JPMorgan Chase & Co. $JPM Stock: Knights of Columbus Asset Advisors LLC Lowers Position

Knights of Columbus Asset Advisors LLC decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 5.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,037 shares of the financial services provider’s stock after selling 4,569 shares during the period. JPMorgan Chase & Co. accounts for about 1.3% of Knights of Columbus Asset Advisors LLC’s portfolio, making the stock its 11th biggest holding. Knights of Columbus Asset Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $26,809,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in JPM. State Street Corp lifted its holdings in JPMorgan Chase & Co. by 0.8% in 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 grew its holdings in JPMorgan Chase & Co. by 6.1% during the 2nd 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 in the last quarter. Bank of New York Mellon Corp grew its holdings in JPMorgan Chase & Co. by 2.6% during the 2nd 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 grew its holdings in JPMorgan Chase & Co. by 0.7% during the 2nd 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 raised its position in shares of 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 valued at $5,578,788,000 after buying an additional 607,288 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total value of $882,025.00. Following the completion of the transaction, the insider directly owned 71,047 shares of the company’s stock, valued at approximately $25,066,092.07. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.41% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock traded up $3.25 during midday trading on Friday, reaching $346.07. 4,194,923 shares of the stock traded hands, compared to its average volume of 6,636,868. The stock has a market cap of $919.02 billion, a P/E ratio of 14.52, a PEG ratio of 1.35 and a beta of 1.03. The stock’s fifty day moving average is $340.47 and its 200-day moving average is $324.84. 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.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data 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). 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 during the quarter, compared to the consensus estimate of $51.23 billion. During the same period in the previous year, the firm earned $5.07 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 23.95 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Investors of record on Tuesday, October 6th were issued a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend was Tuesday, October 6th. JPMorgan Chase & Co.’s payout ratio is 27.68%.

Key Headlines Impacting JPMorgan Chase & Co.

These are some of the JPM headlines that stood out recently:

• 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

Analyst Upgrades and Downgrades

Several research firms have recently commented on JPM. Wall Street Zen downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Saturday, November 7th. Citigroup dropped their target price on shares of JPMorgan Chase & Co. from $360.00 to $350.00 and set a “neutral” rating for the company in a research report on Thursday, October 15th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 14th. Truist Financial lifted their price target on shares of JPMorgan Chase & Co. from $352.00 to $361.00 and gave the company a “hold” rating in a report on Wednesday, October 14th. Finally, TD Cowen initiated coverage on shares of JPMorgan Chase & Co. in a report on Thursday, October 8th. They issued a “hold” rating and a $370.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average target price of $368.33.

About JPMorgan Chase & Co.

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.