25,349 JPMorgan Chase & Co. $JPM Shares Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 57.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,270 shares of the financial services provider’s stock after buying an additional 25,349 shares during the period. SteelPeak Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $22,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in JPM. Bank of America Corp DE raised its position in shares of JPMorgan Chase & Co. by 15.8% during the 1st quarter. Bank of America Corp DE now owns 65,660,460 shares of the financial services provider’s stock worth $19,314,681,000 after acquiring an additional 8,941,351 shares in the last quarter. Ascentis Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 32,672.0% during the second quarter. Ascentis Wealth Management LLC now owns 4,647,071 shares of the financial services provider’s stock worth $1,521,126,000 after purchasing an additional 4,632,891 shares during the last quarter. Jupiter Topco LLC acquired a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $1,274,097,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in JPMorgan Chase & Co. by 31.5% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,944,004 shares of the financial services provider’s stock valued at $2,042,648,000 after purchasing an additional 1,662,250 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in JPMorgan Chase & Co. by 22.9% in the second quarter. Canada Pension Plan Investment Board now owns 8,020,990 shares of the financial services provider’s stock valued at $2,625,511,000 after purchasing an additional 1,496,676 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 0.5%

JPM opened at $335.12 on Wednesday. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $366.50. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $890.83 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The business’s 50-day simple moving average is $347.18 and its 200-day simple moving average is $331.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.94 by ($0.19). The firm had revenue of $50.17 billion during the quarter, compared to analyst estimates of $51.23 billion. JPMorgan Chase & Co. had a net margin of 21.85% and a return on equity of 18.48%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $5.07 earnings per share. Analysts anticipate that JPMorgan Chase & Co. will post 23.49 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders 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 yield of 2.0%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend is Tuesday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.68%.

Analyst Ratings Changes

JPM has been the topic of several recent analyst reports. Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $370.00 to $377.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 14th. Citigroup reduced their price objective on shares of JPMorgan Chase & Co. from $360.00 to $350.00 and set a “neutral” rating for the company in a research report on Thursday, October 15th. Weiss Ratings upgraded shares of JPMorgan Chase & Co. from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, October 9th. Evercore restated an “outperform” rating and issued a $360.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 6th. Finally, HSBC increased their target price on shares of JPMorgan Chase & Co. from $369.00 to $377.00 and gave the company a “hold” rating in a research report on Monday, September 28th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $365.45.

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: JPM Coin expands to Ethereum: JPMorgan made its dollar-backed deposit token available to select institutional clients on Ethereum’s mainnet. The move could broaden its blockchain-payment and tokenized-asset settlement business, although access remains restricted to institutional users. JPMorgan Launches JPM Coin on Ethereum for Institutional Clients
• Positive Sentiment: Large national-security investment program: JPMorgan said it has deployed $5 billion in equity investments and facilitated more than $230 billion in financing under its Security and Resiliency Initiative. Investments in defense technology, advanced manufacturing, and critical supply chains may create long-term banking and investment-banking opportunities while strengthening the company’s strategic positioning. Robot factories and hypersonic missiles: JPMorgan Chase’s first $5 billion of defense investments
• Positive Sentiment: Institutional outlook remains influential: J.P. Morgan Asset Management’s long-term assumptions project a 10% annualized return for Bitcoin over 10–15 years, above forecasts for U.S. large-cap stocks and gold. Although the bank does not include Bitcoin in core portfolio allocations because of volatility, the research highlights JPMorgan’s expanding role in digital-asset strategy and institutional markets. JPMorgan Predicts Bitcoin Will Beat U.S. Stocks
• Neutral Sentiment: $7 billion senior-debt offering: JPMorgan completed public offerings totaling $7 billion. The financing supports liquidity and capital-management needs, but also increases funding obligations and offers no immediate boost to earnings. JPMorgan Chase Completes $7 Billion Senior Debt Offering
• Negative Sentiment: Buybacks sharply reduced: Third-quarter net share repurchases fell nearly 89% to $664 million as JPMorgan prioritized organic investment. That may preserve capital for growth, but removes an important source of per-share support for investors. JPMorgan Slashes Q3 Share Buybacks
• Negative Sentiment: Recent earnings pressure: JPMorgan’s latest quarterly EPS and revenue came in below consensus estimates, while management warned about economic and geopolitical risks. These issues could limit valuation upside despite the bank’s strong profitability.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the business’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 value of $882,025.00. Following the completion of the sale, the insider owned 71,047 shares in the company, valued at approximately $25,066,092.07. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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. 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.