JPMorgan Chase & Co. $JPM Shares Acquired by Capital Investment Advisors LLC

Key Points

• Capital Investment Advisors increased its JPMorgan stake by 1.4% in the third quarter, adding 3,228 shares to reach 238,914 shares valued at approximately $79.0 million. Institutional investors and hedge funds collectively own 71.55% of the company.
• Analysts maintain a “Moderate Buy” consensus, with one Strong Buy, 14 Buy and 13 Hold ratings and an average price target of $368.10.
• JPMorgan’s latest quarterly results fell short of estimates, with EPS of $5.75 versus $5.94 expected and revenue of $50.17 billion versus $51.23 billion forecast. The company nevertheless raised its quarterly dividend to $1.65 per share, equivalent to a 1.9% yield.

Capital Investment Advisors LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 238,914 shares of the financial services provider's stock after acquiring an additional 3,228 shares during the period. JPMorgan Chase & Co. accounts for 1.0% of Capital Investment Advisors LLC's holdings, making the stock its 28th biggest position. Capital Investment Advisors LLC's holdings in JPMorgan Chase & Co. were worth $79,040,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Beaumont Financial Advisors LLC boosted its position in JPMorgan Chase & Co. by 3.6% during the third quarter. Beaumont Financial Advisors LLC now owns 16,767 shares of the financial services provider's stock worth $5,547,000 after purchasing an additional 584 shares during the period. Capital City Trust Co. FL increased its holdings in shares of JPMorgan Chase & Co. by 0.7% in the third quarter. Capital City Trust Co. FL now owns 21,110 shares of the financial services provider's stock valued at $6,984,000 after purchasing an additional 142 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 1.7% in the third quarter. Fifth Third Wealth Advisors LLC now owns 147,554 shares of the financial services provider's stock valued at $48,815,000 after purchasing an additional 2,410 shares during the period. BRIA Capital Group LLC raised its position in shares of JPMorgan Chase & Co. by 17.4% in the third quarter. BRIA Capital Group LLC now owns 5,169 shares of the financial services provider's stock valued at $1,710,000 after purchasing an additional 765 shares during the period. Finally, Kennebec Savings Bank raised its position in shares of JPMorgan Chase & Co. by 1.2% in the third quarter. Kennebec Savings Bank now owns 12,011 shares of the financial services provider's stock valued at $3,974,000 after purchasing an additional 142 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. HSBC raised their target price on shares of JPMorgan Chase & Co. from $369.00 to $377.00 and gave the stock a "hold" rating in a research note on Monday, September 28th. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $375.00 to $390.00 and gave the company an "overweight" rating in a research note on Friday, August 14th. Royal Bank Of Canada reissued an "outperform" rating and issued a $370.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, October 14th. Citigroup cut their price objective on shares of JPMorgan Chase & Co. from $360.00 to $350.00 and set a "neutral" rating for the company in a research report on Thursday, October 15th. Finally, Truist Financial boosted their price objective on JPMorgan Chase & Co. from $352.00 to $361.00 and gave the stock a "hold" rating in a report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and thirteen have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $368.10.

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan has reportedly secured a leading role in Anthropic’s planned IPO, overseeing U.S. retail share sales. The bank is also involved in the SpaceX offering, potentially providing additional underwriting, distribution and advisory fees while reinforcing its position in high-profile technology IPOs. Anthropic Selects JPMorgan to Lead US Retail Share Sales for Planned IPO
• Positive Sentiment: JPMorgan is participating in the DTCC’s new tokenization service and has expanded its JPM Coin deposit token, JPMD, to Ethereum for approved institutional clients. These initiatives could create longer-term opportunities in payments, settlement and digital-asset infrastructure. DTCC unit launches tokenization services
• Positive Sentiment: J.P. Morgan Asset Management continues to promote attractive fixed-income yields and expects potentially strong bond returns. Greater investor demand for bonds could support asset-management flows, although the benefit to JPMorgan Chase is indirect. Why higher yields are making bonds attractive again
• Neutral Sentiment: JPMorgan formally objected to OKXICE’s proposed tokenized-stock platform, joining 33 companies concerned about unauthorized tokenization. The move may protect shareholder and regulatory interests but could slow adoption of competing tokenized-equity venues. Companies oppose OKXICE tokenized stock push
• Negative Sentiment: A JPMorgan wealth-management advisory group overseeing more than $1.4 billion in client assets reportedly moved to Rockefeller Capital Management. The departure raises concerns about adviser retention and possible pressure on wealth-management revenue. JPMorgan losing $1.4 billion in advisory assets
• Negative Sentiment: CEO Jamie Dimon continues to highlight sticky inflation, elevated asset prices, rising rates, deficits and geopolitical tensions. JPMorgan’s recent earnings miss, higher credit-loss provisions and slower buybacks underscore the potential for macroeconomic pressure on future results. Jamie Dimon names five threats to the economy

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the 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 sale, the insider directly owned 71,047 shares of the company's stock, valued at approximately $25,066,092.07. This represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.41% of the company's stock.

JPMorgan Chase & Co. Stock Up 1.1%

NYSE JPM opened at $339.33 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.31. The company has a market cap of $902.00 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 1.31 and a beta of 1.02. The company has a 50 day moving average of $343.93 and a 200-day moving average of $322.85. JPMorgan Chase & Co. has a 1-year low of $279.10 and a 1-year high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.94 by ($0.19). JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The company had revenue of $50.17 billion for the quarter, compared to analyst estimates of $51.23 billion. During the same period in the prior year, the company earned $5.07 EPS. The company's quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts expect that JPMorgan Chase & Co. will post 23.97 earnings per share for the current fiscal 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 1.9%. 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 27.68%.

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, investment banking, payments, asset management and wealth management services to individuals, businesses, governments and institutional clients.

Its major business segments include Consumer & Community Banking, which offers deposit accounts, credit cards, mortgages, auto loans and other financial products; Commercial & Investment Banking, which provides corporate lending, advisory, underwriting, trading, treasury and payments services; and Asset & Wealth Management, which serves individual and institutional investors with investment management, brokerage and related advisory services.

JPMorgan Chase serves customers in the United States and operates internationally through offices and businesses in major financial centers around the world.

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