NFJ Investment Group LLC Has $55 Million Stock Holdings in JPMorgan Chase & Co. $JPM

Key Points

• NFJ Investment Group increased its JPMorgan stake by 57.6% in the second quarter, adding 61,442 shares for a total of 168,025 shares valued at approximately $55 million. Institutional investors own 71.55% of JPMorgan’s stock.
• JPMorgan reported stronger-than-expected quarterly results, with earnings of $6.14 per share and revenue of $58.02 billion, up 27.7% year over year. The company also raised its quarterly dividend 10% to $1.65 per share, implying a 1.9% yield.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $359.96. However, company insiders sold 10,467 shares worth $3.59 million over the past 90 days.

NFJ Investment Group LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 57.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 168,025 shares of the financial services provider's stock after buying an additional 61,442 shares during the quarter. JPMorgan Chase & Co. comprises 1.9% of NFJ Investment Group LLC's investment portfolio, making the stock its 12th largest holding. NFJ Investment Group LLC's holdings in JPMorgan Chase & Co. were worth $55,000,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in JPM. KilterHowling LLC boosted its stake in JPMorgan Chase & Co. by 2.8% in the 2nd quarter. KilterHowling LLC now owns 6,371 shares of the financial services provider's stock valued at $2,085,000 after buying an additional 176 shares in the last quarter. Fischer Financial Services Inc. raised its holdings in shares of JPMorgan Chase & Co. by 3.6% in the second quarter. Fischer Financial Services Inc. now owns 19,534 shares of the financial services provider's stock valued at $6,394,000 after buying an additional 683 shares during the last quarter. Ninepoint Partners LP acquired a new position in JPMorgan Chase & Co. during the 2nd quarter worth about $936,000. SGL Investment Advisors Inc. lifted its position in JPMorgan Chase & Co. by 2.2% during the 2nd quarter. SGL Investment Advisors Inc. now owns 21,529 shares of the financial services provider's stock worth $7,746,000 after buying an additional 457 shares in the last quarter. Finally, Advisors Capital Management LLC grew its holdings in JPMorgan Chase & Co. by 1.4% during the 2nd quarter. Advisors Capital Management LLC now owns 444,797 shares of the financial services provider's stock worth $145,596,000 after acquiring an additional 6,311 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Insider Buying and Selling 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 dated Thursday, September 10th. The stock was sold at an average price of $352.81, for a total transaction of $882,025.00. Following the transaction, the insider directly owned 71,047 shares in the company, valued at approximately $25,066,092.07. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of the company's stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the completion of the transaction, the general counsel owned 40,961 shares of the company's stock, valued at $13,547,031.53. This trade represents a 11.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 10,467 shares of company stock worth $3,593,651 in the last ninety days. 0.41% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on JPM shares. Evercore reaffirmed an "outperform" rating and issued a $360.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. Robert W. Baird raised their price target on shares of JPMorgan Chase & Co. from $295.00 to $305.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. Bank of America boosted their price objective on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a "buy" rating in a research report on Thursday, July 16th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $418.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. Finally, Jefferies Financial Group set a $350.00 price objective on JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Sixteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $359.96.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $349.10 on Thursday. The firm has a fifty day moving average of $353.19 and a two-hundred day moving average of $323.32. The stock has a market capitalization of $927.96 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 1.45 and a beta of 0.98. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $366.50. 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 announced its quarterly earnings data 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. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The business had revenue of $58.02 billion during the quarter, compared to analysts' expectations of $50.72 billion. During the same period in the previous year, the firm earned $4.96 earnings per share. The firm's quarterly revenue was up 27.7% compared to the same quarter last year. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 24.3 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be issued a $1.65 dividend. This represents a $6.60 annualized dividend and a yield of 1.9%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. The ex-dividend date is Tuesday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 25.71%.

Trending Headlines about JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan raised its quarterly common-stock dividend by 10%, from $1.50 to $1.65 per share. The higher payout reinforces the bank’s strong capital position and increases shareholder returns, although the stock’s 1.9% indicated yield remains modest. JPMorgan’s New Dividend Signals More Cash for Investors
• Positive Sentiment: Management continues to forecast strong third-quarter investment-banking fees and trading revenue, while JPMorgan’s commercial and investment banking chief said he sees no major systemic warning signs in the U.S. economy. The outlook supports expectations for continued earnings momentum. JPMorgan Expects Investment Banking and Trading to Shine
• Positive Sentiment: Chase launched “Invest Your Points,” allowing eligible Ultimate Rewards customers to direct credit-card points into qualifying J.P. Morgan Self-Directed Investing or advised accounts. The feature could deepen customer relationships and funnel assets into JPMorgan’s wealth-management business. Chase Expands Ultimate Rewards With Invest Your Points
• Neutral Sentiment: Goldman Sachs reduced its JPMorgan price target to $436 from $452 but maintained a Buy rating. The lower target may temper near-term enthusiasm, while the rating still implies substantial longer-term upside. Goldman Sachs Adjusts JPMorgan Price Target
• Negative Sentiment: Zacks Research downgraded JPMorgan from Strong Buy to Hold, adding short-term pressure after the stock’s strong run and raising concerns that earnings growth may be slowing. JPMorgan Versus Wells Fargo
• Negative Sentiment: JPMorgan’s Federal Reserve scenario analysis projects a potential 2% S&P 500 decline if policymakers signal that rates must move materially higher. Because banks are sensitive to economic growth, credit quality and market activity, uncertainty over Chair Kevin Warsh’s guidance is likely weighing on financial stocks. JPMorgan Fed Scenario Analysis

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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