Maloon Powers Pitre Higgins & Dennehy LLC Buys 5,870 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Maloon Powers Pitre Higgins & Dennehy LLC purchased 5,870 JPMorgan shares valued at approximately $1.92 million. Institutional investors collectively own 71.55% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $363.29; recent targets range as high as $420.
• JPMorgan reported quarterly earnings and revenue above expectations and raised its quarterly dividend from $1.50 to $1.65 per share, equivalent to a 2.0% annual yield. Insider Robin Leopold separately sold 2,500 shares under a Rule 10b5-1 plan.

Maloon Powers Pitre Higgins & Dennehy LLC purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,870 shares of the financial services provider's stock, valued at approximately $1,922,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Markowski Investments bought a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $7,370,000. Old Mission Investment Co LLC acquired a new position in JPMorgan Chase & Co. in the 2nd quarter worth $4,821,000. Montgomery Financial Services LLC bought a new position in JPMorgan Chase & Co. during the 2nd quarter worth about $62,000. OceanIQ Capital LLC bought a new position in JPMorgan Chase & Co. during the 2nd quarter worth about $338,000. Finally, Highland Investment Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $344,000. 71.55% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Robin Leopold sold 2,500 shares of the company's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $352.81, for a total value of $882,025.00. Following the sale, the insider directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on JPM shares. HSBC boosted their price target on JPMorgan Chase & Co. from $369.00 to $377.00 and gave the company a "hold" rating in a report on Monday. Jefferies Financial Group reiterated a "neutral" rating on shares of JPMorgan Chase & Co. in a report on Friday. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $375.00 to $390.00 and gave the stock an "overweight" rating in a research report on Friday, August 14th. 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 report on Thursday, July 16th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $418.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 14th. Sixteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and an average target price of $363.29.

JPMorgan Chase & Co. News Roundup

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

• Positive Sentiment: HSBC raised its JPMorgan price target to $377 from $369 while maintaining a Hold rating, implying potential upside from the current level. HSBC Adjusts Price Target on JPMorgan Chase
• Positive Sentiment: JPMorgan Asset Management is planning a $20 billion partnership with Qatar Investment Authority, including management of approximately $15 billion by JPMorgan. The agreement could strengthen the bank’s global asset-management franchise and generate longer-term fee revenue. JPMorgan’s QIA Partnership
• Positive Sentiment: JPMorgan strategists said the technology sell-off has run its course in many areas and identified several large technology stocks as attractively valued. This could support investment-banking, markets, and asset-management activity if technology sentiment improves. JPMorgan Technology Strategy
• Neutral Sentiment: JPMorgan is reportedly considering a roughly $3.8 billion construction loan for an Extell condominium tower. The potential transaction would be sizable, but it also exposes the bank to commercial real-estate and project-specific credit risk. JPMorgan Extell Construction Loan
• Negative Sentiment: JPMorgan’s shares underperformed the broader market during the latest session, reflecting investor caution despite the higher HSBC target. Commentary also highlighted risks that agentic artificial intelligence could weaken banks’ control over valuable customer traffic and financial-service distribution. Why JPMorgan Dipped More Than the Broader Market

JPMorgan Chase & Co. Stock Down 1.8%

NYSE:JPM opened at $336.92 on Tuesday. JPMorgan Chase & Co. has a twelve month low of $279.10 and a twelve month high of $366.50. The firm has a market capitalization of $895.59 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. The stock's 50 day moving average price is $353.72 and its two-hundred day moving average price is $326.05.

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 the consensus estimate 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 for the quarter was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.96 EPS. Equities research analysts expect that JPMorgan Chase & Co. will post 24.3 earnings per share for the current fiscal 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 paid a dividend of $1.65 per share. The ex-dividend date is Tuesday, October 6th. This represents a $6.60 annualized dividend 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 (DPR) is presently 25.71%.

JPMorgan Chase & Co. 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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