59,267 JPMorgan Chase & Co. $JPM Shares Sold by Smith Group Asset Management LLC

Smith Group Asset Management LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 39.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,343 shares of the financial services provider’s stock after selling 59,267 shares during the quarter. JPMorgan Chase & Co. makes up approximately 2.0% of Smith Group Asset Management LLC’s investment portfolio, making the stock its 23rd largest position. Smith Group Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $30,550,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Sigma Investment Counselors Inc. increased its holdings in shares of JPMorgan Chase & Co. by 10.4% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 50,594 shares of the financial services provider’s stock valued at $16,738,000 after acquiring an additional 4,784 shares during the period. Victory Financial Group LLC boosted its holdings in shares of JPMorgan Chase & Co. by 84.0% in the 3rd quarter. Victory Financial Group LLC now owns 9,339 shares of the financial services provider’s stock valued at $3,090,000 after buying an additional 4,264 shares in the last quarter. Great Lakes Retirement Inc. raised its stake in shares of JPMorgan Chase & Co. by 2.2% during the 3rd quarter. Great Lakes Retirement Inc. now owns 32,915 shares of the financial services provider’s stock worth $10,889,000 after acquiring an additional 717 shares in the last quarter. Generali Asset Management SPA SGR lifted its position in JPMorgan Chase & Co. by 9.2% during the third quarter. Generali Asset Management SPA SGR now owns 178,540 shares of the financial services provider’s stock valued at $59,066,000 after acquiring an additional 15,107 shares during the last quarter. Finally, IMG Wealth Management Inc. lifted its position in JPMorgan Chase & Co. by 4.8% during the third quarter. IMG Wealth Management Inc. now owns 1,590 shares of the financial services provider’s stock valued at $526,000 after acquiring an additional 73 shares during the last quarter. 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 dated 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 transaction, the insider directly owned 71,047 shares in the company, valued at $25,066,092.07. This trade represents a 3.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by corporate insiders.

More JPMorgan Chase & Co. News

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

• Positive Sentiment: UBS raised its price target to $400 and reiterated a “buy” rating, implying approximately 17.4% upside from the referenced share price. The upgrade reflects continued confidence in JPMorgan’s earnings power and franchise strength.
• Positive Sentiment: JPMorgan is among major banks with substantial stock-repurchase programs. Buybacks can support earnings per share and shareholder returns, although the bank is balancing repurchases against investments in its businesses and client support. 3 Bank Stocks With Buyback Plans of at Least $30 Billion Worth a Look
• Positive Sentiment: ETFs recorded a net $83.1 million inflow into JPMorgan shares on October 29, with 40 funds buying and 15 selling. The flow indicates supportive institutional demand, though it is a short-term trading signal. ETFs Bought $83.1 Million of JPMorgan on Oct. 29
• Positive Sentiment: JPMorgan continues expanding its digital-asset and technology capabilities. Its involvement in tokenized funds and stablecoin-related infrastructure could create longer-term growth opportunities, while the appointment of a data-infrastructure chief supports AI and digital-banking initiatives. Blackrock, JPMorgan and Visa Bolster Grayscale’s Crypto Growth Case
• Neutral Sentiment: JPMorgan strategists expect renewed geopolitical risk after the U.S. midterm elections but view any market selloff as a potential buying opportunity. This could support JPM sentiment if investors favor large, diversified banks during volatility. Post-midterm geopolitical risks could create another buying opportunity
• Negative Sentiment: JPMorgan’s latest quarterly earnings missed consensus estimates, with earnings per share of $5.75 versus $5.94 expected and revenue of $50.17 billion versus $51.23 billion expected. Management’s decision to reduce buybacks while increasing investment could pressure near-term per-share returns, despite a higher 2026 net-interest-income outlook. Learn Why The Bull Case For JPMorgan Chase Stock Could Change Following Earnings Miss

JPMorgan Chase & Co. Trading Up 1.1%

JPM opened at $340.75 on Tuesday. JPMorgan Chase & Co. has a 1-year low of $279.10 and a 1-year 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 firm has a market capitalization of $905.79 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The company’s 50 day simple moving average is $343.12 and its two-hundred day simple moving average is $323.13.

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 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 company had revenue of $50.17 billion for the quarter, compared to analyst estimates of $51.23 billion. During the same period last year, the firm posted $5.07 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 23.97 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th were paid a dividend of $1.65 per share. This represents a $6.60 annualized dividend 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 27.68%.

Analysts Set New Price Targets

A number of equities research analysts have commented on JPM shares. Weiss Ratings cut JPMorgan Chase & Co. from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, October 23rd. Zacks Research lowered JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. TD Cowen assumed coverage on JPMorgan Chase & Co. in a research note on Thursday, October 8th. They set a “hold” rating and a $370.00 price target on the stock. HSBC raised their price target on shares of JPMorgan Chase & Co. from $369.00 to $377.00 and gave the stock a “hold” rating in a research report on Monday, September 28th. Finally, Evercore reissued an “outperform” rating and set a $360.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $368.33.

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.