JPMorgan Chase & Co. $JPM Stock Position Raised by Congress Asset Management Co.

Key Points

• Congress Asset Management increased its JPMorgan stake by 22.1% in the third quarter, adding 23,097 shares for a total holding of 127,614 shares valued at approximately $42.2 million. Institutional investors collectively own 71.55% of the stock.
• JPMorgan recently reported stronger-than-expected results, with quarterly EPS of $6.14 and revenue of $58.02 billion, while analysts maintain a consensus “Moderate Buy” rating and an average price target of $363.08.
• The bank raised its quarterly dividend from $1.50 to $1.65 per share, equivalent to a $6.60 annualized payout and a 2.0% yield. Separately, insider Robin Leopold sold 2,500 shares under a pre-arranged trading plan.

Congress Asset Management Co. increased its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 22.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 127,614 shares of the financial services provider's stock after purchasing an additional 23,097 shares during the quarter. Congress Asset Management Co.'s holdings in JPMorgan Chase & Co. were worth $42,219,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JPM. Concorde Asset Management LLC grew its holdings in JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Concorde Asset Management LLC now owns 2,660 shares of the financial services provider's stock valued at $871,000 after buying an additional 29 shares in the last quarter. Elevation Wealth Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.0% in the second quarter. Elevation Wealth Management LLC now owns 3,074 shares of the financial services provider's stock worth $1,006,000 after buying an additional 29 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 0.8% in the second quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,531 shares of the financial services provider's stock worth $1,156,000 after buying an additional 29 shares in the last quarter. Arkansas Financial Group Inc. boosted its position in shares of JPMorgan Chase & Co. by 1.1% in the second quarter. Arkansas Financial Group Inc. now owns 2,667 shares of the financial services provider's stock valued at $873,000 after acquiring an additional 30 shares during the period. Finally, Flynn Zito Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 1.1% in the second quarter. Flynn Zito Capital Management LLC now owns 2,830 shares of the financial services provider's stock valued at $926,000 after acquiring an additional 30 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan’s upcoming third-quarter report is expected to show earnings growth, with analysts citing favorable revenue trends and the potential for another earnings beat. The bank’s equities business reportedly surged 86% in the prior quarter, which could support trading and investment-banking revenue. JPMorgan earnings expectations
• Positive Sentiment: JPMorgan hired veteran dealmaker Rob Sweeney as global chair of investment banking, signaling continued expansion in a business that could benefit from a recovery in mergers, acquisitions and capital markets activity. JPMorgan hires Rob Sweeney
• Positive Sentiment: JPMorgan provided institutional-settlement expertise to Solana’s new delivery-versus-payment program, highlighting the bank’s involvement in blockchain infrastructure and potentially strengthening its position in emerging financial technology. Solana settlement program
• Neutral Sentiment: J.P. Morgan Asset Management expanded its Retirement Link platform with additional in-plan retirement-income solutions and administrative capabilities. The move supports long-term asset-management growth but is unlikely to materially affect near-term results. Retirement Link enhancements
• Negative Sentiment: Dimon said AI-related threats increased sharply after Anthropic released its Mythos model, raising concerns about cybersecurity vulnerabilities and the potential cost of protecting JPMorgan’s systems and customers. Dimon AI risk warning
• Negative Sentiment: Dimon also warned that inflation may remain sticky, interest rates could rise and global competition for capital could pressure corporate borrowers. Those comments point to potential stress in credit markets and weaker demand for financing, weighing on investor sentiment toward banks. Dimon corporate credit warning

Insider Activity

In other news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction on 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 sale, the insider directly owned 71,047 shares of the company's stock, valued at approximately $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 accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.41% of the company's stock.

JPMorgan Chase & Co. Price Performance

JPM traded down $0.84 on Tuesday, reaching $331.54. The company had a trading volume of 6,286,203 shares, compared to its average volume of 9,245,578. The business has a 50 day simple moving average of $351.96 and a 200 day simple moving average of $327.72. The company has a market cap of $881.28 billion, a price-to-earnings ratio of 14.20, a P/E/G ratio of 1.39 and a beta of 1.02. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85. JPMorgan Chase & Co. has a 52-week low of $279.10 and a 52-week high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results 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 business had revenue of $58.02 billion during the quarter, compared to analyst estimates of $50.72 billion. During the same period in the previous year, the business posted $4.96 earnings per share. JPMorgan Chase & Co.'s revenue for the quarter was up 27.7% on a year-over-year basis. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 24.11 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be given 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 is Tuesday, October 6th. This represents a $6.60 annualized dividend and a dividend yield of 2.0%. JPMorgan Chase & Co.'s dividend payout ratio is 28.28%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup upped their target price on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the stock a "neutral" rating in a report on Monday, July 20th. Truist Financial raised their price target on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a "hold" rating in a report on Wednesday, July 15th. Jefferies Financial Group restated a "neutral" rating on shares of JPMorgan Chase & Co. in a research report on Friday, September 25th. Evercore reaffirmed an "outperform" rating and issued a $360.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 6th. Finally, Morgan Stanley reiterated a "positive" rating and issued a $370.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 15th. Sixteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $363.08.

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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