33,495 JPMorgan Chase & Co. $JPM Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 20.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 200,767 shares of the financial services provider’s stock after purchasing an additional 33,495 shares during the quarter. Farther Finance Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $66,420,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Horizons Wealth Management acquired a new position in shares of JPMorgan Chase & Co. during the third quarter valued at $31,000. MBM Wealth Consultants LLC bought a new position in JPMorgan Chase & Co. in the first quarter valued at about $29,000. Aventus Investment Advisors Inc. acquired a new stake in JPMorgan Chase & Co. in the second quarter worth about $33,000. Osbon Capital Management LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $35,000. Finally, Timbuktu Capital Management LLC bought a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $50,000. 71.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total value of $882,025.00. Following the sale, the insider directly owned 71,047 shares in the company, valued at approximately $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 accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

JPM has been the topic of a number of research reports. Evercore restated an “outperform” rating and set a $360.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. Morgan Stanley reiterated a “positive” rating and set a $370.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 15th. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $375.00 to $390.00 and gave the stock an “overweight” rating in a research note on Friday, August 14th. Zacks Research lowered shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Finally, HSBC raised their price objective on shares of JPMorgan Chase & Co. from $369.00 to $377.00 and gave the company a “hold” rating in a research note on Monday, September 28th. Fifteen analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $362.88.

Check Out Our Latest Research Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Trading Up 0.6%

JPM traded up $2.09 during midday trading on Thursday, reaching $331.67. 7,942,918 shares of the company were exchanged, compared to its average volume of 9,228,556. The stock has a market capitalization of $881.63 billion, a P/E ratio of 14.21, a PEG ratio of 1.36 and a beta of 1.02. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $366.50. The stock’s 50-day simple moving average is $351.12 and its 200 day simple 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. (NYSE:JPM – Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $5.59 by $0.55. The company had revenue of $58.02 billion during the quarter, compared to analysts’ expectations of $50.72 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.JPMorgan Chase & Co.’s revenue was up 27.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.96 EPS. As a group, analysts forecast that JPMorgan Chase & Co. will post 24.16 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. Shareholders of record on Tuesday, October 6th will be paid a $1.65 dividend. The ex-dividend date of this dividend is Tuesday, October 6th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a yield of 2.0%. JPMorgan Chase & Co.’s payout ratio is currently 28.28%.

Trending Headlines about JPMorgan Chase & Co.

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

About JPMorgan Chase & Co.

(Free Report)

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.

See Also

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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