Perigon Wealth Management Adds 7,427 JPMorgan Chase Shares, Raising Stake to 131,018

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Perigon Wealth Management LLC increased its holding in JPMorgan Chase & Co. by 6.0% in Q3, purchasing 7,427 additional shares to reach a total of 131,018 shares valued at $41.3 million. Institutional investors now own 71.55% of the bank’s shares following this filing.

1. Institutional Investors Ramp Up JPMorgan Stakes

In the third quarter, Norris Perne & French LLP MI boosted its position in JPMorgan Chase & Co. by 69.6%, acquiring an additional 7,624 shares to reach a total holding of 18,572 shares valued at $5.858 million. Several other asset managers also made incremental adjustments: Peterson Wealth Advisors added 33 shares (1.6% increase), TradeWell Securities purchased 34 shares (0.3% increase), Sharkey Howes & Javer acquired 34 shares (1.9% increase), JFS Wealth Advisors bought 35 shares (0.4% increase), and Cottonwood Capital Advisors added 35 shares (0.9% increase). As of the latest filings, institutional and hedge fund ownership stands at 71.55% of the outstanding shares.

2. Insider Sell-Down by Long-Tenured Executive

Robin Leopold, a senior executive at JPMorgan Chase & Co., sold 966 shares on November 7, reducing her stake by approximately 1.6%. The disposition generated proceeds of roughly $301,000 and lowered her direct ownership to 58,479 shares, representing 0.47% of the company’s outstanding stock following the transaction.

3. Third-Quarter Earnings Exceed Expectations

In its most recent quarterly report, JPMorgan Chase & Co. delivered earnings per share of $5.07, topping analysts’ consensus of $4.83 by 5%. Revenue for the period reached $47.12 billion, outpacing the projected $44.42 billion and marking an 8.8% year-over-year increase. The bank posted a net margin of 20.9% and reported a return on equity of 17.18%, underscoring ongoing efficiency improvements across its core businesses.

4. Dividend Policy and Analyst Consensus

The firm declared a quarterly dividend of $1.50 per share, payable January 31, with a record date of January 6. This payout translates to an annualized yield of approximately 1.8% and a dividend-to-earnings ratio of 29.7%. Among 27 analysts covering the stock, 15 maintain buy ratings, nine assign hold ratings and three recommend sell; the consensus price target stands at $329.19, reflecting a balanced market view on the shares’ near-term upside potential.

Sources

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