JPMorgan Chase & Co. $JPM Stock: Provenance Wealth Advisors LLC Raises Holdings

Provenance Wealth Advisors LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 1,775.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 27,370 shares of the financial services provider’s stock after purchasing an additional 25,911 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.5% of Provenance Wealth Advisors LLC’s holdings, making the stock its 26th biggest holding. Provenance Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $9,055,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in JPM. Concorde Asset Management LLC boosted its position in JPMorgan Chase & Co. by 1.1% in the second quarter. Concorde Asset Management LLC now owns 2,660 shares of the financial services provider’s stock valued at $871,000 after buying an additional 29 shares in the last quarter. Elevation Wealth Management LLC boosted its holdings 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 valued at $1,006,000 after acquiring an additional 29 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.8% in 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 purchasing an additional 29 shares during the last quarter. Arkansas Financial Group Inc. grew its holdings in JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Arkansas Financial Group Inc. now owns 2,667 shares of the financial services provider’s stock worth $873,000 after acquiring an additional 30 shares during the period. Finally, Flynn Zito Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 1.1% in the second quarter. Flynn Zito Capital Management LLC now owns 2,830 shares of the financial services provider’s stock valued at $926,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM opened at $334.67 on Monday. 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 52-week low of $279.10 and a 52-week high of $366.50. The firm has a market cap of $888.75 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 1.32 and a beta of 1.03. The business’s fifty day moving average is $341.87 and its 200-day moving average is $323.78.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, October 13th. The financial services provider reported $5.75 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 firm had revenue of $50.17 billion during the quarter, compared to analyst estimates of $51.23 billion. During the same quarter in the previous year, the firm posted $5.07 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 8.1% compared to the same quarter last year. Sell-side analysts expect that JPMorgan Chase & Co. will post 23.95 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th were issued a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend was Tuesday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Weiss Ratings downgraded shares of JPMorgan Chase & Co. from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, October 23rd. Morgan Stanley boosted their target price on 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. Truist Financial upped their target price on JPMorgan Chase & Co. from $352.00 to $361.00 and gave the stock a “hold” rating in a report on Wednesday, October 14th. TD Cowen assumed coverage on JPMorgan Chase & Co. in a report on Thursday, October 8th. They set a “hold” rating and a $370.00 price target for the company. Finally, Citigroup decreased their price objective on shares of JPMorgan Chase & Co. from $360.00 to $350.00 and set a “neutral” rating on the stock in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $368.33.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total value of $882,025.00. Following the sale, the insider owned 71,047 shares in the company, valued at $25,066,092.07. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by insiders.

JPMorgan Chase & Co. News Roundup

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

• Positive Sentiment: JPMorgan’s disciplined duration management and stable deposits may help protect its balance sheet if rates remain high. However, funding costs and regulatory exposure are still risks. JPM Flags Higher Rate Risks: Can Its Balance Sheet Stay Resilient?
• Positive Sentiment: ETFs bought about $65.6 million of JPM shares on Nov. 4, a supportive demand signal, though one day of flows may not indicate a lasting trend. 42 ETFs Add to JPMorgan Chase (JPM) on Nov. 4
• Neutral Sentiment: JPMorgan’s M&A chief expects a softer 2027, but suggested private-equity firms may eventually need to sell assets, potentially improving exit activity. JPMorgan’s M&A chief sees softer 2027—but a potential upside surprise in private equity exits
• Negative Sentiment: Senate Finance Committee Democrats plan to scrutinize JPMorgan’s relationship with Epstein and how senior executives handled it. The probe could prolong reputational and regulatory uncertainty; the reports do not establish wrongdoing. Democrats to probe JPMorgan’s relationship with Epstein when they take Senate control

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a global financial services company serving consumers, businesses, institutional clients and governments. Its operations include consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management.

The company offers services such as deposit accounts, credit cards, mortgages, auto financing, lending, payment processing and investment advice. It also provides institutional clients with investment banking, markets, treasury and securities services, and commercial lending.

Headquartered in New York City, JPMorgan Chase serves customers across the United States and operates in many international markets.