JPMorgan Chase & Co. $JPM Stock: Thurston Springer Miller Herd & Titak Inc. Lowers Stake

Key Points

• Thurston Springer Miller Herd & Titak Inc. cut its JPMorgan stake by 80.1% in the third quarter, selling 7,030 shares and retaining 1,747 shares valued at approximately $578,000.
• Institutional ownership remains substantial at 71.55%, with several funds increasing their positions, including Liberty Atlantic Advisors, which boosted its stake by 65.4%.
• JPMorgan reported strong year-over-year growth but missed quarterly estimates, posting $5.75 in EPS and $50.17 billion in revenue; analysts maintain a “Moderate Buy” consensus with a $365.04 target price, while the quarterly dividend increased to $1.65 per share.

Thurston Springer Miller Herd & Titak Inc. reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 80.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,747 shares of the financial services provider's stock after selling 7,030 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.0% of Thurston Springer Miller Herd & Titak Inc.'s holdings, making the stock its 15th largest holding. Thurston Springer Miller Herd & Titak Inc.'s holdings in JPMorgan Chase & Co. were worth $578,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of JPM. First Citizens Bank & Trust Co. lifted its stake in shares of JPMorgan Chase & Co. by 18.7% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 136,045 shares of the financial services provider's stock valued at $45,008,000 after purchasing an additional 21,441 shares during the last quarter. Focus Financial Network Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 3.2% in the 3rd quarter. Focus Financial Network Inc. now owns 34,658 shares of the financial services provider's stock worth $11,466,000 after purchasing an additional 1,080 shares during the period. My Personal CFO LLC boosted its holdings in shares of JPMorgan Chase & Co. by 4.9% in the 3rd quarter. My Personal CFO LLC now owns 2,863 shares of the financial services provider's stock worth $947,000 after purchasing an additional 133 shares during the period. Succession Financial Inc. bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at approximately $534,000. Finally, Liberty Atlantic Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 65.4% during the 3rd quarter. Liberty Atlantic Advisors LLC now owns 1,654 shares of the financial services provider's stock valued at $547,000 after purchasing an additional 654 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. News Roundup

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

• Positive Sentiment: Management projected approximately $107 billion in 2027 net interest income, excluding Markets, implying continued growth from fourth-quarter guidance. Resilient consumer activity, asset inflows and strength across investment banking and commercial banking supported the outlook. JPMorgan Q3 Earnings Call Highlights Capital Deployment and AI Risks
• Positive Sentiment: Analysts raised their price targets despite the results. Morgan Stanley lifted its target to $377 while maintaining an Equal Weight rating, and RBC reaffirmed Outperform with a $370 target. These revisions indicate that analysts view the earnings shortfall as manageable. JPMorgan Analysts Boost Their Forecasts After Q3 Results
• Positive Sentiment: Third-quarter revenue rose about 8% year over year to roughly $50.2 billion, while net income increased 6%. Consumer & Community Banking, the Commercial & Investment Bank and Asset & Wealth Management all posted year-over-year profit growth. JPMorgan Chase Reports $15.3 Billion Third-Quarter Net Income
• Neutral Sentiment: JPMorgan is restricting unvetted external AI agents from directly accessing customer accounts and is developing internal defensive tools. The policy limits near-term AI disruption and security exposure, but could increase technology and compliance costs. JPMorgan Chase blocks outside AI agents
• Negative Sentiment: Adjusted earnings of $5.75 per share missed the $5.94 consensus estimate, while revenue also fell short of expectations. Lower fixed-income trading revenue, investment-securities losses and softer dealmaking weighed on results. JPMorgan Earnings Miss Estimates But Reveal Broad-Based Strength
• Negative Sentiment: CEO Jamie Dimon warned that prolonged high interest rates could weaken consumer credit and that the probability of a market shock is higher than many investors assume. A flattening yield curve, inflation and elevated fiscal deficits remain additional risks to future bank profitability. Jamie Dimon Sees Higher Chance of Market Trouble

Wall Street Analyst Weigh In

JPM has been the topic of several recent research reports. Keefe, Bruyette & Woods restated an "outperform" rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Jefferies Financial Group restated a "neutral" rating on shares of JPMorgan Chase & Co. in a research report on Friday, September 25th. Morgan Stanley lifted their price objective on shares of JPMorgan Chase & Co. from $370.00 to $377.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Evercore reiterated an "outperform" rating and set a $360.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. Finally, Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $420.00 to $425.00 and gave the company an "overweight" rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $365.04.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $335.03 on Thursday. 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 1-year low of $279.10 and a 1-year high of $366.50. The firm has a market capitalization of $890.58 billion, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 1.36 and a beta of 1.02. The company's 50-day moving average is $349.00 and its 200 day moving average is $329.80.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.94 by ($0.19). JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The firm had revenue of $50.17 billion during the quarter, compared to the consensus estimate of $51.23 billion. During the same period in the previous year, the business earned $5.07 EPS. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 24.18 EPS 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 is Tuesday, October 6th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a dividend yield of 2.0%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 28.28%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related 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 transaction of $882,025.00. Following the completion of the sale, the insider directly 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 sale 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. Insiders own 0.41% of the company's stock.

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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