JPMorgan Chase & Co. $JPM Stock: Summit Wealth Group LLC Co. Boosts Stake

Key Points

• Summit Wealth Group increased its JPMorgan stake by 228.9% in the third quarter, adding 13,147 shares to hold 18,890 shares valued at about $6.25 million. Institutional investors collectively own 71.55% of the company.
• JPMorgan’s latest quarterly results missed analyst expectations: earnings were $5.75 per share versus $5.94 forecast, and revenue was $50.17 billion versus $51.23 billion expected. Revenue still rose 8.1% year over year.
• The bank raised its quarterly dividend from $1.50 to $1.65 per share, equivalent to $6.60 annually and a 2.0% yield. Shares were reported down 0.8% in Friday trading.

Summit Wealth Group LLC Co. grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 228.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,890 shares of the financial services provider's stock after purchasing an additional 13,147 shares during the quarter. Summit Wealth Group LLC Co.'s holdings in JPMorgan Chase & Co. were worth $6,249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp grew its stake in shares of JPMorgan Chase & Co. by 0.8% in the second quarter. State Street Corp now owns 125,209,293 shares of the financial services provider's stock valued at $40,984,758,000 after buying an additional 932,632 shares in the last quarter. Bank of America Corp DE raised its position in JPMorgan Chase & Co. by 6.1% during the second quarter. Bank of America Corp DE now owns 69,666,753 shares of the financial services provider's stock worth $22,804,018,000 after acquiring an additional 4,006,293 shares in the last quarter. Bank of New York Mellon Corp raised its position in JPMorgan Chase & Co. by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 21,642,804 shares of the financial services provider's stock worth $7,084,339,000 after acquiring an additional 540,362 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in JPMorgan Chase & Co. by 0.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,833,413 shares of the financial services provider's stock valued at $6,164,741,000 after acquiring an additional 134,634 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in JPMorgan Chase & Co. by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 18,968,884 shares of the financial services provider's stock valued at $5,578,788,000 after acquiring an additional 607,288 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. News Roundup

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

JPMorgan Chase & Co. Trading Down 0.8%

Shares of JPMorgan Chase & Co. stock opened at $334.67 on Friday. The business has a fifty day simple moving average of $341.87 and a two-hundred day simple moving average of $323.78. JPMorgan Chase & Co. has a 1 year low of $279.10 and a 1 year high of $366.50. The company has a market capitalization of $888.75 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 1.32 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. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Tuesday, October 13th. The financial services provider reported $5.75 EPS for the quarter, missing analysts' consensus estimates of $5.94 by ($0.19). JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The company had revenue of $50.17 billion for the quarter, compared to the consensus estimate of $51.23 billion. During the same period last year, the firm earned $5.07 earnings per share. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. Research analysts forecast that JPMorgan Chase & Co. will post 23.95 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Royal Bank Of Canada reissued an "outperform" rating and issued a $370.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. Citigroup dropped their target price on shares of JPMorgan Chase & Co. from $360.00 to $350.00 and set a "neutral" rating on the stock in a report on Thursday, October 15th. Barclays raised their target price on shares of JPMorgan Chase & Co. from $420.00 to $425.00 and gave the company an "overweight" rating in a research note on Wednesday, October 14th. HSBC lifted their price target on JPMorgan Chase & Co. from $369.00 to $377.00 and gave the stock a "hold" rating in a report on Monday, September 28th. Finally, UBS Group boosted their price target on JPMorgan Chase & Co. from $395.00 to $400.00 and gave the stock a "buy" rating in a research report on Monday, November 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $368.33.

Insider Activity

In related news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction dated 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 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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. Company 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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