Tudor Financial Inc. Sells 9,258 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Tudor Financial cut its JPMorgan Chase stake by 53.3% in the second quarter, selling 9,258 shares and retaining 8,097 shares worth approximately $2.65 million.
• JPMorgan reported stronger-than-expected quarterly results, with earnings of $6.14 per share and revenue of $58.02 billion; revenue increased 27.7% year over year.
• The bank raised its quarterly dividend to $1.65 per share, while analysts maintained an overall “Moderate Buy” rating with an average price target of $363.29.

Tudor Financial Inc. decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 53.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,097 shares of the financial services provider's stock after selling 9,258 shares during the period. JPMorgan Chase & Co. comprises 1.2% of Tudor Financial Inc.'s portfolio, making the stock its 23rd largest holding. Tudor Financial Inc.'s holdings in JPMorgan Chase & Co. were worth $2,650,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Bank of America Corp DE grew its position in JPMorgan Chase & Co. by 6.1% during the second 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 in the last quarter. Norges Bank acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $11,396,496,000. Bank of New York Mellon Corp boosted its stake in shares of JPMorgan Chase & Co. by 2.6% during the 2nd 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,833,413 shares of the financial services provider's stock valued at $6,164,741,000 after acquiring an additional 134,634 shares in the last quarter. Finally, Legal & General Group Plc increased its stake 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 acquiring an additional 110,586 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about JPMorgan Chase & Co.

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

• Positive Sentiment: HSBC raised its JPMorgan price target to $377 from $369 while maintaining a Hold rating, implying potential upside from the current level. HSBC Adjusts Price Target on JPMorgan Chase
• Positive Sentiment: JPMorgan Asset Management is planning a $20 billion partnership with Qatar Investment Authority, including management of approximately $15 billion by JPMorgan. The agreement could strengthen the bank’s global asset-management franchise and generate longer-term fee revenue. JPMorgan’s QIA Partnership
• Positive Sentiment: JPMorgan strategists said the technology sell-off has run its course in many areas and identified several large technology stocks as attractively valued. This could support investment-banking, markets, and asset-management activity if technology sentiment improves. JPMorgan Technology Strategy
• Neutral Sentiment: JPMorgan is reportedly considering a roughly $3.8 billion construction loan for an Extell condominium tower. The potential transaction would be sizable, but it also exposes the bank to commercial real-estate and project-specific credit risk. JPMorgan Extell Construction Loan
• Negative Sentiment: JPMorgan’s shares underperformed the broader market during the latest session, reflecting investor caution despite the higher HSBC target. Commentary also highlighted risks that agentic artificial intelligence could weaken banks’ control over valuable customer traffic and financial-service distribution. Why JPMorgan Dipped More Than the Broader Market

JPMorgan Chase & Co. Trading Down 1.8%

JPMorgan Chase & Co. stock opened at $336.92 on Tuesday. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $366.50. The company's fifty day moving average price is $353.72 and its two-hundred day moving average price is $326.05. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $895.59 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.41 and a beta of 0.98.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations of $50.72 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The business's quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.96 earnings per share. On average, analysts forecast 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. Investors of record on Tuesday, October 6th will be issued a $1.65 dividend. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. The ex-dividend date is Tuesday, October 6th. This represents a $6.60 annualized dividend and a yield of 2.0%. JPMorgan Chase & Co.'s dividend payout ratio is presently 25.71%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the company'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 owned 71,047 shares of the company's stock, valued at $25,066,092.07. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

JPM has been the topic of a number of recent research reports. Barclays boosted their target price on JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an "overweight" rating in a research note on Wednesday, July 15th. Zacks Research downgraded JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 14th. Evercore reiterated an "outperform" rating and set a $360.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 6th. Bank of America boosted their price target on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. Finally, Morgan Stanley restated a "positive" rating and issued a $370.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, July 15th. Sixteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and an average price target of $363.29.

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, 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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