JPMorgan Chase & Co. $JPM Shares Acquired by Rakuten Investment Management Inc.

Key Points

• Rakuten Investment Management increased its JPMorgan stake by 8.8% in the third quarter, adding 38,696 shares to hold 477,115 shares valued at about $159.8 million.
• JPMorgan reported quarterly EPS of $5.75, below the $5.94 consensus, and revenue of $50.17 billion, below expectations; revenue nevertheless rose 8.1% year over year.
• The bank raised its quarterly dividend to $1.65 per share, or $6.60 annualized. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $368.33.

Rakuten Investment Management Inc. increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 477,115 shares of the financial services provider's stock after acquiring an additional 38,696 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.4% of Rakuten Investment Management Inc.'s holdings, making the stock its 22nd biggest holding. Rakuten Investment Management Inc.'s holdings in JPMorgan Chase & Co. were worth $159,824,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Horizons Wealth Management purchased a new position in JPMorgan Chase & Co. during the third quarter worth about $31,000. Aventus Investment Advisors Inc. acquired a new position in JPMorgan Chase & Co. during the second quarter worth approximately $33,000. Timbuktu Capital Management LLC purchased a new position in JPMorgan Chase & Co. during the second quarter worth approximately $50,000. NI Acquisitions Company LLC purchased a new position in JPMorgan Chase & Co. during the second quarter worth approximately $51,000. Finally, Torren Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 28.2% in the 3rd quarter. Torren Management LLC now owns 159 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: JPMorgan’s disciplined duration management and stable deposits may help protect its balance sheet if rates remain high. However, funding costs and regulatory exposure are still risks. JPM Flags Higher Rate Risks: Can Its Balance Sheet Stay Resilient?
• Positive Sentiment: ETFs bought about $65.6 million of JPM shares on Nov. 4, a supportive demand signal, though one day of flows may not indicate a lasting trend. 42 ETFs Add to JPMorgan Chase (JPM) on Nov. 4
• Neutral Sentiment: JPMorgan’s M&A chief expects a softer 2027, but suggested private-equity firms may eventually need to sell assets, potentially improving exit activity. JPMorgan’s M&A chief sees softer 2027—but a potential upside surprise in private equity exits
• Negative Sentiment: Senate Finance Committee Democrats plan to scrutinize JPMorgan’s relationship with Epstein and how senior executives handled it. The probe could prolong reputational and regulatory uncertainty; the reports do not establish wrongdoing. Democrats to probe JPMorgan's relationship with Epstein when they take Senate control

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a research note on Saturday. HSBC increased their target price on JPMorgan Chase & Co. from $369.00 to $377.00 and gave the stock a "hold" rating in a research report on Monday, September 28th. The Goldman Sachs Group reiterated an "outperform" rating and issued a $392.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, October 13th. Freedom Broker upgraded JPMorgan Chase & Co. from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 15th. Finally, Keefe, Bruyette & Woods restated an "outperform" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and an average price target of $368.33.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $334.67 on Monday. The firm has a market capitalization of $888.75 billion, a PE ratio of 14.04, a P/E/G ratio of 1.32 and a beta of 1.03. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.85. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $366.50. The company's 50 day simple moving average is $341.87 and its 200 day simple moving average is $323.78.

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 net margin of 21.85% and a return on equity of 18.48%. The firm had revenue of $50.17 billion for the quarter, compared to the consensus estimate of $51.23 billion. During the same period in the previous year, the business posted $5.07 earnings per share. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 23.95 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th were given a $1.65 dividend. This represents a $6.60 annualized dividend and a yield of 2.0%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. The ex-dividend date was Tuesday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.68%.

Insider Activity

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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a global financial services company serving consumers, businesses, institutional clients and governments. Its operations include consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management.

The company offers services such as deposit accounts, credit cards, mortgages, auto financing, lending, payment processing and investment advice. It also provides institutional clients with investment banking, markets, treasury and securities services, and commercial lending.

Headquartered in New York City, JPMorgan Chase serves customers across the United States and operates in many international markets.

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