JPMorgan Chase & Co. $JPM Shares Sold by Commonwealth Equity Services LLC

Key Points

• Commonwealth Equity Services cut its JPMorgan stake by 4.2% in the third quarter, selling 55,826 shares; it retained 1,282,819 shares valued at about $424.4 million.
• JPMorgan’s latest quarterly results fell short of analyst expectations: earnings were $5.75 per share versus $5.94 expected, and revenue was $50.17 billion versus $51.23 billion expected. Revenue nevertheless grew 8.1% year over year.
• The bank raised its quarterly dividend to $1.65 per share, equivalent to $6.60 annually and a 1.9% yield; analysts’ average rating was “Moderate Buy,” with an average price target of $368.33.

Commonwealth Equity Services LLC lowered its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,282,819 shares of the financial services provider's stock after selling 55,826 shares during the quarter. JPMorgan Chase & Co. makes up about 0.5% of Commonwealth Equity Services LLC's portfolio, making the stock its 26th biggest position. Commonwealth Equity Services LLC's holdings in JPMorgan Chase & Co. were worth $424,395,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of JPM. E Fund Management Co. Ltd. grew its holdings in shares of JPMorgan Chase & Co. by 7.1% during the second quarter. E Fund Management Co. Ltd. now owns 29,956 shares of the financial services provider's stock valued at $9,805,000 after buying an additional 1,973 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its position in JPMorgan Chase & Co. by 4.6% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 343,644 shares of the financial services provider's stock worth $112,485,000 after purchasing an additional 15,017 shares in the last quarter. Neumann Capital Management LLC purchased a new stake in JPMorgan Chase & Co. during the third quarter worth $3,457,000. First National Bank of Mount Dora Trust Investment Services boosted its stake in shares of 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 worth $12,125,000 after acquiring an additional 6,492 shares in the last quarter. Finally, FAS Wealth Partners Inc. boosted its stake in shares of 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 worth $12,804,000 after acquiring an additional 1,794 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 2.2%

JPM opened at $341.95 on Tuesday. The stock has a market capitalization of $908.09 billion, a PE ratio of 14.34, a P/E/G ratio of 1.39 and a beta of 1.03. 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 1.31, 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 200 day moving average price is $323.98.

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 earnings per share for the quarter, missing analysts' consensus estimates of $5.94 by ($0.19). JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The business had revenue of $50.17 billion for the quarter, compared to analysts' expectations of $51.23 billion. During the same quarter in the prior year, the company posted $5.07 earnings per share. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 23.95 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Investors of record on Tuesday, October 6th were issued a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. The ex-dividend date was Tuesday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.68%.

Analysts Set New Price Targets

JPM has been the topic of a number of recent analyst reports. TD Cowen initiated coverage on JPMorgan Chase & Co. in a research report on Thursday, October 8th. They set a "hold" rating and a $370.00 price target on the stock. Zacks Research cut JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. UBS Group boosted their price objective on JPMorgan Chase & Co. from $395.00 to $400.00 and gave the company a "buy" rating in a research report on Monday, November 2nd. HSBC upped their target price on JPMorgan Chase & Co. from $369.00 to $377.00 and gave the stock a "hold" rating in a research note on Monday, September 28th. Finally, Weiss Ratings cut shares of JPMorgan Chase & Co. from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $368.33.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the company's stock in a transaction 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 sale, the insider owned 71,047 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 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. News Roundup

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

JPMorgan Chase & Co. 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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