2,880 JPMorgan Chase & Co. $JPM Shares Sold by Iowa State Bank

Iowa State Bank lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.7% during the third quarter, Holdings Channel.com reports. The fund owned 58,592 shares of the financial services provider’s stock after selling 2,880 shares during the period. JPMorgan Chase & Co. accounts for approximately 3.1% of Iowa State Bank’s holdings, making the stock its 10th largest holding. Iowa State Bank’s holdings in JPMorgan Chase & Co. were worth $19,384,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Byrne Asset Management LLC raised its position in JPMorgan Chase & Co. by 0.4% during the third quarter. Byrne Asset Management LLC now owns 8,925 shares of the financial services provider’s stock worth $2,974,000 after acquiring an additional 37 shares in the last quarter. Horizons Wealth Management bought a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $31,000. CapWealth Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 5.2% during the 3rd quarter. CapWealth Advisors LLC now owns 3,157 shares of the financial services provider’s stock worth $1,044,000 after purchasing an additional 157 shares during the last quarter. Adelphi Trust Co increased its stake in shares of JPMorgan Chase & Co. by 1.6% during the 3rd quarter. Adelphi Trust Co now owns 9,981 shares of the financial services provider’s stock worth $3,302,000 after purchasing an additional 156 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 2.1% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 7,364 shares of the financial services provider’s stock valued at $2,436,000 after purchasing an additional 154 shares during the period. Institutional investors own 71.55% of the company’s stock.

Trending Headlines about JPMorgan Chase & Co.

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

• Positive Sentiment: Earnings expectations are favorable. Wall Street expects JPMorgan to report year-over-year earnings growth next week, while Zacks highlights a combination of factors that could support another earnings beat. The bank’s previous quarter included stronger-than-expected earnings and revenue, providing a favorable comparison for investors. JPMorgan Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Trading and investment banking are key areas of strength. JPMorgan’s equities business surged 86% in the prior quarter, and investors are watching whether strong trading activity, investment banking demand and market volatility can support results when the bank reports on October 13. JPMorgan Equities Business and Upcoming Earnings
• Positive Sentiment: JPMorgan is expanding its digital-settlement influence. The bank contributed input to Solana’s new delivery-versus-payment settlement program, which is designed to complete institutional transactions in seconds rather than the traditional one-to-two days. The development reinforces JPMorgan’s involvement in financial-market infrastructure and blockchain applications, although the immediate financial impact is unclear. Solana Launches Settlement Standard With JPMorgan Input
• Neutral Sentiment: Credit-market activity offers both revenue potential and risk. JPMorgan is marketing approximately $5 billion of leveraged loans for Volta Infrastructure at yields near 11%. The transaction could generate fees for the bank, but the elevated borrowing cost also highlights increased credit risk in debt financing tied to the artificial-intelligence investment boom. JPMorgan Markets Volta AI Loan Sale
• Positive Sentiment: Analysts continue to cite JPMorgan’s competitive advantages. Recent commentary points to the bank’s scale and diversified exposure across consumer banking, payments, commercial banking, investment banking, trading and wealth management as supporting a durable competitive moat. JPMorgan Has One of Banking’s Best Moats

Insider Activity 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 value of $882,025.00. Following the completion of the sale, the insider directly owned 71,047 shares in the company, valued at approximately $25,066,092.07. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 traded down $0.91 during midday trading on Tuesday, reaching $331.47. 1,716,189 shares of the stock were exchanged, compared to its average volume of 9,223,568. The stock’s 50 day simple moving average is $351.96 and its 200 day simple moving average is $327.72. The company has a market cap of $881.11 billion, a P/E ratio of 14.20, a PEG ratio of 1.39 and a beta of 1.02. JPMorgan Chase & Co. has a twelve month low of $279.10 and a twelve month high of $366.50. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The business had revenue of $58.02 billion for the quarter, compared to the consensus estimate of $50.72 billion. During the same period in the prior year, the company posted $4.96 earnings per share. JPMorgan Chase & Co.’s revenue was up 27.7% compared to the same quarter last year. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 24.11 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be 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 is Tuesday, October 6th. JPMorgan Chase & Co.’s payout ratio is 28.28%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Jefferies Financial Group reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, September 25th. Deutsche Bank Aktiengesellschaft upgraded 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. Truist Financial raised their price target on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. UBS Group reduced their price objective on shares of JPMorgan Chase & Co. from $400.00 to $395.00 and set a “buy” rating for the company in a research report on Monday. Finally, Royal Bank Of Canada increased their price objective on shares of JPMorgan Chase & Co. from $330.00 to $370.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Sixteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $363.08.

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, investment banking, asset management, private banking, commercial banking, consumer lending and payment services to individuals, businesses, institutions and governments.

The company operates through major business areas that include Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management. Its products and services include deposit accounts, credit cards, mortgages, auto loans, business financing, investment and advisory services, securities trading and custody, payment processing, and wealth-management solutions.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across international markets.