MB Levis & Associates Cuts JPMorgan Chase Stake by 13.1%, Selling 1,867 Shares

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MB Levis & Associates LLC trimmed its JPMorgan Chase stake by 13.1% in the third quarter, selling 1,867 shares to hold 12,373 shares. The remaining position, valued at $3.903 million, represents 1.7% of the fund’s holdings and ranks as its fifteenth-largest stake.

1. Major Institutional Holders Adjust Positions

MB Levis & Associates LLC reduced its stake in JPMorgan Chase & Co. by 13.1% during the third quarter, selling 1,867 shares and ending the period with 12,373 shares valued at $3.903 million. This stock now represents 1.7% of the firm’s overall portfolio and ranks as its 15th largest position. At the same time, IFM Investors Pty Ltd trimmed its holding by 0.5%, offloading 2,585 shares to finish the quarter with 533,538 shares worth $168.63 million, making JPMorgan Chase its 10th largest position. Collectively, institutional investors and hedge funds account for 71.55% of JPMorgan Chase’s outstanding shares, underscoring the bank’s significance within major portfolios.

2. Analyst Ratings and Price Target Revisions

Fifteen sell-side analysts maintain a Buy rating on JPMorgan Chase & Co., nine recommend Hold and three advise Sell, resulting in a consensus rating of Hold. In recent months, TD Cowen increased its target from $370 to $375 and reiterated a Buy recommendation, Barclays raised its objective from $330 to $342 with an Overweight stance, Wolfe Research lifted its target to $346 and maintained an Outperform view, and Deutsche Bank moved its price objective from $300 to $320 while reaffirming a Hold rating. The average price target across this coverage universe stands at $329.19, reflecting modest upside potential from current levels.

3. Insider Activity and Dividend Policy

Insider Robin Leopold sold 966 shares on November 7, reducing her personal stake by 1.63% and generating proceeds of approximately $301,315. Following that transaction, Leopold held 58,479 shares valued at $18.24 million. Company insiders collectively own 0.47% of the stock. Meanwhile, JPMorgan Chase declared a quarterly dividend of $1.50 per share payable January 31 to shareholders of record as of January 6, translating to an annualized payout of $6.00 and a dividend yield of 1.8%, with a payout ratio of 29.7%. This commitment underscores management’s focus on returning capital even as regulatory and reinvestment needs persist.

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