5,740 JPMorgan Chase & Co. $JPM Shares Sold by Coerente Capital Management

Key Points

• Coerente Capital Management cut its JPMorgan stake by 13.9%, selling 5,740 shares in the third quarter. It retained 35,533 shares valued at about $11.8 million.
• JPMorgan reported quarterly EPS of $5.75, below the $5.94 consensus, and revenue of $50.17 billion, also short of expectations; revenue nevertheless grew 8.1% year over year.
• The bank increased its quarterly dividend from $1.50 to $1.65 per share, equivalent to an annualized $6.60 and a 2.0% yield.

Coerente Capital Management decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 13.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,533 shares of the financial services provider's stock after selling 5,740 shares during the quarter. JPMorgan Chase & Co. comprises 2.1% of Coerente Capital Management's holdings, making the stock its 20th largest position. Coerente Capital Management's holdings in JPMorgan Chase & Co. were worth $11,755,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp lifted its stake in shares of JPMorgan Chase & Co. by 0.8% in the 2nd quarter. State Street Corp now owns 125,209,293 shares of the financial services provider's stock valued at $40,984,758,000 after purchasing an additional 932,632 shares during the last quarter. Bank of America Corp DE increased its stake in JPMorgan Chase & Co. by 6.1% during the 2nd quarter. Bank of America Corp DE now owns 69,666,753 shares of the financial services provider's stock worth $22,804,018,000 after buying an additional 4,006,293 shares during the period. Bank of New York Mellon Corp grew its stake in shares of JPMorgan Chase & Co. by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 21,642,804 shares of the financial services provider's stock worth $7,084,339,000 after acquiring an additional 540,362 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of JPMorgan Chase & Co. by 0.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,833,413 shares of the financial services provider's stock worth $6,164,741,000 after acquiring an additional 134,634 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of JPMorgan Chase & Co. by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 18,968,884 shares of the financial services provider's stock worth $5,578,788,000 after acquiring an additional 607,288 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $334.67 on Friday. The stock has a market capitalization of $888.75 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 1.32 and a beta of 1.03. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $366.50. The firm's fifty day simple moving average is $341.87 and its 200-day simple moving average is $323.78. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.85.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, October 13th. The financial services provider reported $5.75 EPS for the quarter, missing the consensus estimate 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 company had revenue of $50.17 billion for the quarter, compared to analysts' expectations of $51.23 billion. During the same period in the prior year, the company earned $5.07 earnings per share. The firm's revenue was up 8.1% on a year-over-year basis. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 23.95 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

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

Analyst Ratings Changes

A number of research firms have issued reports on JPM. Weiss Ratings lowered JPMorgan Chase & Co. from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Friday, October 23rd. Zacks Research lowered shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 14th. Truist Financial raised their target price on shares of JPMorgan Chase & Co. from $352.00 to $361.00 and gave the company a "hold" rating in a report on Wednesday, October 14th. The Goldman Sachs Group reiterated an "outperform" rating and issued a $392.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 13th. Finally, Citigroup lowered their price target on shares of JPMorgan Chase & Co. from $360.00 to $350.00 and set a "neutral" rating for the company in a report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $368.33.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the stock in a transaction 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 completion of the transaction, the insider owned 71,047 shares in the company, valued at approximately $25,066,092.07. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. News Roundup

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

• Positive Sentiment: JPMorgan’s disciplined duration management and stable deposits may help protect its balance sheet if rates remain high. However, funding costs and regulatory exposure are still risks. JPM Flags Higher Rate Risks: Can Its Balance Sheet Stay Resilient?
• Positive Sentiment: ETFs bought about $65.6 million of JPM shares on Nov. 4, a supportive demand signal, though one day of flows may not indicate a lasting trend. 42 ETFs Add to JPMorgan Chase (JPM) on Nov. 4
• Neutral Sentiment: JPMorgan’s M&A chief expects a softer 2027, but suggested private-equity firms may eventually need to sell assets, potentially improving exit activity. JPMorgan’s M&A chief sees softer 2027—but a potential upside surprise in private equity exits
• Negative Sentiment: Senate Finance Committee Democrats plan to scrutinize JPMorgan’s relationship with Epstein and how senior executives handled it. The probe could prolong reputational and regulatory uncertainty; the reports do not establish wrongdoing. Democrats to probe JPMorgan's relationship with Epstein when they take Senate control

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a global financial services company serving consumers, businesses, institutional clients and governments. Its operations include consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management.

The company offers services such as deposit accounts, credit cards, mortgages, auto financing, lending, payment processing and investment advice. It also provides institutional clients with investment banking, markets, treasury and securities services, and commercial lending.

Headquartered in New York City, JPMorgan Chase serves customers across the United States and operates in many international markets.

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