Evanson Financial LLC Buys New Stake in JPMorgan Chase & Co. $JPM

Evanson Financial LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,623 shares of the financial services provider’s stock, valued at approximately $1,513,000.

A number of other large investors also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 7.9% during the 4th quarter. Fidelis Capital Partners LLC now owns 70,077 shares of the financial services provider’s stock worth $22,580,000 after purchasing an additional 5,101 shares during the last quarter. Howard Capital Management Inc. increased its holdings in JPMorgan Chase & Co. by 18.2% in the fourth quarter. Howard Capital Management Inc. now owns 25,784 shares of the financial services provider’s stock valued at $8,308,000 after buying an additional 3,976 shares during the last quarter. Newbridge Financial Services Group Inc. raised its stake in JPMorgan Chase & Co. by 51.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 8,883 shares of the financial services provider’s stock valued at $2,862,000 after buying an additional 3,027 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services raised its stake in JPMorgan Chase & Co. by 18.7% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 41,218 shares of the financial services provider’s stock valued at $12,125,000 after buying an additional 6,492 shares in the last quarter. Finally, Brighton Jones LLC lifted its holdings in JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after buying an additional 4,841 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $356.29 on Friday. The company has a fifty day moving average of $333.16 and a two-hundred day moving average of $313.09. The company has a market capitalization of $954.68 billion, a PE ratio of 15.27, a P/E/G ratio of 1.48 and a beta of 0.99. JPMorgan Chase & Co. has a 1 year low of $279.10 and a 1 year high of $363.00. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.86.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Monday, July 6th were given a $1.50 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. JPMorgan Chase & Co.’s dividend payout ratio is 25.71%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Royal Bank Of Canada upped their price objective on JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Citigroup raised their target price on JPMorgan Chase & Co. from $325.00 to $360.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. 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 report on Wednesday, July 15th. Weiss Ratings raised JPMorgan Chase & Co. from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday. Finally, Barclays increased their price target on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average price target of $359.33.

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: Payments expansion: JPMorgan Payments’ U.S. Commerce Platform now offers Klarna’s pay-in-full, installment and financing options without requiring merchants to complete a separate integration. The partnership could improve merchant adoption, transaction volumes and fee revenue. Klarna Goes Live With J.P. Morgan Payments
• Positive Sentiment: New asset-management product: J.P. Morgan Asset Management launched the JLVP active ETF, which combines a value-oriented large-cap portfolio with a limited short position. The product broadens JPMorgan’s fee-generating investment lineup, although the near-term earnings impact is likely limited. JPMorgan’s New JLVP ETF
• Neutral Sentiment: Regulatory filing: JPMorgan filed its Form 10-Q for the quarter ended June 30 with the SEC. The filing is a required disclosure, and the announcement provided no new financial details or outlook changes. JPMorganChase Files Form 10-Q
• Neutral Sentiment: Reports that JPMorgan reduced or exited substantial-holder positions in Cochlear and Hexagon Composites concern investment holdings and do not indicate a change in JPMorgan’s operating outlook. JPMorgan exits substantial holder position in Cochlear
• Negative Sentiment: Macro and market-risk concerns: Dimon said margin debt is at a record level and that leverage embedded in hedge funds, prime brokerages and leveraged ETFs could amplify volatility. He also cautioned that heavy AI-related capital spending, fiscal deficits and military expenditures may keep inflation elevated, potentially sustaining higher interest rates. Jamie Dimon warns of high leverage
• Negative Sentiment: Sector pressure: Financial stocks traded lower during the afternoon, creating a broad-market drag on JPMorgan independent of company-specific news. Sector Update: Financial Stocks Softer

Insider Activity

In related news, General Counsel Stacey Friedman sold 5,467 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the transaction, the general counsel owned 40,961 shares in the company, valued at $13,547,031.53. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.