JPMorgan Chase & Co. $JPM Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management increased its JPMorgan stake by 0.7% in the second quarter, adding 134,634 shares to own 18.83 million shares valued at approximately $6.16 billion. Institutional investors collectively hold 71.55% of JPMorgan’s outstanding stock.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $360.58. Recent targets range from $365 at Jefferies, which reiterated “Hold,” to $420 at Barclays, which maintained an “Overweight” rating.
• JPMorgan reported quarterly earnings of $6.14 per share and revenue of $58.02 billion, exceeding estimates, while revenue grew 27.7% year over year. The bank also raised its quarterly dividend to $1.65 per share, equivalent to a 2.0% annual yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,833,413 shares of the financial services provider's stock after buying an additional 134,634 shares during the period. JPMorgan Chase & Co. makes up 1.1% of UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings, making the stock its 15th largest position. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.71% of JPMorgan Chase & Co. worth $6,164,741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Mexico Educational Retirement Board boosted its holdings in JPMorgan Chase & Co. by 5.8% in the second quarter. New Mexico Educational Retirement Board now owns 134,050 shares of the financial services provider's stock worth $43,879,000 after acquiring an additional 7,400 shares in the last quarter. Toth Financial Advisory Corp raised its holdings in shares of JPMorgan Chase & Co. by 4.4% in the second quarter. Toth Financial Advisory Corp now owns 2,034 shares of the financial services provider's stock worth $666,000 after buying an additional 86 shares during the last quarter. Mufg Securities Americas Inc. raised its holdings in shares of JPMorgan Chase & Co. by 9.2% in the second quarter. Mufg Securities Americas Inc. now owns 88,605 shares of the financial services provider's stock worth $29,003,000 after buying an additional 7,488 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its stake in shares of JPMorgan Chase & Co. by 0.5% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 26,964 shares of the financial services provider's stock worth $8,826,000 after buying an additional 124 shares during the period. Finally, Northstar Asset Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 46.4% during the second quarter. Northstar Asset Management Inc. now owns 1,467 shares of the financial services provider's stock valued at $480,000 after buying an additional 465 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on JPM. Jefferies Financial Group reduced their target price on JPMorgan Chase & Co. from $370.00 to $365.00 and set a "hold" rating for the company in a research note on Thursday. The Goldman Sachs Group reaffirmed a "buy" rating and set a $418.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. Morgan Stanley restated a "positive" rating and issued a $370.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 15th. UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $384.00 to $400.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Finally, Barclays lifted their price target on JPMorgan Chase & Co. from $391.00 to $420.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. Sixteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $360.58.

Insider Buying and Selling

In other news, insider Robin Leopold sold 2,500 shares of the company'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 transaction, the insider owned 71,047 shares of the company's stock, 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 SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Up 0.2%

Shares of NYSE JPM opened at $338.05 on Friday. The stock has a market cap of $898.60 billion, a PE ratio of 14.48, a P/E/G ratio of 1.40 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. The company has a 50-day moving average of $353.73 and a 200 day moving average of $325.34.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its 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 business had revenue of $58.02 billion for the quarter, compared to analyst estimates of $50.72 billion. During the same period last year, the company posted $4.96 EPS. The business's revenue was up 27.7% on a year-over-year basis. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be paid a dividend of $1.65 per share. 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 of this dividend is Tuesday, October 6th. JPMorgan Chase & Co.'s payout ratio 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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