Overbrook Management Corp Sells 3,039 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Overbrook Management reduced its JPMorgan stake by 17.2% in the third quarter, selling 3,039 shares and retaining 14,590 shares valued at approximately $4.83 million.
• JPMorgan reported quarterly EPS of $6.14 and revenue of $58.02 billion, exceeding analyst estimates; institutional investors collectively own 71.55% of the company.
• The bank increased its quarterly dividend from $1.50 to $1.65 per share, or $6.60 annualized, while analysts maintain a “Moderate Buy” consensus with an average price target of $362.88.

Overbrook Management Corp cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 17.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,590 shares of the financial services provider's stock after selling 3,039 shares during the quarter. JPMorgan Chase & Co. comprises 0.8% of Overbrook Management Corp's portfolio, making the stock its 28th largest position. Overbrook Management Corp's holdings in JPMorgan Chase & Co. were worth $4,827,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Concorde Asset Management LLC increased its holdings in JPMorgan Chase & Co. by 1.1% in the second quarter. Concorde Asset Management LLC now owns 2,660 shares of the financial services provider's stock valued at $871,000 after purchasing an additional 29 shares during the last quarter. Elevation Wealth Management LLC grew its position in shares of JPMorgan Chase & Co. by 1.0% during the 2nd quarter. Elevation Wealth Management LLC now owns 3,074 shares of the financial services provider's stock worth $1,006,000 after buying an additional 29 shares during the period. Henrickson Nauta Wealth Advisors Inc. grew its position in shares of JPMorgan Chase & Co. by 0.8% during the 2nd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,531 shares of the financial services provider's stock worth $1,156,000 after buying an additional 29 shares during the period. Arkansas Financial Group Inc. increased its stake in shares of JPMorgan Chase & Co. by 1.1% in the 2nd quarter. Arkansas Financial Group Inc. now owns 2,667 shares of the financial services provider's stock valued at $873,000 after acquiring an additional 30 shares during the last quarter. Finally, Flynn Zito Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 1.1% in the 2nd quarter. Flynn Zito Capital Management LLC now owns 2,830 shares of the financial services provider's stock valued at $926,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the business's stock in a transaction dated Thursday, September 10th. The stock was 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 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 document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $331.67 on Friday. The firm has a market cap of $881.63 billion, a P/E ratio of 14.21, a PEG ratio of 1.36 and a beta of 1.02. JPMorgan Chase & Co. has a twelve month low of $279.10 and a twelve month 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. The firm's 50 day moving average price is $350.75 and its two-hundred day moving average price is $328.64.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping 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 net margin of 21.86% and a return on equity of 18.23%. The firm's revenue was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.96 earnings per share. On average, analysts forecast that JPMorgan Chase & Co. will post 24.16 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be paid a $1.65 dividend. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $6.60 annualized dividend and a dividend yield of 2.0%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 28.28%.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan’s 10% dividend increase highlights strong earnings power and capital-generation capacity. The increase appears comfortably supported by the bank’s payout ratio, which may reinforce income-focused investor interest. JPMorgan dividend article
• Positive Sentiment: TD Cowen initiated coverage with a Hold rating and a $370 price target, implying meaningful potential upside from the reference price. While not an outright bullish recommendation, the target provides a constructive valuation signal.
• Positive Sentiment: Chase is expanding its business-banking platform with payroll services, creating an additional source of client engagement, fee revenue and cross-selling opportunities. Chase payroll article
• Neutral Sentiment: Analysts expect solid third-quarter revenue and continued banking momentum, but investors will also be watching expenses, credit provisions, loan growth and net interest income. Strong results could support the shares, while any deterioration could pressure the premium valuation. JPMorgan Q3 earnings preview
• Neutral Sentiment: JPMorgan appointed Eleni Skoura to lead its Chase business in Germany. The leadership change may support European growth, but it is unlikely to materially affect near-term earnings. JPMorgan Germany leadership article
• Negative Sentiment: JPMorgan strategists warn that rapidly rising long-term Treasury yields, approaching 6% for the 30-year bond, can weigh on markets and increase pressure on bank valuations, credit conditions and trading activity.
• Negative Sentiment: Investors remain concerned about elevated operating costs, potential credit deterioration and JPM’s relatively premium valuation ahead of earnings. The bank’s warnings that housing affordability is near financial-crisis lows also point to a weak or “frozen” housing market, a risk for consumer and mortgage-related activity.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Bank of America lifted 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 note on Thursday, July 16th. Barclays reiterated an "overweight" rating on shares of JPMorgan Chase & Co. in a report on Tuesday. TD Cowen began coverage on shares of JPMorgan Chase & Co. in a research report on Thursday. They set a "hold" rating and a $370.00 price target on the stock. HSBC boosted their price target on shares of JPMorgan Chase & Co. from $369.00 to $377.00 and gave the company a "hold" rating in a report on Monday, September 28th. Finally, Evercore reaffirmed an "outperform" rating and set a $360.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. Fifteen analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and an average target price of $362.88.

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, 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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