57,078 JPMorgan Chase & Co. $JPM Shares Sold by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management cut its JPMorgan stake by 41.8% in the third quarter, selling 57,078 shares and retaining 79,512 shares valued at approximately $26.3 million. Institutional investors collectively own 71.55% of the company.
• JPMorgan’s latest quarterly results missed expectations, with EPS of $5.75 versus the $5.94 consensus and revenue of $50.17 billion versus $51.23 billion expected. The stock opened at $331.82, down 1.4%, while analysts maintained a “Moderate Buy” consensus and an average price target of $368.10.
• The company increased its quarterly dividend to $1.65 per share from $1.50, equivalent to an annualized dividend of $6.60 and a 2.0% yield.

Axxcess Wealth Management LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 41.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,512 shares of the financial services provider's stock after selling 57,078 shares during the period. JPMorgan Chase & Co. makes up 1.1% of Axxcess Wealth Management LLC's investment portfolio, making the stock its 13th biggest holding. Axxcess Wealth Management LLC's holdings in JPMorgan Chase & Co. were worth $26,305,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. E Fund Management Co. Ltd. increased its holdings in shares of JPMorgan Chase & Co. by 7.1% in the second quarter. E Fund Management Co. Ltd. now owns 29,956 shares of the financial services provider's stock worth $9,805,000 after buying an additional 1,973 shares during the period. Edmond DE Rothschild Holding S.A. boosted its holdings in JPMorgan Chase & Co. by 4.6% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 343,644 shares of the financial services provider's stock valued at $112,485,000 after acquiring an additional 15,017 shares during the period. Neumann Capital Management LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at about $3,457,000. First National Bank of Mount Dora Trust Investment Services boosted its holdings in JPMorgan Chase & Co. by 18.7% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 41,218 shares of the financial services provider's stock valued at $12,125,000 after acquiring an additional 6,492 shares during the period. Finally, FAS Wealth Partners Inc. boosted its holdings in JPMorgan Chase & Co. by 4.3% during the 1st quarter. FAS Wealth Partners Inc. now owns 43,527 shares of the financial services provider's stock valued at $12,804,000 after acquiring an additional 1,794 shares during the period. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Down 1.4%

NYSE JPM opened at $331.82 on Friday. JPMorgan Chase & Co. has a 1 year low of $279.10 and a 1 year high of $366.50. The stock has a market capitalization of $882.04 billion, a PE ratio of 13.92, a PEG ratio of 1.31 and a beta of 1.02. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.85. The business's 50-day moving average is $345.41 and its 200 day moving average is $331.70.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $5.75 EPS for the quarter, missing analysts' consensus estimates of $5.94 by ($0.19). JPMorgan Chase & Co. had a net margin of 21.85% and a return on equity of 18.48%. The business had revenue of $50.17 billion for the quarter, compared to the consensus estimate of $51.23 billion. During the same period in the previous year, the company earned $5.07 EPS. The company's revenue for the quarter was up 8.1% on a year-over-year basis. Sell-side analysts forecast that JPMorgan Chase & Co. will post 23.97 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

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

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: Digital-assets expansion: J.P. Morgan Asset Management made its MONY and JLTXX tokenized money-market funds available on the Solana blockchain for qualified U.S. investors. The move broadens access to the bank’s onchain platform and could support new fee and asset-gathering opportunities. J.P. Morgan Asset Management Expands Access to Its Tokenized Money Market Funds on Solana
• Positive Sentiment: JPM Coin reaches Ethereum: JPMorgan extended its USD-backed deposit-token payment system to the Ethereum mainnet for institutional clients, enabling potentially faster, always-on settlement. The expansion reinforces JPM’s position in institutional blockchain infrastructure. JPMorgan Chase Takes JPM Coin to Ethereum
• Positive Sentiment: Higher earnings outlook: Erste Group raised its fiscal 2027 EPS estimate for JPM to $25.56 from $25.27, above the current consensus forecast of $23.99. The revision offers support for the long-term earnings story. JPMorgan EPS Estimate Update
• Neutral Sentiment: JPMorgan disclosed stakes exceeding 5% in Panoro Energy, Deep Value Driller and Hexagon Composites. These appear to be investment or custody-related holdings and are not expected to materially affect JPM’s operating results. JPMorgan Ownership Disclosures
• Neutral Sentiment: JPMorgan strategists said hedge-fund positioning has reset and that downside risk for equities may be limited. This could improve market sentiment, but it is not a direct change to JPM’s fundamentals. JPMorgan Strategist Market Outlook
• Negative Sentiment: Average credit-card delinquencies among major issuers, including JPMorgan, increased to 2.6% in September. Although net charge-offs declined, rising delinquency rates could raise concerns about consumer credit costs and future provisions. Credit Card Delinquencies Creep Up
• Negative Sentiment: The recent earnings miss remains an overhang: quarterly EPS of $5.75 fell short of the $5.94 consensus, while revenue also missed estimates. This may be offsetting optimism around digital assets and higher longer-term forecasts.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Truist Financial raised their price target on JPMorgan Chase & Co. from $352.00 to $361.00 and gave the stock a "hold" rating in a research report on Wednesday, October 14th. TD Cowen began coverage on JPMorgan Chase & Co. in a research report on Thursday, October 8th. They issued a "hold" rating and a $370.00 price objective for the company. HSBC increased their price objective on JPMorgan Chase & Co. from $369.00 to $377.00 and gave the company a "hold" rating in a research note on Monday, September 28th. Royal Bank Of Canada reissued an "outperform" rating and set a $370.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 14th. Finally, Citigroup cut their target price on shares of JPMorgan Chase & Co. from $360.00 to $350.00 and set a "neutral" rating on the stock in a report on Thursday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $368.10.

Insider Activity

In other news, insider Robin Leopold sold 2,500 shares of the business'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 transaction of $882,025.00. Following the transaction, the insider directly owned 71,047 shares of the company's stock, valued at approximately $25,066,092.07. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.41% of the company's stock.

JPMorgan Chase & Co. Company Profile

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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