7,037 JPMorgan Chase & Co. $JPM Shares Acquired by Pzena Investment Management LLC

Pzena Investment Management LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.1% during the third quarter, Holdings Channel reports. The institutional investor owned 341,131 shares of the financial services provider’s stock after acquiring an additional 7,037 shares during the period. Pzena Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $112,856,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp raised its stake in shares of JPMorgan Chase & Co. by 0.8% in the 2nd quarter. State Street Corp now owns 125,209,293 shares of the financial services provider’s stock worth $40,984,758,000 after buying an additional 932,632 shares in the last quarter. Bank of America Corp DE lifted its holdings in JPMorgan Chase & Co. by 6.1% in the 2nd quarter. Bank of America Corp DE now owns 69,666,753 shares of the financial services provider’s stock valued at $22,804,018,000 after acquiring an additional 4,006,293 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of JPMorgan Chase & Co. by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 21,642,804 shares of the financial services provider’s stock valued at $7,084,339,000 after purchasing an additional 540,362 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of JPMorgan Chase & Co. by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 18,968,884 shares of the financial services provider’s stock worth $5,578,788,000 after purchasing an additional 607,288 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in JPMorgan Chase & Co. by 0.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,833,413 shares of the financial services provider’s stock worth $6,164,741,000 after buying an additional 134,634 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: IPO activity lifted investment-bank sentiment. JPMorgan shares were among the large bank stocks gaining as investors focused on banks’ opportunity to earn fees from a coming wave of major IPOs. This is a near-term tailwind, though the article does not identify a specific JPMorgan mandate. Article: Morgan Stanley Climbs 4% on Vinyl Equity Deal to Capture IPO Wealth; Goldman Sachs Rises 5%, JPMorgan Gains 2%
• Neutral Sentiment: Shareholding disclosures appear to be secondary. JPMorgan and affiliates ceased to be substantial holders of Liontown, while a separate filing disclosed a 6.884% stake in BlueNord. These notices concern JPMorgan’s investment holdings and provide little direct information about its operating outlook. Article: JPMorgan Chase and Affiliates Cease to Be Substantial Holders of Liontown Article: JPMorgan Chase Discloses 6.884% Stake in BlueNord
• Negative Sentiment: Potential 2027 M&A slowdown could weigh on advisory fees. JPMorgan expects deal activity to moderate, which may pressure investment-banking revenue; more private-equity exits could partly offset that risk. Article: JPM Expects M&A Slowdown in 2027: Can Private Equity Exits Offset?
• Negative Sentiment: Reported ETF selling may signal some investor outflows. ETFs were net sellers of $144.5 million of JPMorgan shares on Nov. 5. This is a dated flow datapoint, not evidence by itself of a lasting change in sentiment. Article: ETFs Are Net Sellers of JPMorgan Chase (JPM) on Nov. 5

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Royal Bank Of Canada restated an “outperform” rating and set a $370.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, October 14th. Jefferies Financial Group reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, September 25th. Zacks Research cut shares of 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 research report on Thursday, October 8th. They issued a “hold” rating and a $370.00 price target for the company. Finally, Truist Financial upped their price objective on shares of JPMorgan Chase & Co. from $352.00 to $361.00 and gave the stock a “hold” rating in a report on Wednesday, October 14th. One investment 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $368.33.

Insider Activity at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the 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 sale, the insider owned 71,047 shares in the company, valued at approximately $25,066,092.07. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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. Stock Performance

NYSE:JPM opened at $341.95 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $908.09 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 1.39 and a beta of 1.03. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $366.50. The firm has a 50-day moving average price of $341.56 and a 200 day moving average price of $323.98.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share for the quarter, missing analysts’ consensus estimates 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 company earned $5.07 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. Research analysts anticipate that JPMorgan Chase & Co. will post 23.95 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm 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 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was 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 (DPR) is presently 27.68%.

JPMorgan Chase & Co. 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.