Nissay Asset Management Corp Japan Grows Stake in JPMorgan Chase & Co. $JPM

Key Points

• Nissay Asset Management Japan increased its JPMorgan stake by 28.6% in the second quarter, adding 112,954 shares for a total of 507,520 shares valued at approximately $166.1 million.
• Institutional investors own 71.55% of JPMorgan’s stock, while shares recently traded at $337.36. The bank reported quarterly EPS of $6.14, above the $5.59 analyst estimate, with revenue rising 27.7% year over year to $58.02 billion.
• JPMorgan raised its quarterly dividend from $1.50 to $1.65 per share, equating to a $6.60 annualized payout and a 2.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $359.96.

Nissay Asset Management Corp Japan lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 28.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 507,520 shares of the financial services provider's stock after purchasing an additional 112,954 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.7% of Nissay Asset Management Corp Japan's portfolio, making the stock its 28th largest holding. Nissay Asset Management Corp Japan's holdings in JPMorgan Chase & Co. were worth $166,127,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in JPM. Fidelis Capital Partners LLC raised its stake in JPMorgan Chase & Co. by 7.9% in the fourth quarter. Fidelis Capital Partners LLC now owns 70,077 shares of the financial services provider's stock valued at $22,580,000 after purchasing an additional 5,101 shares in the last quarter. E Fund Management Co. Ltd. increased its holdings in shares of JPMorgan Chase & Co. by 7.1% in the 2nd 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 during the last quarter. Edmond DE Rothschild Holding S.A. increased its holdings in shares of JPMorgan Chase & Co. by 4.6% in 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 buying an additional 15,017 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services raised its position in shares of JPMorgan Chase & Co. by 18.7% during the 1st 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 buying an additional 6,492 shares in the last quarter. Finally, FAS Wealth Partners Inc. raised its position in shares of JPMorgan Chase & Co. by 4.3% during the 1st quarter. FAS Wealth Partners Inc. now owns 43,527 shares of the financial services provider's stock valued at $12,804,000 after buying an additional 1,794 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Down 0.8%

Shares of NYSE JPM opened at $337.36 on Thursday. The firm's fifty day moving average is $353.83 and its 200 day moving average is $325.00. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $366.50. 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 company has a market cap of $896.76 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 1.40 and a beta of 0.98.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.59 by $0.55. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The business had revenue of $58.02 billion for the quarter, compared to analyst estimates of $50.72 billion. During the same quarter last year, the firm earned $4.96 EPS. The company's revenue was up 27.7% on a year-over-year basis. On average, equities research analysts expect that JPMorgan Chase & Co. will post 24.3 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed 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 is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. The ex-dividend date is Tuesday, October 6th. This represents a $6.60 annualized dividend and a yield of 2.0%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 25.71%.

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: Asset-management growth opportunity: JPMorgan Asset Management agreed to manage part of a $20 billion multi-market investment partnership with Qatar Investment Authority, spanning public equities and private credit. The mandate could support long-term fee revenue and strengthen JPMorgan’s global asset-management franchise. JPMorgan Chase Lands $20 Billion Mandate
• Positive Sentiment: Payments expansion: JPMorgan Payments is working with Thunes to accelerate cross-border payouts to bank accounts and mobile wallets across more than 100 corridors. Broader real-time payments connectivity could help the bank capture additional transaction and payments revenue. JPMorgan Payments Expands Cross-Border Payments
• Positive Sentiment: India expansion: JPMorgan plans to double its GIFT City business and expand liquidity and payments capabilities, positioning the bank for growth as India’s role in global trade and finance increases. JPMorgan India Expansion Plan
• Positive Sentiment: Capital returns: JPMorgan recently raised its quarterly dividend to $1.65 per share from $1.50, reinforcing its shareholder-return appeal and confidence in capital generation. JPMorgan Raises Its Dividend
• Neutral Sentiment: Private-credit strategy: JPMorgan is reportedly considering allowing private-credit firms to approve some credit-card applicants it rejects. The move could create fee or funding opportunities, but it also raises questions about credit risk, customer relationships and regulatory oversight. JPMorgan Weighs Opening Card Business to Private Credit
• Negative Sentiment: Broad bank-sector selloff: JPM shares declined amid a rotation into technology stocks and renewed concerns that AI could disrupt traditional financial services. Rising August card delinquencies and charge-offs, although still below year-ago levels, added to concerns about consumer-credit quality. JPMorgan Stock Slips as Traders Shift to Tech
• Negative Sentiment: Regulatory and geopolitical overhang: Reports involving Russia-linked payments and scrutiny of Treasury Secretary Scott Bessent’s incorrectly reported JPMorgan holdings may add to compliance and reputational concerns, even though the ethics review found no knowing violation by Bessent. Bessent JPMorgan Holdings Review

Analysts Set New Price Targets

Several brokerages recently issued reports on JPM. The Goldman Sachs Group reiterated a "buy" rating and issued a $418.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and set a $375.00 price objective on the stock in a report on Wednesday, July 22nd. Zacks Research lowered JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 14th. Barclays lifted their price target on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. Finally, Truist Financial upped their price objective on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a "hold" rating in a research note on Wednesday, July 15th. Sixteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and a consensus target price of $359.96.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of the business's 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 transaction, the insider 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.41% of the company's stock.

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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