JPMorgan Chase & Co. $JPM Stock: Carnegie Investment Counsel Trims Holdings

Carnegie Investment Counsel reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 363,900 shares of the financial services provider's stock after selling 11,135 shares during the quarter. JPMorgan Chase & Co. comprises about 2.2% of Carnegie Investment Counsel's investment portfolio, making the stock its 7th largest holding. Carnegie Investment Counsel's holdings in JPMorgan Chase & Co. were worth $117,719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of JPM. Sulzberger Capital Advisors Inc. grew its position in JPMorgan Chase & Co. by 23.8% in the third quarter. Sulzberger Capital Advisors Inc. now owns 5,029 shares of the financial services provider's stock worth $1,664,000 after buying an additional 967 shares during the last quarter. Ironwood Financial llc increased its holdings in shares of JPMorgan Chase & Co. by 0.4% in the third quarter. Ironwood Financial llc now owns 15,718 shares of the financial services provider's stock valued at $5,200,000 after buying an additional 62 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of JPMorgan Chase & Co. by 0.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,003,762 shares of the financial services provider's stock valued at $993,735,000 after buying an additional 12,595 shares in the last quarter. Diversify Advisory Services LLC increased its holdings in shares of JPMorgan Chase & Co. by 6.4% in the third quarter. Diversify Advisory Services LLC now owns 77,312 shares of the financial services provider's stock valued at $25,940,000 after buying an additional 4,633 shares in the last quarter. Finally, Lakeshore Capital Group Inc. lifted its position in shares of JPMorgan Chase & Co. by 4.1% during the 3rd quarter. Lakeshore Capital Group Inc. now owns 4,736 shares of the financial services provider's stock valued at $1,567,000 after acquiring an additional 188 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

More JPMorgan Chase & Co. News

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

• Positive Sentiment: Digital-assets expansion: J.P. Morgan Asset Management made its MONY and JLTXX tokenized money-market funds available on the Solana blockchain for qualified U.S. investors. The move broadens access to the bank’s onchain platform and could support new fee and asset-gathering opportunities. J.P. Morgan Asset Management Expands Access to Its Tokenized Money Market Funds on Solana
• Positive Sentiment: JPM Coin reaches Ethereum: JPMorgan extended its USD-backed deposit-token payment system to the Ethereum mainnet for institutional clients, enabling potentially faster, always-on settlement. The expansion reinforces JPM’s position in institutional blockchain infrastructure. JPMorgan Chase Takes JPM Coin to Ethereum
• Positive Sentiment: Higher earnings outlook: Erste Group raised its fiscal 2027 EPS estimate for JPM to $25.56 from $25.27, above the current consensus forecast of $23.99. The revision offers support for the long-term earnings story. JPMorgan EPS Estimate Update
• Neutral Sentiment: JPMorgan disclosed stakes exceeding 5% in Panoro Energy, Deep Value Driller and Hexagon Composites. These appear to be investment or custody-related holdings and are not expected to materially affect JPM’s operating results. JPMorgan Ownership Disclosures
• Neutral Sentiment: JPMorgan strategists said hedge-fund positioning has reset and that downside risk for equities may be limited. This could improve market sentiment, but it is not a direct change to JPM’s fundamentals. JPMorgan Strategist Market Outlook
• Negative Sentiment: Average credit-card delinquencies among major issuers, including JPMorgan, increased to 2.6% in September. Although net charge-offs declined, rising delinquency rates could raise concerns about consumer credit costs and future provisions. Credit Card Delinquencies Creep Up
• Negative Sentiment: The recent earnings miss remains an overhang: quarterly EPS of $5.75 fell short of the $5.94 consensus, while revenue also missed estimates. This may be offsetting optimism around digital assets and higher longer-term forecasts.

JPMorgan Chase & Co. Stock Down 1.4%

JPMorgan Chase & Co. stock opened at $331.82 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.85. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $366.50. The firm has a fifty day moving average price of $345.41 and a two-hundred day moving average price of $331.70. The firm has a market cap of $882.04 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 1.33 and a beta of 1.02.

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 the consensus estimate of $5.94 by ($0.19). The business had revenue of $50.17 billion during the quarter, compared to the consensus estimate of $51.23 billion. JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The business's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $5.07 earnings per share. As a group, analysts forecast that JPMorgan Chase & Co. will post 23.99 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be 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 is Tuesday, October 6th. This represents a $6.60 annualized dividend and a yield of 2.0%. JPMorgan Chase & Co.'s payout ratio is presently 27.68%.

Insider Activity

In related news, insider Robin Leopold sold 2,500 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider 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 filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on JPM shares. Freedom Broker raised shares of JPMorgan Chase & Co. from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 15th. Keefe, Bruyette & Woods reissued an "outperform" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. Jefferies Financial Group restated a "neutral" rating on shares of JPMorgan Chase & Co. in a report on Friday, September 25th. Royal Bank Of Canada restated an "outperform" rating and issued a $370.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. Finally, Barclays raised 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 note on Wednesday, October 14th. 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $368.10.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.