JPMorgan Chase & Co. $JPM Stock Sold by HighTower Advisors LLC

Key Points

• HighTower Advisors reduced its JPMorgan stake by 1.4%, selling 36,007 shares and retaining 2.63 million shares valued at approximately $859.7 million. Institutional investors overall own 71.55% of the company.
• JPMorgan reported quarterly EPS of $6.14, exceeding estimates, while revenue rose 27.7% year over year to $58.02 billion. The bank also increased its quarterly dividend to $1.65, representing a 2.0% annualized yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $363.29, although shares recently traded below their 50-day moving average and valuation concerns remain.

HighTower Advisors LLC lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,626,400 shares of the financial services provider's stock after selling 36,007 shares during the period. JPMorgan Chase & Co. comprises 0.8% of HighTower Advisors LLC's investment portfolio, making the stock its 25th biggest holding. HighTower Advisors LLC owned about 0.10% of JPMorgan Chase & Co. worth $859,700,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Bank of America Corp DE boosted its holdings in JPMorgan Chase & Co. by 15.8% in the first quarter. Bank of America Corp DE now owns 65,660,460 shares of the financial services provider's stock valued at $19,314,681,000 after purchasing an additional 8,941,351 shares in the last quarter. Norges Bank purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $11,396,496,000. Legal & General Group Plc boosted its holdings in shares of JPMorgan Chase & Co. by 0.6% in the 4th quarter. Legal & General Group Plc now owns 19,019,564 shares of the financial services provider's stock valued at $6,128,484,000 after buying an additional 110,586 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of JPMorgan Chase & Co. by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 18,968,884 shares of the financial services provider's stock valued at $5,578,788,000 after buying an additional 607,288 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of JPMorgan Chase & Co. by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 16,018,656 shares of the financial services provider's stock valued at $5,161,532,000 after buying an additional 296,213 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan’s dividend increase and history of maintaining substantial capital cushions continue to support its appeal as a relatively defensive income stock, particularly compared with other large banks. JPM vs. BAC: The Bank Built to Sustain Dividend Growth When Markets Turn
• Positive Sentiment: The bank is participating in an Nvidia collaboration focused on securing AI agents through tools designed to control and monitor their actions. JPMorgan and Citi are also exploring shared AI technologies for banking workflows, reinforcing the bank’s technology-investment narrative. JPMorgan Chase Stock: AI Collaboration Gains Attention Amid Market Pressure
• Neutral Sentiment: JPMorgan’s market-intelligence team has shifted back to a more constructive view on technology stocks, citing steadier bond markets and lower oil prices. This may support trading and investment-banking activity, but it does not directly change JPMorgan’s near-term earnings outlook. JPMorgan Market Intelligence Desk Goes Bullish on Tech Stocks
• Negative Sentiment: Shares fell below their 50-day simple moving average, a technical breakdown that signals deteriorating near-term momentum and can encourage additional selling by technically oriented investors. JPMorgan Trades Below 50-Day SMA: Buy, Sell or Hold the Stock?
• Negative Sentiment: Valuation concerns remain as JPMorgan trades above an estimated fair-value measure, limiting enthusiasm despite its strong fundamentals. Investors are also weighing elevated market valuations and the possibility of additional Federal Reserve rate hikes if inflation stays persistent. J.P. Morgan Sees Fed Rate Hikes Going Out With a Bang This Year

JPMorgan Chase & Co. Stock Down 1.1%

Shares of NYSE:JPM opened at $331.37 on Thursday. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $366.50. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. The firm's 50-day simple moving average is $353.18 and its 200-day simple moving average is $326.73. The company has a market cap of $880.83 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 1.38 and a beta of 0.98.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.59 by $0.55. The firm had revenue of $58.02 billion during the quarter, compared to analysts' expectations of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The firm's revenue for the quarter was up 27.7% on a year-over-year basis. During the same period in the prior year, the company posted $4.96 earnings per share. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 24.33 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be issued a $1.65 dividend. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $6.60 annualized dividend and a dividend yield of 2.0%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. JPMorgan Chase & Co.'s payout ratio is 25.71%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on JPM. HSBC lifted their price target on shares of JPMorgan Chase & Co. from $369.00 to $377.00 and gave the stock a "hold" rating in a research note on Monday. The Goldman Sachs Group reaffirmed a "buy" rating and set a $418.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. Royal Bank Of Canada lifted their target price on JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 15th. Barclays boosted their target price on JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an "overweight" rating in a report on Wednesday, July 15th. Finally, Citigroup upped their target price on JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a "neutral" rating in a research report on Monday, July 20th. Sixteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and a consensus target price of $363.29.

Insider Activity at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, September 10th. The stock was 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 trade represents a 3.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by corporate insiders.

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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