JPMorgan Chase & Co. $JPM Stock Holdings Cut by Pinnacle Associates Ltd.

Key Points

• Pinnacle Associates reduced its JPMorgan stake by 4.3% in the third quarter, selling 17,711 shares and retaining 396,243 shares valued at approximately $131.1 million. Institutional investors collectively own 71.55% of JPM stock.
• JPMorgan shares opened at $331.82, down 1.4%, while the company’s latest quarterly results missed expectations: EPS was $5.75 versus a $5.94 consensus, and revenue was $50.17 billion versus $51.23 billion expected.
• The bank raised its quarterly dividend to $1.65 per share, or $6.60 annually, producing a 2.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $368.10.

Pinnacle Associates Ltd. trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 396,243 shares of the financial services provider's stock after selling 17,711 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.5% of Pinnacle Associates Ltd.'s holdings, making the stock its 13th largest position. Pinnacle Associates Ltd.'s holdings in JPMorgan Chase & Co. were worth $131,089,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Concorde Asset Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.1% in the 2nd quarter. Concorde Asset Management LLC now owns 2,660 shares of the financial services provider's stock valued at $871,000 after purchasing an additional 29 shares during the last quarter. Elevation Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 1.0% in the second quarter. Elevation Wealth Management LLC now owns 3,074 shares of the financial services provider's stock worth $1,006,000 after purchasing an additional 29 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. increased its position in JPMorgan Chase & Co. by 0.8% during the second quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,531 shares of the financial services provider's stock worth $1,156,000 after buying an additional 29 shares during the last quarter. Arkansas Financial Group Inc. increased its position in JPMorgan Chase & Co. by 1.1% during the second quarter. Arkansas Financial Group Inc. now owns 2,667 shares of the financial services provider's stock worth $873,000 after buying an additional 30 shares during the last quarter. Finally, Flynn Zito Capital Management LLC increased its position in JPMorgan Chase & Co. by 1.1% during the second quarter. Flynn Zito Capital Management LLC now owns 2,830 shares of the financial services provider's stock worth $926,000 after buying an additional 30 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Down 1.4%

Shares of JPM stock opened at $331.82 on Friday. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $366.50. The firm has a market cap of $882.04 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 1.33 and a beta of 1.02. The stock has a 50 day moving average of $345.41 and a 200-day moving average of $331.70. 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 quarterly earnings data on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share 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 net margin of 21.85% and a return on equity of 18.48%. The firm's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $5.07 earnings per share. On average, equities analysts predict that JPMorgan Chase & Co. will post 23.99 EPS 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. Investors of record on Tuesday, October 6th will be paid a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, October 6th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.68%.

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.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the 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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

JPM has been the topic of several recent research reports. UBS Group cut their target price on JPMorgan Chase & Co. from $400.00 to $395.00 and set a "buy" rating on the stock in a report on Monday, October 5th. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and set a $375.00 price target for the company in a research note on Wednesday, July 22nd. Truist Financial increased their price objective on JPMorgan Chase & Co. from $352.00 to $361.00 and gave the company a "hold" rating in a report on Wednesday, October 14th. Citigroup cut their price objective on JPMorgan Chase & Co. from $360.00 to $350.00 and set a "neutral" rating on the stock in a research note on Thursday, October 15th. Finally, Bank of America boosted their target price on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a "buy" rating in a report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $368.10.

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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