First Nebraska Trust Co Makes New $12.96 Million Investment in JPMorgan Chase & Co. $JPM

Key Points

• First Nebraska Trust Co. initiated a $12.96 million position in JPMorgan Chase, buying 39,170 shares in the third quarter. JPM represented about 1.1% of the trust’s portfolio and was its 22nd-largest holding.
• Institutional investors collectively owned 71.55% of JPM shares, with several firms increasing their holdings during the quarter.
• JPMorgan’s latest quarterly results fell short of analyst estimates for earnings and revenue, though revenue rose 8.1% year over year. The bank increased its quarterly dividend from $1.50 to $1.65 per share.

First Nebraska Trust Co purchased a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,170 shares of the financial services provider's stock, valued at approximately $12,958,000. JPMorgan Chase & Co. makes up about 1.1% of First Nebraska Trust Co's holdings, making the stock its 22nd largest position.

Several other institutional investors and hedge funds have also bought and sold shares of JPM. Evergreen Private Wealth LLC grew its holdings in JPMorgan Chase & Co. by 0.6% in the third quarter. Evergreen Private Wealth LLC now owns 23,476 shares of the financial services provider's stock worth $7,767,000 after purchasing an additional 133 shares during the period. IPG Investment Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 39.0% during the third quarter. IPG Investment Advisors LLC now owns 19,468 shares of the financial services provider's stock valued at $6,441,000 after purchasing an additional 5,459 shares during the last quarter. CrossGen Wealth LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.6% during the third quarter. CrossGen Wealth LLC now owns 14,076 shares of the financial services provider's stock valued at $4,657,000 after purchasing an additional 227 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super boosted its position in shares of JPMorgan Chase & Co. by 22.6% in the 3rd quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 331,897 shares of the financial services provider's stock worth $109,801,000 after purchasing an additional 61,217 shares in the last quarter. Finally, Tucker Asset Management LLC boosted its position in shares of JPMorgan Chase & Co. by 7.6% in the 3rd quarter. Tucker Asset Management LLC now owns 2,702 shares of the financial services provider's stock worth $894,000 after purchasing an additional 192 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $334.67 on Monday. The company has a market capitalization 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 quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. The firm has a 50 day moving average of $341.87 and a 200 day moving average of $323.78. JPMorgan Chase & Co. has a twelve month low of $279.10 and a twelve month high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.94 by ($0.19). JPMorgan Chase & Co. had a net margin of 21.85% and a return on equity of 18.48%. The business had revenue of $50.17 billion during the quarter, compared to the consensus estimate of $51.23 billion. During the same period last year, the company posted $5.07 earnings per share. The business's revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 23.95 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th were paid a $1.65 dividend. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Tuesday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.68%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Freedom Broker upgraded JPMorgan Chase & Co. from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 15th. Jefferies Financial Group reiterated a "neutral" rating on shares of JPMorgan Chase & Co. in a research note on Friday, September 25th. Robert W. Baird boosted their target price on JPMorgan Chase & Co. from $305.00 to $312.00 and gave the stock a "neutral" rating in a report on Wednesday, October 14th. Bank of America increased their target price on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a "buy" rating in a research note on Thursday, July 16th. Finally, Zacks Research downgraded JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and thirteen have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $368.33.

More JPMorgan Chase & Co. News

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

Insider Activity

In other 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 transaction, the insider directly owned 71,047 shares of the company's stock, valued at $25,066,092.07. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 currently owned by insiders.

JPMorgan Chase & Co. 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.

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.