JPMorgan Chase & Co. $JPM Shares Purchased by Jacobs Equity LLC

Jacobs Equity LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1,052.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,273 shares of the financial services provider's stock after buying an additional 21,254 shares during the period. JPMorgan Chase & Co. accounts for 5.3% of Jacobs Equity LLC's portfolio, making the stock its 8th largest holding. Jacobs Equity LLC's holdings in JPMorgan Chase & Co. were worth $7,618,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in shares of JPMorgan Chase & Co. by 6.1% in the 2nd quarter. Bank of America Corp DE now owns 69,666,753 shares of the financial services provider's stock valued at $22,804,018,000 after purchasing an additional 4,006,293 shares during the last quarter. Norges Bank bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $11,396,496,000. Bank of New York Mellon Corp raised its stake in shares of JPMorgan Chase & Co. by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 21,642,804 shares of the financial services provider's stock valued at $7,084,339,000 after acquiring an additional 540,362 shares in the last quarter. Legal & General Group Plc lifted its holdings in JPMorgan Chase & Co. by 0.6% in 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. Finally, Dimensional Fund Advisors LP lifted its holdings in JPMorgan Chase & Co. by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 18,968,884 shares of the financial services provider's stock worth $5,578,788,000 after purchasing an additional 607,288 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Up 0.7%

Shares of NYSE JPM opened at $352.27 on Tuesday. The stock has a market cap of $936.40 billion, a PE ratio of 15.09, a PEG ratio of 1.44 and a beta of 0.98. The business has a fifty day moving average of $354.07 and a two-hundred day moving average of $324.40. JPMorgan Chase & Co. has a 52-week low of $279.10 and a 52-week high of $366.50. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.59 by $0.55. The business had revenue of $58.02 billion for the quarter, compared to analyst estimates of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The firm's quarterly 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 EPS. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 24.3 earnings per share 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. Investors of record on Tuesday, October 6th will be issued a dividend of $1.65 per share. 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 payout ratio is 25.71%.

Analyst Ratings Changes

A number of research firms have recently commented on JPM. Citigroup lifted their price target on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a "neutral" rating in a research report on Monday, July 20th. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. Zacks Research lowered JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 14th. Morgan Stanley reaffirmed a "positive" rating and issued a $370.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 15th. Finally, Royal Bank Of Canada upped their price target on JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an "outperform" rating in a report 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $359.96.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. 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 completion of the transaction, the insider owned 71,047 shares in the company, valued at approximately $25,066,092.07. The trade was a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through 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.

Trending Headlines about JPMorgan Chase & Co.

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

• Positive Sentiment: The QIA partnership provides a significant new mandate for JPMorgan Asset Management and reinforces the bank’s global institutional-investment relationships. QIA and J.P. Morgan Asset Management Announce $20 Billion Strategic Partnership
• Positive Sentiment: JPMorgan investment-banking executives said dealmaking remains strong and is tracking toward a potentially record year, supporting expectations for higher advisory and underwriting revenue. JPMorgan Sees Dealmaking On Track for Record Year
• Positive Sentiment: CEO Jamie Dimon characterized artificial intelligence as a substantial investment opportunity comparable to the internet, potentially supporting JPMorgan’s long-term productivity and technology strategy, although near-term monetization remains uncertain. Jamie Dimon on AI and investment prospects
• Neutral Sentiment: Analysts continue to view selective acquisitions in payments, data and technology as a possible growth lever, while JPMorgan remains focused on organic expansion. The strategy could improve capabilities but may not materially affect earnings immediately. JPMorgan’s Selective M&A Strategy
• Negative Sentiment: Broader bank stocks faced pressure after the Federal Reserve raised interest rates, as investors reassessed the outlook for the rally and the potential effects of tighter financial conditions on economic growth and loan demand. Fed Rate Hike Fails to Lift Bank Stocks

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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