JPMorgan Chase & Co. $JPM Shares Sold by Cyndeo Wealth Partners LLC

Key Points

• Cyndeo Wealth Partners reduced its JPMorgan stake by 14.9% in the third quarter, selling 11,522 shares and retaining 65,943 shares valued at approximately $21.8 million. Institutional investors collectively own 71.55% of JPMorgan’s stock.
• JPMorgan’s latest quarterly results fell short of expectations, with EPS of $5.75 versus the $5.94 consensus and revenue of $50.17 billion versus $51.23 billion expected. Shares opened at $339.49, while analysts maintain a “Moderate Buy” consensus with an average price target of $365.45.
• The bank increased its quarterly dividend to $1.65 per share from $1.50, representing a $6.60 annualized payout and a 1.9% yield. Analysts issued mixed updates, with some raising price targets while Citigroup lowered its target to $350 and kept a Neutral rating.

Cyndeo Wealth Partners LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 14.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,943 shares of the financial services provider's stock after selling 11,522 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.0% of Cyndeo Wealth Partners LLC's investment portfolio, making the stock its 23rd biggest holding. Cyndeo Wealth Partners LLC's holdings in JPMorgan Chase & Co. were worth $21,816,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in JPM. E Fund Management Co. Ltd. grew its stake in shares of JPMorgan Chase & Co. by 7.1% in 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 in the last quarter. Edmond DE Rothschild Holding S.A. increased its holdings in JPMorgan Chase & Co. by 4.6% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 343,644 shares of the financial services provider's stock worth $112,485,000 after buying an additional 15,017 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services raised its position in JPMorgan Chase & Co. by 18.7% during the first 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. FAS Wealth Partners Inc. raised its position in JPMorgan Chase & Co. by 4.3% during the first 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. Finally, Northwestern Mutual Wealth Management Co. raised its position in JPMorgan Chase & Co. by 2.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,170,524 shares of the financial services provider's stock worth $383,148,000 after acquiring an additional 33,071 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 0.1%

Shares of JPM stock opened at $339.49 on Monday. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $366.50. The company has a market capitalization of $902.43 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 1.35 and a beta of 1.02. The firm has a 50 day moving average price of $348.22 and a two-hundred day moving average price of $330.57. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.31.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results 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 firm had revenue of $50.17 billion during the quarter, compared to analyst estimates of $51.23 billion. JPMorgan Chase & Co. had a net margin of 21.85% and a return on equity of 18.48%. JPMorgan Chase & Co.'s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $5.07 EPS. As a group, analysts predict that JPMorgan Chase & Co. will post 23.72 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Tuesday, October 6th will be paid a $1.65 dividend. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. The ex-dividend date is Tuesday, October 6th. This represents a $6.60 annualized dividend and a yield of 1.9%. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.68%.

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan reported approximately $15.3 billion in third-quarter net income and added more than 650,000 net new checking accounts, highlighting continued customer and deposit growth. JPMorgan Chase: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts remain constructive: Royal Bank of Canada reiterated an Outperform rating, while Morgan Stanley and Robert W. Baird published bullish outlooks. Investors may view JPMorgan’s scale, profitability and balance-sheet strength as defensive advantages if economic conditions deteriorate. JPMorgan Earns Outperform Rating from Royal Bank of Canada
• Positive Sentiment: The bank’s decision to block unvetted third-party AI agents from customer accounts could reduce cybersecurity, fraud and operational risks, while its AI strategy continues to develop under tighter controls. Jamie Dimon Warns About AI Payment Agents
• Neutral Sentiment: Citigroup lowered its price target from $360 to $350 while maintaining a Neutral rating, suggesting limited near-term upside but no major deterioration in its view. Citigroup Lowers JPMorgan Price Target
• Neutral Sentiment: JPMorgan and Goldman Sachs increased the yield and improved terms on a $5 billion leveraged loan for Volta Infrastructure, indicating stronger investor compensation is needed for riskier AI-related debt. This may support fee activity but also underscores tighter credit-market conditions. JPMorgan and Goldman Boost Yield on Volta AI Loan
• Negative Sentiment: The third-quarter earnings release included an EPS miss, while revenue also came in below consensus estimates. The shortfall has raised questions about whether the stock’s recent gains already reflect much of its earnings strength. JPMorgan Misses Third Quarter Earnings
• Negative Sentiment: One Seeking Alpha analysis downgraded JPMorgan to Hold, citing leverage as a potential constraint on future earnings. CEO Jamie Dimon also warned that inflation, elevated asset prices, bond yields and the possibility of a market shock remain important risks. JPMorgan Leverage a Concern to Future Earnings

Insider Buying and Selling

In other JPMorgan Chase & Co. 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 value of $882,025.00. Following the transaction, the insider directly owned 71,047 shares of the company's stock, valued at $25,066,092.07. This represents a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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.

Analysts Set New Price Targets

A number of analysts have commented on JPM shares. Morgan Stanley increased 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 research note on Wednesday, October 14th. Truist Financial boosted their price objective on shares of JPMorgan Chase & Co. from $352.00 to $361.00 and gave the stock a "hold" rating in a research note on Wednesday. Robert W. Baird upped their target price 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. Jefferies Financial Group reiterated a "neutral" rating on shares of JPMorgan Chase & Co. in a research note on Friday, September 25th. Finally, Citigroup cut their target price on shares of JPMorgan Chase & Co. from $360.00 to $350.00 and set a "neutral" rating for the company in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $365.45.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, investment banking, payments, asset management and wealth management services to individuals, businesses, governments and institutional clients.

Its major business segments include Consumer & Community Banking, which offers deposit accounts, credit cards, mortgages, auto loans and other financial products; Commercial & Investment Banking, which provides corporate lending, advisory, underwriting, trading, treasury and payments services; and Asset & Wealth Management, which serves individual and institutional investors with investment management, brokerage and related advisory services.

JPMorgan Chase serves customers in the United States and operates internationally through offices and businesses in major financial centers around the world.

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