Osmosis Investment Management UK Ltd Sells 86,895 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Osmosis Investment Management UK Ltd. cut its JPMorgan stake by 49.6%, selling 86,895 shares in the second quarter and retaining 88,370 shares valued at approximately $28.9 million. Institutional investors collectively own 71.55% of the stock.
• JPMorgan reported strong quarterly results, with EPS of $6.14 and revenue of $58.02 billion, exceeding analyst expectations; revenue increased 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 from $1.50 to $1.65 per share, while management expects continued strength in investment banking and markets revenue. Inflation, elevated oil prices and potential credit risks remain key headwinds.

Osmosis Investment Management UK Ltd lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 49.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,370 shares of the financial services provider's stock after selling 86,895 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.3% of Osmosis Investment Management UK Ltd's investment portfolio, making the stock its 12th biggest holding. Osmosis Investment Management UK Ltd's holdings in JPMorgan Chase & Co. were worth $28,926,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in JPM. Sanctuary Advisors LLC raised its position in JPMorgan Chase & Co. by 2.7% in the 2nd quarter. Sanctuary Advisors LLC now owns 737,445 shares of the financial services provider's stock valued at $241,388,000 after buying an additional 19,252 shares during the last quarter. Saranac Partners Ltd bought a new stake in shares of JPMorgan Chase & Co. in the second quarter worth $711,000. Jericho Financial LLP increased its stake in JPMorgan Chase & Co. by 15.0% in the 2nd quarter. Jericho Financial LLP now owns 29,658 shares of the financial services provider's stock valued at $9,708,000 after buying an additional 3,863 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in JPMorgan Chase & Co. by 44.8% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 702,078 shares of the financial services provider's stock worth $229,811,000 after acquiring an additional 217,342 shares in the last quarter. Finally, Arete Wealth Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 10.1% during the 2nd quarter. Arete Wealth Advisors LLC now owns 34,011 shares of the financial services provider's stock worth $11,133,000 after purchasing an additional 3,129 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

Key Stories Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: Strong third-quarter revenue outlook: JPMorgan expects investment-banking fees and Markets revenue to increase in the mid-to-high teens year over year. A robust deal pipeline and trading activity suggest continued strength in fee income and support expectations for another strong quarter. JPMorgan Sees Investment Banking and Trading Powering Q3 Growth
• Positive Sentiment: Higher rates may support lending revenue: Following the Federal Reserve’s rate increase, JPMorgan and other major banks raised prime lending rates to 7%. This could improve asset yields and net interest income, although deposit costs and borrower demand remain important offsets. U.S. Banks Raise Prime Interest Rates Following Fed Hike
• Positive Sentiment: Shareholder-return and franchise catalysts: Analysts highlighted JPMorgan’s planned quarterly dividend increase to $1.65, while new mandates—including financing Drax’s solar acquisition and Canada airport concessions—could add to advisory and underwriting revenue. JPMorgan Dividend and Long-Term Outlook
• Neutral Sentiment: Continued strategic visibility: JPMorgan will report third-quarter results on October 13. The bank is also hosting its India conference and pursuing a large, multiyear U.S. housing initiative, developments that reinforce its global reach but are unlikely to materially affect near-term earnings. JPMorgan Third-Quarter Earnings Call Announcement
• Negative Sentiment: Inflation and oil risks remain overhangs: CEO Jamie Dimon said inflation has not clearly been defeated. Separately, JPMorgan’s commodities team abandoned a firm oil-price forecast as the prolonged Iran conflict pushed Brent above $100 per barrel. Persistent inflation could delay rate cuts, raise credit risks and increase market volatility. Jamie Dimon on Inflation

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on JPM shares. Citigroup boosted their price target on JPMorgan Chase & Co. from $325.00 to $360.00 and gave the stock a "neutral" rating in a research report on Monday, July 20th. Zacks Research cut JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. Morgan Stanley restated a "positive" rating and issued a $370.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 15th. 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. Finally, Truist Financial increased their price objective on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the stock a "hold" rating in a research report on Wednesday, July 15th. Sixteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $359.96.

JPMorgan Chase & Co. Trading Down 0.1%

NYSE JPM opened at $348.92 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. The business has a 50 day moving average price of $353.73 and a 200-day moving average price of $323.85. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $366.50. The company has a market cap of $927.49 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 1.44 and a beta of 0.98.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $58.02 billion during the quarter, compared to analyst estimates of $50.72 billion. During the same period in the prior year, the company posted $4.96 earnings per share. JPMorgan Chase & Co.'s quarterly revenue was up 27.7% on a year-over-year basis. As a group, equities analysts expect that JPMorgan Chase & Co. will post 24.3 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Tuesday, October 6th will be given a $1.65 dividend. This represents a $6.60 annualized dividend and a dividend yield of 1.9%. This is a positive change 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 currently 25.71%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the company's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total value of $882,025.00. Following the completion of the sale, the insider 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 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 dated 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 sale, the general counsel owned 40,961 shares of the company's stock, 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. Insiders sold 10,467 shares of company stock valued at $3,593,651 over the last quarter. 0.41% of the stock is owned by company insiders.

JPMorgan Chase & Co. Company 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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