JPMorgan Chase & Co. $JPM Stock: Philadelphia Trust Co. Decreases Stake

Philadelphia Trust Co. reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 23.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,417 shares of the financial services provider’s stock after selling 7,647 shares during the quarter. Philadelphia Trust Co.’s holdings in JPMorgan Chase & Co. were worth $8,078,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in JPM. Horizons Wealth Management bought a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at about $31,000. Aventus Investment Advisors Inc. purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $33,000. Team Financial Group LLC purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $50,000. Timbuktu Capital Management LLC purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $50,000. Finally, NI Acquisitions Company LLC bought a new position in JPMorgan Chase & Co. in the 2nd quarter worth about $51,000. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of research reports. Freedom Broker raised shares of JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 15th. Weiss Ratings upgraded JPMorgan Chase & Co. from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday. The Goldman Sachs Group reiterated an “outperform” rating and issued a $392.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, October 13th. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $370.00 to $377.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 14th. Finally, Deutsche Bank upgraded 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. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $368.33.

JPMorgan Chase & Co. Stock Up 0.9%

Shares of NYSE:JPM traded up $3.25 during trading hours on Friday, hitting $346.07. The company’s stock had a trading volume of 4,194,923 shares, compared to its average volume of 6,636,868. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $366.50. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization 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. The firm’s fifty day moving average price is $340.47 and its 200 day moving average price is $324.84.

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 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 business had revenue of $50.17 billion during the quarter, compared to analysts’ expectations of $51.23 billion. During the same period in the previous year, the company posted $5.07 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, research analysts expect that JPMorgan Chase & Co. will post 23.95 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Investors of record on Tuesday, October 6th were paid a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a yield of 1.9%. This is a positive change 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 presently 27.68%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the company’s 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 completion of the sale, the insider owned 71,047 shares in the company, valued at $25,066,092.07. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by corporate insiders.

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: 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
• Negative Sentiment: The main overhang is a report that Senate Democrats may restart investigations into banks’ past dealings with Jeffrey Epstein, who banked at JPMorgan from 1999 to 2013. The prospect of renewed scrutiny involving CEO Jamie Dimon raises reputational and political risk, and coverage linked the report to pressure on JPMorgan shares. Report on a Potential Senate Investigation

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.