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

Key Points

• MSH Capital Advisors increased its JPMorgan Chase stake by 17.2% in the second quarter, bringing its holdings to 33,369 shares valued at approximately $10.9 million. Institutional investors collectively own 71.55% of the bank.
• JPMorgan reported stronger-than-expected quarterly results, with EPS of $6.14 and revenue of $58.02 billion, while management expects robust investment-banking fees and trading revenue in the third quarter.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $359.96. JPMorgan also raised its quarterly dividend to $1.65 per share, a 10% increase from $1.50.

MSH Capital Advisors LLC raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 17.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,369 shares of the financial services provider's stock after purchasing an additional 4,893 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.9% of MSH Capital Advisors LLC's investment portfolio, making the stock its 7th biggest holding. MSH Capital Advisors LLC's holdings in JPMorgan Chase & Co. were worth $10,923,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of JPM. MBM Wealth Consultants LLC acquired a new position in JPMorgan Chase & Co. in the first quarter valued at approximately $29,000. Aventus Investment Advisors Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $33,000. Osbon Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at approximately $35,000. WHI TRUST Co LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $45,000. Finally, HFM Investment Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 120.7% during the fourth quarter. HFM Investment Advisors LLC now owns 192 shares of the financial services provider's stock worth $62,000 after buying an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. News Roundup

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

• Positive Sentiment: JPMorgan said third-quarter investment-banking fees and trading revenue are expected to show strong growth. Co-President Doug Petno also indicated that overall revenue is tracking ahead of expectations, helping reverse earlier weakness in the shares. JPMorgan expects investment banking, trading to shine in third quarter
• Positive Sentiment: The revenue outlook suggests continued momentum in JPMorgan’s capital-markets operations, including stronger deal activity and market-trading fees. The update provides a near-term catalyst following the bank’s recent earnings beat and robust year-over-year revenue growth. JPMorgan Chase stock rises after upbeat revenue outlook
• Neutral Sentiment: JPMorgan declared its regular quarterly dividend on common stock and dividends on Series CC preferred stock. The announcements reinforce shareholder distributions but appear routine rather than a new change in capital-return policy. JPMorganChase Declares Common Stock Dividend JPMorganChase Declares Preferred Stock Dividends
• Negative Sentiment: Investors continue to monitor signs that earnings growth may be slowing despite the benefit of higher interest rates. Jamie Dimon’s ongoing warnings about economic and structural pressures, along with elevated oil prices and potential effects on borrowers, remain longer-term risks for the bank. JPM Benefits from Higher Rates, but Earnings Growth Is Slowing

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an "overweight" rating in a report on Wednesday, July 15th. Zacks Research upgraded JPMorgan Chase & Co. from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. Truist Financial upped their price target on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the stock a "hold" rating in a report on Wednesday, July 15th. Finally, Evercore reissued an "outperform" rating and issued a $360.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $359.96.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the company's stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of the firm's stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the completion of the sale, the general counsel directly owned 40,961 shares in the company, valued at approximately $13,547,031.53. This trade represents a 11.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 10,467 shares of company stock worth $3,593,651 in the last quarter. Company insiders own 0.41% of the company's stock.

JPMorgan Chase & Co. Stock Up 1.1%

Shares of JPM opened at $354.10 on Wednesday. JPMorgan Chase & Co. has a 52-week low of $279.10 and a 52-week high of $366.50. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. The stock has a fifty day simple moving average of $352.81 and a two-hundred day simple moving average of $323.02. The company has a market capitalization of $941.27 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 1.44 and a beta of 0.98.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.59 by $0.55. The firm had revenue of $58.02 billion during the quarter, compared to analysts' expectations of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. JPMorgan Chase & Co.'s revenue was up 27.7% compared to the same quarter last year. During the same period last year, the business earned $4.96 earnings per share. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 24.3 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Tuesday, October 6th will be issued a $1.65 dividend. The ex-dividend date is Tuesday, October 6th. This represents a $6.60 annualized dividend and a dividend yield of 1.9%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 25.71%.

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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