JPMorgan Chase & Co. $JPM Stock Holdings Boosted by Summit Global Investments

Summit Global Investments lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 90.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,448 shares of the financial services provider’s stock after acquiring an additional 14,906 shares during the quarter. JPMorgan Chase & Co. accounts for 0.5% of Summit Global Investments’ portfolio, making the stock its 24th largest position. Summit Global Investments’ holdings in JPMorgan Chase & Co. were worth $10,404,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Concorde Asset Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.1% during the second quarter. Concorde Asset Management LLC now owns 2,660 shares of the financial services provider’s stock valued at $871,000 after purchasing an additional 29 shares during the period. Elevation Wealth Management LLC raised its stake in JPMorgan Chase & Co. by 1.0% in the second quarter. Elevation Wealth Management LLC now owns 3,074 shares of the financial services provider’s stock worth $1,006,000 after buying an additional 29 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. boosted its position in JPMorgan Chase & Co. by 0.8% during the 2nd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,531 shares of the financial services provider’s stock valued at $1,156,000 after acquiring an additional 29 shares in the last quarter. Arkansas Financial Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 1.1% in the 2nd quarter. Arkansas Financial Group Inc. now owns 2,667 shares of the financial services provider’s stock valued at $873,000 after acquiring an additional 30 shares during the period. Finally, Flynn Zito Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.1% in the 2nd quarter. Flynn Zito Capital Management LLC now owns 2,830 shares of the financial services provider’s stock valued at $926,000 after acquiring an additional 30 shares during the period. 71.55% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Robin Leopold sold 2,500 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were 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. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on JPM shares. Bank of America raised their price target on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Zacks Research downgraded JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. TD Cowen began coverage on JPMorgan Chase & Co. in a report on Thursday, October 8th. They issued a “hold” rating and a $370.00 price target for the company. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $375.00 to $390.00 and gave the stock an “overweight” rating in a research report on Friday, August 14th. Finally, HSBC raised their price target on shares of JPMorgan Chase & Co. from $369.00 to $377.00 and gave the stock a “hold” rating in a report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $368.33.

JPMorgan Chase & Co. News Roundup

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

• Positive Sentiment: JPMorgan has formed a strategic partnership to provide AI services to OpenAI. The agreement could create new business opportunities, though the reported potential for an OpenAI IPO in 2027 is not a JPMorgan IPO. OpenAI Forms JPMorgan Partnership Ahead of 2027 IPO
• Positive Sentiment: JPMorgan received approval to open a regulated private-banking branch in Dubai and is adding experienced U.S. private-banking advisers. The moves could support growth in wealth management, although their financial impact was not quantified. What Does JPMorgan Chase Gain From Its Dubai Push And US Hires?
• Neutral Sentiment: J.P. Morgan plans to add Saudi Arabian and Philippine government debt to a major emerging-markets bond index in 2027. This may reinforce its role in benchmark indexing, but the report does not indicate a material near-term effect on earnings. JP Morgan to Add Philippines and Saudi Arabia to Key EM Bond Index
• Negative Sentiment: Senate Finance Committee Democrats are preparing to scrutinize how JPMorgan executives handled the bank’s ties to Jeffrey Epstein. The prospect of congressional investigation creates reputational and potential legal or compliance risk. Democrats to Probe JPMorgan’s Relationship with Epstein
• Negative Sentiment: Democratic control of Congress could mean more scrutiny of banks and less momentum for financial deregulation, adding uncertainty around the sector’s regulatory outlook. Midterm Election Results: What’s Ahead for Financial Stocks?

JPMorgan Chase & Co. Stock Down 4.2%

JPM opened at $337.48 on Friday. The stock has a market capitalization of $897.10 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 1.39 and a beta of 1.03. The company has a fifty day moving average of $342.26 and a two-hundred day moving average of $323.62. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.85 and a current ratio of 0.85. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share for the quarter, missing the consensus estimate of $5.94 by ($0.19). JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The business had revenue of $50.17 billion for the quarter, compared to analyst estimates of $51.23 billion. During the same period in the previous year, the company earned $5.07 earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, research analysts expect that JPMorgan Chase & Co. will post 23.95 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, October 31st. Investors of record on Tuesday, October 6th were given a dividend of $1.65 per share. The ex-dividend date was Tuesday, October 6th. 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%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.68%.

JPMorgan Chase & Co. Company 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.