JPMorgan Chase & Co. $JPM Stock Position Raised by Bank Julius Baer & Co. Ltd Zurich

Key Points

• Bank Julius Baer & Co. Ltd Zurich increased its JPMorgan stake by 1.4% in the third quarter, adding 26,811 shares to hold about 1.96 million shares valued at $648.6 million.
• JPMorgan reported quarterly EPS of $5.75 and revenue of $50.17 billion, both below analyst estimates, although revenue rose 8.1% year over year. The bank raised its quarterly dividend from $1.50 to $1.65 per share.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $368.33; 15 analysts rated the stock Buy or Strong Buy, while 13 rated it Hold.

Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,958,610 shares of the financial services provider's stock after purchasing an additional 26,811 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.7% of Bank Julius Baer & Co. Ltd Zurich's portfolio, making the stock its 11th biggest position. Bank Julius Baer & Co. Ltd Zurich owned about 0.07% of JPMorgan Chase & Co. worth $648,592,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Horizons Wealth Management bought a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at $31,000. Aventus Investment Advisors Inc. bought a new stake in shares of JPMorgan Chase & Co. in the second quarter worth about $33,000. Timbuktu Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $50,000. NI Acquisitions Company LLC acquired a new position in JPMorgan Chase & Co. during the second quarter worth about $51,000. Finally, Montgomery Financial Services LLC acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $62,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 0.8%

Shares of JPMorgan Chase & Co. stock opened at $334.67 on Friday. JPMorgan Chase & Co. has a 52-week low of $279.10 and a 52-week high of $366.50. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $889.61 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company's fifty day moving average price is $341.87 and its two-hundred day moving average price is $323.78.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.94 by ($0.19). JPMorgan Chase & Co. had a net margin of 21.85% and a return on equity of 18.48%. The business had revenue of $50.17 billion during the quarter, compared to analyst estimates of $51.23 billion. During the same period last year, the firm posted $5.07 earnings per share. JPMorgan Chase & Co.'s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts expect that JPMorgan Chase & Co. will post 23.95 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th were issued a dividend of $1.65 per share. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. The ex-dividend date was Tuesday, October 6th. This represents a $6.60 annualized dividend and a yield of 2.0%. JPMorgan Chase & Co.'s payout ratio is 27.68%.

Analysts Set New Price Targets

Several research firms have weighed in on JPM. Weiss Ratings lowered JPMorgan Chase & Co. from a "buy (a-)" rating to a "buy (b+)" rating in a report on Friday, October 23rd. Truist Financial increased their price objective on shares of JPMorgan Chase & Co. from $352.00 to $361.00 and gave the stock a "hold" rating in a research report on Wednesday, October 14th. Wall Street Zen downgraded JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a report on Saturday. Bank of America increased 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. Finally, Barclays increased their price objective on JPMorgan Chase & Co. from $420.00 to $425.00 and gave the company an "overweight" rating in a report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and a consensus target price of $368.33.

Trending Headlines about JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan’s disciplined duration management and stable deposits may help protect its balance sheet if rates remain high. However, funding costs and regulatory exposure are still risks. JPM Flags Higher Rate Risks: Can Its Balance Sheet Stay Resilient?
• Positive Sentiment: ETFs bought about $65.6 million of JPM shares on Nov. 4, a supportive demand signal, though one day of flows may not indicate a lasting trend. 42 ETFs Add to JPMorgan Chase (JPM) on Nov. 4
• Neutral Sentiment: JPMorgan’s M&A chief expects a softer 2027, but suggested private-equity firms may eventually need to sell assets, potentially improving exit activity. JPMorgan’s M&A chief sees softer 2027—but a potential upside surprise in private equity exits
• Negative Sentiment: Senate Finance Committee Democrats plan to scrutinize JPMorgan’s relationship with Epstein and how senior executives handled it. The probe could prolong reputational and regulatory uncertainty; the reports do not establish wrongdoing. Democrats to probe JPMorgan's relationship with Epstein when they take Senate control

Insider Buying and Selling

In other JPMorgan Chase & Co. 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 transaction of $882,025.00. Following the transaction, the insider 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 legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by company insiders.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a global financial services company serving consumers, businesses, institutional clients and governments. Its operations include consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management.

The company offers services such as deposit accounts, credit cards, mortgages, auto financing, lending, payment processing and investment advice. It also provides institutional clients with investment banking, markets, treasury and securities services, and commercial lending.

Headquartered in New York City, JPMorgan Chase serves customers across the United States and operates in many international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.