Moss Adams Wealth Advisors LLC Sells 1,695 Shares of JPMorgan Chase & Co. $JPM

Moss Adams Wealth Advisors LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 13.4% in the third quarter, Holdings Channel.com reports. The fund owned 10,940 shares of the financial services provider’s stock after selling 1,695 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $3,619,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Blue Fin Capital Inc. lifted its holdings in JPMorgan Chase & Co. by 0.6% during the 3rd quarter. Blue Fin Capital Inc. now owns 35,797 shares of the financial services provider’s stock worth $11,843,000 after buying an additional 220 shares in the last quarter. BNB Wealth Management LLC raised its stake in shares of JPMorgan Chase & Co. by 10.1% during the third quarter. BNB Wealth Management LLC now owns 3,353 shares of the financial services provider’s stock worth $1,109,000 after buying an additional 307 shares during the last quarter. Global Assets Advisory LLC lifted its holdings in JPMorgan Chase & Co. by 2.2% in the third quarter. Global Assets Advisory LLC now owns 4,384 shares of the financial services provider’s stock valued at $1,458,000 after buying an additional 94 shares during the period. Summit Global Investments grew its holdings in JPMorgan Chase & Co. by 90.1% during the 3rd quarter. Summit Global Investments now owns 31,448 shares of the financial services provider’s stock worth $10,404,000 after acquiring an additional 14,906 shares during the period. Finally, MGO One Seven LLC raised its position in shares of JPMorgan Chase & Co. by 1.0% during the 3rd quarter. MGO One Seven LLC now owns 206,437 shares of the financial services provider’s stock valued at $68,296,000 after acquiring an additional 2,025 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction 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 transaction, the insider directly owned 71,047 shares of the company’s stock, valued at $25,066,092.07. The trade was a 3.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.41% of the company’s stock.

Key Stories Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan has formed a strategic partnership to provide AI services to OpenAI. The agreement could create new business opportunities, though the reported potential for an OpenAI IPO in 2027 is not a JPMorgan IPO. OpenAI Forms JPMorgan Partnership Ahead of 2027 IPO
• Positive Sentiment: JPMorgan received approval to open a regulated private-banking branch in Dubai and is adding experienced U.S. private-banking advisers. The moves could support growth in wealth management, although their financial impact was not quantified. What Does JPMorgan Chase Gain From Its Dubai Push And US Hires?
• Neutral Sentiment: J.P. Morgan plans to add Saudi Arabian and Philippine government debt to a major emerging-markets bond index in 2027. This may reinforce its role in benchmark indexing, but the report does not indicate a material near-term effect on earnings. JP Morgan to Add Philippines and Saudi Arabia to Key EM Bond Index
• Negative Sentiment: Senate Finance Committee Democrats are preparing to scrutinize how JPMorgan executives handled the bank’s ties to Jeffrey Epstein. The prospect of congressional investigation creates reputational and potential legal or compliance risk. Democrats to Probe JPMorgan’s Relationship with Epstein
• Negative Sentiment: Democratic control of Congress could mean more scrutiny of banks and less momentum for financial deregulation, adding uncertainty around the sector’s regulatory outlook. Midterm Election Results: What’s Ahead for Financial Stocks?

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $337.48 on Friday. The company has a market capitalization of $897.10 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 1.39 and a beta of 1.03. The stock’s 50 day moving average is $342.26 and its 200-day moving average is $323.62. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.31. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $51.23 billion. During the same quarter in the previous year, the business earned $5.07 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts expect that JPMorgan Chase & Co. will post 23.95 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th were issued a dividend of $1.65 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, October 6th. JPMorgan Chase & Co.’s payout ratio is 27.68%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on JPM shares. TD Cowen started coverage on JPMorgan Chase & Co. in a research report on Thursday, October 8th. They set a “hold” rating and a $370.00 target price for the company. Barclays raised their price target on JPMorgan Chase & Co. from $420.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 14th. Zacks Research downgraded shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $370.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, October 14th. Finally, Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $375.00 to $390.00 and gave the company an “overweight” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $368.33.

About JPMorgan Chase & Co.

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.