Varma Mutual Pension Insurance Co Acquires 10,900 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Varma Mutual Pension Insurance Co. increased its JPMorgan Chase stake by 2.4%, acquiring 10,900 shares to own 461,411 shares valued at approximately $151 million. JPMorgan represents 0.8% of Varma’s portfolio.
• Institutional investors own 71.55% of JPMorgan’s stock, while insiders sold 10,467 shares worth about $3.6 million over the past 90 days.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $359.96. JPMorgan also reported earnings above expectations and raised its quarterly dividend 10% to $1.65 per share.

Varma Mutual Pension Insurance Co raised its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 461,411 shares of the financial services provider's stock after acquiring an additional 10,900 shares during the quarter. JPMorgan Chase & Co. makes up 0.8% of Varma Mutual Pension Insurance Co's holdings, making the stock its 17th largest holding. Varma Mutual Pension Insurance Co's holdings in JPMorgan Chase & Co. were worth $151,034,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fidelis Capital Partners LLC increased its position in shares of JPMorgan Chase & Co. by 7.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 70,077 shares of the financial services provider's stock worth $22,580,000 after acquiring an additional 5,101 shares during the period. E Fund Management Co. Ltd. raised its position in JPMorgan Chase & Co. by 7.1% during the 2nd quarter. E Fund Management Co. Ltd. now owns 29,956 shares of the financial services provider's stock valued at $9,805,000 after purchasing an additional 1,973 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its position in JPMorgan Chase & Co. by 4.6% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 343,644 shares of the financial services provider's stock valued at $112,485,000 after purchasing an additional 15,017 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its holdings in shares of JPMorgan Chase & Co. by 18.7% in the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 41,218 shares of the financial services provider's stock worth $12,125,000 after buying an additional 6,492 shares during the period. Finally, FAS Wealth Partners Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 4.3% in the 1st quarter. FAS Wealth Partners Inc. now owns 43,527 shares of the financial services provider's stock worth $12,804,000 after buying an additional 1,794 shares during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 5,467 shares of JPMorgan Chase & Co. stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the completion of the sale, the general counsel directly owned 40,961 shares in the company, valued at approximately $13,547,031.53. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 2,500 shares of the firm's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the completion of the transaction, the insider owned 71,047 shares of the company's stock, valued at $25,066,092.07. This trade represents a 3.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 10,467 shares of company stock valued at $3,593,651 over the last ninety days. 0.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

JPM has been the topic of several research reports. UBS Group raised their price target on JPMorgan Chase & Co. from $384.00 to $400.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Jefferies Financial Group set a $350.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 14th. The Goldman Sachs Group restated a "buy" rating and set a $418.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. Bank of America lifted their price target on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a "buy" rating in a report on Thursday, July 16th. Finally, Barclays boosted their price target on JPMorgan Chase & Co. from $391.00 to $420.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. Sixteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $359.96.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $349.42 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.30. The firm has a market cap of $928.82 billion, a PE ratio of 14.97, a P/E/G ratio of 1.44 and a beta of 0.98. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $366.50. The stock has a fifty day moving average price of $353.47 and a 200-day moving average price of $323.67.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, topping 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 firm had revenue of $58.02 billion for the quarter, compared to the consensus estimate of $50.72 billion. During the same period in the previous year, the business earned $4.96 EPS. The firm's revenue for the quarter was up 27.7% on a year-over-year basis. 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 disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be issued a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a dividend yield of 1.9%. This is an increase 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 is currently 25.71%.

JPMorgan Chase & Co. News Roundup

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

• Positive Sentiment: JPMorgan expects third-quarter investment-banking fees and Markets revenue to grow in the mid-to-high teens, reinforcing expectations for continued fee growth after a strong trading quarter. Can JPM’s Strong Q3 Capital Markets Outlook Help Sustain Fee Growth?
• Positive Sentiment: The bank’s quarterly dividend is increasing 10% to $1.65 per share from $1.50, signaling confidence in capital generation and improving shareholder returns. The dividend has an approximately 1.9% annualized yield. JPM Stock Rises as JPMorgan’s New Dividend Signals More Cash for Investors
• Positive Sentiment: The Federal Reserve’s rate increase and resulting rise in banks’ prime lending rates could support JPMorgan’s net interest income, although deposit-cost pressure remains a consideration. U.S. Banks Raise Prime Interest Rates Following Fed Hike
• Neutral Sentiment: JPMorgan will release third-quarter results before the market opens on October 13 and hold an earnings call afterward, giving investors a near-term catalyst to assess trading, lending and fee performance. JPMorganChase to Host Third-Quarter 2026 Earnings Call
• Neutral Sentiment: Filings show JPMorgan and affiliates falling below substantial-holder thresholds in Genesis Minerals and withdrawing as a substantial holder in West African Resources. These appear to be portfolio-position disclosures rather than changes to JPMorgan’s core operations. JPMorgan Group Drops Below Substantial Holder Threshold in Genesis Minerals
• Negative Sentiment: CEO Jamie Dimon said high inflation has not been fully defeated, keeping alive concerns about interest-rate volatility, credit conditions and potential pressure on economic growth. JPMorgan CEO Jamie Dimon Says High Inflation Hasn’t Been Slayed
• Negative Sentiment: Zacks Research downgraded JPMorgan from “strong buy” to “hold,” which may temper bullish sentiment despite the bank’s earnings momentum and dividend increase.

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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