JPMorgan Chase & Co. $JPM Stock Purchased by Pzena Investment Management LLC

Key Points

• Pzena Investment Management increased its JPMorgan stake by 2.1% in the third quarter, adding 7,037 shares and bringing its holdings to 341,131 shares, valued at about $112.9 million.
• JPMorgan’s latest quarterly results fell short of analyst expectations: EPS was $5.75 versus a $5.94 consensus, and revenue was $50.17 billion versus $51.23 billion, though 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.

Pzena Investment Management LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 341,131 shares of the financial services provider's stock after buying an additional 7,037 shares during the quarter. Pzena Investment Management LLC's holdings in JPMorgan Chase & Co. were worth $112,856,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. E Fund Management Co. Ltd. grew its holdings in shares of 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 buying an additional 1,973 shares in the last quarter. Edmond DE Rothschild Holding S.A. lifted its stake in shares of JPMorgan Chase & Co. by 4.6% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 343,644 shares of the financial services provider's stock worth $112,485,000 after purchasing an additional 15,017 shares during the period. Neumann Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth $3,457,000. First National Bank of Mount Dora Trust Investment Services grew its position 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 purchasing an additional 6,492 shares during the period. Finally, FAS Wealth Partners Inc. increased its stake in 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 purchasing an additional 1,794 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Up 2.2%

NYSE JPM opened at $341.95 on Tuesday. The company has a market capitalization of $908.09 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 1.39 and a beta of 1.03. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.85. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $366.50. The company's fifty day moving average price is $341.56 and its two-hundred day moving average price is $323.98.

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 EPS for the quarter, missing the consensus estimate of $5.94 by ($0.19). The company had revenue of $50.17 billion for the quarter, compared to the consensus estimate of $51.23 billion. JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The business's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $5.07 EPS. As a group, research analysts predict that JPMorgan Chase & Co. will post 23.95 earnings per share for the current fiscal 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 represents a $6.60 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. The ex-dividend date of this dividend was Tuesday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.68%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on JPM. UBS Group raised their target price on shares of JPMorgan Chase & Co. from $395.00 to $400.00 and gave the stock a "buy" rating in a research report on Monday, November 2nd. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and set a $375.00 price objective for the company in a report on Wednesday, July 22nd. Zacks Research cut JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. TD Cowen initiated coverage on JPMorgan Chase & Co. in a report on Thursday, October 8th. They set a "hold" rating and a $370.00 target price for the company. Finally, HSBC lifted their price target on shares of JPMorgan Chase & Co. from $369.00 to $377.00 and gave the company a "hold" rating in a research report on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $368.33.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 71,047 shares in the company, valued at $25,066,092.07. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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.

Trending Headlines about JPMorgan Chase & Co.

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

• Positive Sentiment: IPO activity lifted investment-bank sentiment. JPMorgan shares were among the large bank stocks gaining as investors focused on banks’ opportunity to earn fees from a coming wave of major IPOs. This is a near-term tailwind, though the article does not identify a specific JPMorgan mandate. Article: Morgan Stanley Climbs 4% on Vinyl Equity Deal to Capture IPO Wealth; Goldman Sachs Rises 5%, JPMorgan Gains 2%
• Neutral Sentiment: Shareholding disclosures appear to be secondary. JPMorgan and affiliates ceased to be substantial holders of Liontown, while a separate filing disclosed a 6.884% stake in BlueNord. These notices concern JPMorgan’s investment holdings and provide little direct information about its operating outlook. Article: JPMorgan Chase and Affiliates Cease to Be Substantial Holders of Liontown Article: JPMorgan Chase Discloses 6.884% Stake in BlueNord
• Negative Sentiment: Potential 2027 M&A slowdown could weigh on advisory fees. JPMorgan expects deal activity to moderate, which may pressure investment-banking revenue; more private-equity exits could partly offset that risk. Article: JPM Expects M&A Slowdown in 2027: Can Private Equity Exits Offset?
• Negative Sentiment: Reported ETF selling may signal some investor outflows. ETFs were net sellers of $144.5 million of JPMorgan shares on Nov. 5. This is a dated flow datapoint, not evidence by itself of a lasting change in sentiment. Article: ETFs Are Net Sellers of JPMorgan Chase (JPM) on Nov. 5

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.

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