JPMorgan Chase & Co. $JPM Stock Acquired by Artemis Investment Management LLP

Artemis Investment Management LLP increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 59.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 104,141 shares of the financial services provider's stock after buying an additional 38,677 shares during the quarter. Artemis Investment Management LLP's holdings in JPMorgan Chase & Co. were worth $34,453,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JPM. Horizons Wealth Management acquired a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $31,000. MBM Wealth Consultants LLC purchased a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $29,000. Aventus Investment Advisors Inc. purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $33,000. Osbon Capital Management LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $35,000. Finally, Timbuktu Capital Management LLC acquired a new position in JPMorgan Chase & Co. in the second quarter valued at about $50,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction dated 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. This trade represents a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by corporate insiders.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: Analyst target implies upside: TD Cowen initiated coverage with a “hold” rating and a $370 price target, indicating potential appreciation from recent levels despite the cautious recommendation. TD Cowen initiates JPMorgan coverage
• Positive Sentiment: Dividend growth supports the investment case: JPMorgan recently increased its dividend by 10%, a move viewed as evidence of strong earnings and capital-generation capacity. JPMorgan dividend increase
• Positive Sentiment: Business expansion continues: Chase is adding payroll capabilities to its business-banking platform, potentially deepening relationships with commercial clients and creating additional fee opportunities. Chase adds payroll services
• Neutral Sentiment: Q3 earnings are the next major catalyst: Analysts are evaluating net interest income, loan growth, credit provisions, investment-banking activity and expense trends ahead of the company’s expected October 13 report. Expectations call for year-over-year earnings growth, but elevated investor expectations could increase volatility. JPMorgan Q3 earnings preview
• Negative Sentiment: Rising long-term Treasury yields are a headwind: JPMorgan strategists say the 30-year yield approaching 6% reflects concerns about government debt and could hurt small- and mid-cap borrowers, market valuations and broader risk appetite. JPMorgan flags rising Treasury yields
• Negative Sentiment: Dimon’s warnings reinforce macro concerns: The CEO has cautioned that sticky inflation, higher rates, a bond-market selloff and competition for capital could squeeze corporate borrowers. Analysts also note that sharply rising yields can pressure banks through bond-market losses, funding costs and weaker loan demand. Banks under pressure from spiking yields
• Negative Sentiment: Housing weakness poses an indirect risk: JPMorgan says U.S. housing affordability is near financial-crisis lows and that the market is effectively frozen, signaling potential pressure on mortgage activity, consumer finances and credit quality. JPMorgan comments on housing affordability

JPMorgan Chase & Co. Stock Up 0.2%

JPM traded up $0.78 during trading hours on Thursday, hitting $330.36. 3,466,975 shares of the company's stock were exchanged, compared to its average volume of 9,205,087. The firm has a market cap of $878.16 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 1.36 and a beta of 1.02. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $366.50. 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 firm has a 50 day moving average of $351.12 and a 200 day moving average of $328.32.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $58.02 billion for the quarter, compared to analyst estimates of $50.72 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The company's revenue was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.96 earnings per share. Analysts predict that JPMorgan Chase & Co. will post 24.16 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be given a $1.65 dividend. 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 2.0%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. JPMorgan Chase & Co.'s dividend payout ratio is 28.28%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on JPM. Weiss Ratings upgraded shares of JPMorgan Chase & Co. from a "buy (b)" rating to a "buy (b+)" rating in a research report on Wednesday, September 2nd. Morgan Stanley reaffirmed a "positive" rating and set a $370.00 price objective on shares of JPMorgan Chase & Co. in a research 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 target price for the company in a report on Wednesday, July 22nd. 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 research note on Wednesday, July 15th. Finally, UBS Group dropped their price objective on JPMorgan Chase & Co. from $400.00 to $395.00 and set a "buy" rating for the company in a research note on Monday. Fifteen analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and a consensus target price of $362.88.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, investment banking, asset management, private banking, commercial banking, consumer lending and payment services to individuals, businesses, institutions and governments.

The company operates through major business areas that include Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management. Its products and services include deposit accounts, credit cards, mortgages, auto loans, business financing, investment and advisory services, securities trading and custody, payment processing, and wealth-management solutions.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across international markets.

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