JPMorgan Chase & Co. $JPM Stock Sold by Grandview Asset Management LLC

Key Points

• Grandview Asset Management cut its JPMorgan stake by 30.8% in the third quarter, selling 5,404 shares and retaining 12,136 shares valued at approximately $4.02 million. Other institutional investors increased their holdings, and institutions collectively own 71.55% of JPMorgan’s stock.
• Insider Robin Leopold sold 2,500 shares for about $882,000 under a pre-arranged Rule 10b5-1 trading plan. Company insiders own approximately 0.41% of the stock.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $368.10, despite JPMorgan’s latest quarterly earnings and revenue missing estimates. The bank raised its quarterly dividend to $1.65, equivalent to a 2.0% annual yield.

Grandview Asset Management LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 30.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 12,136 shares of the financial services provider's stock after selling 5,404 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.1% of Grandview Asset Management LLC's portfolio, making the stock its 21st largest position. Grandview Asset Management LLC's holdings in JPMorgan Chase & Co. were worth $4,015,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Smithbridge Asset Management Inc. DE lifted its stake in shares of JPMorgan Chase & Co. by 1.5% in the 3rd quarter. Smithbridge Asset Management Inc. DE now owns 51,055 shares of the financial services provider's stock worth $16,890,000 after acquiring an additional 739 shares during the period. Retirement Planning Group LLC boosted its holdings in shares of JPMorgan Chase & Co. by 8.3% in the third quarter. Retirement Planning Group LLC now owns 11,479 shares of the financial services provider's stock valued at $3,797,000 after acquiring an additional 882 shares in the last quarter. Blue Zone Wealth Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 4.4% in the third quarter. Blue Zone Wealth Advisors LLC now owns 1,542 shares of the financial services provider's stock valued at $510,000 after acquiring an additional 65 shares in the last quarter. Maia Wealth LLC increased its stake in shares of JPMorgan Chase & Co. by 11.7% during the third quarter. Maia Wealth LLC now owns 15,893 shares of the financial services provider's stock worth $5,258,000 after acquiring an additional 1,662 shares during the period. Finally, Tanager Wealth Management LLP increased its stake in shares of JPMorgan Chase & Co. by 15.9% during the third quarter. Tanager Wealth Management LLP now owns 4,502 shares of the financial services provider's stock worth $1,489,000 after acquiring an additional 617 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Transactions at JPMorgan Chase & Co.

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

Analyst Upgrades and Downgrades

JPM has been the subject of several analyst reports. Zacks Research cut shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $375.00 to $390.00 and gave the company an "overweight" rating in a report on Friday, August 14th. Jefferies Financial Group reaffirmed a "neutral" rating on shares of JPMorgan Chase & Co. in a report on Friday, September 25th. Morgan Stanley boosted their target price on JPMorgan Chase & Co. from $370.00 to $377.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 14th. Finally, Bank of America increased their target price on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a "buy" rating in a research note 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 assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $368.10.

More JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan expanded its USD-backed JPM Coin to the public Ethereum mainnet, allowing institutional clients to make on-chain dollar transfers with faster settlement and 24/7 availability. The move could broaden adoption of JPMorgan’s payment infrastructure and strengthen its competitive position in institutional digital assets. JPMorgan Chase Takes JPM Coin to Ethereum for Institutional Payments
• Positive Sentiment: J.P. Morgan Asset Management made its tokenized money-market funds available on Solana for qualified U.S. investors. Multi-chain distribution could expand assets on the firm’s on-chain platform and create longer-term fee and deposit opportunities. J.P. Morgan Asset Management Expands Access to Its Tokenized Money Market Funds on Solana
• Positive Sentiment: JPMorgan, Goldman Sachs and Morgan Stanley reportedly captured nearly 80% of the top-five banks’ equity-trading revenue this year, with activity boosted by institutional demand for leveraged artificial-intelligence trades. Strong trading revenue is a favorable catalyst for JPM’s markets business. Goldman Sachs, JPMorgan and Morgan Stanley are dominating the AI stock boom
• Positive Sentiment: JPMorgan’s dividend and balance-sheet profile were highlighted favorably among major U.S. banks, reinforcing its reputation as a well-capitalized income investment. These 4 Big Banks Pay Similar Dividends
• Neutral Sentiment: JPMorgan Asset Management forecast a 10% annualized return for Bitcoin over the next 10–15 years, but its 55% volatility means Bitcoin is not being included in the firm’s core portfolio models. The forecast enhances JPM’s digital-assets profile but is not a direct earnings catalyst. JPMorgan Puts a Number on Bitcoin for the First Time
• Negative Sentiment: The bank’s latest quarterly results missed consensus estimates for both earnings per share and revenue, despite year-over-year growth. That performance remains a potential overhang, particularly with the stock trading below its 50-day moving average.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $336.43 on Friday. 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. has a 52-week low of $279.10 and a 52-week high of $366.50. The company has a 50-day simple moving average of $346.03 and a 200-day simple moving average of $331.70. The company has a market capitalization of $894.28 billion, a PE ratio of 14.11, a P/E/G ratio of 1.32 and a beta of 1.02.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Tuesday, October 13th. The financial services provider reported $5.75 EPS for the quarter, missing analysts' consensus estimates of $5.94 by ($0.19). The company had revenue of $50.17 billion for the quarter, compared to analysts' expectations of $51.23 billion. JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $5.07 EPS. Equities research analysts predict that JPMorgan Chase & Co. will post 23.99 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced 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 represents a $6.60 dividend on an annualized basis and a yield of 2.0%. 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. JPMorgan Chase & Co.'s dividend payout ratio is 27.68%.

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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