JPMorgan Chase & Co. $JPM Stock Sold by JCIC Asset Management Inc.

JCIC Asset Management Inc. reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 9.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 58,302 shares of the financial services provider’s stock after selling 5,797 shares during the period. JPMorgan Chase & Co. comprises 7.9% of JCIC Asset Management Inc.’s holdings, making the stock its 2nd largest position. JCIC Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $19,288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. E Fund Management Co. Ltd. increased its holdings in shares of JPMorgan Chase & Co. by 7.1% in the second quarter. E Fund Management Co. Ltd. now owns 29,956 shares of the financial services provider’s stock valued at $9,805,000 after purchasing an additional 1,973 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its position in shares of JPMorgan Chase & Co. by 4.6% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 343,644 shares of the financial services provider’s stock valued at $112,485,000 after purchasing an additional 15,017 shares during the period. Neumann Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $3,457,000. First National Bank of Mount Dora Trust Investment Services lifted its stake in shares of JPMorgan Chase & Co. by 18.7% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 41,218 shares of the financial services provider’s stock worth $12,125,000 after buying an additional 6,492 shares during the last quarter. Finally, FAS Wealth Partners Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 4.3% during the 1st quarter. FAS Wealth Partners Inc. now owns 43,527 shares of the financial services provider’s stock worth $12,804,000 after buying an additional 1,794 shares during the period. Institutional investors own 71.55% of the company’s stock.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: IPO activity lifted investment-bank sentiment. JPMorgan shares were among the large bank stocks gaining as investors focused on banks’ opportunity to earn fees from a coming wave of major IPOs. This is a near-term tailwind, though the article does not identify a specific JPMorgan mandate. Article: Morgan Stanley Climbs 4% on Vinyl Equity Deal to Capture IPO Wealth; Goldman Sachs Rises 5%, JPMorgan Gains 2%
• Neutral Sentiment: Shareholding disclosures appear to be secondary. JPMorgan and affiliates ceased to be substantial holders of Liontown, while a separate filing disclosed a 6.884% stake in BlueNord. These notices concern JPMorgan’s investment holdings and provide little direct information about its operating outlook. Article: JPMorgan Chase and Affiliates Cease to Be Substantial Holders of Liontown Article: JPMorgan Chase Discloses 6.884% Stake in BlueNord
• Negative Sentiment: Potential 2027 M&A slowdown could weigh on advisory fees. JPMorgan expects deal activity to moderate, which may pressure investment-banking revenue; more private-equity exits could partly offset that risk. Article: JPM Expects M&A Slowdown in 2027: Can Private Equity Exits Offset?
• Negative Sentiment: Reported ETF selling may signal some investor outflows. ETFs were net sellers of $144.5 million of JPMorgan shares on Nov. 5. This is a dated flow datapoint, not evidence by itself of a lasting change in sentiment. Article: ETFs Are Net Sellers of JPMorgan Chase (JPM) on Nov. 5

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JPM. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $375.00 to $390.00 and gave the stock an “overweight” rating in a research note on Friday, August 14th. Jefferies Financial Group restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Friday, September 25th. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $375.00 price objective on the stock in a report on Wednesday, July 22nd. Freedom Broker upgraded JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 15th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $370.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $368.33.

JPMorgan Chase & Co. Stock Up 2.2%

Shares of JPM opened at $341.95 on Tuesday. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $366.50. The firm’s 50 day moving average is $341.56 and its 200-day moving average is $323.98. The stock has a market capitalization of $908.09 billion, a PE ratio of 14.34, a P/E/G ratio of 1.39 and a beta of 1.03. 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. (NYSE:JPM) last released its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share 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 business had revenue of $50.17 billion during the quarter, compared to analyst estimates of $51.23 billion. During the same quarter in the previous year, the firm posted $5.07 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts forecast 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. Stockholders of record on Tuesday, October 6th were issued a dividend of $1.65 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $6.60 annualized dividend and a dividend yield of 1.9%. JPMorgan Chase & Co.’s payout ratio is currently 27.68%.

Insider Activity

In other news, insider Robin Leopold sold 2,500 shares of the stock in a transaction 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 sale, the insider directly owned 71,047 shares of the company’s stock, valued at approximately $25,066,092.07. This represents a 3.40% decrease in their position. 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. Company 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.

Headquartered in New York City, JPMorgan Chase serves customers across the United States and operates in many international markets.