Giverny Capital Inc. Sells 4,422 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Giverny Capital reduced its JPMorgan Chase stake by 8.5% in the second quarter, selling 4,422 shares and retaining 47,876 shares valued at approximately $15.7 million.
• Institutional investors and hedge funds own 71.55% of JPMorgan’s shares, while analysts maintain a “Moderate Buy” consensus with an average price target of $363.29.
• JPMorgan reported stronger-than-expected quarterly results, with $6.14 in EPS and $58.02 billion in revenue, and raised its quarterly dividend from $1.50 to $1.65 per share.

Giverny Capital Inc. trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,876 shares of the financial services provider's stock after selling 4,422 shares during the quarter. Giverny Capital Inc.'s holdings in JPMorgan Chase & Co. were worth $15,671,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in JPM. Bank of America Corp DE lifted its holdings 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 last quarter. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $11,396,496,000. Bank of New York Mellon Corp grew its position in shares of JPMorgan Chase & Co. by 2.6% in the 2nd 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 increased its holdings in shares of JPMorgan Chase & Co. by 0.7% in 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 valued at $6,164,741,000 after acquiring an additional 134,634 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of JPMorgan Chase & Co. by 0.6% in the 4th quarter. Legal & General Group Plc now owns 19,019,564 shares of the financial services provider's stock valued at $6,128,484,000 after acquiring an additional 110,586 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of the company's stock in a transaction dated 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 owned 71,047 shares of the company's stock, valued at $25,066,092.07. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

JPM has been the subject of a number of research reports. Evercore reaffirmed an "outperform" rating and issued a $360.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 6th. Royal Bank Of Canada increased their target price on shares of JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an "outperform" rating in a report on Wednesday, July 15th. Keefe, Bruyette & Woods raised their price target on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 15th. Jefferies Financial Group reaffirmed a "neutral" rating on shares of JPMorgan Chase & Co. in a report on Friday, September 25th. Finally, Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a "buy" rating in a report on Thursday, July 16th. Sixteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and a consensus target price of $363.29.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan’s dividend increase and history of maintaining substantial capital cushions continue to support its appeal as a relatively defensive income stock, particularly compared with other large banks. JPM vs. BAC: The Bank Built to Sustain Dividend Growth When Markets Turn
• Positive Sentiment: The bank is participating in an Nvidia collaboration focused on securing AI agents through tools designed to control and monitor their actions. JPMorgan and Citi are also exploring shared AI technologies for banking workflows, reinforcing the bank’s technology-investment narrative. JPMorgan Chase Stock: AI Collaboration Gains Attention Amid Market Pressure
• Neutral Sentiment: JPMorgan’s market-intelligence team has shifted back to a more constructive view on technology stocks, citing steadier bond markets and lower oil prices. This may support trading and investment-banking activity, but it does not directly change JPMorgan’s near-term earnings outlook. JPMorgan Market Intelligence Desk Goes Bullish on Tech Stocks
• Negative Sentiment: Shares fell below their 50-day simple moving average, a technical breakdown that signals deteriorating near-term momentum and can encourage additional selling by technically oriented investors. JPMorgan Trades Below 50-Day SMA: Buy, Sell or Hold the Stock?
• Negative Sentiment: Valuation concerns remain as JPMorgan trades above an estimated fair-value measure, limiting enthusiasm despite its strong fundamentals. Investors are also weighing elevated market valuations and the possibility of additional Federal Reserve rate hikes if inflation stays persistent. J.P. Morgan Sees Fed Rate Hikes Going Out With a Bang This Year

JPMorgan Chase & Co. Stock Down 1.1%

JPMorgan Chase & Co. stock opened at $331.37 on Thursday. The firm has a market capitalization of $880.83 billion, a P/E ratio of 14.20, a P/E/G ratio of 1.38 and a beta of 0.98. The company has a 50-day simple moving average of $353.18 and a 200-day simple moving average of $326.73. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $366.50. 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 posted its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $58.02 billion during the quarter, compared to analyst estimates of $50.72 billion. During the same period in the previous year, the business posted $4.96 EPS. JPMorgan Chase & Co.'s revenue was up 27.7% on a year-over-year basis. As a group, equities analysts expect that JPMorgan Chase & Co. will post 24.33 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Tuesday, October 6th will be paid 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 dividend yield of 2.0%. The ex-dividend date is Tuesday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 25.71%.

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, investment banking, asset management, private banking, commercial banking, consumer lending and payment services to individuals, businesses, institutions and governments.

The company operates through major business areas that include Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management. Its products and services include deposit accounts, credit cards, mortgages, auto loans, business financing, investment and advisory services, securities trading and custody, payment processing, and wealth-management solutions.

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

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