JPMorgan Chase & Co. $JPM Stock: Single Point Partners LLC Reduces Holdings

Single Point Partners LLC lowered its stake in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 45.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,908 shares of the financial services provider’s stock after selling 1,574 shares during the quarter. Single Point Partners LLC’s holdings in JPMorgan Chase & Co. were worth $631,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in shares of JPMorgan Chase & Co. by 15.8% during the first quarter. Bank of America Corp DE now owns 65,660,460 shares of the financial services provider’s stock worth $19,314,681,000 after acquiring an additional 8,941,351 shares during the period. Ascentis Wealth Management LLC lifted its position in JPMorgan Chase & Co. by 32,672.0% in the 2nd quarter. Ascentis Wealth Management LLC now owns 4,647,071 shares of the financial services provider’s stock valued at $1,521,126,000 after acquiring an additional 4,632,891 shares in the last quarter. Jupiter Topco LLC bought a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at $1,274,097,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in JPMorgan Chase & Co. by 31.5% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,944,004 shares of the financial services provider’s stock valued at $2,042,648,000 after acquiring an additional 1,662,250 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in JPMorgan Chase & Co. by 22.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 8,020,990 shares of the financial services provider’s stock worth $2,625,511,000 after purchasing an additional 1,496,676 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $336.43 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. 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 $894.28 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 1.32 and a beta of 1.02. The firm’s 50 day moving average is $346.03 and its 200-day moving average is $331.70.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its earnings results on Tuesday, October 13th. The financial services provider reported $5.75 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 business had revenue of $50.17 billion for the quarter, compared to analyst estimates of $51.23 billion. During the same quarter in the previous year, the company posted $5.07 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities research analysts anticipate that JPMorgan Chase & Co. will post 23.99 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be paid a $1.65 dividend. This represents a $6.60 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, October 6th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.68%.

Key JPMorgan Chase & Co. News

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

  • Positive Sentiment: JPMorgan expanded its USD-backed JPM Coin to the public Ethereum mainnet, allowing institutional clients to make on-chain dollar transfers with faster settlement and 24/7 availability. The move could broaden adoption of JPMorgan’s payment infrastructure and strengthen its competitive position in institutional digital assets. JPMorgan Chase Takes JPM Coin to Ethereum for Institutional Payments
  • Positive Sentiment: J.P. Morgan Asset Management made its tokenized money-market funds available on Solana for qualified U.S. investors. Multi-chain distribution could expand assets on the firm’s on-chain platform and create longer-term fee and deposit opportunities. J.P. Morgan Asset Management Expands Access to Its Tokenized Money Market Funds on Solana
  • Positive Sentiment: JPMorgan, Goldman Sachs and Morgan Stanley reportedly captured nearly 80% of the top-five banks’ equity-trading revenue this year, with activity boosted by institutional demand for leveraged artificial-intelligence trades. Strong trading revenue is a favorable catalyst for JPM’s markets business. Goldman Sachs, JPMorgan and Morgan Stanley are dominating the AI stock boom
  • Positive Sentiment: JPMorgan’s dividend and balance-sheet profile were highlighted favorably among major U.S. banks, reinforcing its reputation as a well-capitalized income investment. These 4 Big Banks Pay Similar Dividends
  • Neutral Sentiment: JPMorgan Asset Management forecast a 10% annualized return for Bitcoin over the next 10–15 years, but its 55% volatility means Bitcoin is not being included in the firm’s core portfolio models. The forecast enhances JPM’s digital-assets profile but is not a direct earnings catalyst. JPMorgan Puts a Number on Bitcoin for the First Time
  • Negative Sentiment: The bank’s latest quarterly results missed consensus estimates for both earnings per share and revenue, despite year-over-year growth. That performance remains a potential overhang, particularly with the stock trading below its 50-day moving average.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JPM. TD Cowen started coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, October 8th. They issued a “hold” rating and a $370.00 target price for the company. The Goldman Sachs Group reissued an “outperform” rating and issued a $392.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 13th. Barclays boosted their price target on JPMorgan Chase & Co. from $420.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, October 14th. HSBC upped their price objective on JPMorgan Chase & Co. from $369.00 to $377.00 and gave the stock a “hold” rating in a research report on Monday, September 28th. Finally, Truist Financial increased 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. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $368.10.

Read Our Latest Research Report on JPM

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. 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 transaction of $882,025.00. Following the sale, the insider directly owned 71,047 shares of the company’s stock, valued at $25,066,092.07. The trade was a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 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.

(Free Report)

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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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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