JPMorgan Chase & Co. $JPM Shares Purchased by Vise Technologies Inc.

Key Points

• Vise Technologies nearly doubled its JPMorgan stake in the second quarter, increasing holdings by 90.9% to 251,991 shares valued at approximately $82.5 million. Institutional investors and hedge funds collectively own 71.55% of the stock.
• JPMorgan reported a strong quarter, with earnings of $6.14 per share and revenue of $58.02 billion, exceeding analyst expectations and representing 27.7% year-over-year revenue growth.
• The bank raised its quarterly dividend from $1.50 to $1.65 per share, while analysts maintained a “Moderate Buy” consensus rating with an average price target of $359.96.

Vise Technologies Inc. lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 90.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 251,991 shares of the financial services provider's stock after purchasing an additional 119,974 shares during the period. JPMorgan Chase & Co. accounts for about 0.9% of Vise Technologies Inc.'s portfolio, making the stock its 12th largest holding. Vise Technologies Inc.'s holdings in JPMorgan Chase & Co. were worth $82,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of JPM. OVERSEA CHINESE BANKING Corp Ltd raised its position in JPMorgan Chase & Co. by 19.6% in the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 55,774 shares of the financial services provider's stock valued at $18,261,000 after purchasing an additional 9,149 shares during the period. E Fund Management Co. Ltd. increased its stake in shares of JPMorgan Chase & Co. by 7.1% during the second quarter. E Fund Management Co. Ltd. now owns 29,956 shares of the financial services provider's stock worth $9,805,000 after buying an additional 1,973 shares during the period. Pasadena Private Wealth LLC raised its holdings in shares of JPMorgan Chase & Co. by 5.3% in the 2nd quarter. Pasadena Private Wealth LLC now owns 5,120 shares of the financial services provider's stock valued at $1,676,000 after purchasing an additional 257 shares in the last quarter. MSH Capital Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 17.2% during the 2nd quarter. MSH Capital Advisors LLC now owns 33,369 shares of the financial services provider's stock worth $10,923,000 after buying an additional 4,893 shares during the last quarter. Finally, Quartz Partners LLC lifted its stake in JPMorgan Chase & Co. by 7.3% during the second quarter. Quartz Partners LLC now owns 1,268 shares of the financial services provider's stock worth $415,000 after purchasing an additional 86 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 1.1%

NYSE:JPM opened at $354.10 on Wednesday. The stock has a market cap of $941.27 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 1.44 and a beta of 0.98. 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. has a 1 year low of $279.10 and a 1 year high of $366.50. The business has a fifty day moving average of $352.81 and a 200-day moving average of $323.02.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The business had revenue of $58.02 billion during the quarter, compared to analysts' expectations of $50.72 billion. During the same quarter last year, the business posted $4.96 earnings per share. The company's quarterly revenue was up 27.7% on a year-over-year basis. Equities analysts predict that JPMorgan Chase & Co. will post 24.3 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced 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. This represents a $6.60 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, October 6th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 25.71%.

Analyst Ratings Changes

A number of research analysts recently issued reports on JPM shares. Zacks Research upgraded JPMorgan Chase & Co. from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Keefe, Bruyette & Woods lifted their price objective on JPMorgan Chase & Co. from $370.00 to $384.00 and gave the stock an "outperform" rating in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and set a $375.00 price target on the stock in a research report on Wednesday, July 22nd. Citigroup lifted their price objective on JPMorgan Chase & Co. from $325.00 to $360.00 and gave the stock a "neutral" rating in a research report on Monday, July 20th. Finally, Weiss Ratings upgraded shares of JPMorgan Chase & Co. from a "buy (b)" rating to a "buy (b+)" rating in a report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $359.96.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 5,467 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $330.73, for a total value of $1,808,100.91. Following the transaction, the general counsel directly owned 40,961 shares of the company's stock, valued at $13,547,031.53. The trade was a 11.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 sale, the insider directly owned 71,047 shares in the company, valued at $25,066,092.07. The trade was a 3.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 10,467 shares of company stock worth $3,593,651 in the last quarter. Insiders own 0.41% 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 said third-quarter investment-banking fees and trading revenue are expected to show strong growth. Co-President Doug Petno also indicated that overall revenue is tracking ahead of expectations, helping reverse earlier weakness in the shares. JPMorgan expects investment banking, trading to shine in third quarter
• Positive Sentiment: The revenue outlook suggests continued momentum in JPMorgan’s capital-markets operations, including stronger deal activity and market-trading fees. The update provides a near-term catalyst following the bank’s recent earnings beat and robust year-over-year revenue growth. JPMorgan Chase stock rises after upbeat revenue outlook
• Neutral Sentiment: JPMorgan declared its regular quarterly dividend on common stock and dividends on Series CC preferred stock. The announcements reinforce shareholder distributions but appear routine rather than a new change in capital-return policy. JPMorganChase Declares Common Stock Dividend JPMorganChase Declares Preferred Stock Dividends
• Negative Sentiment: Investors continue to monitor signs that earnings growth may be slowing despite the benefit of higher interest rates. Jamie Dimon’s ongoing warnings about economic and structural pressures, along with elevated oil prices and potential effects on borrowers, remain longer-term risks for the bank. JPM Benefits from Higher Rates, but Earnings Growth Is Slowing

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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