Northwestern Mutual Wealth Management Co. Increases Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Northwestern Mutual Wealth Management increased its JPMorgan stake by 2.9% in the second quarter, bringing its holdings to 1.17 million shares valued at approximately $383.1 million. Institutional investors and hedge funds own 71.55% of the stock.
• JPMorgan reported strong quarterly results, with EPS of $6.14 and revenue of $58.02 billion, both ahead of analyst expectations; revenue rose 27.7% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $359.96.
• The bank raised its quarterly dividend 10% to $1.65 per share, or $6.60 annualized, representing an approximate 1.9% yield. Positive catalysts include expected mid-to-high-teen growth in third-quarter investment-banking fees and Markets revenue, while inflation and interest-rate uncertainty remain risks.

Northwestern Mutual Wealth Management Co. boosted its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,170,524 shares of the financial services provider's stock after purchasing an additional 33,071 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in JPMorgan Chase & Co. were worth $383,148,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in JPMorgan Chase & Co. by 15.8% in the first quarter. Bank of America Corp DE now owns 65,660,460 shares of the financial services provider's stock valued at $19,314,681,000 after acquiring an additional 8,941,351 shares during the last quarter. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $11,396,496,000. Bank of New York Mellon Corp grew its holdings in shares of JPMorgan Chase & Co. by 2.6% during the 2nd 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 purchasing an additional 540,362 shares during the period. Legal & General Group Plc grew its holdings in shares of JPMorgan Chase & Co. by 0.6% during the 4th quarter. Legal & General Group Plc now owns 19,019,564 shares of the financial services provider's stock worth $6,128,484,000 after purchasing an additional 110,586 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in JPMorgan Chase & Co. by 3.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 18,968,884 shares of the financial services provider's stock worth $5,578,788,000 after purchasing an additional 607,288 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the stock a "neutral" rating in a research note on Monday, July 20th. Royal Bank Of Canada raised their target price on shares of JPMorgan Chase & Co. from $330.00 to $370.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. Zacks Research lowered shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a report on Monday. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 15th. Finally, Barclays increased their price target on JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an "overweight" rating in a report on Wednesday, July 15th. Sixteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $359.96.

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan expects third-quarter investment-banking fees and Markets revenue to grow in the mid-to-high teens, reinforcing expectations for continued fee growth after a strong trading quarter. Can JPM’s Strong Q3 Capital Markets Outlook Help Sustain Fee Growth?
• Positive Sentiment: The bank’s quarterly dividend is increasing 10% to $1.65 per share from $1.50, signaling confidence in capital generation and improving shareholder returns. The dividend has an approximately 1.9% annualized yield. JPM Stock Rises as JPMorgan’s New Dividend Signals More Cash for Investors
• Positive Sentiment: The Federal Reserve’s rate increase and resulting rise in banks’ prime lending rates could support JPMorgan’s net interest income, although deposit-cost pressure remains a consideration. U.S. Banks Raise Prime Interest Rates Following Fed Hike
• Neutral Sentiment: JPMorgan will release third-quarter results before the market opens on October 13 and hold an earnings call afterward, giving investors a near-term catalyst to assess trading, lending and fee performance. JPMorganChase to Host Third-Quarter 2026 Earnings Call
• Neutral Sentiment: Filings show JPMorgan and affiliates falling below substantial-holder thresholds in Genesis Minerals and withdrawing as a substantial holder in West African Resources. These appear to be portfolio-position disclosures rather than changes to JPMorgan’s core operations. JPMorgan Group Drops Below Substantial Holder Threshold in Genesis Minerals
• Negative Sentiment: CEO Jamie Dimon said high inflation has not been fully defeated, keeping alive concerns about interest-rate volatility, credit conditions and potential pressure on economic growth. JPMorgan CEO Jamie Dimon Says High Inflation Hasn’t Been Slayed
• Negative Sentiment: Zacks Research downgraded JPMorgan from “strong buy” to “hold,” which may temper bullish sentiment despite the bank’s earnings momentum and dividend increase.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the firm's 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 completion of the sale, the insider directly owned 71,047 shares in the company, valued at $25,066,092.07. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 value of $1,808,100.91. Following the completion of the transaction, the general counsel directly owned 40,961 shares in the company, valued at approximately $13,547,031.53. The trade was 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 three months, insiders sold 10,467 shares of company stock valued at $3,593,651. 0.41% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Stock Up 0.1%

Shares of NYSE:JPM opened at $349.42 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 52-week low of $279.10 and a 52-week high of $366.50. The company has a 50 day moving average of $353.47 and a two-hundred day moving average of $323.67. The company has a market capitalization of $928.82 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.44 and a beta of 0.98.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating 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 company 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 posted $4.96 earnings per share. The business's quarterly revenue was up 27.7% on a year-over-year basis. As a group, analysts forecast 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. Shareholders of record on Tuesday, October 6th will be issued a $1.65 dividend. The ex-dividend date is Tuesday, October 6th. This represents a $6.60 dividend on an annualized basis and a yield of 1.9%. This is an increase 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, 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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