JPMorgan Chase & Co. $JPM Shares Acquired by PYA Waltman Capital LLC

Key Points

• PYA Waltman Capital increased its JPMorgan stake by 39.6% in the second quarter, bringing its holdings to 13,235 shares valued at approximately $4.33 million. Institutional investors collectively own 71.55% of the company.
• JPMorgan reported stronger-than-expected quarterly results, with EPS of $6.14 and revenue of $58.02 billion, up 27.7% year over year. The bank also raised its quarterly dividend to $1.65, equivalent to a 1.9% yield.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $360.58 price target, although some firms describe limited near-term upside after the stock’s strong performance.

PYA Waltman Capital LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 39.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,235 shares of the financial services provider's stock after purchasing an additional 3,756 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.1% of PYA Waltman Capital LLC's investment portfolio, making the stock its 22nd largest holding. PYA Waltman Capital LLC's holdings in JPMorgan Chase & Co. were worth $4,332,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of America Corp DE lifted its position in JPMorgan Chase & Co. by 6.1% during the second quarter. Bank of America Corp DE now owns 69,666,753 shares of the financial services provider's stock worth $22,804,018,000 after acquiring an additional 4,006,293 shares during the last quarter. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $11,396,496,000. Bank of New York Mellon Corp increased its stake in shares of JPMorgan Chase & Co. by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 21,642,804 shares of the financial services provider's stock worth $7,084,339,000 after purchasing an additional 540,362 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of JPMorgan Chase & Co. by 0.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,833,413 shares of the financial services provider's stock worth $6,164,741,000 after purchasing an additional 134,634 shares during the period. Finally, Legal & General Group Plc lifted its holdings in JPMorgan Chase & Co. by 0.6% during the 4th quarter. Legal & General Group Plc now owns 19,019,564 shares of the financial services provider's stock worth $6,128,484,000 after purchasing an additional 110,586 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

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 transaction of $882,025.00. Following the completion of the transaction, the insider owned 71,047 shares of the company's stock, valued at approximately $25,066,092.07. The trade was a 3.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JPM. 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 report on Wednesday, July 15th. Robert W. Baird upped their price target on shares of JPMorgan Chase & Co. from $295.00 to $305.00 and gave the company a "neutral" rating in a research note on Wednesday, July 15th. Citigroup raised their price target on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the stock a "neutral" rating in a research report on Monday, July 20th. Morgan Stanley reiterated a "positive" rating and issued a $370.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and set a $375.00 price objective for the company in a research note on Wednesday, July 22nd. Sixteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and a consensus price target of $360.58.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $342.99 on Friday. The firm has a 50 day moving average of $353.76 and a 200-day moving average of $325.46. The stock has a market capitalization of $911.74 billion, a PE ratio of 14.70, a PEG ratio of 1.41 and a beta of 0.98. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. During the same quarter in the prior year, the firm posted $4.96 EPS. The firm's quarterly revenue was up 27.7% on a year-over-year basis. On average, equities research analysts predict that JPMorgan Chase & Co. will post 24.3 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be paid a $1.65 dividend. This represents a $6.60 annualized dividend 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 25.71%.

Key Headlines Impacting JPMorgan Chase & Co.

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

JPMorgan Chase & Co. Company 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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