JPMorgan Chase & Co. $JPM Stock Bought by West Family Investments Inc.

Key Points

• West Family Investments increased its JPMorgan Chase stake by 92% in the second quarter, bringing its holdings to 8,256 shares valued at approximately $2.7 million. 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 $363.29. Several brokerages recently raised their targets.
• JPMorgan reported quarterly EPS of $6.14, exceeding estimates, while revenue rose 27.7% year over year to $58.02 billion. The company also increased its quarterly dividend to $1.65 per share, equivalent to a 2.0% annual yield.

West Family Investments Inc. increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 92.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,256 shares of the financial services provider's stock after acquiring an additional 3,955 shares during the period. JPMorgan Chase & Co. makes up about 0.8% of West Family Investments Inc.'s holdings, making the stock its 19th largest holding. West Family Investments Inc.'s holdings in JPMorgan Chase & Co. were worth $2,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in shares of JPMorgan Chase & Co. by 6.1% during the second quarter. Bank of America Corp DE now owns 69,666,753 shares of the financial services provider's stock worth $22,804,018,000 after buying an additional 4,006,293 shares during the period. Norges Bank purchased a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $11,396,496,000. Bank of New York Mellon Corp grew its holdings in JPMorgan Chase & Co. by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 21,642,804 shares of the financial services provider's stock worth $7,084,339,000 after acquiring an additional 540,362 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in JPMorgan Chase & Co. by 0.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,833,413 shares of the financial services provider's stock worth $6,164,741,000 after acquiring an additional 134,634 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of 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 valued at $5,578,788,000 after purchasing an additional 607,288 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on JPM. Bank of America raised their price objective on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a "buy" rating in a report on Thursday, July 16th. Citigroup increased their target price on JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a "neutral" rating in a report on Monday, July 20th. Morgan Stanley restated a "positive" rating and issued a $370.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 15th. Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $375.00 to $390.00 and gave the stock an "overweight" rating in a research report on Friday, August 14th. Finally, Truist Financial increased their price objective on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a "hold" rating in a report on Wednesday, July 15th. Sixteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $363.29.

Insider Buying and Selling

In related 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 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.41% of the company's stock.

JPMorgan Chase & Co. Stock Up 0.7%

JPM opened at $333.09 on Friday. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $366.50. The business has a 50 day moving average price of $352.86 and a two-hundred day moving average price of $327.08. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. The company has a market cap of $885.42 billion, a PE ratio of 14.27, a P/E/G ratio of 1.38 and a beta of 1.02.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The company had revenue of $58.02 billion for the quarter, compared to analysts' expectations of $50.72 billion. During the same period in the previous year, the company posted $4.96 EPS. JPMorgan Chase & Co.'s revenue was up 27.7% compared to the same quarter last year. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 24.11 EPS 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. Shareholders of record on Tuesday, October 6th will be given a dividend of $1.65 per share. The ex-dividend date is Tuesday, October 6th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a yield of 2.0%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 25.71%.

JPMorgan Chase & Co. News Roundup

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

• Positive Sentiment: Strong earnings setup: Analysts expect JPMorgan to potentially beat estimates again, citing its history of positive earnings surprises and favorable underlying factors. Its latest reported quarter also exceeded consensus expectations for both earnings and revenue. Will JPMorgan Chase & Co. Beat Estimates Again?
• Positive Sentiment: Dividend and capital appeal: JPMorgan remains a prominent income-stock candidate, with its dividend ex-date approaching. Analysts also highlight the bank’s capital cushion and track record as supporting dividend resilience during a downturn. JPM vs. BAC: The Bank Built to Sustain Dividend Growth
• Positive Sentiment: Potentially clearer regulatory planning: The Federal Reserve’s revised stress-testing framework is intended to reduce swings in bank capital requirements, which could improve JPMorgan’s ability to plan distributions and manage capital. Fed Revamps Bank Stress Tests
• Neutral Sentiment: Management succession planning: JPMorgan elevated Doug Petno and Troy Rohrbaugh to co-presidents as the board prepares for Jamie Dimon’s eventual succession. The move adds structure but also highlights uncertainty around replacing the long-serving CEO. JPMorgan Elevates Co-Presidents
• Neutral Sentiment: Bond-market activity: JPMorgan has completed several fixed-income offerings, increasing funding while investors assess the implications for its capital structure. The activity is not necessarily negative, but it may reinforce scrutiny of leverage and funding costs. JPMorgan Taps Bond Markets
• Negative Sentiment: Sector-wide selling: JPMorgan is being dragged lower with other money-center banks as investors reduce exposure to financial stocks. Citigroup and Bank of America also declined, indicating the pressure is broader than company-specific news. Bank Stocks Slide
• Negative Sentiment: Technical pressure: JPM shares are trading below their 50-day moving average, a signal that near-term momentum has weakened and that investors may remain cautious despite the stock’s longer-term fundamentals. JPMorgan Trades Below 50-Day SMA

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, 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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