2,632 JPMorgan Chase & Co. $JPM Shares Purchased by Atwood & Palmer Inc.

Atwood & Palmer Inc. grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 29.9% during the third quarter, HoldingsChannel reports. The firm owned 11,431 shares of the financial services provider’s stock after buying an additional 2,632 shares during the quarter. Atwood & Palmer Inc.’s holdings in JPMorgan Chase & Co. were worth $3,782,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Zevenbergen Capital Investments LLC increased its position in JPMorgan Chase & Co. by 2.2% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 29,263 shares of the financial services provider’s stock worth $9,681,000 after purchasing an additional 640 shares in the last quarter. Artemis Investment Management LLP boosted its position in JPMorgan Chase & Co. by 59.1% in the third quarter. Artemis Investment Management LLP now owns 104,141 shares of the financial services provider’s stock valued at $34,453,000 after buying an additional 38,677 shares in the last quarter. Aletheian Wealth Advisors LLC boosted its position in JPMorgan Chase & Co. by 1.2% in the third quarter. Aletheian Wealth Advisors LLC now owns 2,996 shares of the financial services provider’s stock valued at $991,000 after buying an additional 36 shares in the last quarter. YHB Investment Advisors Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.7% during the third quarter. YHB Investment Advisors Inc. now owns 56,746 shares of the financial services provider’s stock worth $18,773,000 after buying an additional 937 shares during the last quarter. Finally, Everhart Financial Group Inc. grew its stake in shares of JPMorgan Chase & Co. by 2.4% during the third quarter. Everhart Financial Group Inc. now owns 28,544 shares of the financial services provider’s stock worth $9,443,000 after buying an additional 661 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on JPM. Weiss Ratings upgraded JPMorgan Chase & Co. from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, September 2nd. Robert W. Baird boosted their price objective on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. TD Cowen started coverage on JPMorgan Chase & Co. in a research report on Thursday. They set a “hold” rating and a $370.00 price objective on the stock. Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $375.00 to $390.00 and gave the stock an “overweight” rating in a report on Friday, August 14th. Finally, Citigroup increased their target price on JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. Fifteen equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $362.88.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of the firm’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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 insiders.

JPMorgan Chase & Co. Trading Up 0.6%

Shares of JPM stock traded up $2.09 on Thursday, hitting $331.67. The company had a trading volume of 7,942,918 shares, compared to its average volume of 9,228,556. The firm has a market cap of $881.63 billion, a P/E ratio of 14.21, a P/E/G ratio of 1.36 and a beta of 1.02. The stock’s 50-day moving average is $351.12 and its two-hundred day moving average is $328.32. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85. JPMorgan Chase & Co. has a twelve month low of $279.10 and a twelve month high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.59 by $0.55. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The firm had revenue of $58.02 billion for the quarter, compared to the consensus estimate of $50.72 billion. During the same quarter in the previous year, the company earned $4.96 EPS. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 24.16 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm 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 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. JPMorgan Chase & Co.’s dividend payout ratio is currently 28.28%.

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: JPMorgan is scheduled to report third-quarter results on Oct. 13. Analysts expect solid revenue growth, and previews point to continued strength in investment banking and broader banking activity. JPMorgan Q3 earnings preview
• Positive Sentiment: TD Cowen initiated coverage with a “hold” rating and a $370 price target, implying meaningful potential upside from the referenced share price. The target provides valuation support, although the neutral rating signals limited conviction. TD Cowen coverage report
• Positive Sentiment: The bank’s recently announced 10% dividend increase reinforces confidence in capital generation and gives income-focused investors an additional reason to hold the stock. JPMorgan dividend increase
• Positive Sentiment: Chase is expanding its business-banking franchise with a payroll offering, potentially increasing client relationships, fee revenue and deposits over time. Chase adds payroll services
• Neutral Sentiment: JPMorgan continues to rank highly for artificial-intelligence capabilities and is directing a large technology budget toward productivity improvements. However, the timing and scale of returns from that spending remain uncertain. JPMorgan AI ranking
• Neutral Sentiment: Eleni Skoura was appointed head of Chase Germany, a routine leadership transition with limited immediate financial impact. Chase Germany leadership appointment
• Negative Sentiment: JPMorgan strategists warn that rapidly rising long-term Treasury yields—approaching 6% for 30-year bonds—reflect fiscal and debt concerns and can pressure markets, increase funding costs and weaken credit demand. JPMorgan bond-yield warning
• Negative Sentiment: Pre-earnings commentary highlights elevated expenses, potential credit deterioration and JPMorgan’s relatively rich valuation as risks to near-term performance. Housing affordability is also near financial-crisis lows, raising concerns about a frozen housing market and future loan demand. JPMorgan pre-earnings analysis

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, 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.