TD Waterhouse Canada Inc. Buys 24,393 Shares of JPMorgan Chase & Co. $JPM

Key Points

• TD Waterhouse Canada increased its JPMorgan stake by 1.3%, purchasing 24,393 shares to own 1.896 million shares valued at approximately $633.7 million. Institutional investors collectively hold 71.55% of the company.
• JPMorgan reported strong quarterly results, with EPS of $6.14 and revenue of $58.02 billion, exceeding analyst expectations and representing 27.7% year-over-year revenue growth.
• The bank raised its quarterly dividend from $1.50 to $1.65 per share, while analysts maintain a “Moderate Buy” consensus and an average price target of $360.58; Jefferies was more cautious, cutting its target to $365 and retaining a Hold rating.

TD Waterhouse Canada Inc. boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,896,218 shares of the financial services provider's stock after acquiring an additional 24,393 shares during the period. JPMorgan Chase & Co. accounts for 1.7% of TD Waterhouse Canada Inc.'s investment portfolio, making the stock its 13th largest holding. TD Waterhouse Canada Inc. owned about 0.07% of JPMorgan Chase & Co. worth $633,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of JPM. Syntax Research Inc. grew its holdings in JPMorgan Chase & Co. by 0.7% in the second quarter. Syntax Research Inc. now owns 7,806 shares of the financial services provider's stock worth $2,555,000 after purchasing an additional 54 shares during the period. Premier Path Wealth Partners LLC increased its holdings in JPMorgan Chase & Co. by 4.9% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 29,243 shares of the financial services provider's stock worth $9,572,000 after purchasing an additional 1,365 shares in the last quarter. Barlow Wealth Partners LLC raised its position in JPMorgan Chase & Co. by 1.1% in the 2nd quarter. Barlow Wealth Partners LLC now owns 85,274 shares of the financial services provider's stock valued at $28,193,000 after buying an additional 913 shares during the last quarter. Lakeshore Financial Planning Inc. raised its holdings in shares of JPMorgan Chase & Co. by 34.1% in the second quarter. Lakeshore Financial Planning Inc. now owns 11,366 shares of the financial services provider's stock valued at $3,721,000 after purchasing an additional 2,889 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in JPMorgan Chase & Co. by 14.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 277,039 shares of the financial services provider's stock valued at $90,683,000 after buying an additional 34,493 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the firm's stock in a transaction dated Thursday, September 10th. The shares were 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 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 Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.41% of the company's stock.

Key Stories Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan is exploring a private-credit “second-look” program for credit-card applicants. The initiative could expand approvals and card revenue while using additional underwriting to control losses and limit exposure to riskier borrowers. Can Private Credit Unlock More Growth for JPMorgan’s Card Business?
• Positive Sentiment: A new partnership with Thunes is intended to broaden JPMorgan’s cross-border payments reach across more than 100 corridors, adding local payment methods and faster payouts. This supports growth in the bank’s payments franchise. JPM’s Thunes Partnership
• Positive Sentiment: J.P. Morgan Asset Management and Paraguay announced a $200 million sustainable-forestry investment. The transaction could modestly support JPM’s asset-management and sustainable-investing businesses. Paraguay Sustainable Forestry Investment
• Neutral Sentiment: JPMorgan strategists see as much as $115 billion potentially flowing into Indian equities as investors diversify away from crowded artificial-intelligence trades. The view highlights the bank’s global research and investment-banking franchise but is not a direct earnings forecast for JPM.
• Neutral Sentiment: JPMorgan’s market strategists remain constructive on equities despite higher bond yields, while its analysts continue to promote opportunities in AI infrastructure, REITs and energy. These calls may enhance JPMorgan’s advisory profile but have limited immediate impact on its own shares.
• Negative Sentiment: Jefferies lowered its JPMorgan price target to $365 from $370 and reiterated a Hold rating. The revision signals limited near-term upside after the stock’s strong performance and may weigh on sentiment. Jefferies Adjusts JPMorgan Price Target

JPMorgan Chase & Co. Trading Down 0.0%

JPM opened at $342.99 on Monday. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $366.50. The stock has a market cap of $911.74 billion, a PE ratio of 14.70, a PEG ratio of 1.41 and a beta of 0.98. 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 of $353.76 and a 200-day moving average of $325.71.

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 for the quarter, topping analysts' consensus estimates of $5.59 by $0.55. The firm had revenue of $58.02 billion for 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 company's revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.96 EPS. Equities research analysts predict 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 paid a $1.65 dividend. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, October 6th. JPMorgan Chase & Co.'s payout ratio is currently 25.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $375.00 to $390.00 and gave the stock an "overweight" rating in a research note on Friday, August 14th. Bank of America raised their price target on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a "buy" rating in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and set a $375.00 price objective for the company in a research note on Wednesday, July 22nd. Citigroup boosted their price target 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. Finally, Robert W. Baird upped their price objective on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the stock a "neutral" rating in a report on Wednesday, July 15th. Sixteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $360.58.

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, 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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