5,154 JPMorgan Chase & Co. $JPM Shares Sold by Commonwealth Financial Services LLC

Key Points

• Commonwealth Financial Services LLC cut its JPMorgan stake by 26.9% in the third quarter, selling 5,154 shares and retaining 14,017 shares valued at approximately $4.64 million. Institutional investors collectively own 71.55% of the company.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $368.10, despite mixed ratings ranging from “Strong Buy” to “Hold.”
• JPMorgan’s latest quarterly results missed consensus estimates for both EPS and revenue, although revenue grew 8.1% year over year; the bank also raised its quarterly dividend from $1.50 to $1.65 per share.

Commonwealth Financial Services LLC decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 26.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,017 shares of the financial services provider's stock after selling 5,154 shares during the quarter. JPMorgan Chase & Co. comprises 0.8% of Commonwealth Financial Services LLC's holdings, making the stock its 24th biggest position. Commonwealth Financial Services LLC's holdings in JPMorgan Chase & Co. were worth $4,637,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Ballast Inc. boosted its holdings in JPMorgan Chase & Co. by 5.1% in the third quarter. Ballast Inc. now owns 16,626 shares of the financial services provider's stock valued at $5,500,000 after purchasing an additional 809 shares during the last quarter. Invenio Wealth Partners LLC grew its position in JPMorgan Chase & Co. by 3.5% during the 3rd quarter. Invenio Wealth Partners LLC now owns 3,831 shares of the financial services provider's stock worth $1,267,000 after purchasing an additional 129 shares during the period. Net Worth Advisory Group raised its stake in shares of JPMorgan Chase & Co. by 25.1% during the 3rd quarter. Net Worth Advisory Group now owns 10,238 shares of the financial services provider's stock valued at $3,411,000 after buying an additional 2,051 shares during the last quarter. Boyd Wealth Management LLC raised its stake in shares of JPMorgan Chase & Co. by 2.1% during the 3rd quarter. Boyd Wealth Management LLC now owns 1,641 shares of the financial services provider's stock valued at $543,000 after buying an additional 33 shares during the last quarter. Finally, Vision Capital Management Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 20.4% in the 3rd quarter. Vision Capital Management Inc. now owns 13,685 shares of the financial services provider's stock valued at $4,527,000 after buying an additional 2,323 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the sale, the insider directly owned 71,047 shares of the company's stock, valued at approximately $25,066,092.07. This trade 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

JPM has been the topic of a number of recent research reports. The Goldman Sachs Group restated an "outperform" rating and issued a $392.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 13th. UBS Group reduced their price target on JPMorgan Chase & Co. from $400.00 to $395.00 and set a "buy" rating for the company in a research report on Monday, October 5th. Wells Fargo & Company boosted 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. Bank of America boosted their price target on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a "buy" rating in a report on Thursday, July 16th. Finally, TD Cowen initiated coverage on JPMorgan Chase & Co. in a research report on Thursday, October 8th. They issued a "hold" rating and a $370.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $368.10.

JPMorgan Chase & Co. Stock Up 0.4%

JPM opened at $336.43 on Friday. The company has a fifty day moving average of $346.03 and a two-hundred day moving average of $331.70. The stock has a market capitalization of $894.28 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 1.32 and a beta of 1.02. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $366.50. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.85 and a current ratio of 0.85.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.94 by ($0.19). JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The firm had revenue of $50.17 billion for the quarter, compared to analysts' expectations of $51.23 billion. During the same period in the previous year, the company earned $5.07 earnings per share. The company's revenue was up 8.1% compared to the same quarter last year. On average, research analysts expect that JPMorgan Chase & Co. will post 23.99 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be given a dividend of $1.65 per share. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.68%.

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan expanded its USD-backed JPM Coin to the public Ethereum mainnet, allowing institutional clients to make on-chain dollar transfers with faster settlement and 24/7 availability. The move could broaden adoption of JPMorgan’s payment infrastructure and strengthen its competitive position in institutional digital assets. JPMorgan Chase Takes JPM Coin to Ethereum for Institutional Payments
• Positive Sentiment: J.P. Morgan Asset Management made its tokenized money-market funds available on Solana for qualified U.S. investors. Multi-chain distribution could expand assets on the firm’s on-chain platform and create longer-term fee and deposit opportunities. J.P. Morgan Asset Management Expands Access to Its Tokenized Money Market Funds on Solana
• Positive Sentiment: JPMorgan, Goldman Sachs and Morgan Stanley reportedly captured nearly 80% of the top-five banks’ equity-trading revenue this year, with activity boosted by institutional demand for leveraged artificial-intelligence trades. Strong trading revenue is a favorable catalyst for JPM’s markets business. Goldman Sachs, JPMorgan and Morgan Stanley are dominating the AI stock boom
• Positive Sentiment: JPMorgan’s dividend and balance-sheet profile were highlighted favorably among major U.S. banks, reinforcing its reputation as a well-capitalized income investment. These 4 Big Banks Pay Similar Dividends
• Neutral Sentiment: JPMorgan Asset Management forecast a 10% annualized return for Bitcoin over the next 10–15 years, but its 55% volatility means Bitcoin is not being included in the firm’s core portfolio models. The forecast enhances JPM’s digital-assets profile but is not a direct earnings catalyst. JPMorgan Puts a Number on Bitcoin for the First Time
• Negative Sentiment: The bank’s latest quarterly results missed consensus estimates for both earnings per share and revenue, despite year-over-year growth. That performance remains a potential overhang, particularly with the stock trading below its 50-day moving average.

About JPMorgan Chase & Co.

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

Its major business segments include Consumer & Community Banking, which offers deposit accounts, credit cards, mortgages, auto loans and other financial products; Commercial & Investment Banking, which provides corporate lending, advisory, underwriting, trading, treasury and payments services; and Asset & Wealth Management, which serves individual and institutional investors with investment management, brokerage and related advisory services.

JPMorgan Chase serves customers in the United States and operates internationally through offices and businesses in major financial centers around the world.

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