JPMorgan Chase & Co. $JPM Stock Sold by Inscription Capital LLC

Key Points

• Inscription Capital cut its JPMorgan stake by 27% in the third quarter, selling 4,053 shares and ending the period with 10,932 shares valued at about $3.62 million.
• JPMorgan’s latest quarter fell short of analyst expectations, reporting earnings of $5.75 per share versus $5.94 expected and revenue of $50.17 billion versus $51.23 billion expected, though revenue rose 8.1% year over year.
• Analysts’ average rating was “Moderate Buy,” with an average price target of $368.33. The company also raised its quarterly dividend to $1.65 per share from $1.50.

Inscription Capital LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 27.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,932 shares of the financial services provider's stock after selling 4,053 shares during the quarter. Inscription Capital LLC's holdings in JPMorgan Chase & Co. were worth $3,617,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Horizons Wealth Management purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter worth approximately $31,000. Aventus Investment Advisors Inc. purchased a new position in JPMorgan Chase & Co. in the 2nd quarter valued at approximately $33,000. Team Financial Group LLC purchased a new position in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $50,000. Timbuktu Capital Management LLC purchased a new position in JPMorgan Chase & Co. in the 2nd quarter valued at approximately $50,000. Finally, NI Acquisitions Company LLC acquired a new position in shares of JPMorgan Chase & Co. in the second quarter worth $51,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on JPM shares. Royal Bank Of Canada reiterated an "outperform" rating and issued a $370.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 14th. Zacks Research lowered JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $375.00 to $390.00 and gave the stock an "overweight" rating in a research note on Friday, August 14th. Citigroup cut their price target on JPMorgan Chase & Co. from $360.00 to $350.00 and set a "neutral" rating on the stock in a report on Thursday, October 15th. Finally, Wall Street Zen lowered JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and an average price target of $368.33.

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: IPO activity lifted investment-bank sentiment. JPMorgan shares were among the large bank stocks gaining as investors focused on banks’ opportunity to earn fees from a coming wave of major IPOs. This is a near-term tailwind, though the article does not identify a specific JPMorgan mandate. Article: Morgan Stanley Climbs 4% on Vinyl Equity Deal to Capture IPO Wealth; Goldman Sachs Rises 5%, JPMorgan Gains 2%
• Neutral Sentiment: Shareholding disclosures appear to be secondary. JPMorgan and affiliates ceased to be substantial holders of Liontown, while a separate filing disclosed a 6.884% stake in BlueNord. These notices concern JPMorgan’s investment holdings and provide little direct information about its operating outlook. Article: JPMorgan Chase and Affiliates Cease to Be Substantial Holders of Liontown Article: JPMorgan Chase Discloses 6.884% Stake in BlueNord
• Negative Sentiment: Potential 2027 M&A slowdown could weigh on advisory fees. JPMorgan expects deal activity to moderate, which may pressure investment-banking revenue; more private-equity exits could partly offset that risk. Article: JPM Expects M&A Slowdown in 2027: Can Private Equity Exits Offset?
• Negative Sentiment: Reported ETF selling may signal some investor outflows. ETFs were net sellers of $144.5 million of JPMorgan shares on Nov. 5. This is a dated flow datapoint, not evidence by itself of a lasting change in sentiment. Article: ETFs Are Net Sellers of JPMorgan Chase (JPM) on Nov. 5

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $341.95 on Tuesday. JPMorgan Chase & Co. has a 1-year low of $279.10 and a 1-year high of $366.50. The stock has a market cap of $908.09 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 1.39 and a beta of 1.03. 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 firm has a fifty day moving average price of $341.56 and a 200 day moving average price of $323.98.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly 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 firm 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 company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.07 EPS. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 23.95 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th were paid a $1.65 dividend. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $6.60 annualized dividend and a yield of 1.9%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.68%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a global financial services company serving consumers, businesses, institutional clients and governments. Its operations include consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management.

The company offers services such as deposit accounts, credit cards, mortgages, auto financing, lending, payment processing and investment advice. It also provides institutional clients with investment banking, markets, treasury and securities services, and commercial lending.

Headquartered in New York City, JPMorgan Chase serves customers across the United States and operates in many international markets.

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.