JPMorgan Chase & Co. $JPM Stock Position Lifted by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its JPMorgan Chase position by 8.5% in the third quarter, adding 9,721 shares to own 123,853 shares valued at approximately $41.0 million.
• Institutional investors and hedge funds own 71.55% of JPMorgan’s outstanding shares, while insider ownership stands at just 0.41%; insider Robin Leopold recently sold 2,500 shares under a pre-arranged trading plan.
• JPMorgan reported better-than-expected quarterly results, with $6.14 in EPS and $58.02 billion in revenue, and raised its quarterly dividend to $1.65 per share. Analysts maintain a “Moderate Buy” consensus with an average price target of $362.88.

GAMMA Investing LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,853 shares of the financial services provider's stock after purchasing an additional 9,721 shares during the period. JPMorgan Chase & Co. comprises about 1.4% of GAMMA Investing LLC's holdings, making the stock its 11th largest position. GAMMA Investing LLC's holdings in JPMorgan Chase & Co. were worth $40,974,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. E Fund Management Co. Ltd. raised its stake in 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 acquiring an additional 1,973 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in shares of JPMorgan Chase & Co. by 4.6% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 343,644 shares of the financial services provider's stock valued at $112,485,000 after buying an additional 15,017 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of JPMorgan Chase & Co. by 18.7% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 41,218 shares of the financial services provider's stock valued at $12,125,000 after buying an additional 6,492 shares during the last quarter. FAS Wealth Partners Inc. raised its holdings in shares of JPMorgan Chase & Co. by 4.3% in the first quarter. FAS Wealth Partners Inc. now owns 43,527 shares of the financial services provider's stock valued at $12,804,000 after buying an additional 1,794 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in JPMorgan Chase & Co. by 2.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,170,524 shares of the financial services provider's stock worth $383,148,000 after buying an additional 33,071 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the firm's 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 transaction, the insider directly owned 71,047 shares in the company, valued at $25,066,092.07. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: JPMorgan’s 10% dividend increase highlights strong earnings power and capital-generation capacity. The increase appears comfortably supported by the bank’s payout ratio, which may reinforce income-focused investor interest. JPMorgan dividend article
• Positive Sentiment: TD Cowen initiated coverage with a Hold rating and a $370 price target, implying meaningful potential upside from the reference price. While not an outright bullish recommendation, the target provides a constructive valuation signal.
• Positive Sentiment: Chase is expanding its business-banking platform with payroll services, creating an additional source of client engagement, fee revenue and cross-selling opportunities. Chase payroll article
• Neutral Sentiment: Analysts expect solid third-quarter revenue and continued banking momentum, but investors will also be watching expenses, credit provisions, loan growth and net interest income. Strong results could support the shares, while any deterioration could pressure the premium valuation. JPMorgan Q3 earnings preview
• Neutral Sentiment: JPMorgan appointed Eleni Skoura to lead its Chase business in Germany. The leadership change may support European growth, but it is unlikely to materially affect near-term earnings. JPMorgan Germany leadership article
• Negative Sentiment: JPMorgan strategists warn that rapidly rising long-term Treasury yields, approaching 6% for the 30-year bond, can weigh on markets and increase pressure on bank valuations, credit conditions and trading activity.
• Negative Sentiment: Investors remain concerned about elevated operating costs, potential credit deterioration and JPM’s relatively premium valuation ahead of earnings. The bank’s warnings that housing affordability is near financial-crisis lows also point to a weak or “frozen” housing market, a risk for consumer and mortgage-related activity.

JPMorgan Chase & Co. Stock Up 0.6%

Shares of NYSE:JPM opened at $331.67 on Friday. 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 market cap of $881.63 billion, a price-to-earnings ratio of 14.21, a P/E/G ratio of 1.36 and a beta of 1.02. The company has a 50 day moving average of $350.75 and a 200-day moving average of $328.64. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $366.50.

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 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 business had revenue of $58.02 billion for the quarter, compared to analyst estimates of $50.72 billion. During the same period in the prior year, the business posted $4.96 earnings per share. JPMorgan Chase & Co.'s revenue was up 27.7% compared to the same quarter last year. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 24.16 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm 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. This represents a $6.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, October 6th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. JPMorgan Chase & Co.'s dividend payout ratio is presently 28.28%.

Analyst Upgrades and Downgrades

JPM has been the subject of several research reports. Royal Bank Of Canada raised their price objective on shares of JPMorgan Chase & Co. from $330.00 to $370.00 and gave the company an "outperform" rating in a research report on Wednesday, July 15th. UBS Group decreased their price target on shares of JPMorgan Chase & Co. from $400.00 to $395.00 and set a "buy" rating on the stock in a research note on Monday. Jefferies Financial Group restated a "neutral" rating on shares of JPMorgan Chase & Co. in a research report on Friday, September 25th. Truist Financial upped their price objective on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the stock a "hold" rating in a report on Wednesday, July 15th. Finally, Bank of America increased their price objective on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a "buy" rating in a research report on Thursday, July 16th. Fifteen analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and an average 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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