JPMorgan Chase & Co. $JPM Stock Holdings Lessened by InvesTrust

Key Points

• InvesTrust reduced its JPMorgan stake by 16.5% in the third quarter, selling 3,239 shares and retaining 16,340 shares valued at approximately $5.4 million. Institutional investors collectively own 71.55% of the stock.
• Analysts maintain a generally positive outlook, with JPMorgan carrying a consensus “Moderate Buy” rating and an average price target of $365.45, although some firms have issued Hold or Neutral ratings.
• JPMorgan’s quarterly results missed consensus estimates, with EPS of $5.75 versus $5.94 expected and revenue of $50.17 billion versus $51.23 billion forecast. The bank nevertheless raised its quarterly dividend to $1.65 per share, representing a 1.9% yield.

InvesTrust cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 16.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,340 shares of the financial services provider's stock after selling 3,239 shares during the period. JPMorgan Chase & Co. makes up about 2.0% of InvesTrust's holdings, making the stock its 18th biggest position. InvesTrust's holdings in JPMorgan Chase & Co. were worth $5,406,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of JPM. E Fund Management Co. Ltd. grew its holdings in shares of JPMorgan Chase & Co. by 7.1% during the 2nd quarter. E Fund Management Co. Ltd. now owns 29,956 shares of the financial services provider's stock valued at $9,805,000 after acquiring an additional 1,973 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in shares of JPMorgan Chase & Co. by 4.6% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 343,644 shares of the financial services provider's stock worth $112,485,000 after acquiring an additional 15,017 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of JPMorgan Chase & Co. by 18.7% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 41,218 shares of the financial services provider's stock worth $12,125,000 after acquiring an additional 6,492 shares in the last quarter. FAS Wealth Partners Inc. raised its holdings in shares of JPMorgan Chase & Co. by 4.3% during the first quarter. FAS Wealth Partners Inc. now owns 43,527 shares of the financial services provider's stock worth $12,804,000 after acquiring an additional 1,794 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in JPMorgan Chase & Co. by 2.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,170,524 shares of the financial services provider's stock valued at $383,148,000 after purchasing an additional 33,071 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of recent research reports. UBS Group lowered their target price on JPMorgan Chase & Co. from $400.00 to $395.00 and set a "buy" rating on the stock in a research note on Monday, October 5th. Morgan Stanley raised their price target on JPMorgan Chase & Co. from $370.00 to $377.00 and gave the stock an "equal weight" rating in a research note on Wednesday. TD Cowen initiated coverage on JPMorgan Chase & Co. in a research note on Thursday, October 8th. They set a "hold" rating and a $370.00 price target for the company. Weiss Ratings upgraded JPMorgan Chase & Co. from a "buy (b+)" rating to a "buy (a-)" rating in a report on Friday, October 9th. Finally, Jefferies Financial Group reiterated a "neutral" rating on shares of JPMorgan Chase & Co. in a report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and a consensus price target of $365.45.

JPMorgan Chase & Co. Stock Up 1.2%

NYSE:JPM traded up $3.96 during trading hours on Friday, reaching $339.49. The company's stock had a trading volume of 8,413,461 shares, compared to its average volume of 8,676,750. The company has a market cap of $902.43 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 1.33 and a beta of 1.02. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $366.50. The business's 50-day moving average is $348.22 and its 200-day moving average is $330.24. 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. (NYSE:JPM - Get Free Report) last posted its 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). 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 for the quarter, compared to analyst estimates of $51.23 billion. During the same period in the previous year, the company earned $5.07 earnings per share. The company's quarterly revenue was up 8.1% compared to the same quarter last year. Equities research analysts predict that JPMorgan Chase & Co. will post 23.74 EPS 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 is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. The ex-dividend date is Tuesday, October 6th. This represents a $6.60 annualized dividend and a dividend yield of 1.9%. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.68%.

Key Stories Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan reported approximately $15.3 billion in third-quarter net income and added more than 650,000 net new checking accounts, highlighting continued customer and deposit growth. JPMorgan Chase: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts remain constructive: Royal Bank of Canada reiterated an Outperform rating, while Morgan Stanley and Robert W. Baird published bullish outlooks. Investors may view JPMorgan’s scale, profitability and balance-sheet strength as defensive advantages if economic conditions deteriorate. JPMorgan Earns Outperform Rating from Royal Bank of Canada
• Positive Sentiment: The bank’s decision to block unvetted third-party AI agents from customer accounts could reduce cybersecurity, fraud and operational risks, while its AI strategy continues to develop under tighter controls. Jamie Dimon Warns About AI Payment Agents
• Neutral Sentiment: Citigroup lowered its price target from $360 to $350 while maintaining a Neutral rating, suggesting limited near-term upside but no major deterioration in its view. Citigroup Lowers JPMorgan Price Target
• Neutral Sentiment: JPMorgan and Goldman Sachs increased the yield and improved terms on a $5 billion leveraged loan for Volta Infrastructure, indicating stronger investor compensation is needed for riskier AI-related debt. This may support fee activity but also underscores tighter credit-market conditions. JPMorgan and Goldman Boost Yield on Volta AI Loan
• Negative Sentiment: The third-quarter earnings release included an EPS miss, while revenue also came in below consensus estimates. The shortfall has raised questions about whether the stock’s recent gains already reflect much of its earnings strength. JPMorgan Misses Third Quarter Earnings
• Negative Sentiment: One Seeking Alpha analysis downgraded JPMorgan to Hold, citing leverage as a potential constraint on future earnings. CEO Jamie Dimon also warned that inflation, elevated asset prices, bond yields and the possibility of a market shock remain important risks. JPMorgan Leverage a Concern to Future Earnings

Insider Activity

In other news, insider Robin Leopold sold 2,500 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $352.81, for a total transaction of $882,025.00. Following the transaction, the insider owned 71,047 shares of the company's stock, valued at approximately $25,066,092.07. This represents a 3.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.41% of the company's stock.

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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