Iowa State Bank Decreases Stake in JPMorgan Chase & Co. $JPM

Iowa State Bank lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,592 shares of the financial services provider’s stock after selling 2,880 shares during the quarter. JPMorgan Chase & Co. comprises approximately 3.1% of Iowa State Bank’s investment portfolio, making the stock its 10th biggest holding. Iowa State Bank’s holdings in JPMorgan Chase & Co. were worth $19,384,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Horizons Wealth Management acquired a new position in JPMorgan Chase & Co. during the 3rd quarter worth $31,000. MBM Wealth Consultants LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at $29,000. Aventus Investment Advisors Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $33,000. Osbon Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $35,000. Finally, Timbuktu Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the second quarter worth $50,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Citigroup upped their target price on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. Zacks Research lowered shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. HSBC lifted their price target on shares of JPMorgan Chase & Co. from $369.00 to $377.00 and gave the stock a “hold” rating in a research report on Monday, September 28th. Finally, Royal Bank Of Canada increased their price objective on shares of JPMorgan Chase & Co. from $330.00 to $370.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Sixteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $363.08.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the 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 completion of the transaction, the insider owned 71,047 shares in the company, valued at approximately $25,066,092.07. This represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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. News Roundup

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

• Positive Sentiment: Earnings expectations are favorable. Wall Street expects JPMorgan to report year-over-year earnings growth next week, while Zacks highlights a combination of factors that could support another earnings beat. The bank’s previous quarter included stronger-than-expected earnings and revenue, providing a favorable comparison for investors. JPMorgan Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Trading and investment banking are key areas of strength. JPMorgan’s equities business surged 86% in the prior quarter, and investors are watching whether strong trading activity, investment banking demand and market volatility can support results when the bank reports on October 13. JPMorgan Equities Business and Upcoming Earnings
• Positive Sentiment: JPMorgan is expanding its digital-settlement influence. The bank contributed input to Solana’s new delivery-versus-payment settlement program, which is designed to complete institutional transactions in seconds rather than the traditional one-to-two days. The development reinforces JPMorgan’s involvement in financial-market infrastructure and blockchain applications, although the immediate financial impact is unclear. Solana Launches Settlement Standard With JPMorgan Input
• Neutral Sentiment: Credit-market activity offers both revenue potential and risk. JPMorgan is marketing approximately $5 billion of leveraged loans for Volta Infrastructure at yields near 11%. The transaction could generate fees for the bank, but the elevated borrowing cost also highlights increased credit risk in debt financing tied to the artificial-intelligence investment boom. JPMorgan Markets Volta AI Loan Sale
• Positive Sentiment: Analysts continue to cite JPMorgan’s competitive advantages. Recent commentary points to the bank’s scale and diversified exposure across consumer banking, payments, commercial banking, investment banking, trading and wealth management as supporting a durable competitive moat. JPMorgan Has One of Banking’s Best Moats

JPMorgan Chase & Co. Trading Down 0.3%

JPM traded down $0.91 during midday trading on Tuesday, reaching $331.47. 1,716,189 shares of the company were exchanged, compared to its average volume of 9,223,568. 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 one year low of $279.10 and a one year high of $366.50. The stock has a market capitalization of $881.11 billion, a P/E ratio of 14.20, a PEG ratio of 1.39 and a beta of 1.02. The stock’s 50-day simple moving average is $351.96 and its 200 day simple moving average is $327.72.

JPMorgan Chase & Co. (NYSE:JPM) 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 24.11 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be given a dividend of $1.65 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, October 6th. JPMorgan Chase & Co.’s payout ratio is currently 28.28%.

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.