JPMorgan Chase & Co. $JPM Stock Holdings Decreased by Anchor Capital Advisors LLC

Key Points

• Anchor Capital Advisors cut its JPMorgan stake by 23.7% in the second quarter, selling 35,806 shares and retaining 115,282 shares valued at approximately $37.7 million. Institutional investors collectively own 71.55% of the stock.
• JPMorgan reported stronger-than-expected quarterly results, with earnings of $6.14 per share and revenue of $58.02 billion; revenue rose 27.7% year over year. The company also raised its quarterly dividend to $1.65 per share, equal to a 2.0% annual yield.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $363.29, although the shares face near-term pressure from broader bank-stock selling and trading below their 50-day moving average.

Anchor Capital Advisors LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 23.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,282 shares of the financial services provider's stock after selling 35,806 shares during the period. Anchor Capital Advisors LLC's holdings in JPMorgan Chase & Co. were worth $37,735,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MLG Wealth Management DBA Pine Grove Financial Group lifted its position in JPMorgan Chase & Co. by 62.5% in the second quarter. MLG Wealth Management DBA Pine Grove Financial Group now owns 1,805 shares of the financial services provider's stock valued at $591,000 after acquiring an additional 694 shares during the last quarter. Range Advisory LLC grew its holdings in shares of JPMorgan Chase & Co. by 41.1% during the second quarter. Range Advisory LLC now owns 8,876 shares of the financial services provider's stock worth $2,905,000 after purchasing an additional 2,586 shares during the last quarter. Capital & Planning LLC grew its holdings in shares of JPMorgan Chase & Co. by 8.0% during the second quarter. Capital & Planning LLC now owns 1,014 shares of the financial services provider's stock worth $332,000 after purchasing an additional 75 shares during the last quarter. Alternative Investment Advisors LLC. increased its position in shares of JPMorgan Chase & Co. by 7.5% during the second quarter. Alternative Investment Advisors LLC. now owns 1,041 shares of the financial services provider's stock worth $341,000 after purchasing an additional 73 shares in the last quarter. Finally, NWM Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 1.7% during the second quarter. NWM Advisors LLC now owns 15,260 shares of the financial services provider's stock worth $4,995,000 after purchasing an additional 255 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. 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 transaction, 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 filing 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 corporate insiders.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $333.09 on Friday. The firm has a market cap of $885.42 billion, a P/E ratio of 14.27, a P/E/G ratio of 1.38 and a beta of 1.02. JPMorgan Chase & Co. has a 52-week low of $279.10 and a 52-week high of $366.50. The business's 50-day moving average price is $352.86 and its 200 day moving average price is $327.08. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The firm had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. During the same period in the prior year, the business earned $4.96 EPS. The firm's revenue was up 27.7% compared to the same quarter last year. On average, equities research analysts expect that JPMorgan Chase & Co. will post 24.11 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders 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 dividend yield of 2.0%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. The ex-dividend date is Tuesday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 25.71%.

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: Strong earnings setup: Analysts expect JPMorgan to potentially beat estimates again, citing its history of positive earnings surprises and favorable underlying factors. Its latest reported quarter also exceeded consensus expectations for both earnings and revenue. Will JPMorgan Chase & Co. Beat Estimates Again?
• Positive Sentiment: Dividend and capital appeal: JPMorgan remains a prominent income-stock candidate, with its dividend ex-date approaching. Analysts also highlight the bank’s capital cushion and track record as supporting dividend resilience during a downturn. JPM vs. BAC: The Bank Built to Sustain Dividend Growth
• Positive Sentiment: Potentially clearer regulatory planning: The Federal Reserve’s revised stress-testing framework is intended to reduce swings in bank capital requirements, which could improve JPMorgan’s ability to plan distributions and manage capital. Fed Revamps Bank Stress Tests
• Neutral Sentiment: Management succession planning: JPMorgan elevated Doug Petno and Troy Rohrbaugh to co-presidents as the board prepares for Jamie Dimon’s eventual succession. The move adds structure but also highlights uncertainty around replacing the long-serving CEO. JPMorgan Elevates Co-Presidents
• Neutral Sentiment: Bond-market activity: JPMorgan has completed several fixed-income offerings, increasing funding while investors assess the implications for its capital structure. The activity is not necessarily negative, but it may reinforce scrutiny of leverage and funding costs. JPMorgan Taps Bond Markets
• Negative Sentiment: Sector-wide selling: JPMorgan is being dragged lower with other money-center banks as investors reduce exposure to financial stocks. Citigroup and Bank of America also declined, indicating the pressure is broader than company-specific news. Bank Stocks Slide
• Negative Sentiment: Technical pressure: JPM shares are trading below their 50-day moving average, a signal that near-term momentum has weakened and that investors may remain cautious despite the stock’s longer-term fundamentals. JPMorgan Trades Below 50-Day SMA

Analyst Ratings Changes

A number of analysts recently issued reports on JPM shares. Barclays upped their target price on JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $418.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Royal Bank Of Canada boosted their price objective on JPMorgan Chase & Co. from $330.00 to $370.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. Jefferies Financial Group reissued a "neutral" rating on shares of JPMorgan Chase & Co. in a report on Friday, September 25th. Finally, Robert W. Baird raised their target price on shares of JPMorgan Chase & Co. from $295.00 to $305.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 15th. Sixteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $363.29.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, investment banking, asset management, private banking, commercial banking, consumer lending and payment services to individuals, businesses, institutions and governments.

The company operates through major business areas that include Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management. Its products and services include deposit accounts, credit cards, mortgages, auto loans, business financing, investment and advisory services, securities trading and custody, payment processing, and wealth-management solutions.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across international markets.

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