JPMorgan Chase & Co. $JPM Shares Sold by Philadelphia Trust Co.

Philadelphia Trust Co. reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 23.8% during the third quarter, Holdings Channel reports. The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of JPM. AMG National Trust Bank raised its stake in JPMorgan Chase & Co. by 0.3% in the third quarter. AMG National Trust Bank now owns 66,190 shares of the financial services provider’s stock valued at $21,897,000 after buying an additional 167 shares during the last quarter. Moneco Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 2.3% in the third quarter. Moneco Advisors LLC now owns 24,960 shares of the financial services provider’s stock worth $8,258,000 after acquiring an additional 566 shares in the last quarter. Csenge Advisory Group boosted its holdings in JPMorgan Chase & Co. by 1.4% in the third quarter. Csenge Advisory Group now owns 45,179 shares of the financial services provider’s stock worth $14,946,000 after acquiring an additional 638 shares in the last quarter. D.B. Root & Company LLC grew its stake in shares of JPMorgan Chase & Co. by 3.8% during the third quarter. D.B. Root & Company LLC now owns 3,929 shares of the financial services provider’s stock worth $1,300,000 after acquiring an additional 144 shares during the last quarter. Finally, Guardian Financial Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 22.0% during the third quarter. Guardian Financial Partners LLC now owns 1,633 shares of the financial services provider’s stock worth $540,000 after acquiring an additional 294 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. 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 sale, the insider owned 71,047 shares of the company’s stock, valued at $25,066,092.07. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Performance

JPM traded up $3.25 on Friday, reaching $346.07. 4,194,923 shares of the stock were exchanged, compared to its average volume of 6,636,868. The company’s 50-day moving average price is $340.47 and its 200 day moving average price is $324.84. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two 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 firm has a market capitalization of $919.02 billion, a PE ratio of 14.52, a PEG ratio of 1.35 and a beta of 1.03.

JPMorgan Chase & Co. (NYSE:JPM) last posted 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). The firm had revenue of $50.17 billion for the quarter, compared to analysts’ expectations of $51.23 billion. JPMorgan Chase & Co. had a net margin of 21.85% and a return on equity of 18.48%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.07 EPS. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 23.95 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Investors of record on Tuesday, October 6th were issued a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a dividend 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 dividend payout ratio is presently 27.68%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $395.00 to $400.00 and gave the company a “buy” rating in a report on Monday, November 2nd. Barclays lifted their target price on shares of JPMorgan Chase & Co. from $420.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 14th. Deutsche Bank upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $375.00 target price for the company in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of JPMorgan Chase & Co. from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday. Finally, Robert W. Baird upped their price target on shares of JPMorgan Chase & Co. from $305.00 to $312.00 and gave the company a “neutral” rating in a research note on Wednesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $368.33.

More JPMorgan Chase & Co. News

These are some of the JPM news items 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

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.