JPMorgan Chase & Co. $JPM Shares Acquired by Prairie Advisory LLC

Prairie Advisory LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 100.3% during the third quarter, Holdings Channel reports. The firm owned 10,950 shares of the financial services provider’s stock after acquiring an additional 5,483 shares during the quarter. Prairie Advisory LLC’s holdings in JPMorgan Chase & Co. were worth $3,623,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Horizons Wealth Management bought a new stake in JPMorgan Chase & Co. in the third quarter valued at $31,000. MBM Wealth Consultants LLC acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth approximately $29,000. Aventus Investment Advisors Inc. acquired a new position in shares of JPMorgan Chase & Co. during the second quarter worth approximately $33,000. Timbuktu Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the second quarter worth approximately $50,000. Finally, NI Acquisitions Company LLC acquired a new position in shares of JPMorgan Chase & Co. during the second quarter worth approximately $51,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.1%

Shares of NYSE:JPM opened at $334.84 on Thursday. The company has a 50 day moving average of $346.57 and a 200-day moving average of $331.41. The firm has a market cap of $890.07 billion, a P/E ratio of 14.05, a P/E/G ratio of 1.32 and a beta of 1.02. JPMorgan Chase & Co. has a twelve month low of $279.10 and a twelve month high of $366.50. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.31.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data 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). JPMorgan Chase & Co. had a net margin of 21.85% and a return on equity of 18.48%. The company had revenue of $50.17 billion during the quarter, compared to the consensus estimate of $51.23 billion. During the same quarter last year, the business earned $5.07 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. As a group, analysts anticipate that JPMorgan Chase & Co. will post 23.99 earnings per share for the current fiscal 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 paid a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, October 6th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. JPMorgan Chase & Co.’s dividend payout ratio is 27.68%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on JPM. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $370.00 to $377.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 14th. Freedom Broker raised JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 15th. Royal Bank Of Canada reiterated an “outperform” rating and set a $370.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. Evercore reissued an “outperform” rating and issued a $360.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. 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: Strong trading and AI-related revenue: JPMorgan, Goldman Sachs and Morgan Stanley reportedly captured nearly 80% of the top five banks’ equity-trading revenue this year, benefiting from hedge-fund borrowing and demand tied to artificial intelligence and semiconductor stocks. Goldman Sachs, JPMorgan and Morgan Stanley are dominating the AI stock boom
• Positive Sentiment: Expansion in digital payments: JPMorgan launched its dollar-backed JPM Coin deposit token on Ethereum’s mainnet for institutional clients. Wider blockchain access could strengthen the bank’s transaction-services business and digital-asset infrastructure. JPMorgan Launches JPM Coin on Ethereum for Institutional Clients
• Positive Sentiment: International and strategic growth: JPMorgan reportedly is pursuing a Nigerian banking license after placing a 50 billion-naira deposit with Nigeria’s central bank. The move could expand its African corporate and investment-banking presence. J.P. Morgan to Secure Nigerian Banking Licence
• Positive Sentiment: Capital and resiliency investments: The bank has committed roughly $230 billion through its broader, 10-year security and resiliency initiative, potentially creating long-term opportunities in infrastructure, supply chains and government-related financing. Jamie Dimon spent years warning about America’s reliance on China
• Neutral Sentiment: Bitcoin outlook: JPMorgan Asset Management forecasts a 10% annualized Bitcoin return over 10–15 years, above its projections for U.S. large-cap stocks and gold, but excludes Bitcoin from core portfolio models because of approximately 55% volatility. The forecast may enhance JPMorgan’s digital-assets credentials, though it is not a direct earnings catalyst. JPMorgan Puts a Number on Bitcoin for the First Time
• Neutral Sentiment: JPMorgan completed a $7 billion senior-debt offering, providing funding but also increasing fixed financing obligations. JPMorgan Chase Completes $7 Billion Senior Debt Offering
• Negative Sentiment: The most immediate pressure remains earnings: JPMorgan’s latest quarterly EPS and revenue missed consensus estimates, despite year-over-year growth. That disappointment likely weighs more heavily on the stock than the longer-term strategic announcements.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.