Valeo Financial Advisors LLC Sells 17,885 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Valeo Financial Advisors cut its JPMorgan stake by 13.7% in the third quarter, selling 17,885 shares and retaining 112,777 shares valued at approximately $37.3 million.
• Institutional investors own 71.55% of JPMorgan’s stock, with major firms including State Street, Bank of America, and Bank of New York Mellon increasing their positions.
• JPMorgan reported quarterly earnings and revenue above analyst expectations and raised its quarterly dividend to $1.65 per share, while analysts maintain a “Moderate Buy” consensus with a $362.88 price target.

Valeo Financial Advisors LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 13.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 112,777 shares of the financial services provider's stock after selling 17,885 shares during the period. JPMorgan Chase & Co. makes up approximately 0.8% of Valeo Financial Advisors LLC's investment portfolio, making the stock its 24th largest position. Valeo Financial Advisors LLC's holdings in JPMorgan Chase & Co. were worth $37,310,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of JPMorgan Chase & Co. by 0.8% in the 2nd quarter. State Street Corp now owns 125,209,293 shares of the financial services provider's stock valued at $40,984,758,000 after buying an additional 932,632 shares during the period. Bank of America Corp DE boosted its holdings in 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 acquiring an additional 4,006,293 shares during the period. Bank of New York Mellon Corp boosted its holdings in 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 acquiring an additional 540,362 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in JPMorgan Chase & Co. by 0.7% in 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, Dimensional Fund Advisors LP increased its stake in JPMorgan Chase & Co. by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 18,968,884 shares of the financial services provider's stock worth $5,578,788,000 after purchasing an additional 607,288 shares during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

JPM stock traded up $0.96 during midday trading on Thursday, hitting $330.54. 3,915,547 shares of the stock were exchanged, compared to its average volume of 9,207,759. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $366.50. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85. The stock's 50-day moving average price is $351.12 and its 200-day moving average price is $328.32. The stock has a market cap of $878.65 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 1.36 and a beta of 1.02.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, beating analysts' consensus estimates of $5.59 by $0.55. The firm had revenue of $58.02 billion for the quarter, compared to analysts' expectations 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 was up 27.7% on a year-over-year basis. During the same period in the prior year, the company earned $4.96 EPS. Research analysts predict that JPMorgan Chase & Co. will post 24.16 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be given a dividend of $1.65 per share. The ex-dividend date of this dividend 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 yield of 2.0%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 28.28%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Citigroup raised their price objective on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a "neutral" rating in a research note on Monday, July 20th. Morgan Stanley reaffirmed a "positive" rating and issued a $370.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, July 15th. Evercore reiterated an "outperform" rating and set a $360.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. Truist Financial upped their price target on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a "hold" rating in a research report on Wednesday, July 15th. Finally, HSBC boosted their target price on JPMorgan Chase & Co. from $369.00 to $377.00 and gave the company a "hold" rating in a report on Monday, September 28th. Fifteen research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and a consensus target price of $362.88.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: Strong Q3 earnings expectations: Analysts anticipate solid revenue growth and continued momentum across JPMorgan’s banking businesses. The prior quarter already exceeded consensus estimates, and investors are watching whether investment banking, trading and net interest income can sustain that performance. JPMorgan Q3 Earnings Preview
• Positive Sentiment: Dividend growth reinforces the investment case: JPMorgan recently raised its dividend by 10%, signaling confidence in earnings power and capital generation. The increase appears manageable relative to the bank’s profitability and could appeal to income-focused investors. JPMorgan Dividend Increase
• Positive Sentiment: Analyst coverage offers upside: TD Cowen initiated coverage with a “hold” rating but set a $370 price target, implying meaningful upside from recent trading levels. The neutral rating suggests the target is balanced against valuation and execution risks.
• Positive Sentiment: Business expansion continues: Chase is adding payroll services to its business-banking platform, potentially deepening relationships with small and midsize businesses and creating additional fee revenue opportunities. Chase Adds Payroll
• Neutral Sentiment: Leadership change in Germany: Eleni Skoura will lead Chase’s Germany business, succeeding Daniel Llano Manibardo. The appointment may support European expansion, but no immediate financial impact was disclosed. JPMorgan Appoints Chase Germany Head
• Negative Sentiment: Higher long-term yields are a risk: JPMorgan strategists warn that sharply rising 30-year Treasury yields could pressure markets, reduce bond values and weigh on small- and mid-cap borrowers. Broader market volatility could also affect deal activity and credit conditions. JPMorgan Warns on Rising Yields
• Negative Sentiment: Risks ahead of earnings: Elevated expenses, potential credit deterioration and JPMorgan’s relatively high valuation could limit upside even if headline earnings beat expectations. The U.S. housing market’s affordability problems may also weigh on mortgage activity and consumer credit. JPMorgan Shares Before Q3 Earnings

Insider Buying and Selling at JPMorgan Chase & Co.

In related 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 value of $882,025.00. Following the completion of the transaction, the insider owned 71,047 shares of the company's stock, valued at approximately $25,066,092.07. The trade was a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. 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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