JPMorgan Chase & Co. $JPM Shares Sold by AIA Group Ltd

Key Points

• AIA Group cut its JPMorgan stake by 13.4% in the third quarter, selling 19,172 shares and retaining 123,746 shares valued at about $40.9 million.
• Institutional investors own 71.55% of JPMorgan shares; several firms recently initiated or expanded positions, including Torren Management, which increased its stake by 28.2%.
• JPMorgan’s latest quarterly earnings fell short of estimates, with EPS of $5.75 versus $5.94 expected and revenue of $50.17 billion versus $51.23 billion expected, though revenue rose 8.1% year over year. The company raised its quarterly dividend to $1.65 per share.

AIA Group Ltd trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 13.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,746 shares of the financial services provider's stock after selling 19,172 shares during the period. AIA Group Ltd's holdings in JPMorgan Chase & Co. were worth $40,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Horizons Wealth Management purchased a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $31,000. Aventus Investment Advisors Inc. bought a new stake in JPMorgan Chase & Co. during the second quarter valued at about $33,000. Timbuktu Capital Management LLC bought a new stake in JPMorgan Chase & Co. during the second quarter valued at about $50,000. NI Acquisitions Company LLC purchased a new position in JPMorgan Chase & Co. in the second quarter valued at about $51,000. Finally, Torren Management LLC grew its stake in JPMorgan Chase & Co. by 28.2% in the third quarter. Torren Management LLC now owns 159 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 35 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

More JPMorgan Chase & Co. News

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on JPM shares. Robert W. Baird boosted their target price on shares of JPMorgan Chase & Co. from $305.00 to $312.00 and gave the stock a "neutral" rating in a report on Wednesday, October 14th. TD Cowen initiated coverage on shares of JPMorgan Chase & Co. in a report on Thursday, October 8th. They issued a "hold" rating and a $370.00 price target on the stock. Morgan Stanley raised their price target on shares of JPMorgan Chase & Co. from $370.00 to $377.00 and gave the company an "equal weight" rating in a report on Wednesday, October 14th. Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $420.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 14th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $370.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and an average target price of $368.33.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 $25,066,092.07. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Up 0.1%

JPMorgan Chase & Co. stock opened at $334.67 on Monday. JPMorgan Chase & Co. has a 1-year low of $279.10 and a 1-year high of $366.50. The business has a fifty day moving average price of $341.87 and a 200-day moving average price of $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. 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. (NYSE:JPM - Get Free Report) last announced 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 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 analyst estimates of $51.23 billion. During the same period in the prior year, the company earned $5.07 earnings per share. The company's quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 23.95 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

JPMorgan Chase & Co. Company Profile

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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