JPMorgan Chase & Co. $JPM Shares Acquired by Nwam LLC

Key Points

• Nwam LLC increased its JPMorgan Chase stake by 31.4% in the second quarter, bringing its holdings to 27,880 shares valued at approximately $9.1 million. Institutional investors and hedge funds collectively own 71.55% of JPM stock.
• JPMorgan reported strong quarterly results, with earnings of $6.14 per share and revenue of $58.02 billion, both above analyst expectations. The company also raised its quarterly dividend to $1.65, equivalent to a 1.9% annual yield.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $360.58, although Jefferies lowered its target to $365 and maintained a Hold rating.

Nwam LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 31.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 27,880 shares of the financial services provider's stock after purchasing an additional 6,657 shares during the period. Nwam LLC's holdings in JPMorgan Chase & Co. were worth $9,126,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Gill Capital Partners LLC boosted its stake in JPMorgan Chase & Co. by 4.8% during the second quarter. Gill Capital Partners LLC now owns 1,751 shares of the financial services provider's stock worth $573,000 after buying an additional 80 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in shares of JPMorgan Chase & Co. by 6.6% in the 2nd quarter. Rehmann Capital Advisory Group now owns 36,423 shares of the financial services provider's stock worth $11,922,000 after acquiring an additional 2,256 shares during the last quarter. CMH Wealth Management LLC increased its stake in shares of JPMorgan Chase & Co. by 2.2% in the 2nd quarter. CMH Wealth Management LLC now owns 27,516 shares of the financial services provider's stock worth $9,007,000 after acquiring an additional 580 shares during the last quarter. Denver PWM LLC raised its holdings in shares of JPMorgan Chase & Co. by 6.5% during the 2nd quarter. Denver PWM LLC now owns 2,044 shares of the financial services provider's stock worth $742,000 after acquiring an additional 125 shares during the period. Finally, Orgel Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 7.3% during the 2nd quarter. Orgel Wealth Management LLC now owns 1,284 shares of the financial services provider's stock worth $420,000 after acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan is exploring a private-credit “second-look” program for credit-card applicants. The initiative could expand approvals and card revenue while using additional underwriting to control losses and limit exposure to riskier borrowers. Can Private Credit Unlock More Growth for JPMorgan’s Card Business?
• Positive Sentiment: A new partnership with Thunes is intended to broaden JPMorgan’s cross-border payments reach across more than 100 corridors, adding local payment methods and faster payouts. This supports growth in the bank’s payments franchise. JPM’s Thunes Partnership
• Positive Sentiment: J.P. Morgan Asset Management and Paraguay announced a $200 million sustainable-forestry investment. The transaction could modestly support JPM’s asset-management and sustainable-investing businesses. Paraguay Sustainable Forestry Investment
• Neutral Sentiment: JPMorgan strategists see as much as $115 billion potentially flowing into Indian equities as investors diversify away from crowded artificial-intelligence trades. The view highlights the bank’s global research and investment-banking franchise but is not a direct earnings forecast for JPM.
• Neutral Sentiment: JPMorgan’s market strategists remain constructive on equities despite higher bond yields, while its analysts continue to promote opportunities in AI infrastructure, REITs and energy. These calls may enhance JPMorgan’s advisory profile but have limited immediate impact on its own shares.
• Negative Sentiment: Jefferies lowered its JPMorgan price target to $365 from $370 and reiterated a Hold rating. The revision signals limited near-term upside after the stock’s strong performance and may weigh on sentiment. Jefferies Adjusts JPMorgan Price Target

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a "hold" rating in a report on Wednesday, July 15th. Evercore reissued an "outperform" rating and issued a $360.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. Weiss Ratings upgraded JPMorgan Chase & Co. from a "buy (b)" rating to a "buy (b+)" rating in a research note on Wednesday, September 2nd. Jefferies Financial Group lowered their target price on JPMorgan Chase & Co. from $370.00 to $365.00 and set a "hold" rating for the company in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and set a $375.00 target price on the stock in a report on Wednesday, July 22nd. Sixteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $360.58.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $342.99 on Friday. The stock has a market capitalization of $911.74 billion, a P/E ratio of 14.70, a P/E/G ratio of 1.39 and a beta of 0.98. The firm's 50-day moving average price is $353.76 and its two-hundred day moving average price is $325.46. 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.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share 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 business had revenue of $58.02 billion during the quarter, compared to analyst estimates of $50.72 billion. During the same quarter in the prior year, the firm posted $4.96 earnings per share. The company's revenue was up 27.7% on a year-over-year basis. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 24.3 earnings per share 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 paid a $1.65 dividend. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $6.60 dividend on an annualized basis and a yield of 1.9%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 25.71%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the business's stock in a transaction on Thursday, September 10th. The shares were 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 $25,066,092.07. The trade was 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 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. 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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