In its latest SEC filing for the third quarter, Annex Advisory Services LLC trimmed its JPMorgan Chase & Co. holdings by 11.7%, selling 6,262 shares and reducing its position to 47,079 shares. This stake was valued at approximately 14.85 million dollars at quarter end. The reduction follows a broader trend among institutional investors, as 71.55% of JPMorgan shares are held by hedge funds and institutional managers. Notably, Kingstone Capital Partners Texas LLC made an extraordinary 609,867.5% increase in the second quarter, acquiring 72.9 million shares valued at 21.13 billion dollars, while Geode Capital Management added 300,160 shares, bringing its total to 61.13 million shares worth 17.65 billion dollars.

JPMorgan Chase reported third-quarter earnings per share of 5.07 dollars, beating consensus estimates by 0.24 dollars, on revenue of 47.12 billion dollars compared to the 44.42 billion dollar forecast. Year-over-year revenue grew 8.8%, with return on equity at 17.18% and net margin at 20.90%. The firm’s debt-to-equity ratio stood at 1.26, and its current and quick ratios were both 0.86. In early January, the bank declared a quarterly dividend of 1.50 dollars per share, translating to a 6.00 dollar annualized payout and a yield of 1.8%, with a dividend payout ratio of 29.72%. Analysts project full-year earnings per share of 18.1 dollars, underpinning a consensus “Hold” rating with an average price target in the low 300-dollar range.