Wedmont Private Capital Purchases 3,424 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Wedmont Private Capital increased its JPMorgan stake by 6.8% in the second quarter, adding 3,424 shares and bringing its holdings to 54,011 shares valued at approximately $18.2 million. Institutional investors collectively own 71.55% of the company.
• JPMorgan reported stronger-than-expected quarterly results, with earnings per share of $6.14 and revenue of $58.02 billion. The bank also raised its quarterly dividend to $1.65 per share, equivalent to a 2.0% annualized yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $363.29, though valuation concerns and weakening technical momentum remain potential risks; shares recently traded below their 50-day moving average.

Wedmont Private Capital raised its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 54,011 shares of the financial services provider's stock after acquiring an additional 3,424 shares during the period. Wedmont Private Capital's holdings in JPMorgan Chase & Co. were worth $18,173,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Concorde Asset Management LLC grew its holdings in JPMorgan Chase & Co. by 1.1% during the second quarter. Concorde Asset Management LLC now owns 2,660 shares of the financial services provider's stock worth $871,000 after acquiring an additional 29 shares during the period. Elevation Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 1.0% during the second quarter. Elevation Wealth Management LLC now owns 3,074 shares of the financial services provider's stock worth $1,006,000 after buying an additional 29 shares in the last quarter. Arkansas Financial Group Inc. grew its position in JPMorgan Chase & Co. by 1.1% during the second quarter. Arkansas Financial Group Inc. now owns 2,667 shares of the financial services provider's stock worth $873,000 after buying an additional 30 shares during the period. Flynn Zito Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 1.1% in the second quarter. Flynn Zito Capital Management LLC now owns 2,830 shares of the financial services provider's stock valued at $926,000 after buying an additional 30 shares in the last quarter. Finally, Wedgewood Investors Inc. PA boosted its stake in shares of JPMorgan Chase & Co. by 1.5% during the 2nd quarter. Wedgewood Investors Inc. PA now owns 2,059 shares of the financial services provider's stock worth $674,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. 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 sale, the insider owned 71,047 shares of the company's stock, valued at $25,066,092.07. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by corporate insiders.

More JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan’s dividend increase and history of maintaining substantial capital cushions continue to support its appeal as a relatively defensive income stock, particularly compared with other large banks. JPM vs. BAC: The Bank Built to Sustain Dividend Growth When Markets Turn
• Positive Sentiment: The bank is participating in an Nvidia collaboration focused on securing AI agents through tools designed to control and monitor their actions. JPMorgan and Citi are also exploring shared AI technologies for banking workflows, reinforcing the bank’s technology-investment narrative. JPMorgan Chase Stock: AI Collaboration Gains Attention Amid Market Pressure
• Neutral Sentiment: JPMorgan’s market-intelligence team has shifted back to a more constructive view on technology stocks, citing steadier bond markets and lower oil prices. This may support trading and investment-banking activity, but it does not directly change JPMorgan’s near-term earnings outlook. JPMorgan Market Intelligence Desk Goes Bullish on Tech Stocks
• Negative Sentiment: Shares fell below their 50-day simple moving average, a technical breakdown that signals deteriorating near-term momentum and can encourage additional selling by technically oriented investors. JPMorgan Trades Below 50-Day SMA: Buy, Sell or Hold the Stock?
• Negative Sentiment: Valuation concerns remain as JPMorgan trades above an estimated fair-value measure, limiting enthusiasm despite its strong fundamentals. Investors are also weighing elevated market valuations and the possibility of additional Federal Reserve rate hikes if inflation stays persistent. J.P. Morgan Sees Fed Rate Hikes Going Out With a Bang This Year

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $331.37 on Thursday. The stock has a market cap of $880.83 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98. The business has a fifty day moving average of $353.18 and a 200-day moving average of $326.73. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $366.50. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30.

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, beating the consensus estimate of $5.59 by $0.55. The firm had revenue of $58.02 billion during 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 firm's revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.96 EPS. As a group, analysts predict that JPMorgan Chase & Co. will post 24.33 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Tuesday, October 6th will be given a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a yield of 2.0%. 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 (DPR) is 25.71%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JPM. HSBC upped their price target on JPMorgan Chase & Co. from $369.00 to $377.00 and gave the stock a "hold" rating in a report on Monday. Zacks Research downgraded JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. Bank of America upped their target price on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a "buy" rating in a report on Thursday, July 16th. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $375.00 to $390.00 and gave the company an "overweight" rating in a research report on Friday, August 14th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. Sixteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $363.29.

JPMorgan Chase & Co. Company 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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