Kingsview Wealth Management LLC Sells 3,660 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Kingsview Wealth Management reduced its JPMorgan Chase position by 2.4%, selling 3,660 shares and retaining 150,478 shares valued at approximately $49.3 million.
• Institutional investors own 71.55% of JPMorgan’s stock, while analysts maintain a “Moderate Buy” consensus with an average price target of $359.96.
• JPMorgan exceeded quarterly earnings and revenue estimates, reporting $6.14 in EPS and $58.02 billion in revenue, and raised its quarterly dividend to $1.65 per share from $1.50.

Kingsview Wealth Management LLC decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,478 shares of the financial services provider's stock after selling 3,660 shares during the period. Kingsview Wealth Management LLC's holdings in JPMorgan Chase & Co. were worth $49,256,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JPM. Bank of America Corp DE grew its holdings in shares of JPMorgan Chase & Co. by 6.1% during the 2nd quarter. Bank of America Corp DE now owns 69,666,753 shares of the financial services provider's stock valued at $22,804,018,000 after purchasing an additional 4,006,293 shares during the last quarter. Norges Bank purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $11,396,496,000. Bank of New York Mellon Corp grew its stake in shares of JPMorgan Chase & Co. by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 21,642,804 shares of the financial services provider's stock valued at $7,084,339,000 after buying an additional 540,362 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. Legal & General Group Plc now owns 19,019,564 shares of the financial services provider's stock worth $6,128,484,000 after buying an additional 110,586 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake 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 acquiring an additional 607,288 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on JPM shares. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and set a $375.00 price objective for the company in a research report on Wednesday, July 22nd. Royal Bank Of Canada lifted their target price on shares of JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 15th. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a "neutral" rating in a research report on Monday, July 20th. Robert W. Baird boosted their price objective on shares of JPMorgan Chase & Co. from $295.00 to $305.00 and gave the company a "neutral" rating in a research report on Wednesday, July 15th. Finally, Barclays upped their price objective on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an "overweight" rating in a research note on Wednesday, July 15th. Sixteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $359.96.

JPMorgan Chase & Co. Trading Down 0.8%

JPMorgan Chase & Co. stock opened at $337.36 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.30. The business's fifty day simple moving average is $353.83 and its two-hundred day simple moving average is $325.00. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $366.50. The company has a market capitalization of $896.76 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 1.40 and a beta of 0.98.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.59 by $0.55. The company had revenue of $58.02 billion during the quarter, compared to analyst estimates 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 previous year, the business earned $4.96 EPS. As a group, equities analysts predict that JPMorgan Chase & Co. will post 24.3 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be paid a dividend of $1.65 per share. The ex-dividend date is Tuesday, October 6th. This represents a $6.60 annualized dividend and a yield of 2.0%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 25.71%.

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: Asset-management growth opportunity: JPMorgan Asset Management agreed to manage part of a $20 billion multi-market investment partnership with Qatar Investment Authority, spanning public equities and private credit. The mandate could support long-term fee revenue and strengthen JPMorgan’s global asset-management franchise. JPMorgan Chase Lands $20 Billion Mandate
• Positive Sentiment: Payments expansion: JPMorgan Payments is working with Thunes to accelerate cross-border payouts to bank accounts and mobile wallets across more than 100 corridors. Broader real-time payments connectivity could help the bank capture additional transaction and payments revenue. JPMorgan Payments Expands Cross-Border Payments
• Positive Sentiment: India expansion: JPMorgan plans to double its GIFT City business and expand liquidity and payments capabilities, positioning the bank for growth as India’s role in global trade and finance increases. JPMorgan India Expansion Plan
• Positive Sentiment: Capital returns: JPMorgan recently raised its quarterly dividend to $1.65 per share from $1.50, reinforcing its shareholder-return appeal and confidence in capital generation. JPMorgan Raises Its Dividend
• Neutral Sentiment: Private-credit strategy: JPMorgan is reportedly considering allowing private-credit firms to approve some credit-card applicants it rejects. The move could create fee or funding opportunities, but it also raises questions about credit risk, customer relationships and regulatory oversight. JPMorgan Weighs Opening Card Business to Private Credit
• Negative Sentiment: Broad bank-sector selloff: JPM shares declined amid a rotation into technology stocks and renewed concerns that AI could disrupt traditional financial services. Rising August card delinquencies and charge-offs, although still below year-ago levels, added to concerns about consumer-credit quality. JPMorgan Stock Slips as Traders Shift to Tech
• Negative Sentiment: Regulatory and geopolitical overhang: Reports involving Russia-linked payments and scrutiny of Treasury Secretary Scott Bessent’s incorrectly reported JPMorgan holdings may add to compliance and reputational concerns, even though the ethics review found no knowing violation by Bessent. Bessent JPMorgan Holdings Review

Insider Activity

In other news, insider Robin Leopold sold 2,500 shares of the firm'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 sale, the insider 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 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. 0.41% of the stock is currently owned by 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, lending, payments, investment banking, asset management and wealth management services to consumers, businesses, institutional clients and governments.

The company operates through four primary business areas: Consumer & Community Banking; Commercial & Investment Banking; Asset & Wealth Management; and Corporate. Its offerings include deposit accounts, credit cards, mortgages, auto loans, business banking, commercial lending, treasury services, investment banking, securities trading, investment management and private banking.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across numerous international markets.

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