JPMorgan Chase & Co. $JPM Stock Position Raised by Kintra Wealth LLC

Key Points

• Kintra Wealth increased its JPMorgan Chase position by 35.2% in the second quarter, adding 6,805 shares to hold 26,149 shares valued at approximately $9.5 million. Institutional investors collectively own 71.55% of the stock.
• JPMorgan reported quarterly earnings of $6.14 per share, beating estimates of $5.59, while revenue rose 27.7% year over year to $58.02 billion. The company also raised its quarterly dividend to $1.65 per share, representing a 2.0% yield.
• Shares opened at $331.37, below the consensus analyst price target of $363.29; analysts maintain a “Moderate Buy” consensus, although the stock has recently fallen below its 50-day moving average and faces valuation concerns.

Kintra Wealth LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 35.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,149 shares of the financial services provider's stock after acquiring an additional 6,805 shares during the period. Kintra Wealth LLC's holdings in JPMorgan Chase & Co. were worth $9,495,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JPM. Norges Bank purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $11,396,496,000. Bank of America Corp DE increased its stake in JPMorgan Chase & Co. by 15.8% during the 1st quarter. Bank of America Corp DE now owns 65,660,460 shares of the financial services provider's stock worth $19,314,681,000 after buying an additional 8,941,351 shares during the period. Ascentis Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 32,672.0% during the 2nd quarter. Ascentis Wealth Management LLC now owns 4,647,071 shares of the financial services provider's stock worth $1,521,126,000 after buying an additional 4,632,891 shares during the period. Jupiter Topco LLC acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter worth approximately $1,274,097,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in JPMorgan Chase & Co. by 31.5% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,944,004 shares of the financial services provider's stock worth $2,042,648,000 after buying an additional 1,662,250 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Down 1.1%

Shares of NYSE JPM opened at $331.37 on Thursday. The business has a 50-day moving average of $353.18 and a two-hundred day moving average of $326.73. The company has a market capitalization of $880.83 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98. JPMorgan Chase & Co. has a 1 year low of $279.10 and a 1 year 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.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 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 business had revenue of $58.02 billion for the quarter, compared to the consensus estimate of $50.72 billion. During the same quarter in the prior year, the business posted $4.96 EPS. The business's revenue for the quarter was up 27.7% on a year-over-year basis. On average, analysts forecast that JPMorgan Chase & Co. will post 24.33 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be paid a $1.65 dividend. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, October 6th. JPMorgan Chase & Co.'s payout ratio is currently 25.71%.

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan’s dividend increase and history of maintaining substantial capital cushions continue to support its appeal as a relatively defensive income stock, particularly compared with other large banks. JPM vs. BAC: The Bank Built to Sustain Dividend Growth When Markets Turn
• Positive Sentiment: The bank is participating in an Nvidia collaboration focused on securing AI agents through tools designed to control and monitor their actions. JPMorgan and Citi are also exploring shared AI technologies for banking workflows, reinforcing the bank’s technology-investment narrative. JPMorgan Chase Stock: AI Collaboration Gains Attention Amid Market Pressure
• Neutral Sentiment: JPMorgan’s market-intelligence team has shifted back to a more constructive view on technology stocks, citing steadier bond markets and lower oil prices. This may support trading and investment-banking activity, but it does not directly change JPMorgan’s near-term earnings outlook. JPMorgan Market Intelligence Desk Goes Bullish on Tech Stocks
• Negative Sentiment: Shares fell below their 50-day simple moving average, a technical breakdown that signals deteriorating near-term momentum and can encourage additional selling by technically oriented investors. JPMorgan Trades Below 50-Day SMA: Buy, Sell or Hold the Stock?
• Negative Sentiment: Valuation concerns remain as JPMorgan trades above an estimated fair-value measure, limiting enthusiasm despite its strong fundamentals. Investors are also weighing elevated market valuations and the possibility of additional Federal Reserve rate hikes if inflation stays persistent. J.P. Morgan Sees Fed Rate Hikes Going Out With a Bang This Year

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays boosted their price target on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. 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 note on Thursday, July 16th. Citigroup boosted their target price on JPMorgan Chase & Co. from $325.00 to $360.00 and gave the stock a "neutral" rating in a research note on Monday, July 20th. UBS Group upped their price target on JPMorgan Chase & Co. from $384.00 to $400.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Finally, Weiss Ratings raised JPMorgan Chase & Co. from a "buy (b)" rating to a "buy (b+)" rating in a research report on Wednesday, September 2nd. Sixteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $363.29.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the firm's stock in a transaction that occurred 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 sale, the insider owned 71,047 shares of the company's stock, valued at approximately $25,066,092.07. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Company 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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