Madison Asset Management LLC Buys 5,181 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Madison Asset Management increased its JPMorgan Chase stake by 3.6% in the second quarter, purchasing 5,181 additional shares and bringing its holdings to 147,323 shares valued at approximately $48.2 million. Institutional investors collectively own 71.55% of the company.
• Analysts maintain a generally positive outlook, with JPMorgan carrying a “Moderate Buy” consensus rating and an average price target of $359.96. The bank recently exceeded quarterly earnings and revenue estimates, reporting $6.14 in EPS and $58.02 billion in revenue.
• JPMorgan raised its quarterly dividend from $1.50 to $1.65 per share, implying an annualized dividend of $6.60 and a 1.9% yield. However, insiders have sold 10,467 shares worth about $3.6 million over the past 90 days.

Madison Asset Management LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,323 shares of the financial services provider's stock after buying an additional 5,181 shares during the period. Madison Asset Management LLC's holdings in JPMorgan Chase & Co. were worth $48,223,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Csenge Advisory Group increased its position in JPMorgan Chase & Co. by 8.8% during the second quarter. Csenge Advisory Group now owns 44,541 shares of the financial services provider's stock valued at $14,580,000 after acquiring an additional 3,616 shares during the last quarter. Bradley & Co. Private Wealth Management LLC boosted its position in JPMorgan Chase & Co. by 0.3% in the 2nd quarter. Bradley & Co. Private Wealth Management LLC now owns 39,329 shares of the financial services provider's stock valued at $12,874,000 after buying an additional 118 shares during the period. Kelman Lazarov Inc. boosted its position in JPMorgan Chase & Co. by 3.4% in the 2nd quarter. Kelman Lazarov Inc. now owns 1,479 shares of the financial services provider's stock valued at $484,000 after buying an additional 48 shares during the period. Consilio Wealth Advisors LLC increased its holdings in JPMorgan Chase & Co. by 1.4% during the 2nd quarter. Consilio Wealth Advisors LLC now owns 3,994 shares of the financial services provider's stock worth $1,307,000 after purchasing an additional 55 shares during the period. Finally, Mmbg Investment Advisors CO. raised its holdings in shares of JPMorgan Chase & Co. by 4.8% in the second quarter. Mmbg Investment Advisors CO. now owns 150,943 shares of the financial services provider's stock valued at $49,408,000 after acquiring an additional 6,922 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of the 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of the firm's stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $330.73, for a total value of $1,808,100.91. Following the transaction, the general counsel owned 40,961 shares of the company's stock, valued at approximately $13,547,031.53. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 10,467 shares of company stock worth $3,593,651. Company insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

JPM has been the topic of several recent research reports. Weiss Ratings raised JPMorgan Chase & Co. from a "buy (b)" rating to a "buy (b+)" rating in a research report on Wednesday, September 2nd. Morgan Stanley reissued a "positive" rating and issued a $370.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 15th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $418.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. Robert W. Baird boosted their price target on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. Finally, Bank of America increased their target price on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a "buy" rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and an average target price of $359.96.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $354.10 on Wednesday. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $366.50. The firm has a market capitalization of $941.27 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 1.44 and a beta of 0.98. The stock's fifty day moving average is $352.81 and its two-hundred day moving average is $323.02. 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. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, topping analysts' consensus estimates of $5.59 by $0.55. The company had revenue of $58.02 billion for the quarter, compared to the consensus estimate of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. JPMorgan Chase & Co.'s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.96 earnings per share. On average, research analysts anticipate that JPMorgan Chase & Co. will post 24.3 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be given a $1.65 dividend. The ex-dividend date of this dividend is Tuesday, October 6th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a yield of 1.9%. JPMorgan Chase & Co.'s dividend 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 said third-quarter investment-banking fees and trading revenue are expected to show strong growth. Co-President Doug Petno also indicated that overall revenue is tracking ahead of expectations, helping reverse earlier weakness in the shares. JPMorgan expects investment banking, trading to shine in third quarter
• Positive Sentiment: The revenue outlook suggests continued momentum in JPMorgan’s capital-markets operations, including stronger deal activity and market-trading fees. The update provides a near-term catalyst following the bank’s recent earnings beat and robust year-over-year revenue growth. JPMorgan Chase stock rises after upbeat revenue outlook
• Neutral Sentiment: JPMorgan declared its regular quarterly dividend on common stock and dividends on Series CC preferred stock. The announcements reinforce shareholder distributions but appear routine rather than a new change in capital-return policy. JPMorganChase Declares Common Stock Dividend JPMorganChase Declares Preferred Stock Dividends
• Negative Sentiment: Investors continue to monitor signs that earnings growth may be slowing despite the benefit of higher interest rates. Jamie Dimon’s ongoing warnings about economic and structural pressures, along with elevated oil prices and potential effects on borrowers, remain longer-term risks for the bank. JPM Benefits from Higher Rates, but Earnings Growth Is Slowing

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, lending, payments, investment banking, asset management and wealth management services to consumers, businesses, institutional clients and governments.

The company operates through four primary business areas: Consumer & Community Banking; Commercial & Investment Banking; Asset & Wealth Management; and Corporate. Its offerings include deposit accounts, credit cards, mortgages, auto loans, business banking, commercial lending, treasury services, investment banking, securities trading, investment management and private banking.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across numerous international markets.

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