Vest Financial LLC Buys 21,084 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Vest Financial increased its JPMorgan stake by 8.3%, purchasing 21,084 additional shares to hold 276,446 shares valued at approximately $91.5 million. Institutional investors collectively own 71.55% of the stock.
• JPMorgan’s latest quarterly results fell short of expectations, with EPS of $5.75 versus the $5.94 consensus and revenue of $50.17 billion versus $51.23 billion expected. However, revenue grew 8.1% year over year, and the bank raised its quarterly dividend to $1.65 per share.
• Analysts maintain a generally favorable view, with a consensus rating of “Moderate Buy” and an average price target of $368.10, while JPMorgan continues expanding its tokenized money-market funds and JPM Coin blockchain offerings.

Vest Financial LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 276,446 shares of the financial services provider's stock after purchasing an additional 21,084 shares during the period. JPMorgan Chase & Co. makes up approximately 1.0% of Vest Financial LLC's holdings, making the stock its 17th largest position. Vest Financial LLC's holdings in JPMorgan Chase & Co. were worth $91,457,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EnRich Financial Partners LLC bought a new stake in shares of JPMorgan Chase & Co. in the third quarter worth $713,000. Mid American Wealth Advisory Group Inc. bought a new position in JPMorgan Chase & Co. in the third quarter valued at about $214,000. PFS Partners LLC lifted its holdings in JPMorgan Chase & Co. by 2.7% in the third quarter. PFS Partners LLC now owns 2,113 shares of the financial services provider's stock valued at $699,000 after acquiring an additional 56 shares during the period. Momentous Wealth Management Inc. lifted its holdings in JPMorgan Chase & Co. by 5.1% in the third quarter. Momentous Wealth Management Inc. now owns 1,809 shares of the financial services provider's stock valued at $598,000 after acquiring an additional 87 shares during the period. Finally, Eagle Rock Investment Company LLC boosted its position in JPMorgan Chase & Co. by 0.5% in the third quarter. Eagle Rock Investment Company LLC now owns 67,657 shares of the financial services provider's stock worth $22,383,000 after purchasing an additional 366 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: Digital-assets expansion: J.P. Morgan Asset Management made its MONY and JLTXX tokenized money-market funds available on the Solana blockchain for qualified U.S. investors. The move broadens access to the bank’s onchain platform and could support new fee and asset-gathering opportunities. J.P. Morgan Asset Management Expands Access to Its Tokenized Money Market Funds on Solana
• Positive Sentiment: JPM Coin reaches Ethereum: JPMorgan extended its USD-backed deposit-token payment system to the Ethereum mainnet for institutional clients, enabling potentially faster, always-on settlement. The expansion reinforces JPM’s position in institutional blockchain infrastructure. JPMorgan Chase Takes JPM Coin to Ethereum
• Positive Sentiment: Higher earnings outlook: Erste Group raised its fiscal 2027 EPS estimate for JPM to $25.56 from $25.27, above the current consensus forecast of $23.99. The revision offers support for the long-term earnings story. JPMorgan EPS Estimate Update
• Neutral Sentiment: JPMorgan disclosed stakes exceeding 5% in Panoro Energy, Deep Value Driller and Hexagon Composites. These appear to be investment or custody-related holdings and are not expected to materially affect JPM’s operating results. JPMorgan Ownership Disclosures
• Neutral Sentiment: JPMorgan strategists said hedge-fund positioning has reset and that downside risk for equities may be limited. This could improve market sentiment, but it is not a direct change to JPM’s fundamentals. JPMorgan Strategist Market Outlook
• Negative Sentiment: Average credit-card delinquencies among major issuers, including JPMorgan, increased to 2.6% in September. Although net charge-offs declined, rising delinquency rates could raise concerns about consumer credit costs and future provisions. Credit Card Delinquencies Creep Up
• Negative Sentiment: The recent earnings miss remains an overhang: quarterly EPS of $5.75 fell short of the $5.94 consensus, while revenue also missed estimates. This may be offsetting optimism around digital assets and higher longer-term forecasts.

Insider Activity at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total transaction of $882,025.00. Following the transaction, the insider owned 71,047 shares of the company's stock, valued at approximately $25,066,092.07. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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.

JPMorgan Chase & Co. Trading Up 0.1%

Shares of NYSE JPM opened at $331.82 on Monday. The stock has a market capitalization of $882.04 billion, a P/E ratio of 13.92, a PEG ratio of 1.31 and a beta of 1.02. JPMorgan Chase & Co. has a 1-year low of $279.10 and a 1-year high of $366.50. The business's 50 day moving average is $345.41 and its two-hundred day moving average is $331.96. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.85.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $5.75 EPS for the quarter, missing analysts' consensus estimates of $5.94 by ($0.19). The firm had revenue of $50.17 billion for the quarter, compared to analysts' expectations of $51.23 billion. JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. JPMorgan Chase & Co.'s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $5.07 earnings per share. As a group, research analysts expect that JPMorgan Chase & Co. will post 23.97 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm 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 dividend of $1.65 per share. This is a positive change 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 2.0%. The ex-dividend date of this dividend is Tuesday, October 6th. JPMorgan Chase & Co.'s payout ratio is currently 27.68%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on JPM shares. The Goldman Sachs Group reiterated an "outperform" rating and set a $392.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 13th. Citigroup dropped their price target on shares of JPMorgan Chase & Co. from $360.00 to $350.00 and set a "neutral" rating for the company in a research report on Thursday, October 15th. Jefferies Financial Group reissued a "neutral" rating on shares of JPMorgan Chase & Co. in a research note on Friday, September 25th. Robert W. Baird raised their price objective on shares of JPMorgan Chase & Co. from $305.00 to $312.00 and gave the company a "neutral" rating in a research report on Wednesday, October 14th. Finally, Morgan Stanley raised their price objective on shares of JPMorgan Chase & Co. from $370.00 to $377.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $368.10.

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, investment banking, payments, asset management and wealth management services to individuals, businesses, governments and institutional clients.

Its major business segments include Consumer & Community Banking, which offers deposit accounts, credit cards, mortgages, auto loans and other financial products; Commercial & Investment Banking, which provides corporate lending, advisory, underwriting, trading, treasury and payments services; and Asset & Wealth Management, which serves individual and institutional investors with investment management, brokerage and related advisory services.

JPMorgan Chase serves customers in the United States and operates internationally through offices and businesses in major financial centers around the world.

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