WestEnd Advisors LLC Sells 6,035 Shares of JPMorgan Chase & Co. $JPM

Key Points

• WestEnd Advisors reduced its JPMorgan stake by 5% in the third quarter, selling 6,035 shares and retaining 115,396 shares valued at approximately $38.2 million. Institutional investors collectively own 71.55% of the company.
• JPMorgan shares opened at $340.75, near the middle of their 12-month range. The bank’s latest quarterly results missed analyst expectations, with EPS of $5.75 versus $5.94 expected and revenue of $50.17 billion versus $51.23 billion forecast.
• JPMorgan increased its quarterly dividend to $1.65 from $1.50, equivalent to $6.60 annually and a 1.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $368.33.

WestEnd Advisors LLC cut its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,396 shares of the financial services provider's stock after selling 6,035 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.8% of WestEnd Advisors LLC's holdings, making the stock its 28th largest position. WestEnd Advisors LLC's holdings in JPMorgan Chase & Co. were worth $38,177,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. E Fund Management Co. Ltd. lifted its holdings in shares of JPMorgan Chase & Co. by 7.1% in the second quarter. E Fund Management Co. Ltd. now owns 29,956 shares of the financial services provider's stock worth $9,805,000 after buying an additional 1,973 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its position in shares of JPMorgan Chase & Co. by 4.6% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 343,644 shares of the financial services provider's stock worth $112,485,000 after acquiring an additional 15,017 shares during the last quarter. Neumann Capital Management LLC purchased a new position in JPMorgan Chase & Co. during the third quarter valued at $3,457,000. First National Bank of Mount Dora Trust Investment Services grew its stake in JPMorgan Chase & Co. by 18.7% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 41,218 shares of the financial services provider's stock valued at $12,125,000 after acquiring an additional 6,492 shares in the last quarter. Finally, FAS Wealth Partners Inc. grew its stake in JPMorgan Chase & Co. by 4.3% during the first quarter. FAS Wealth Partners Inc. now owns 43,527 shares of the financial services provider's stock valued at $12,804,000 after acquiring an additional 1,794 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 1.1%

Shares of JPM opened at $340.75 on Tuesday. JPMorgan Chase & Co. has a twelve month low of $279.10 and a twelve month high of $366.50. The company has a market cap of $905.79 billion, a P/E ratio of 14.29, a P/E/G ratio of 1.34 and a beta of 1.02. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.31. The company's fifty day simple moving average is $343.12 and its 200-day simple moving average is $323.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $5.75 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $51.23 billion. During the same period in the prior year, the firm posted $5.07 earnings per share. JPMorgan Chase & Co.'s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, analysts expect that JPMorgan Chase & Co. will post 23.97 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th were issued a $1.65 dividend. The ex-dividend date was Tuesday, October 6th. This represents a $6.60 annualized dividend and a dividend yield of 1.9%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.68%.

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: UBS raised its price target to $400 and reiterated a “buy” rating, implying approximately 17.4% upside from the referenced share price. The upgrade reflects continued confidence in JPMorgan’s earnings power and franchise strength.
• Positive Sentiment: JPMorgan is among major banks with substantial stock-repurchase programs. Buybacks can support earnings per share and shareholder returns, although the bank is balancing repurchases against investments in its businesses and client support. 3 Bank Stocks With Buyback Plans of at Least $30 Billion Worth a Look
• Positive Sentiment: ETFs recorded a net $83.1 million inflow into JPMorgan shares on October 29, with 40 funds buying and 15 selling. The flow indicates supportive institutional demand, though it is a short-term trading signal. ETFs Bought $83.1 Million of JPMorgan on Oct. 29
• Positive Sentiment: JPMorgan continues expanding its digital-asset and technology capabilities. Its involvement in tokenized funds and stablecoin-related infrastructure could create longer-term growth opportunities, while the appointment of a data-infrastructure chief supports AI and digital-banking initiatives. Blackrock, JPMorgan and Visa Bolster Grayscale’s Crypto Growth Case
• Neutral Sentiment: JPMorgan strategists expect renewed geopolitical risk after the U.S. midterm elections but view any market selloff as a potential buying opportunity. This could support JPM sentiment if investors favor large, diversified banks during volatility. Post-midterm geopolitical risks could create another buying opportunity
• Negative Sentiment: JPMorgan’s latest quarterly earnings missed consensus estimates, with earnings per share of $5.75 versus $5.94 expected and revenue of $50.17 billion versus $51.23 billion expected. Management’s decision to reduce buybacks while increasing investment could pressure near-term per-share returns, despite a higher 2026 net-interest-income outlook. Learn Why The Bull Case For JPMorgan Chase Stock Could Change Following Earnings Miss

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the firm's stock in a transaction 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 transaction, the insider owned 71,047 shares in the company, valued at approximately $25,066,092.07. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.41% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on JPM. Barclays increased their price target on JPMorgan Chase & Co. from $420.00 to $425.00 and gave the company an "overweight" rating in a research note on Wednesday, October 14th. The Goldman Sachs Group reaffirmed an "outperform" rating and issued a $392.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 13th. Truist Financial upped their price objective on JPMorgan Chase & Co. from $352.00 to $361.00 and gave the stock a "hold" rating in a report on Wednesday, October 14th. Jefferies Financial Group reaffirmed a "neutral" rating on shares of JPMorgan Chase & Co. in a report on Friday, September 25th. Finally, Robert W. Baird increased their target price on JPMorgan Chase & Co. from $305.00 to $312.00 and gave the company a "neutral" rating in a research report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and thirteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and a consensus target price of $368.33.

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, lending, investment banking, payments, asset management and wealth management services to individuals, businesses, governments and institutional clients.

Its major business segments include Consumer & Community Banking, which offers deposit accounts, credit cards, mortgages, auto loans and other financial products; Commercial & Investment Banking, which provides corporate lending, advisory, underwriting, trading, treasury and payments services; and Asset & Wealth Management, which serves individual and institutional investors with investment management, brokerage and related advisory services.

JPMorgan Chase serves customers in the United States and operates internationally through offices and businesses in major financial centers around the world.

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