3,686 JPMorgan Chase & Co. $JPM Shares Sold by Clifford Swan Investment Counsel LLC

Key Points

• Clifford Swan Investment Counsel reduced its JPMorgan Chase stake by 2.1%, selling 3,686 shares and retaining 174,259 shares valued at approximately $57.0 million. Institutional investors collectively own 71.55% of the company.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $360.58, although Jefferies recently lowered its target to $365 and kept a Hold rating.
• JPMorgan reported stronger-than-expected quarterly results, with $6.14 in EPS and $58.02 billion in revenue, while increasing its quarterly dividend to $1.65 per share, equivalent to a 1.9% yield.

Clifford Swan Investment Counsel LLC decreased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,259 shares of the financial services provider's stock after selling 3,686 shares during the quarter. JPMorgan Chase & Co. makes up 1.8% of Clifford Swan Investment Counsel LLC's portfolio, making the stock its 8th biggest holding. Clifford Swan Investment Counsel LLC's holdings in JPMorgan Chase & Co. were worth $57,040,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. MBM Wealth Consultants LLC bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at approximately $29,000. Aventus Investment Advisors Inc. purchased a new position in JPMorgan Chase & Co. during the second quarter valued at approximately $33,000. Osbon Capital Management LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $35,000. Turim 21 Investimentos Ltda. bought a new position in shares of JPMorgan Chase & Co. in the first quarter worth approximately $62,000. Finally, Phillip James Consulting Co. purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $64,000. Institutional investors own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on JPM. Jefferies Financial Group decreased their price objective on shares of JPMorgan Chase & Co. from $370.00 to $365.00 and set a "hold" rating on the stock in a research report on Thursday. Truist Financial increased their price target on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the stock a "hold" rating in a research note on Wednesday, July 15th. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $375.00 to $390.00 and gave the company an "overweight" rating in a report on Friday, August 14th. Morgan Stanley restated a "positive" rating and issued a $370.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 15th. Finally, Robert W. Baird upped their price objective on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 15th. Sixteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $360.58.

JPMorgan Chase & Co. Trading Up 1.3%

Shares of JPM opened at $342.99 on Friday. The company's fifty day moving average is $353.76 and its 200 day moving average is $325.46. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $366.50. The stock has a market capitalization of $911.74 billion, a PE ratio of 14.70, a P/E/G ratio of 1.39 and a beta of 0.98. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The business had revenue of $58.02 billion during the quarter, compared to analyst estimates of $50.72 billion. During the same quarter last year, the business earned $4.96 earnings per share. JPMorgan Chase & Co.'s quarterly revenue was up 27.7% compared to the same quarter last year. Sell-side analysts expect that JPMorgan Chase & Co. will post 24.3 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be given a dividend of $1.65 per share. The ex-dividend date is Tuesday, October 6th. This represents a $6.60 annualized dividend and a dividend yield of 1.9%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. JPMorgan Chase & Co.'s dividend payout ratio is currently 25.71%.

Trending Headlines about JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan is exploring a private-credit “second-look” program for credit-card applicants. The initiative could expand approvals and card revenue while using additional underwriting to control losses and limit exposure to riskier borrowers. Can Private Credit Unlock More Growth for JPMorgan’s Card Business?
• Positive Sentiment: A new partnership with Thunes is intended to broaden JPMorgan’s cross-border payments reach across more than 100 corridors, adding local payment methods and faster payouts. This supports growth in the bank’s payments franchise. JPM’s Thunes Partnership
• Positive Sentiment: J.P. Morgan Asset Management and Paraguay announced a $200 million sustainable-forestry investment. The transaction could modestly support JPM’s asset-management and sustainable-investing businesses. Paraguay Sustainable Forestry Investment
• Neutral Sentiment: JPMorgan strategists see as much as $115 billion potentially flowing into Indian equities as investors diversify away from crowded artificial-intelligence trades. The view highlights the bank’s global research and investment-banking franchise but is not a direct earnings forecast for JPM.
• Neutral Sentiment: JPMorgan’s market strategists remain constructive on equities despite higher bond yields, while its analysts continue to promote opportunities in AI infrastructure, REITs and energy. These calls may enhance JPMorgan’s advisory profile but have limited immediate impact on its own shares.
• Negative Sentiment: Jefferies lowered its JPMorgan price target to $365 from $370 and reiterated a Hold rating. The revision signals limited near-term upside after the stock’s strong performance and may weigh on sentiment. Jefferies Adjusts JPMorgan Price Target

Insider Activity at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the completion of the transaction, the insider owned 71,047 shares in the company, valued at approximately $25,066,092.07. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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. Profile

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, payments, investment banking, asset management and wealth management services to consumers, businesses, institutional clients and governments.

The company operates through four primary business areas: Consumer & Community Banking; Commercial & Investment Banking; Asset & Wealth Management; and Corporate. Its offerings include deposit accounts, credit cards, mortgages, auto loans, business banking, commercial lending, treasury services, investment banking, securities trading, investment management and private banking.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across numerous international markets.

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