JPMorgan Chase & Co. $JPM Stake Lowered by Parr Mcknight Wealth Management Group LLC

Key Points

• Parr Mcknight Wealth Management cut its JPMorgan stake by 7.1% in the third quarter, selling 3,138 shares. It retained 41,045 shares valued at about $13.6 million.
• Analysts give JPMorgan a consensus “Moderate Buy” rating, with an average price target of $368.33; 14 rate the stock Buy and 13 Hold.
• JPMorgan’s latest quarter fell short of earnings and revenue estimates, though revenue rose 8.1% year over year. The bank raised its quarterly dividend from $1.50 to $1.65 per share.

Parr Mcknight Wealth Management Group LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 7.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,045 shares of the financial services provider's stock after selling 3,138 shares during the period. JPMorgan Chase & Co. comprises approximately 1.6% of Parr Mcknight Wealth Management Group LLC's portfolio, making the stock its 11th biggest holding. Parr Mcknight Wealth Management Group LLC's holdings in JPMorgan Chase & Co. were worth $13,579,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Horizons Wealth Management purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $31,000. Aventus Investment Advisors Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $33,000. Timbuktu Capital Management LLC acquired a new position in JPMorgan Chase & Co. in the second quarter worth approximately $50,000. NI Acquisitions Company LLC acquired a new position in JPMorgan Chase & Co. in the second quarter worth approximately $51,000. Finally, Torren Management LLC raised its position in JPMorgan Chase & Co. by 28.2% during the third quarter. Torren Management LLC now owns 159 shares of the financial services provider's stock valued at $53,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Insiders Place Their Bets

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 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 SEC, which is available at 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 company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. TD Cowen began coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, October 8th. They issued a "hold" rating and a $370.00 target price for the company. HSBC raised their price target on shares of JPMorgan Chase & Co. from $369.00 to $377.00 and gave the company a "hold" rating in a report on Monday, September 28th. Jefferies Financial Group reaffirmed a "neutral" rating on shares of JPMorgan Chase & Co. in a research note on Friday, September 25th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $370.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, October 14th. Finally, Barclays increased their target price 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. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and an average target price of $368.33.

Key Stories Impacting JPMorgan Chase & Co.

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

JPMorgan Chase & Co. Trading Up 0.1%

JPMorgan Chase & Co. stock opened at $334.67 on Monday. 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 firm has a market capitalization of $888.75 billion, a PE ratio of 14.04, a PEG ratio of 1.32 and a beta of 1.03. The business's 50-day simple moving average is $341.87 and its 200-day simple moving average is $323.78.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $5.75 EPS for the quarter, missing analysts' consensus estimates of $5.94 by ($0.19). The business 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 firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $5.07 earnings per share. Equities research analysts forecast that JPMorgan Chase & Co. will post 23.95 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

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

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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