JPMorgan Chase & Co. $JPM Stock Sold by Arvest Investments Inc.

Key Points

• Arvest Investments cut its JPMorgan Chase stake by 32.3% in the third quarter, selling 8,136 shares and retaining 17,067 shares valued at approximately $5.65 million. Institutional investors collectively own 71.55% of JPM stock.
• JPMorgan’s latest quarterly results fell short of expectations, with EPS of $5.75 versus the $5.94 consensus and revenue of $50.17 billion versus $51.23 billion expected. The stock opened at $331.82, below its 50-day moving average, while shares remain within a 52-week range of $279.10 to $366.50.
• Despite the earnings miss, analysts maintain a “Moderate Buy” consensus with an average price target of $368.10, and JPMorgan raised its quarterly dividend to $1.65 per share from $1.50. The bank is also expanding its digital-assets business through tokenized money-market funds on Solana and JPM Coin on Ethereum.

Arvest Investments Inc. decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 32.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,067 shares of the financial services provider's stock after selling 8,136 shares during the quarter. Arvest Investments Inc.'s holdings in JPMorgan Chase & Co. were worth $5,646,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of JPM. Albion Financial Group UT increased its holdings in JPMorgan Chase & Co. by 0.7% in the third quarter. Albion Financial Group UT now owns 92,833 shares of the financial services provider's stock valued at $30,712,000 after purchasing an additional 672 shares during the last quarter. Element Pointe Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 11.0% during the third quarter. Element Pointe Advisors LLC now owns 785 shares of the financial services provider's stock worth $260,000 after buying an additional 78 shares during the last quarter. Stillwater Wealth Management Group grew its position in shares of JPMorgan Chase & Co. by 4.5% during the 3rd quarter. Stillwater Wealth Management Group now owns 16,627 shares of the financial services provider's stock worth $5,501,000 after buying an additional 720 shares during the period. Sawyer & Company Inc acquired a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $4,716,000. Finally, Sterling Manor Financial LLC bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $239,000. Institutional investors 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.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of the business's 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 sale, the insider directly owned 71,047 shares of the company's stock, valued at approximately $25,066,092.07. The trade was a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on JPM shares. Royal Bank Of Canada reiterated an "outperform" rating and issued a $370.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. Bank of America lifted their price objective on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a "buy" rating in a research note on Thursday, July 16th. Truist Financial boosted their price objective on shares of JPMorgan Chase & Co. from $352.00 to $361.00 and gave the company a "hold" rating in a report on Wednesday, October 14th. Wells Fargo & Company upped their target price on shares of JPMorgan Chase & Co. from $375.00 to $390.00 and gave the company an "overweight" rating in a research note on Friday, August 14th. Finally, Freedom Broker upgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and thirteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $368.10.

JPMorgan Chase & Co. Trading Down 1.4%

NYSE:JPM 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. The business's 50-day simple moving average is $345.41 and its 200-day simple moving average is $331.70. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $366.50. The stock has a market capitalization of $882.04 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 1.31 and a beta of 1.02.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.94 by ($0.19). The business had revenue of $50.17 billion for 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%. JPMorgan Chase & Co.'s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $5.07 earnings per share. Sell-side analysts expect that JPMorgan Chase & Co. will post 23.97 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Tuesday, October 6th will be issued a dividend of $1.65 per share. The ex-dividend date is Tuesday, October 6th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.0%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.68%.

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, 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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