JPMorgan Chase & Co. $JPM Shares Acquired by Cullinan Associates Inc.

Key Points

• Cullinan Associates increased its JPMorgan Chase stake by 13.9% in the second quarter, acquiring 9,005 additional shares and bringing its holdings to 73,638 shares valued at approximately $24.1 million.
• Institutional investors and hedge funds own 71.55% of JPMorgan’s stock. Analysts maintain a “Moderate Buy” consensus, with 16 Buy ratings, 12 Hold ratings, and an average price target of $360.58.
• JPMorgan reported quarterly earnings and revenue above expectations, while revenue rose 27.7% year over year. The bank also increased its quarterly dividend to $1.65 per share, equivalent to a 2.0% annualized yield.

Cullinan Associates Inc. lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 13.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,638 shares of the financial services provider's stock after buying an additional 9,005 shares during the quarter. JPMorgan Chase & Co. accounts for 1.8% of Cullinan Associates Inc.'s portfolio, making the stock its 16th biggest holding. Cullinan Associates Inc.'s holdings in JPMorgan Chase & Co. were worth $24,104,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JPM. MBM Wealth Consultants LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth $29,000. Aventus Investment Advisors Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth $33,000. Osbon Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $35,000. Lifetime Wealth Management P.C. purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $65,000. Finally, Phillip James Consulting Co. acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $64,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on JPM. Evercore restated an "outperform" rating and set a $360.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. Weiss Ratings upgraded shares of JPMorgan Chase & Co. from a "buy (b)" rating to a "buy (b+)" rating in a research report on Wednesday, September 2nd. Robert W. Baird boosted their price target on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 15th. Barclays upped their price target on JPMorgan Chase & Co. from $391.00 to $420.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. Finally, Bank of America raised their price objective on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. Sixteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $360.58.

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: Cross-border payments expansion: JPMorgan Payments is partnering with Thunes to provide faster payouts to bank accounts and mobile wallets across more than 100 corridors. The initiative could expand transaction volumes and strengthen JPM’s global payments franchise. JPMorgan Payments brings faster cross-border payments to more markets
• Positive Sentiment: Asset-management growth: JPMorgan Asset Management announced a $200 million sustainable-forestry investment in Paraguay and recently secured a reported $20 billion multi-market investment partnership with Qatar Investment Authority. These developments could support fee income and reinforce JPM’s global asset-gathering platform. Paraguay sustainable forestry investment
• Positive Sentiment: Potential card expansion: JPMorgan is exploring a private-credit “second-look” model that could allow outside lenders to fund some applicants the bank declines. The approach may increase card reach and fee revenue while transferring some credit risk, though execution and regulatory considerations remain. Private credit and JPMorgan’s card business
• Neutral Sentiment: Analyst view: JPMorgan strategist Grace Peters remains constructive on equities despite higher bond yields, but the comments are broad market guidance rather than a direct change to JPM’s earnings outlook. JPMorgan’s Peters favors stocks
• Negative Sentiment: Jefferies trims valuation target: Jefferies lowered its JPMorgan price target to $365 from $370 while retaining a “Hold” rating. The reduction signals limited perceived upside after the stock’s strong run and is the clearest near-term negative catalyst. Jefferies adjusts JPMorgan price target

Insiders Place Their Bets

In other news, insider Robin Leopold sold 2,500 shares of the business's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the completion of the transaction, the insider directly owned 71,047 shares of the company's stock, valued at $25,066,092.07. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 0.2%

Shares of NYSE JPM opened at $338.05 on Friday. The firm's 50-day moving average is $353.73 and its two-hundred day moving average is $325.34. The company has a market capitalization of $898.60 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 1.40 and a beta of 0.98. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month 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.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data 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 net margin of 21.86% and a return on equity of 18.23%. The business had revenue of $58.02 billion during the quarter, compared to analysts' expectations of $50.72 billion. During the same period last year, the company posted $4.96 EPS. The company's revenue was up 27.7% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post 24.3 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be given a dividend of $1.65 per share. The ex-dividend date of this dividend is Tuesday, October 6th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a yield of 2.0%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 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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