Tenet Wealth Partners LLC Purchases 3,118 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Tenet Wealth Partners initiated a JPMorgan Chase stake of 3,118 shares valued at approximately $1.1 million, while institutional investors collectively own 71.55% of the stock.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $363.29, despite some hold ratings and a recent downgrade from Zacks Research.
• JPMorgan exceeded quarterly earnings and revenue expectations, reporting $6.14 in EPS and $58.02 billion in revenue; it also raised its quarterly dividend to $1.65 per share, implying a 2.0% yield.

Tenet Wealth Partners LLC purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,118 shares of the financial services provider's stock, valued at approximately $1,111,000. JPMorgan Chase & Co. comprises approximately 0.8% of Tenet Wealth Partners LLC's portfolio, making the stock its 22nd largest holding.

Several other hedge funds also recently made changes to their positions in the company. MBM Wealth Consultants LLC acquired a new position in JPMorgan Chase & Co. during the first quarter worth approximately $29,000. Aventus Investment Advisors Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $33,000. Osbon Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $35,000. Timbuktu Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the second quarter worth approximately $50,000. Finally, Turim 21 Investimentos Ltda. purchased a new position in shares of JPMorgan Chase & Co. during the first quarter worth approximately $62,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Truist Financial upped their price target on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a "hold" rating in a research report on Wednesday, July 15th. Zacks Research downgraded shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. Bank of America lifted their price objective on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. Morgan Stanley reaffirmed a "positive" rating and issued a $370.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and set a $375.00 target price for the company in a research note on Wednesday, July 22nd. Sixteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $363.29.

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: HSBC raised its JPMorgan price target to $377 from $369 while maintaining a Hold rating, implying potential upside from the current level. HSBC Adjusts Price Target on JPMorgan Chase
• Positive Sentiment: JPMorgan Asset Management is planning a $20 billion partnership with Qatar Investment Authority, including management of approximately $15 billion by JPMorgan. The agreement could strengthen the bank’s global asset-management franchise and generate longer-term fee revenue. JPMorgan’s QIA Partnership
• Positive Sentiment: JPMorgan strategists said the technology sell-off has run its course in many areas and identified several large technology stocks as attractively valued. This could support investment-banking, markets, and asset-management activity if technology sentiment improves. JPMorgan Technology Strategy
• Neutral Sentiment: JPMorgan is reportedly considering a roughly $3.8 billion construction loan for an Extell condominium tower. The potential transaction would be sizable, but it also exposes the bank to commercial real-estate and project-specific credit risk. JPMorgan Extell Construction Loan
• Negative Sentiment: JPMorgan’s shares underperformed the broader market during the latest session, reflecting investor caution despite the higher HSBC target. Commentary also highlighted risks that agentic artificial intelligence could weaken banks’ control over valuable customer traffic and financial-service distribution. Why JPMorgan Dipped More Than the Broader Market

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of the 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 transaction, the insider directly owned 71,047 shares of the company's stock, valued at $25,066,092.07. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $336.92 on Tuesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $895.59 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. The firm's fifty day moving average price is $353.72 and its 200 day moving average price is $326.05. JPMorgan Chase & Co. has a 1-year low of $279.10 and a 1-year high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, topping analysts' consensus estimates of $5.59 by $0.55. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The company had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. During the same quarter in the prior year, the firm earned $4.96 EPS. JPMorgan Chase & Co.'s quarterly revenue was up 27.7% on a year-over-year basis. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 24.3 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be paid a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.0%. 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 presently 25.71%.

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, 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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