JPMorgan Chase & Co. $JPM Stock Purchased by Ameritas Advisory Services LLC

Key Points

• Ameritas Advisory Services increased its JPMorgan stake by 48.4% in the second quarter, owning 49,825 shares valued at approximately $16.3 million. Institutional investors collectively hold 71.55% of JPMorgan’s shares.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $363.29; recent targets range from $360 to $420.
• JPMorgan reported quarterly EPS of $6.14, exceeding expectations, while revenue rose 27.7% year over year to $58.02 billion. The bank also increased its quarterly dividend to $1.65 per share, representing a 2.0% yield.

Ameritas Advisory Services LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 48.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 49,825 shares of the financial services provider's stock after purchasing an additional 16,259 shares during the quarter. Ameritas Advisory Services LLC's holdings in JPMorgan Chase & Co. were worth $16,309,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of JPM. Trevian Wealth Management LLC grew its position in JPMorgan Chase & Co. by 3.2% in the 2nd quarter. Trevian Wealth Management LLC now owns 1,653 shares of the financial services provider's stock worth $541,000 after purchasing an additional 52 shares during the period. Henrickson Nauta Wealth Advisors Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.8% in the 2nd 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 during the last quarter. Wedmont Private Capital boosted its stake in shares of JPMorgan Chase & Co. by 6.8% in the 2nd quarter. Wedmont Private Capital now owns 54,011 shares of the financial services provider's stock worth $18,173,000 after buying an additional 3,424 shares during the last quarter. Kintra Wealth LLC grew its holdings in shares of JPMorgan Chase & Co. by 35.2% in the second quarter. Kintra Wealth LLC now owns 26,149 shares of the financial services provider's stock worth $9,495,000 after acquiring an additional 6,805 shares during the period. Finally, Morling Financial Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.7% in the second quarter. Morling Financial Advisors LLC now owns 1,844 shares of the financial services provider's stock worth $604,000 after acquiring an additional 30 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on JPM. The Goldman Sachs Group reissued a "buy" rating and issued a $418.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. Evercore restated an "outperform" rating and set a $360.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. Royal Bank Of Canada upped their price target 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. Citigroup increased their price objective on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the stock a "neutral" rating in a research note on Monday, July 20th. Finally, Bank of America raised their price objective on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a "buy" rating in a report on Thursday, July 16th. Sixteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $363.29.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $331.37 on Thursday. The business has a 50-day simple moving average of $353.18 and a two-hundred day simple moving average of $326.73. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $366.50. The stock has a market cap of $880.83 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 1.38 and a beta of 0.98.

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 analysts' consensus estimates of $5.59 by $0.55. The company had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The firm's revenue was up 27.7% on a year-over-year basis. During the same period in the previous year, the company posted $4.96 EPS. On average, analysts expect that JPMorgan Chase & Co. will post 24.33 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company 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 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 payout ratio is 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

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of the company's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total value of $882,025.00. Following the completion of the transaction, the insider owned 71,047 shares of the company's stock, valued at approximately $25,066,092.07. This represents a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.41% of the company's stock.

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.

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.