International Assets Investment Management LLC Sells 1,634,644 Shares of JPMorgan Chase & Co. $JPM

International Assets Investment Management LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 98.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 32,783 shares of the financial services provider’s stock after selling 1,634,644 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.2% of International Assets Investment Management LLC’s portfolio, making the stock its 28th biggest position. International Assets Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $10,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. State Street Corp grew its position in JPMorgan Chase & Co. by 0.8% in the second quarter. State Street Corp now owns 125,209,293 shares of the financial services provider’s stock worth $40,984,758,000 after acquiring an additional 932,632 shares in the last quarter. Bank of America Corp DE increased its stake in JPMorgan Chase & Co. by 6.1% in the second 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 acquiring an additional 4,006,293 shares during the last quarter. Bank of New York Mellon Corp increased its stake in JPMorgan Chase & Co. by 2.6% in the second 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 acquiring an additional 540,362 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in JPMorgan Chase & Co. by 0.7% during the second 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 purchasing an additional 134,634 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of JPMorgan Chase & Co. by 3.3% during the 1st 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 purchasing 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 other news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, September 10th. The shares were 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 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 Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.41% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $342.13 on Wednesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.85. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $366.50. The company has a 50-day simple moving average of $341.28 and a two-hundred day simple moving average of $324.17. The firm has a market capitalization of $908.57 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 1.35 and a beta of 1.03.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (EPS) 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 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 prior year, the company posted $5.07 EPS. The firm’s revenue was up 8.1% on a year-over-year basis. On average, analysts anticipate that JPMorgan Chase & Co. will post 23.95 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

JPMorgan Chase & Co. News Roundup

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

• Positive Sentiment: JPMorgan CEO Jamie Dimon is expected to appear in a livestream with Anthropic CEO Dario Amodei about Anthropic’s planned IPO, which is targeting a very high valuation. The event highlights JPMorgan’s connection to a prominent potential offering, though the report does not establish a specific underwriting role or revenue impact. Article: Anthropic Plans IPO Live Stream With Amodei, JPMorgan CEO Dimon
• Neutral Sentiment: JPMorgan expects mergers and acquisitions to slow in 2027, which could weigh on investment-banking advisory fees. The firm sees private-equity exits as a possible offset, leaving the net effect uncertain. Article: JPM Expects M&A Slowdown in 2027: Can Private Equity Exits Offset?
• Negative Sentiment: JPMorgan and its partners may try to sell about $2 billion of Qualtrics debt at roughly 85 cents on the dollar. If completed at that discount, the sale could crystallize a loss and reflects weaker pricing for software-related debt. Article: JPMorgan May Sell $2 Billion of Qualtrics Debt at About 85 Cents on the Dollar

Analysts Set New Price Targets

JPM has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $375.00 to $390.00 and gave the stock an “overweight” rating in a research report on Friday, August 14th. The Goldman Sachs Group reaffirmed an “outperform” rating and set a $392.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, October 13th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. UBS Group boosted their target price on JPMorgan Chase & Co. from $395.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. Finally, Freedom Broker raised JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $368.33.

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.