JPMorgan Chase & Co. $JPM Stock Sold by Hosking Partners LLP

Key Points

• Hosking Partners LLP cut its JPMorgan stake by 5.7% in the third quarter, selling 5,858 shares and retaining 96,152 shares valued at approximately $31.8 million. Institutional investors overall own 71.55% of the company.
• Analysts maintain a generally positive outlook, with JPMorgan holding a consensus “Moderate Buy” rating and an average price target of $368.10. Recent target increases from HSBC, Baird and Morgan Stanley were offset by mostly neutral ratings.
• JPMorgan’s latest quarterly results missed expectations, with EPS of $5.75 versus a $5.94 consensus and revenue of $50.17 billion versus $51.23 billion expected. The bank raised its quarterly dividend to $1.65 per share, equivalent to a 2.0% annualized yield.

Hosking Partners LLP reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 96,152 shares of the financial services provider's stock after selling 5,858 shares during the period. Hosking Partners LLP's holdings in JPMorgan Chase & Co. were worth $31,810,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of JPM. Horizons Wealth Management acquired a new stake in JPMorgan Chase & Co. during the third quarter worth about $31,000. MBM Wealth Consultants LLC purchased a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $29,000. Aventus Investment Advisors Inc. acquired a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $33,000. Timbuktu Capital Management LLC acquired a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $50,000. Finally, NI Acquisitions Company LLC acquired a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $51,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. HSBC raised their price objective 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, September 28th. Jefferies Financial Group reaffirmed a "neutral" rating on shares of JPMorgan Chase & Co. in a report on Friday, September 25th. Robert W. Baird boosted their target price on shares of JPMorgan Chase & Co. from $305.00 to $312.00 and gave the company a "neutral" rating in a research note on Wednesday, October 14th. Keefe, Bruyette & Woods reissued an "outperform" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 14th. Finally, Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $370.00 to $377.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $368.10.

Insider Activity

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 sale, the insider owned 71,047 shares of the company's stock, 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 can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by company insiders.

JPMorgan Chase & Co. News Roundup

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.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $331.82 on Friday. The company has a market capitalization of $882.04 billion, a P/E ratio of 13.92, a P/E/G ratio of 1.31 and a beta of 1.02. The business's 50 day moving average is $345.41 and its two-hundred day moving average is $331.70. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.31. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $50.17 billion during the quarter, compared to analyst estimates of $51.23 billion. JPMorgan Chase & Co. had a net margin of 21.85% and a return on equity of 18.48%. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $5.07 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 23.97 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

JPMorgan Chase & Co. 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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