JPMorgan Chase & Co. $JPM Shares Newly Acquired by Keeler Thomas Management LLC

Key Points

• Keeler Thomas Management acquired 11,667 JPMorgan shares worth approximately $3.8 million in the second quarter, while institutional investors collectively own 71.55% of the stock.
• Analysts maintain a “Moderate Buy” consensus, with 16 Buy ratings and 12 Holds and an average price target of $360.58; targets from several firms range from $305 to $420.
• JPMorgan reported quarterly earnings and revenue above expectations, with EPS of $6.14 and revenue of $58.02 billion, and raised its quarterly dividend to $1.65 per share, implying a 1.9% yield.

Keeler Thomas Management LLC purchased a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,667 shares of the financial services provider's stock, valued at approximately $3,819,000. JPMorgan Chase & Co. comprises about 1.3% of Keeler Thomas Management LLC's holdings, making the stock its 16th biggest position.

A number of other institutional investors have also modified their holdings of JPM. Legacy Financial Advisors Inc. grew its stake in shares of JPMorgan Chase & Co. by 3.2% during the second quarter. Legacy Financial Advisors Inc. now owns 34,993 shares of the financial services provider's stock worth $11,454,000 after acquiring an additional 1,098 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of JPMorgan Chase & Co. by 562.4% in the 2nd quarter. Proficio Capital Partners LLC now owns 28,707 shares of the financial services provider's stock valued at $9,397,000 after purchasing an additional 24,373 shares during the last quarter. Nwam LLC boosted its stake in JPMorgan Chase & Co. by 31.4% in the 2nd quarter. Nwam LLC now owns 27,880 shares of the financial services provider's stock worth $9,126,000 after purchasing an additional 6,657 shares in the last quarter. Gill Capital Partners LLC boosted its stake in JPMorgan Chase & Co. by 4.8% in the 2nd quarter. Gill Capital Partners LLC now owns 1,751 shares of the financial services provider's stock worth $573,000 after purchasing an additional 80 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its position in JPMorgan Chase & Co. by 6.6% during the 2nd quarter. Rehmann Capital Advisory Group now owns 36,423 shares of the financial services provider's stock worth $11,922,000 after purchasing an additional 2,256 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on JPM. The Goldman Sachs Group restated a "buy" rating and set a $418.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 14th. Morgan Stanley reissued a "positive" rating and issued a $370.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 15th. Bank of America raised their target price on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a "buy" rating in a research note on Thursday, July 16th. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and set a $375.00 price target for the company in a research report on Wednesday, July 22nd. Finally, Robert W. Baird increased their price objective on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. Sixteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and a consensus price target of $360.58.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the firm'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 in the company, valued at approximately $25,066,092.07. This trade represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.41% 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

JPMorgan Chase & Co. Trading Up 1.3%

JPM stock opened at $342.99 on Friday. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $366.50. The business's 50-day moving average is $353.76 and its 200 day moving average is $325.46. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.30. The stock has a market cap of $911.74 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 1.39 and a beta of 0.98.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, beating analysts' consensus estimates of $5.59 by $0.55. The business had revenue of $58.02 billion during the quarter, compared to analysts' expectations of $50.72 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The business's revenue was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.96 earnings per share. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 24.3 EPS for the current fiscal 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 annualized dividend and a yield of 1.9%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. JPMorgan Chase & Co.'s dividend payout ratio is currently 25.71%.

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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