JPMorgan Chase & Co. $JPM Stock: Bryn Mawr Trust Advisors LLC Trims Stake

Bryn Mawr Trust Advisors LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.1% in the third quarter, Holdings Channel reports. The firm owned 131,629 shares of the financial services provider’s stock after selling 1,510 shares during the quarter. JPMorgan Chase & Co. accounts for 1.8% of Bryn Mawr Trust Advisors LLC’s holdings, making the stock its 9th biggest holding. Bryn Mawr Trust Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $43,547,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Horizons Wealth Management acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth $31,000. Aventus Investment Advisors Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $33,000. Timbuktu Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the second quarter valued at $50,000. Team Financial Group LLC bought a new stake in JPMorgan Chase & Co. during the third quarter worth approximately $50,000. Finally, NI Acquisitions Company LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at $51,000. Institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on JPM. HSBC increased their price target on JPMorgan Chase & Co. from $369.00 to $377.00 and gave the company a “hold” rating in a research report on Monday, September 28th. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a report on Thursday, October 8th. They set a “hold” rating and a $370.00 price target on the stock. Wall Street Zen downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Saturday, November 7th. 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 report on Wednesday, October 14th. Finally, Deutsche Bank upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $375.00 target price for the company in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $368.33.

Latest 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. Stock Up 0.9%

JPMorgan Chase & Co. stock opened at $346.07 on Friday. JPMorgan Chase & Co. has a twelve month low of $279.10 and a twelve month high of $366.50. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $919.02 billion, a PE ratio of 14.52, a P/E/G ratio of 1.35 and a beta of 1.03. The firm’s 50 day moving average price is $340.47 and its two-hundred day moving average price is $324.84.

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 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 during the quarter, compared to analyst estimates of $51.23 billion. During the same period last year, the company posted $5.07 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. On average, research analysts predict that JPMorgan Chase & Co. will post 23.95 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th were paid a dividend of $1.65 per share. This is a boost 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 dividend on an annualized basis and a dividend yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.68%.

Insider Activity

In related news, insider Robin Leopold sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the completion of the sale, the insider owned 71,047 shares of the company’s stock, valued at approximately $25,066,092.07. The trade was a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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.

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.