JPMorgan Chase & Co. $JPM Shares Bought by MGO One Seven LLC

MGO One Seven LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 206,437 shares of the financial services provider’s stock after buying an additional 2,025 shares during the period. JPMorgan Chase & Co. comprises approximately 1.1% of MGO One Seven LLC’s portfolio, making the stock its 8th largest position. MGO One Seven LLC’s holdings in JPMorgan Chase & Co. were worth $68,296,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Concorde Asset Management LLC increased its position in shares of JPMorgan Chase & Co. by 1.1% in the second quarter. Concorde Asset Management LLC now owns 2,660 shares of the financial services provider’s stock valued at $871,000 after acquiring an additional 29 shares during the period. Elevation Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.0% during the 2nd quarter. Elevation Wealth Management LLC now owns 3,074 shares of the financial services provider’s stock valued at $1,006,000 after purchasing an additional 29 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. increased its position in shares of JPMorgan Chase & Co. by 0.8% during the second quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,531 shares of the financial services provider’s stock valued at $1,156,000 after buying an additional 29 shares during the period. Arkansas Financial Group Inc. boosted its position in JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Arkansas Financial Group Inc. now owns 2,667 shares of the financial services provider’s stock valued at $873,000 after acquiring an additional 30 shares in the last quarter. Finally, Flynn Zito Capital Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Flynn Zito Capital Management LLC now owns 2,830 shares of the financial services provider’s stock worth $926,000 after acquiring an additional 30 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JPM has been the subject of several recent research reports. Truist Financial raised their price objective on JPMorgan Chase & Co. from $352.00 to $361.00 and gave the company a “hold” rating in a research report on Wednesday, October 14th. The Goldman Sachs Group restated an “outperform” rating and issued a $392.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, October 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $370.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 14th. Barclays raised their target price on shares of JPMorgan Chase & Co. from $420.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, October 14th. Finally, Wells Fargo & Company lifted their target price on shares of JPMorgan Chase & Co. from $375.00 to $390.00 and gave the company an “overweight” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $368.33.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction dated 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 directly owned 71,047 shares of the company’s stock, valued at $25,066,092.07. The trade was a 3.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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. Stock Performance

Shares of NYSE JPM opened at $337.48 on Friday. The firm’s 50-day moving average price is $342.26 and its 200-day moving average price is $323.62. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. The company has a market cap of $897.10 billion, a PE ratio of 14.16, a PEG ratio of 1.39 and a beta of 1.03. JPMorgan Chase & Co. has a 52-week low of $279.10 and a 52-week high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.94 by ($0.19). The company had revenue of $50.17 billion during 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%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.07 EPS. As a group, analysts anticipate that JPMorgan Chase & Co. will post 23.95 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th were paid a $1.65 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. The ex-dividend date was Tuesday, October 6th. This represents a $6.60 annualized dividend and a dividend yield of 2.0%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.68%.

Key Stories Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan has formed a strategic partnership to provide AI services to OpenAI. The agreement could create new business opportunities, though the reported potential for an OpenAI IPO in 2027 is not a JPMorgan IPO. OpenAI Forms JPMorgan Partnership Ahead of 2027 IPO
• Positive Sentiment: JPMorgan received approval to open a regulated private-banking branch in Dubai and is adding experienced U.S. private-banking advisers. The moves could support growth in wealth management, although their financial impact was not quantified. What Does JPMorgan Chase Gain From Its Dubai Push And US Hires?
• Neutral Sentiment: J.P. Morgan plans to add Saudi Arabian and Philippine government debt to a major emerging-markets bond index in 2027. This may reinforce its role in benchmark indexing, but the report does not indicate a material near-term effect on earnings. JP Morgan to Add Philippines and Saudi Arabia to Key EM Bond Index
• Negative Sentiment: Senate Finance Committee Democrats are preparing to scrutinize how JPMorgan executives handled the bank’s ties to Jeffrey Epstein. The prospect of congressional investigation creates reputational and potential legal or compliance risk. Democrats to Probe JPMorgan’s Relationship with Epstein
• Negative Sentiment: Democratic control of Congress could mean more scrutiny of banks and less momentum for financial deregulation, adding uncertainty around the sector’s regulatory outlook. Midterm Election Results: What’s Ahead for Financial Stocks?

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, 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.