Boston Trust Walden Corp Sells 48,775 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Boston Trust Walden cut its JPMorgan stake by 6.7%, selling 48,775 shares in the third quarter. It still held 677,766 shares, valued at about $224.2 million.
• JPMorgan reported quarterly EPS of $5.75, below the $5.94 consensus estimate, and revenue of $50.17 billion, also short of estimates; revenue nevertheless rose 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 dividend and a 1.9% yield.

Boston Trust Walden Corp lessened its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 677,766 shares of the financial services provider's stock after selling 48,775 shares during the period. JPMorgan Chase & Co. comprises approximately 1.8% of Boston Trust Walden Corp's holdings, making the stock its 6th biggest holding. Boston Trust Walden Corp's holdings in JPMorgan Chase & Co. were worth $224,225,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted 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 raised 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 raised its position in shares of JPMorgan Chase & Co. by 2.6% during 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 purchasing an additional 540,362 shares during the period. Dimensional Fund Advisors LP raised its holdings in JPMorgan Chase & Co. by 3.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 18,968,884 shares of the financial services provider's stock worth $5,578,788,000 after buying an additional 607,288 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in JPMorgan Chase & Co. by 0.7% during the 2nd 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 buying an additional 134,634 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $341.95 on Tuesday. JPMorgan Chase & Co. has a 52-week low of $279.10 and a 52-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. The business's 50 day moving average price is $341.56 and its two-hundred day moving average price is $323.98. The firm has a market cap of $908.09 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 1.39 and a beta of 1.03.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced 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). The company had revenue of $50.17 billion for the quarter, compared to analyst estimates of $51.23 billion. JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The business's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business earned $5.07 EPS. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 23.95 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Investors of record on Tuesday, October 6th were paid a dividend of $1.65 per share. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, October 6th. JPMorgan Chase & Co.'s payout ratio is currently 27.68%.

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: IPO activity lifted investment-bank sentiment. JPMorgan shares were among the large bank stocks gaining as investors focused on banks’ opportunity to earn fees from a coming wave of major IPOs. This is a near-term tailwind, though the article does not identify a specific JPMorgan mandate. Article: Morgan Stanley Climbs 4% on Vinyl Equity Deal to Capture IPO Wealth; Goldman Sachs Rises 5%, JPMorgan Gains 2%
• Neutral Sentiment: Shareholding disclosures appear to be secondary. JPMorgan and affiliates ceased to be substantial holders of Liontown, while a separate filing disclosed a 6.884% stake in BlueNord. These notices concern JPMorgan’s investment holdings and provide little direct information about its operating outlook. Article: JPMorgan Chase and Affiliates Cease to Be Substantial Holders of Liontown Article: JPMorgan Chase Discloses 6.884% Stake in BlueNord
• Negative Sentiment: Potential 2027 M&A slowdown could weigh on advisory fees. JPMorgan expects deal activity to moderate, which may pressure investment-banking revenue; more private-equity exits could partly offset that risk. Article: JPM Expects M&A Slowdown in 2027: Can Private Equity Exits Offset?
• Negative Sentiment: Reported ETF selling may signal some investor outflows. ETFs were net sellers of $144.5 million of JPMorgan shares on Nov. 5. This is a dated flow datapoint, not evidence by itself of a lasting change in sentiment. Article: ETFs Are Net Sellers of JPMorgan Chase (JPM) on Nov. 5

Wall Street Analyst Weigh In

JPM has been the subject of several recent research reports. Zacks Research cut JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. Morgan Stanley boosted their price target on JPMorgan Chase & Co. from $370.00 to $377.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 14th. Jefferies Financial Group reissued a "neutral" rating on shares of JPMorgan Chase & Co. in a research report on Friday, September 25th. Weiss Ratings cut JPMorgan Chase & Co. from a "buy (a-)" rating to a "buy (b+)" rating in a report on Friday, October 23rd. Finally, Robert W. Baird boosted their price objective on shares of JPMorgan Chase & Co. from $305.00 to $312.00 and gave the company a "neutral" rating in a report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $368.33.

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 on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total value of $882,025.00. Following the completion of the sale, the insider directly 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 document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by corporate insiders.

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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