral" rating on shares of JPMorgan Chase & Co. in a research report on Friday. Finally, Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th. Sixteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $360.58.

Insider Buying and Selling

In related news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. 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 sale, the insider owned 71,047 shares in the company, valued at $25,066,092.07. This trade represents a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

JPM opened at $342.99 on Friday. The business has a fifty day moving average of $353.76 and a 200 day moving average of $325.46. The stock has a market cap of $911.74 billion, a P/E ratio of 14.70, a PEG ratio of 1.41 and a beta of 0.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 52-week low of $279.10 and a 52-week high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released 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. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The business had revenue of $58.02 billion for the quarter, compared to analyst estimates of $50.72 billion. During the same quarter last year, the firm posted $4.96 earnings per share. The business's revenue was up 27.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 24.3 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, October 6th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a dividend yield of 1.9%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 25.71%.

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, 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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