JPMorgan Chase & Co. $JPM is Ferguson Wellman Capital Management Inc.'s 7th Largest Position

Key Points

• Ferguson Wellman Capital Management reduced its JPMorgan stake by 2.8% in the second quarter, but still held 728,201 shares worth approximately $238.4 million, making JPM its seventh-largest position.
• JPMorgan reported quarterly earnings of $6.14 per share, surpassing estimates, while revenue rose 27.7% year over year to $58.02 billion.
• The bank raised its quarterly dividend from $1.50 to $1.65 per share; analysts maintained a “Moderate Buy” consensus with an average price target of $359.96.

Ferguson Wellman Capital Management Inc. reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 728,201 shares of the financial services provider's stock after selling 20,684 shares during the period. JPMorgan Chase & Co. makes up about 2.9% of Ferguson Wellman Capital Management Inc.'s holdings, making the stock its 7th largest position. Ferguson Wellman Capital Management Inc.'s holdings in JPMorgan Chase & Co. were worth $238,362,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in JPM. MBM Wealth Consultants LLC purchased a new position in JPMorgan Chase & Co. in the 1st quarter valued at approximately $29,000. Aventus Investment Advisors Inc. purchased a new position in shares of JPMorgan Chase & Co. in the second quarter valued at $33,000. Osbon Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $35,000. Turim 21 Investimentos Ltda. acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $62,000. Finally, Phillip James Consulting Co. acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth about $64,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the 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 transaction, 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 legal filing with the SEC, which is available at this link. 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. Price Performance

JPM stock opened at $337.36 on Thursday. The stock has a market capitalization of $896.76 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 1.40 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. 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 released its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, beating 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 firm had revenue of $58.02 billion during the quarter, compared to analyst estimates of $50.72 billion. During the same period in the prior year, the firm posted $4.96 earnings per share. The business's quarterly revenue was up 27.7% compared to the same quarter last year. Equities research analysts expect that JPMorgan Chase & Co. will post 24.3 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be paid a dividend of $1.65 per share. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. JPMorgan Chase & Co.'s dividend payout ratio is currently 25.71%.

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

Analyst Ratings Changes

Several analysts have recently commented on JPM shares. Barclays increased their price target 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. Morgan Stanley reiterated a "positive" rating and set a $370.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, July 15th. The Goldman Sachs Group reissued a "buy" rating and set a $418.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Jefferies Financial Group set a $350.00 price target on JPMorgan Chase & Co. in a report on Tuesday, July 14th. Finally, Truist Financial upped their price objective on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a "hold" rating in a research report on Wednesday, July 15th. 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.com, the company has a consensus rating of "Moderate Buy" and an average price target of $359.96.

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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