Financial Consulate Inc. Acquires New Shares in JPMorgan Chase & Co. $JPM

Financial Consulate Inc. bought a new position in JPMorgan Chase & Co. (NYSE:JPM) in the third quarter, HoldingsChannel reports. The institutional investor bought 5,511 shares of the financial services provider’s stock, valued at approximately $1,738,000.

Several other hedge funds have also recently modified their holdings of the business. Harbor Asset Planning Inc. purchased a new position in JPMorgan Chase & Co. in the 2nd quarter worth about $26,000. Mizuho Securities Co. Ltd. grew its stake in shares of JPMorgan Chase & Co. by 450.0% in the second quarter. Mizuho Securities Co. Ltd. now owns 110 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 90 shares during the period. Family Legacy Financial Solutions LLC grew its stake in shares of JPMorgan Chase & Co. by 92.6% in the third quarter. Family Legacy Financial Solutions LLC now owns 104 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 50 shares during the period. Ryan Investment Management Inc. purchased a new position in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $37,000. Finally, Christopher J. Hasenberg Inc lifted its position in JPMorgan Chase & Co. by 212.0% during the second quarter. Christopher J. Hasenberg Inc now owns 156 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 106 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 2.2%

JPM stock opened at $327.09 on Thursday. The business’s 50-day moving average price is $314.48 and its 200-day moving average price is $303.73. The stock has a market cap of $890.42 billion, a P/E ratio of 16.20, a PEG ratio of 1.65 and a beta of 1.07. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $337.25.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The company had revenue of $47.12 billion for the quarter, compared to analysts’ expectations of $44.42 billion. During the same quarter last year, the business earned $4.37 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Tuesday, January 6th will be paid a dividend of $1.50 per share. The ex-dividend date is Tuesday, January 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. JPMorgan Chase & Co.’s payout ratio is 29.72%.

Insiders Place Their Bets

In related news, insider Robin Leopold sold 966 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $311.92, for a total value of $301,314.72. Following the completion of the transaction, the insider owned 58,479 shares of the company’s stock, valued at approximately $18,240,769.68. This represents a 1.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. News Roundup

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

• Positive Sentiment: Chase will become the new issuer of the Apple Card in a deal reported and confirmed today — a multi-year consumer-deposit and credit relationship that should boost card loans, interchange revenue and deposits over time. This is a clear revenue/scale positive for JPM’s consumer franchise. Chase to become new issuer of Apple Card
• Positive Sentiment: Wall Street bullishness and price-target increases are supporting the stock — several analysts have raised targets and reiterated buy/outperform views ahead of JPM’s Jan. 13 earnings, reinforcing the view that the bank’s profitability and capital position remain strong. Analyst Says JPMorgan Trading At A Discount
• Positive Sentiment: JPMorgan named Sri Kosaraju global chair of investment banking to bolster its healthcare vertical — a senior hire that signals focus on growth in advisory and healthcare M&A, an area that can generate higher-fee revenue. JPMorgan appoints Sri Kosaraju as global chair of investment banking
• Neutral Sentiment: JPMorgan Asset Management has cut ties with external proxy-advisory firms and will use an internal AI system to aggregate and analyze proxy votes. The move highlights JPM’s push to automate and control governance workflows — potential cost and control benefits, but with reputational and implementation risks that investors will watch. JPMorgan’s asset management will no longer use controversial proxy advisors
• Negative Sentiment: Short-term sell pressure and options activity: data aggregators reported notable intraday selling and heavy call/option flows, and Quiver flagged the stock trading down with elevated volume — these flows can amplify intraday declines. $JPM stock is down 3% today
• Negative Sentiment: Some sell-side model updates trimmed near-term EPS forecasts (Zacks and others lowered quarterly/yearly estimates), which can weigh on sentiment heading into the January earnings print. This makes the upcoming Q4 report a focal point for risk. (See Zacks research commentary for estimate changes.)

Analysts Set New Price Targets

JPM has been the subject of a number of research analyst reports. UBS Group lifted their target price on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Piper Sandler raised their price target on JPMorgan Chase & Co. from $332.00 to $336.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. Truist Financial lifted their price objective on JPMorgan Chase & Co. from $330.00 to $331.00 and gave the stock a “hold” rating in a report on Tuesday. The Goldman Sachs Group upped their price objective on JPMorgan Chase & Co. from $354.00 to $386.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Zacks Research cut JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Fourteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $333.90.

About JPMorgan Chase & Co.

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.