MB Levis Cuts JPMorgan Chase Stake by 13.1%, IFM Investors Sells 0.5%

JPMJPM

MB Levis & Associates sold 1,867 JPM shares, cutting its 3Q position by 13.1% to 12,373 shares worth $3.9 million. IFM Investors cut its stake by 0.5%, selling 2,585 shares to hold 533,538 JPM shares valued at $168.63 million.

1. MB Levis & Associates LLC Reduces Stake

MB Levis & Associates LLC trimmed its position in JPMorgan Chase & Co. by 13.1% during the third quarter, according to its latest SEC filing. The fund sold 1,867 shares, leaving it with 12,373 shares, representing approximately 1.7% of its total holdings and ranking JPMorgan Chase as its 15th largest position. At the end of the period, the remaining stake was valued at $3.903 million.

2. Broad Institutional Ownership and Recent Movements

Institutional investors and hedge funds collectively own 71.55% of JPMorgan Chase & Co. Shares. Notable changes include Harbor Asset Planning Inc. establishing a new $26,000 position in the second quarter, Mizuho Securities Co. Ltd. expanding its stake by 450% to 110 shares worth $32,000, Family Legacy Financial Solutions LLC boosting its holding by 92.6% to 104 shares valued at $33,000, Ryan Investment Management Inc. adding a $37,000 position, and Christopher J. Hasenberg Inc. increasing its stake by 212% to 156 shares worth $45,000.

3. Analyst Ratings and Price Targets

Among fifteen analysts issuing Buy ratings, nine have Holds and three have Sell recommendations on JPMorgan Chase & Co. The consensus price target stands at $329.19. Recent upgrades include TD Cowen raising its target to $375 with a Buy rating, Barclays lifting its target to $342 with an Overweight rating, Wolfe Research moving its target to $346 with an Outperform rating, and Deutsche Bank increasing its objective to $320 with a Hold rating.

4. Insider Selling and Dividend Policy

Insider Robin Leopold sold 966 shares of JPMorgan Chase & Co. on November 7th at an average price of $311.92 for a total of $301,314.72, reducing their holdings by 1.63% to 58,479 shares valued at $18.24 million. The company declared a quarterly dividend of $1.50 per share, payable January 31st to shareholders of record on January 6th, implying a $6.00 annualized dividend and a 1.8% yield, with a payout ratio of 29.72%.

Sources

DD