JPMorgan Chase & Co. $JPM Stock: BDF Gestion Reduces Holdings

Key Points

• BDF Gestion reduced its JPMorgan stake by 11.3% in the third quarter, selling 6,063 shares and retaining 47,808 shares valued at approximately $15.8 million.
• Institutional ownership remains high at 71.55%, with major investors including State Street, Bank of America, Bank of New York Mellon, Dimensional Fund Advisors and UBS increasing their positions.
• JPMorgan reported quarterly EPS and revenue below analyst estimates, but analysts maintain a “Moderate Buy” consensus with an average price target of $365.45; the company also raised its quarterly dividend to $1.65 per share.

BDF Gestion cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 11.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,808 shares of the financial services provider's stock after selling 6,063 shares during the quarter. JPMorgan Chase & Co. makes up about 2.2% of BDF Gestion's portfolio, making the stock its 10th largest position. BDF Gestion's holdings in JPMorgan Chase & Co. were worth $15,816,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. State Street Corp raised its holdings in shares of JPMorgan Chase & Co. by 0.8% during the second quarter. State Street Corp now owns 125,209,293 shares of the financial services provider's stock valued at $40,984,758,000 after purchasing an additional 932,632 shares during the period. Bank of America Corp DE grew its stake in shares of JPMorgan Chase & Co. by 6.1% in the 2nd quarter. Bank of America Corp DE now owns 69,666,753 shares of the financial services provider's stock valued at $22,804,018,000 after buying an additional 4,006,293 shares during the period. Bank of New York Mellon Corp grew its stake 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 valued at $7,084,339,000 after buying an additional 540,362 shares during the period. Dimensional Fund Advisors LP increased its position in JPMorgan Chase & Co. by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 18,968,884 shares of the financial services provider's stock valued at $5,578,788,000 after buying an additional 607,288 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 buying an additional 134,634 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. News Roundup

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

• Positive Sentiment: JPM Coin expands to Ethereum: JPMorgan made its dollar-backed deposit token available to select institutional clients on Ethereum’s mainnet. The move could broaden its blockchain-payment and tokenized-asset settlement business, although access remains restricted to institutional users. JPMorgan Launches JPM Coin on Ethereum for Institutional Clients
• Positive Sentiment: Large national-security investment program: JPMorgan said it has deployed $5 billion in equity investments and facilitated more than $230 billion in financing under its Security and Resiliency Initiative. Investments in defense technology, advanced manufacturing, and critical supply chains may create long-term banking and investment-banking opportunities while strengthening the company’s strategic positioning. Robot factories and hypersonic missiles: JPMorgan Chase's first $5 billion of defense investments
• Positive Sentiment: Institutional outlook remains influential: J.P. Morgan Asset Management’s long-term assumptions project a 10% annualized return for Bitcoin over 10–15 years, above forecasts for U.S. large-cap stocks and gold. Although the bank does not include Bitcoin in core portfolio allocations because of volatility, the research highlights JPMorgan’s expanding role in digital-asset strategy and institutional markets. JPMorgan Predicts Bitcoin Will Beat U.S. Stocks
• Neutral Sentiment: $7 billion senior-debt offering: JPMorgan completed public offerings totaling $7 billion. The financing supports liquidity and capital-management needs, but also increases funding obligations and offers no immediate boost to earnings. JPMorgan Chase Completes $7 Billion Senior Debt Offering
• Negative Sentiment: Buybacks sharply reduced: Third-quarter net share repurchases fell nearly 89% to $664 million as JPMorgan prioritized organic investment. That may preserve capital for growth, but removes an important source of per-share support for investors. JPMorgan Slashes Q3 Share Buybacks
• Negative Sentiment: Recent earnings pressure: JPMorgan’s latest quarterly EPS and revenue came in below consensus estimates, while management warned about economic and geopolitical risks. These issues could limit valuation upside despite the bank’s strong profitability.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JPM. Weiss Ratings raised JPMorgan Chase & Co. from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Friday, October 9th. Jefferies Financial Group reissued a "neutral" rating on shares of JPMorgan Chase & Co. in a research note on Friday, September 25th. The Goldman Sachs Group reissued an "outperform" rating and issued a $392.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 13th. Citigroup decreased their price objective on JPMorgan Chase & Co. from $360.00 to $350.00 and set a "neutral" rating for the company in a report on Thursday, October 15th. Finally, Bank of America upped their target price on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a "buy" rating in a research report on Thursday, July 16th. Two investment 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $365.45.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $335.12 on Wednesday. The firm has a market cap of $890.83 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. The company's 50 day moving average is $347.18 and its 200-day moving average is $331.12. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data 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). 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 during the quarter, compared to the consensus estimate of $51.23 billion. During the same period last year, the business posted $5.07 earnings per share. The firm's quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts predict that JPMorgan Chase & Co. will post 23.49 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be given 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 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.68%.

Insider Activity at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the firm'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 completion of the transaction, the insider directly owned 71,047 shares of the company's stock, valued at $25,066,092.07. This trade 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 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 owned by insiders.

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, 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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