MB Levis & Associates Trims JPMorgan Stake by 13.1%; IFM Investors Cuts 0.5%
MB Levis & Associates cut its JPMorgan Chase holding by 13.1%, offloading 1,867 shares to hold 12,373 shares worth $3.903M. IFM Investors trimmed its stake by 0.5%, selling 2,585 shares to hold 533,538 shares valued at $168.63M as of Q3.
1. MB Levis & Associates Trims JPMorgan Position
MB Levis & Associates LLC reduced its holdings in JPMorgan Chase & Co. by 13.1% during the third quarter, selling 1,867 shares. The fund now holds 12,373 shares, representing 1.7% of its total portfolio and ranking JPMorgan as its 15th largest position. At the end of the period, the value of these shares stood at $3.903 million, down from approximately $4.255 million prior to the reduction.
2. IFM Investors Slightly Reduces Stake
IFM Investors Pty Ltd trimmed its stake in JPMorgan Chase & Co. by 0.5% in the same quarter, selling 2,585 shares and retaining 533,538 shares. The bank stock now accounts for 1.5% of IFM’s overall holdings, making it the firm’s 10th largest position. The remaining stake was valued at $168.63 million as of the latest 13F filing.
3. Wall Street Analysts Lift Price Targets
Several research firms have recently raised their price targets on JPMorgan. TD Cowen increased its target from $370 to $375 and maintained a buy rating on December 15. Barclays raised its target from $330 to $342 with an overweight rating on October 15. Wolfe Research moved its target from $342 to $346, assigning an outperform rating on October 16. Overall, fifteen analysts rate the stock as a buy, nine as a hold and three as a sell, with a consensus target of $329.19.
4. Insider Robin Leopold Sells Shares
On November 7, insider Robin Leopold sold 966 shares of JPMorgan stock at an average price of $311.92, generating $301,314.72 in proceeds. Post-transaction, Leopold’s direct ownership stands at 58,479 shares, valued at $18.24 million, reflecting a 1.63% reduction in his stake. Company insiders now collectively own 0.47% of outstanding shares.