Rakuten Investment Management Inc. Acquires 36,975 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Rakuten Investment Management increased its JPMorgan Chase stake by 9.2% in the second quarter, adding 36,975 shares for a total of 438,419 shares valued at approximately $144.4 million.
• JPMorgan reported quarterly earnings of $6.14 per share, beating the $5.59 consensus estimate, while revenue rose 27.7% year over year to $58.02 billion.
• The bank raised its quarterly dividend from $1.50 to $1.65 per share; analysts maintained a “Moderate Buy” consensus rating with an average price target of $359.96.

Rakuten Investment Management Inc. grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 438,419 shares of the financial services provider's stock after purchasing an additional 36,975 shares during the period. JPMorgan Chase & Co. comprises 0.4% of Rakuten Investment Management Inc.'s holdings, making the stock its 16th largest holding. Rakuten Investment Management Inc.'s holdings in JPMorgan Chase & Co. were worth $144,411,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. MBM Wealth Consultants LLC acquired a new stake in JPMorgan Chase & Co. during the first quarter worth approximately $29,000. Aventus Investment Advisors Inc. acquired a new position in JPMorgan Chase & Co. in the 2nd quarter valued at $33,000. Osbon Capital Management LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $35,000. Lifetime Wealth Management P.C. bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $65,000. Finally, Phillip James Consulting Co. bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $64,000. 71.55% of the stock is owned by institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the firm's stock in a transaction that occurred 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 sale, the insider directly owned 71,047 shares in the company, valued at approximately $25,066,092.07. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $337.36 on Thursday. 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. has a 52 week low of $279.10 and a 52 week high of $366.50. The stock has a market capitalization of $896.76 billion, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 1.40 and a beta of 0.98. The stock has a fifty day moving average of $353.83 and a 200-day moving average of $325.00.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share 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 business had revenue of $58.02 billion for the quarter, compared to analyst estimates of $50.72 billion. During the same period last year, the firm posted $4.96 earnings per share. JPMorgan Chase & Co.'s revenue was up 27.7% compared to the same quarter last year. On average, sell-side 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 announced a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be issued a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. The ex-dividend date of this dividend is Tuesday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 25.71%.

Analyst Ratings Changes

JPM has been the topic of a number of recent analyst reports. The Goldman Sachs Group restated a "buy" rating and issued a $418.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Bank of America upped 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. Weiss Ratings upgraded shares of JPMorgan Chase & Co. from a "buy (b)" rating to a "buy (b+)" rating in a research note on Wednesday, September 2nd. UBS Group raised their target price on shares of JPMorgan Chase & Co. from $384.00 to $400.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Finally, Zacks Research cut shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. Sixteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and an average target price of $359.96.

Key Headlines Impacting JPMorgan Chase & Co.

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

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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