Sat Sep 28 23:38:55 UTC 2024: ## Susquehanna Boosts JPMorgan Chase Stake, Institutional Investors Remain Bullish

**New York, NY – September 28, 2024** – Susquehanna Fundamental Investments LLC significantly increased its position in financial giant JPMorgan Chase & Co. (NYSE: JPM) during the second quarter, acquiring an additional 126,500 shares, according to HoldingsChannel. This move boosted its stake by 71.4%, making JPMorgan Chase & Co. the largest position in its portfolio at 1.4%.

Susquehanna’s investment in JPMorgan Chase & Co. now totals 303,656 shares, valued at $61,417,000 as of the most recent SEC filing. The firm’s confidence in the financial services provider is mirrored by other institutional investors and hedge funds, who collectively own 71.55% of the company’s stock.

While other investors have also made changes to their holdings, Susquehanna’s substantial increase stands out. Notably, Retirement Group LLC boosted its position by 227.1% during the first quarter. Additionally, Fairway Wealth LLC, Richardson Capital Management LLC, Anfield Capital Management LLC, and Davidson Capital Management Inc. acquired new positions in JPMorgan Chase & Co. during the first and second quarters, demonstrating a continued interest in the company.

JPMorgan Chase & Co. shares opened at $210.40 on Friday, with a market capitalization of $598.62 billion. The company recently announced a quarterly dividend of $1.25 per share, representing a 2.38% yield, a slight increase from the previous quarter.

Several brokerages have issued reports on JPMorgan Chase & Co. in recent months, with mixed opinions. While some analysts, like Evercore ISI, have raised their price targets and maintained positive ratings, others, like Wolfe Research, have downgraded the stock. Overall, the consensus among analysts is a “Moderate Buy” with an average target price of $211.06.

JPMorgan Chase & Co. remains a prominent player in the financial services industry, operating globally across four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The company continues to offer a diverse range of products and services to consumers, businesses, and institutions worldwide.

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