JPMorgan Chase & Co. $JPM Stock Bought by Nan Shan Life Insurance Co. Ltd.

Key Points

• Nan Shan Life Insurance increased its JPMorgan stake by 21% in the second quarter, purchasing 34,552 additional shares. Its holdings totaled 198,905 shares valued at approximately $65.1 million, while institutional investors collectively owned 71.55% of JPM stock.
• Analysts maintained a generally positive view, with 16 Buy ratings and 12 Holds producing a “Moderate Buy” consensus and an average price target of $360.58. Several firms recently raised their targets, although Jefferies later trimmed its target to $365 and kept a Hold rating.
• JPMorgan reported quarterly EPS of $6.14 and revenue of $58.02 billion, beating expectations and marking 27.7% year-over-year revenue growth. The bank also raised its quarterly dividend to $1.65 per share, equivalent to a 1.9% annual yield.

Nan Shan Life Insurance Co. Ltd. raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 21.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 198,905 shares of the financial services provider's stock after purchasing an additional 34,552 shares during the quarter. JPMorgan Chase & Co. accounts for 2.1% of Nan Shan Life Insurance Co. Ltd.'s investment portfolio, making the stock its 14th biggest holding. Nan Shan Life Insurance Co. Ltd.'s holdings in JPMorgan Chase & Co. were worth $65,108,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MBM Wealth Consultants LLC acquired a new position in JPMorgan Chase & Co. during the first quarter worth $29,000. Aventus Investment Advisors Inc. purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter worth approximately $33,000. Osbon Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $35,000. Lifetime Wealth Management P.C. purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $65,000. Finally, Phillip James Consulting Co. purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $64,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Analyst Ratings Changes

JPM has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an "overweight" rating in a research note on Wednesday, July 15th. Citigroup boosted their target price on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the stock a "neutral" rating in a research report on Monday, July 20th. Morgan Stanley reissued a "positive" rating and issued a $370.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, July 15th. Truist Financial upped their price objective on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a "hold" rating in a research note on Wednesday, July 15th. Finally, Royal Bank Of Canada increased their target price 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 equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $360.58.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the business's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $352.81, for a total transaction of $882,025.00. Following the completion of the transaction, the insider directly owned 71,047 shares of the company's stock, valued at $25,066,092.07. The trade was a 3.40% decrease in their position. The transaction 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 currently owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

Shares of JPM 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 company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a fifty day moving average price of $353.76 and a 200 day moving average price of $325.46. The company has a market cap of $911.74 billion, a P/E ratio of 14.70, a PEG ratio of 1.41 and a beta of 0.98.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $58.02 billion for the quarter, compared to analysts' expectations of $50.72 billion. During the same period last year, the business posted $4.96 earnings per share. The firm's quarterly revenue was up 27.7% compared to the same quarter last year. On average, research analysts forecast that JPMorgan Chase & Co. will post 24.3 earnings per share for the current 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 issued a $1.65 dividend. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $6.60 dividend on an annualized basis and a dividend yield of 1.9%. JPMorgan Chase & Co.'s dividend payout ratio is 25.71%.

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. 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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