Mutual Advisors LLC Purchases 4,244 Shares of JPMorgan Chase & Co. $JPM

Mutual Advisors LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,334 shares of the financial services provider’s stock after purchasing an additional 4,244 shares during the quarter. JPMorgan Chase & Co. accounts for 0.6% of Mutual Advisors LLC’s portfolio, making the stock its 20th largest position. Mutual Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $29,258,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $10,295,209,000. Laurel Wealth Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 28,813.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 16,785,584 shares of the financial services provider’s stock worth $4,866,309,000 after buying an additional 16,727,530 shares during the period. Viking Global Investors LP boosted its stake in JPMorgan Chase & Co. by 86.1% in the 2nd quarter. Viking Global Investors LP now owns 4,042,034 shares of the financial services provider’s stock valued at $1,171,826,000 after buying an additional 1,870,386 shares in the last quarter. Montrusco Bolton Investments Inc. acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at $485,802,000. Finally, International Assets Investment Management LLC bought a new stake in JPMorgan Chase & Co. in the second quarter valued at $458,104,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Trading Down 0.0%

Shares of NYSE JPM opened at $322.34 on Tuesday. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $337.25. The company has a 50-day moving average of $315.86 and a two-hundred day moving average of $307.40. The company has a market cap of $877.49 billion, a PE ratio of 16.11, a P/E/G ratio of 1.57 and a beta of 1.08. The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, January 13th. The financial services provider reported $5.23 earnings per share for the quarter, beating analysts’ consensus estimates of $4.93 by $0.30. JPMorgan Chase & Co. had a net margin of 20.35% and a return on equity of 17.16%. The business had revenue of $46.77 billion during the quarter, compared to analyst estimates of $45.98 billion. During the same quarter last year, the business posted $4.81 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, January 31st. Stockholders of record on Tuesday, January 6th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.99%.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of analyst reports. Dbs Bank raised JPMorgan Chase & Co. to a “hold” rating in a report on Tuesday, October 21st. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and set a $280.00 target price for the company in a research report on Tuesday, February 3rd. HSBC set a $319.00 price target on shares of JPMorgan Chase & Co. and gave the company a “hold” rating in a report on Thursday. DZ Bank reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, January 14th. Finally, Truist Financial set a $334.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, January 14th. Fourteen investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $340.18.

Key Stories Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: Bespoke municipal-bond accounts — separately managed muni accounts — have grown to about $1.3 trillion, which JPMorgan says is now the largest form of demand aggregation in the municipal market. That underlines recurring-fee and asset-gathering strength for the bank’s wealth and asset-management businesses. JPMorgan says bespoke muni-bond accounts grew to US$1.3 trillion
• Positive Sentiment: Baird upgraded JPMorgan to Neutral after JPM beat Q4 earnings estimates — the upgrade cites JPM’s strong capital position and Q4 performance, which supports the earnings outlook and dividend/ buyback capacity. Baird Upgrades JPMorgan (JPM) to Neutral After Q4 Earnings Beat
• Positive Sentiment: HSBC moved JPM from Reduce to Hold and set a $319 price target, reflecting the stock’s recovery from recent weakness and reinforcing analyst support for the shares. HSBC Upgraded JPMorgan Chase & Co. (JPM) to Hold from Reduce and Set a New $319 Price Target
• Neutral Sentiment: Coverage notes and analyst actions from JPMorgan (price-target moves on other companies, analyst reports) keep the firm visible as a research and trading hub, but these items have limited direct impact on JPM’s own earnings. JPMorgan and Citigroup Lift Price Targets on L3Harris Technologies, Inc. (LHX)
• Neutral Sentiment: Commentary about other companies (e.g., JPMorgan’s analyst calls on Kyndryl, TG Therapeutics) reflects normal sell-side activity but doesn’t materially change JPM’s fundamentals. Kyndryl Slumps Amid CFO Exit, Weak Outlook
• Negative Sentiment: JPMorgan Global Research warns that nationwide home-price forecasts mask sharp declines in parts of the Sun Belt (Florida, Texas) and on the West Coast — a regional housing slump could pressure mortgage originations, home-equity lines and consumer credit in those areas. JPMorgan’s nationwide home price forecast hides a Sun Belt full of pain. Watch out, Florida and Texas
• Negative Sentiment: JPMorgan’s own economists (e.g., David Kelly) flag “soggy consumption, weak job gains and a sour public mood,” signaling macro downside risk to loan growth, trading volumes and fee businesses if consumer activity weakens. Top analyst: Trump’s economy marked by ‘soggy consumption, weak job gains and a sour public mood’

Insider Transactions at JPMorgan Chase & Co.

In other news, CFO Jeremy Barnum sold 2,893 shares of the company’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $312.79, for a total transaction of $904,901.47. Following the transaction, the chief financial officer owned 26,696 shares of the company’s stock, valued at $8,350,241.84. This represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Stacey Friedman sold 3,404 shares of the firm’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $312.80, for a total value of $1,064,771.20. Following the completion of the transaction, the general counsel owned 65,353 shares in the company, valued at approximately $20,442,418.40. This represents a 4.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,868 shares of company stock worth $4,650,596 over the last 90 days. 0.47% of the stock is owned by insiders.

About JPMorgan Chase & Co.

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.