Smith Chas P & Associates PA Cpas lessened its stake in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 5.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 272,271 shares of the financial services provider’s stock after selling 16,212 shares during the quarter. JPMorgan Chase & Co. makes up approximately 4.6% of Smith Chas P & Associates PA Cpas’ investment portfolio, making the stock its 5th largest position. Smith Chas P & Associates PA Cpas’ holdings in JPMorgan Chase & Co. were worth $92,496,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in JPM. Horizons Wealth Management bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $31,000. Aventus Investment Advisors Inc. acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $33,000. Timbuktu Capital Management LLC acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $50,000. NI Acquisitions Company LLC acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $51,000. Finally, Montgomery Financial Services LLC bought a new position in JPMorgan Chase & Co. during the second quarter worth about $62,000. 71.55% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. Freedom Broker raised JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 15th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 14th. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $370.00 to $377.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 14th. Evercore reiterated an “outperform” rating and set a $360.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. Finally, Citigroup decreased their target price on JPMorgan Chase & Co. from $360.00 to $350.00 and set a “neutral” rating on the stock in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $368.10.
Read Our Latest Stock Analysis on JPM
More JPMorgan Chase & Co. News
Here are the key news stories impacting JPMorgan Chase & Co. this week:
- Positive Sentiment: Nigeria expansion creates new growth opportunities. JPMorgan received approval to establish a merchant bank in Nigeria, allowing it to pursue corporate banking, capital-markets and cross-border financing business in a fast-growing African market. The expansion could strengthen the bank’s international fee revenue and client relationships. Will JPMorgan’s Nigeria Expansion Bolster Its Growth Prospects?
- Positive Sentiment: Blockchain initiatives reinforce JPMorgan’s technology and payments strategy. Coverage highlights nearly $900 million invested in tokenized funds across Ethereum and Solana, along with the expansion of JPM Coin and tokenized-fund capabilities. These initiatives could eventually support new transaction, custody and financing revenue streams, while analysts view the stock as potentially undervalued relative to its profitability and growth prospects. JPMorgan Has Nearly $900 Million in Tokenized Funds on Ethereum and Solana
- Positive Sentiment: JPMorgan strategists see potential relief for equities if bond yields stabilize. The bank’s strategists believe the recent increase in government bond yields may be overextended. Stabilizing yields could reduce pressure on equity markets and improve conditions for investment banking and asset-management activity. Could Stabilising Bond Yields Support Equities Through Year-End?
- Neutral Sentiment: J.P. Morgan Mortgage Trust received preliminary ratings for a $340.9 million pool of primarily prime residential mortgage loans. The securitization supports JPMorgan’s mortgage-finance operations but is not a major direct catalyst for JPM shares. KBRA Assigns Preliminary Ratings to J.P. Morgan Mortgage Trust 2026-9
- Neutral Sentiment: JPMorgan affiliates ceased being substantial holders in several Australian mining companies. These portfolio-position changes appear unrelated to JPMorgan’s core operating performance and are unlikely to significantly affect JPM stock. JPMorgan Ceases to Be Substantial Holder in Deep Yellow
- Negative Sentiment: A seven-member Houston team departed J.P. Morgan for Rockefeller Capital Management. The move could raise limited concerns about talent retention in wealth management, though its financial impact appears modest. Rockefeller Adds J.P. Morgan Team in Houston
JPMorgan Chase & Co. Stock Performance
NYSE JPM opened at $334.12 on Tuesday. The stock has a market cap of $888.16 billion, a PE ratio of 14.02, a P/E/G ratio of 1.31 and a beta of 1.02. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a 50-day moving average of $345.50 and a 200-day moving average of $322.76. JPMorgan Chase & Co. has a 52-week low of $279.10 and a 52-week high of $366.50.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced 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 net margin of 21.85% and a return on equity of 18.48%. The company had revenue of $50.17 billion during the quarter, compared to analyst estimates of $51.23 billion. During the same quarter last year, the company posted $5.07 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 23.97 EPS for the current year.
JPMorgan Chase & Co. Increases Dividend
The business also recently disclosed 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. This represents a $6.60 annualized dividend and a yield of 2.0%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. The ex-dividend date is Tuesday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.68%.
Insider Transactions at JPMorgan Chase & Co.
In other news, insider Robin Leopold sold 2,500 shares of the business’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 in the company, valued at $25,066,092.07. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by company insiders.
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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