Sax Wealth Advisors LLC Grows Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Sax Wealth Advisors increased its JPMorgan Chase stake by 13.4% in the second quarter, bringing its holdings to 25,214 shares valued at approximately $8.25 million. Other institutional investors also raised positions, with institutions owning 71.55% of the stock.
• JPMorgan shares opened at $357.44, near their 52-week high, while analysts maintain a “Moderate Buy” consensus with an average price target of $359.33. The bank also pays a quarterly dividend of $1.50, yielding about 1.7% annually.
• JPMorgan could benefit from strong AI infrastructure spending and expanded payments partnerships, but CEO Jamie Dimon warned that elevated leverage, inflation, interest rates and geopolitical risks could trigger market disruption.

Sax Wealth Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 13.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,214 shares of the financial services provider's stock after purchasing an additional 2,979 shares during the quarter. Sax Wealth Advisors LLC's holdings in JPMorgan Chase & Co. were worth $8,253,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Everpar Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.6% during the second quarter. Everpar Advisors LLC now owns 34,866 shares of the financial services provider's stock valued at $11,413,000 after purchasing an additional 551 shares during the period. Adamsbrown Wealth Consultants LLC increased its stake in JPMorgan Chase & Co. by 27.4% in the 2nd quarter. Adamsbrown Wealth Consultants LLC now owns 2,192 shares of the financial services provider's stock worth $717,000 after buying an additional 472 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in JPMorgan Chase & Co. by 7.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 47,171 shares of the financial services provider's stock valued at $15,440,000 after buying an additional 3,471 shares in the last quarter. West Financial Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 21.7% during the 2nd quarter. West Financial Advisors LLC now owns 689 shares of the financial services provider's stock valued at $226,000 after buying an additional 123 shares in the last quarter. Finally, Lexington Hill Partners LLC boosted its position in JPMorgan Chase & Co. by 15.9% in the 2nd quarter. Lexington Hill Partners LLC now owns 3,525 shares of the financial services provider's stock valued at $1,154,000 after buying an additional 484 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

More JPMorgan Chase & Co. News

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

• Positive Sentiment: AI spending could support economic growth. Dimon said hyperscalers’ heavy AI infrastructure spending is likely to pay off, contributing to U.S. GDP growth, job creation and demand for construction materials. Sustained AI-related financing and advisory activity could benefit JPMorgan’s investment banking and commercial businesses. AI spending and Jamie Dimon
• Positive Sentiment: Payments platform gains a new merchant offering. Klarna’s integration with J.P. Morgan Payments is now live in the U.S., allowing merchants to offer installment and flexible-payment options without a separate integration. The deal may strengthen JPMorgan’s payments ecosystem and help retain or attract commerce-platform clients. Klarna integration with J.P. Morgan Payments
• Positive Sentiment: Swift framework expands cross-border payments. JPMorgan and Bank of America have launched Swift’s new payment framework, supporting faster international transfers for U.S. users and reinforcing JPMorgan’s position in global transaction banking. Swift payment framework launch
• Neutral Sentiment: Quarterly filing provides updated disclosure. JPMorgan filed its Form 10-Q for the quarter ended June 30, but the available announcement does not highlight new financial results or material changes. Investors will need to review the filing for details on credit quality, capital, trading performance and expenses. JPMorgan Form 10-Q filing
• Negative Sentiment: Dimon’s leverage warning creates a risk overhang. He said margin debt is at record highs and that hidden borrowing through hedge funds, prime brokerages and leveraged ETFs could trigger a sudden market disruption. He also warned that AI-driven capital demand, geopolitical tensions and fiscal deficits could keep inflation and interest rates elevated, potentially pressuring asset values and trading conditions. Jamie Dimon leverage warning

JPMorgan Chase & Co. Stock Up 0.3%

Shares of JPMorgan Chase & Co. stock opened at $357.44 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.86. JPMorgan Chase & Co. has a 1 year low of $279.10 and a 1 year high of $363.00. The firm's 50-day moving average is $334.33 and its two-hundred day moving average is $313.40. The stock has a market cap of $957.76 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 1.47 and a beta of 0.99.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, July 6th. JPMorgan Chase & Co.'s dividend payout ratio is presently 25.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Zacks Research upgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $384.00 to $400.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Morgan Stanley reiterated a "positive" rating and issued a $370.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, July 15th. Argus increased their price objective on JPMorgan Chase & Co. from $340.00 to $355.00 and gave the stock a "buy" rating in a research note on Wednesday, April 15th. Finally, Dbs Bank raised JPMorgan Chase & Co. to a "hold" rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $359.33.

Insider Activity

In other news, General Counsel Stacey Friedman sold 5,468 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $300.27, for a total transaction of $1,641,876.36. Following the transaction, the general counsel directly owned 46,428 shares in the company, valued at approximately $13,940,935.56. This trade represents a 10.54% decrease in their ownership of the stock. The transaction 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. Corporate insiders own 0.41% of the company's stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co NYSE: JPM is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm's principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

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