JPMorgan Chase & Co. $JPM Stock Sold by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue reduced its JPMorgan stake by 3.8%, selling 10,744 shares and retaining 268,618 shares valued at approximately $88.9 million. Institutional investors collectively own 71.55% of the company.
• Analysts maintain a generally positive outlook, with JPMorgan carrying a consensus “Moderate Buy” rating and an average price target of $365.45, though ratings range from “Neutral” to “Strong Buy.”
• JPMorgan’s latest quarterly results missed expectations, reporting $5.75 in EPS versus $5.94 expected and $50.17 billion in revenue versus $51.23 billion forecast, while the bank raised its quarterly dividend to $1.65 per share.

State of Alaska Department of Revenue lessened its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 268,618 shares of the financial services provider's stock after selling 10,744 shares during the period. JPMorgan Chase & Co. comprises 0.8% of State of Alaska Department of Revenue's portfolio, making the stock its 18th largest holding. State of Alaska Department of Revenue's holdings in JPMorgan Chase & Co. were worth $88,866,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Horizons Wealth Management purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at $31,000. MBM Wealth Consultants LLC purchased a new position in shares of JPMorgan Chase & Co. in the first quarter worth $29,000. Aventus Investment Advisors Inc. purchased a new position in shares of JPMorgan Chase & Co. in the second quarter worth $33,000. Osbon Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $35,000. Finally, Timbuktu Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. during the second quarter valued at $50,000. Institutional investors own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the stock in a transaction that occurred 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 transaction, the insider owned 71,047 shares in the company, valued at $25,066,092.07. This represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank Of Canada reiterated an "outperform" rating and issued a $370.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday. Jefferies Financial Group reissued a "neutral" rating on shares of JPMorgan Chase & Co. in a research report on Friday, September 25th. Bank of America upped their target price on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $375.00 to $390.00 and gave the company an "overweight" rating in a report on Friday, August 14th. Finally, Barclays raised their price target on shares of JPMorgan Chase & Co. from $420.00 to $425.00 and gave the company an "overweight" rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $365.45.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock traded up $3.96 during mid-day trading on Friday, reaching $339.49. 8,413,461 shares of the stock traded hands, compared to its average volume of 8,676,750. The stock has a market capitalization of $902.43 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 1.33 and a beta of 1.02. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.85. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $366.50. The business's 50-day moving average is $348.22 and its 200-day moving average is $330.24.

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 for the quarter, missing analysts' consensus estimates of $5.94 by ($0.19). The firm had revenue of $50.17 billion during the quarter, compared to the consensus estimate 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 was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $5.07 EPS. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 23.74 EPS for the current fiscal 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 given a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, October 6th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. JPMorgan Chase & Co.'s payout ratio is currently 27.68%.

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: JPMorgan reported approximately $15.3 billion in third-quarter net income and added more than 650,000 net new checking accounts, highlighting continued customer and deposit growth. JPMorgan Chase: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts remain constructive: Royal Bank of Canada reiterated an Outperform rating, while Morgan Stanley and Robert W. Baird published bullish outlooks. Investors may view JPMorgan’s scale, profitability and balance-sheet strength as defensive advantages if economic conditions deteriorate. JPMorgan Earns Outperform Rating from Royal Bank of Canada
• Positive Sentiment: The bank’s decision to block unvetted third-party AI agents from customer accounts could reduce cybersecurity, fraud and operational risks, while its AI strategy continues to develop under tighter controls. Jamie Dimon Warns About AI Payment Agents
• Neutral Sentiment: Citigroup lowered its price target from $360 to $350 while maintaining a Neutral rating, suggesting limited near-term upside but no major deterioration in its view. Citigroup Lowers JPMorgan Price Target
• Neutral Sentiment: JPMorgan and Goldman Sachs increased the yield and improved terms on a $5 billion leveraged loan for Volta Infrastructure, indicating stronger investor compensation is needed for riskier AI-related debt. This may support fee activity but also underscores tighter credit-market conditions. JPMorgan and Goldman Boost Yield on Volta AI Loan
• Negative Sentiment: The third-quarter earnings release included an EPS miss, while revenue also came in below consensus estimates. The shortfall has raised questions about whether the stock’s recent gains already reflect much of its earnings strength. JPMorgan Misses Third Quarter Earnings
• Negative Sentiment: One Seeking Alpha analysis downgraded JPMorgan to Hold, citing leverage as a potential constraint on future earnings. CEO Jamie Dimon also warned that inflation, elevated asset prices, bond yields and the possibility of a market shock remain important risks. JPMorgan Leverage a Concern to Future Earnings

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, 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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