JPMorgan Chase & Co. $JPM Stock: Keybank National Association OH Reduces Holdings

Keybank National Association OH reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,732,890 shares of the financial services provider’s stock after selling 32,591 shares during the period. JPMorgan Chase & Co. accounts for about 1.9% of Keybank National Association OH’s holdings, making the stock its 9th largest holding. Keybank National Association OH’s holdings in JPMorgan Chase & Co. were worth $573,292,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. State Street Corp increased its position in JPMorgan Chase & Co. by 0.8% during the 2nd quarter. State Street Corp now owns 125,209,293 shares of the financial services provider’s stock worth $40,984,758,000 after purchasing an additional 932,632 shares in the last quarter. Bank of America Corp DE raised its holdings in JPMorgan Chase & Co. by 6.1% in the second 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 buying an additional 4,006,293 shares during the period. Bank of New York Mellon Corp lifted its position in JPMorgan Chase & Co. by 2.6% during the second 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 buying an additional 540,362 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in JPMorgan Chase & Co. by 0.7% during the second 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 buying an additional 134,634 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew 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 buying an additional 607,288 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.9%

NYSE JPM traded up $3.25 during mid-day trading on Friday, reaching $346.07. 4,194,923 shares of the company’s stock traded hands, compared to its average volume of 6,636,868. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.31. JPMorgan Chase & Co. has a 1-year low of $279.10 and a 1-year high of $366.50. The company has a fifty day simple moving average of $340.47 and a 200-day simple moving average of $324.84. The company has a market cap of $919.02 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 1.35 and a beta of 1.03.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (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 company had revenue of $50.17 billion during the quarter, compared to the consensus estimate of $51.23 billion. During the same period last year, the business posted $5.07 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 23.95 EPS for the current 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 paid a $1.65 dividend. The ex-dividend date was Tuesday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.68%.

Trending Headlines about JPMorgan Chase & Co.

Investors following JPM have been watching these headlines:

• Positive Sentiment: ETF flows were supportive: 43 ETFs bought JPMorgan shares on Wednesday versus nine that sold, for a reported net inflow of $117.8 million. ETFs Bought $117.8 Million of JPMorgan
• Neutral Sentiment: JPMorgan declared dividends on its Series II, OO and PP preferred shares. This is a routine capital return to preferred holders, not a new dividend announcement for common shareholders. JPMorganChase Declares Preferred Stock Dividends
• Neutral Sentiment: The bank is reportedly preventing AI agents from using customers’ credit cards, even when customers provide card details. The move may limit a potential new payments channel, while also giving the bank more control over security and customer transactions. JPMorgan Stops AI Agents From Using Customer Credit Cards

Analysts Set New Price Targets

A number of brokerages have recently commented on JPM. HSBC raised their target price on shares of JPMorgan Chase & Co. from $369.00 to $377.00 and gave the company a “hold” rating in a research note on Monday, September 28th. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $375.00 to $390.00 and gave the stock an “overweight” rating in a research report on Friday, August 14th. Zacks Research downgraded JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Barclays increased 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. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average price target of $368.33.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 serving consumers, businesses, institutional clients and governments. Its operations include consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. The company offers services such as deposit accounts, credit cards, mortgages, auto financing, lending, payment processing and investment advice. It also provides institutional clients with investment banking, markets, treasury and securities services, and commercial lending.