WASHINGTON TRUST Co Sells 2,344 Shares of JPMorgan Chase & Co. $JPM

WASHINGTON TRUST Co lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 225,981 shares of the financial services provider’s stock after selling 2,344 shares during the period. JPMorgan Chase & Co. comprises 2.3% of WASHINGTON TRUST Co’s investment portfolio, making the stock its 15th biggest position. WASHINGTON TRUST Co’s holdings in JPMorgan Chase & Co. were worth $74,761,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of JPM. Bank of America Corp DE lifted its stake in shares of JPMorgan Chase & Co. by 15.8% in the 1st quarter. Bank of America Corp DE now owns 65,660,460 shares of the financial services provider’s stock valued at $19,314,681,000 after purchasing an additional 8,941,351 shares during the period. Ascentis Wealth Management LLC grew its position in JPMorgan Chase & Co. by 32,672.0% during the second quarter. Ascentis Wealth Management LLC now owns 4,647,071 shares of the financial services provider’s stock valued at $1,521,126,000 after buying an additional 4,632,891 shares during the period. Jupiter Topco LLC acquired a new stake in JPMorgan Chase & Co. during the second quarter valued at $1,274,097,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in JPMorgan Chase & Co. by 31.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,944,004 shares of the financial services provider’s stock valued at $2,042,648,000 after buying an additional 1,662,250 shares during the period. Finally, Canada Pension Plan Investment Board increased its holdings in JPMorgan Chase & Co. by 22.9% in the second quarter. Canada Pension Plan Investment Board now owns 8,020,990 shares of the financial services provider’s stock valued at $2,625,511,000 after buying an additional 1,496,676 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $352.81, for a total value of $882,025.00. Following the sale, the insider owned 71,047 shares in the company, valued at $25,066,092.07. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $335.86 on Wednesday. JPMorgan Chase & Co. has a 1 year low of $279.10 and a 1 year high of $366.50. The firm has a market capitalization of $892.78 billion, a price-to-earnings ratio of 14.09 and a beta of 1.02. The business’s 50 day moving average price is $344.41 and its 200-day moving average price is $322.80.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.94 by ($0.19). The company had revenue of $50.17 billion for the quarter, compared to analysts’ expectations of $51.23 billion. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.07 earnings per share. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 23.97 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be issued a dividend of $1.65 per share. The ex-dividend date of this dividend is Tuesday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a yield of 2.0%. JPMorgan Chase & Co.’s payout ratio is 27.68%.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: JPMorgan’s approval to operate a merchant bank in Nigeria expands its opportunity in corporate banking, capital markets and cross-border financing. The move could support long-term growth in an important emerging market. Will JPMorgan’s Nigeria Expansion Bolster Its Growth Prospects?
• Positive Sentiment: Commentary argues JPMorgan may be undervalued following the expansion of JPM Coin, blockchain initiatives and tokenized-fund capabilities. These businesses could improve payments, settlement efficiency and fee growth over time. JPMorgan Stock Could Be 33% Undervalued Following JPM Coin Expansion
• Positive Sentiment: Wall Street brokerages collectively rate JPM “Moderate Buy,” providing continued analyst support despite the recent earnings shortfall. JPMorgan Stock Now Rated Moderate Buy
• Neutral Sentiment: JPMorgan updated its 2027 earnings-review schedule, with conference calls planned for April 13, July 13, October 12 and January 13, 2028. The announcement is routine but gives investors visibility into upcoming reporting dates. JPMorganChase Updates 2027 Earnings Release Date Information
• Neutral Sentiment: JPMorgan-related commentary says Bitcoin could outperform stocks, bonds and gold over the next decade, although the bank remains skeptical and this view has limited direct impact on JPM’s near-term earnings. JPMorgan’s Long-Term Bitcoin Outlook
• Negative Sentiment: Dimon cited deficits, persistent inflation, elevated asset prices, rising interest rates and geopolitical tensions as threats to the economy. JPMorgan has reportedly set aside $2.7 billion for credit losses, slowed buybacks to about $1 billion and tightened lending standards, signaling caution about future borrower stress. Jamie Dimon’s Five Economic Threats

Wall Street Analyst Weigh In

A number of research analysts have weighed in on JPM shares. The Goldman Sachs Group reiterated an “outperform” rating and issued a $392.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 13th. Bank of America increased their target price on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Morgan Stanley raised their target price on JPMorgan Chase & Co. from $370.00 to $377.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 14th. Zacks Research lowered JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Finally, Evercore reaffirmed an “outperform” rating and issued a $360.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 6th. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $368.10.

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.