Norris Perne & French LLP MI Boosts JPMorgan Stake 69.6% to 18,572 Shares Worth $5.86M

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Norris Perne & French LLP MI increased its JPMorgan Chase & Co. holdings by 69.6% in the third quarter, purchasing an additional 7,624 shares to reach a total of 18,572 shares. The fund’s position in the bank was valued at $5.86 million as of the latest SEC 13F filing.

1. Institutional Ownership Shifts Highlight Confidence

Norris Perne & French LLP MI boosted its JPMorgan Chase & Co. stake by 69.6% in the third quarter, adding 7,624 shares to reach 18,572 shares valued at $5.858 million. Smaller reallocations by Peterson Wealth Advisors, TradeWell Securities, Sharkey Howes & Javer and Cottonwood Capital Advisors collectively adjusted holdings by single‐digit percentages, reflecting ongoing portfolio tuning. Overall, institutional investors and hedge funds now hold approximately 71.6% of outstanding shares, underscoring broad confidence in JPMorgan’s long‐term prospects.

2. Third‐Quarter Results Exceed Street Estimates

For the quarter ended October 14, JPMorgan reported earnings per share of $5.07, beating the consensus forecast of $4.83 by roughly 5%. Revenue climbed 8.8% year‐over‐year to $47.12 billion, topping analysts’ $44.42 billion estimate. Return on equity reached 17.18% and net margin stood at 20.9%, driven by strength in corporate & investment banking and asset & wealth management segments.

3. Dividend Hike and Payout Profile Support Income Investors

The board declared a quarterly dividend of $1.50 per share, payable January 31 to shareholders of record January 6. The annualized payout of $6.00 represents a yield of 1.8% on the current share count, with a dividend payout ratio of 29.72%. This consistent cash return underscores JPMorgan’s commitment to shareholder distributions alongside capital returns through share repurchases.

4. Analyst Ratings and Price Targets Reflect Varied Outlooks

Among 27 analysts covering JPMorgan Chase & Co., 15 maintain buy ratings, nine hold and three recommend sell. Goldman Sachs recently adjusted its objective modestly downward, while UBS lifted its target following robust earnings. The consensus price target stands near $329, indicating roughly flat upside potential from current levels and suggesting the market is pricing in a moderate earnings trajectory for 2026.

Sources

DDB