JPMorgan Chase & Co. $JPM Shares Sold by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 13.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,940 shares of the financial services provider’s stock after selling 1,695 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $3,619,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of JPM. Concorde Asset Management LLC grew its position in shares of JPMorgan Chase & Co. by 1.1% in the second quarter. Concorde Asset Management LLC now owns 2,660 shares of the financial services provider’s stock valued at $871,000 after purchasing an additional 29 shares during the last quarter. Elevation Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 1.0% in the 2nd quarter. Elevation Wealth Management LLC now owns 3,074 shares of the financial services provider’s stock worth $1,006,000 after buying an additional 29 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. grew its holdings in JPMorgan Chase & Co. by 0.8% in the second quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,531 shares of the financial services provider’s stock valued at $1,156,000 after purchasing an additional 29 shares during the period. Arkansas Financial Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Arkansas Financial Group Inc. now owns 2,667 shares of the financial services provider’s stock worth $873,000 after buying an additional 30 shares during the last quarter. Finally, Flynn Zito Capital Management LLC increased its stake in JPMorgan Chase & Co. by 1.1% during the second quarter. Flynn Zito Capital Management LLC now owns 2,830 shares of the financial services provider’s stock worth $926,000 after acquiring an additional 30 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

More JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan has formed a strategic partnership to provide AI services to OpenAI. The agreement could create new business opportunities, though the reported potential for an OpenAI IPO in 2027 is not a JPMorgan IPO. OpenAI Forms JPMorgan Partnership Ahead of 2027 IPO
• Positive Sentiment: JPMorgan received approval to open a regulated private-banking branch in Dubai and is adding experienced U.S. private-banking advisers. The moves could support growth in wealth management, although their financial impact was not quantified. What Does JPMorgan Chase Gain From Its Dubai Push And US Hires?
• Neutral Sentiment: J.P. Morgan plans to add Saudi Arabian and Philippine government debt to a major emerging-markets bond index in 2027. This may reinforce its role in benchmark indexing, but the report does not indicate a material near-term effect on earnings. JP Morgan to Add Philippines and Saudi Arabia to Key EM Bond Index
• Negative Sentiment: Senate Finance Committee Democrats are preparing to scrutinize how JPMorgan executives handled the bank’s ties to Jeffrey Epstein. The prospect of congressional investigation creates reputational and potential legal or compliance risk. Democrats to Probe JPMorgan’s Relationship with Epstein
• Negative Sentiment: Democratic control of Congress could mean more scrutiny of banks and less momentum for financial deregulation, adding uncertainty around the sector’s regulatory outlook. Midterm Election Results: What’s Ahead for Financial Stocks?

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Truist Financial raised their target price on shares of JPMorgan Chase & Co. from $352.00 to $361.00 and gave the company a “hold” rating in a research note on Wednesday, October 14th. Morgan Stanley increased their price objective on shares of JPMorgan Chase & Co. from $370.00 to $377.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 14th. The Goldman Sachs Group restated an “outperform” rating and set a $392.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $375.00 target price for the company in a research note on Wednesday, July 22nd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $370.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $368.33.

JPMorgan Chase & Co. Stock Down 4.2%

Shares of JPMorgan Chase & Co. stock opened at $337.48 on Friday. JPMorgan Chase & Co. has a 1 year low of $279.10 and a 1 year high of $366.50. 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 has a market cap of $897.10 billion, a P/E ratio of 14.16, a P/E/G ratio of 1.39 and a beta of 1.03. The stock has a 50-day moving average price of $342.26 and a 200 day moving average price of $323.62.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.94 by ($0.19). The company had revenue of $50.17 billion for the quarter, compared to analyst estimates of $51.23 billion. JPMorgan Chase & Co. had a net margin of 21.85% and a return on equity of 18.48%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned $5.07 EPS. As a group, analysts expect that JPMorgan Chase & Co. will post 23.95 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th were issued a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a yield of 2.0%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. The ex-dividend date was Tuesday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio is 27.68%.

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 that occurred on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the completion of the sale, the insider directly owned 71,047 shares in the company, valued at approximately $25,066,092.07. The trade was a 3.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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.

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, 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.