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Summary:

DAVENPORT & Co LLC slightly reduced its holdings in JPMorgan Chase & Co. (JPM) shares by 1.2% in the third quarter. While JPM remains a significant part of DAVENPORT’s portfolio, other institutional investors are showing mixed activity. Some have increased their positions significantly, while others initiated new positions. Overall, institutional investors own a substantial 71.55% of JPM stock. JPM’s stock performance is solid, with shares trading around $327.82. The company recently reported strong earnings, exceeding expectations, and declared a dividend. Analyst ratings are mixed, with a consensus “Hold” rating and an average target price slightly above the current trading price. Finally, the article touts MarketBeat’s five stocks for 2026.

News Article:

Davenport & Co Trims JPMorgan Chase Stake; Mixed Signals from Institutional Investors

NEW YORK – Davenport & Co LLC disclosed a slight reduction in its JPMorgan Chase & Co. (NYSE: JPM) holdings during the third quarter, selling 7,303 shares. The firm’s remaining 579,211 shares still represent approximately 1.0% of its portfolio, valued at $182.71 million, making JPM its 17th largest holding.

The move comes amidst varied activity from other institutional investors. While Davenport reduced its stake, Mizuho Securities Co. Ltd. significantly increased its position by 450.0%, and Family Legacy Financial Solutions LLC increased its holdings by 92.6%. Other firms, including Harbor Asset Planning Inc. and Ryan Investment Management Inc., initiated new positions in JPM during the second quarter. Overall, institutional investors maintain a dominant 71.55% ownership of the company’s stock.

JPMorgan Chase shares opened trading Monday at $327.82. The company’s stock has performed well, with a 50-day moving average of $310.27 and a 200-day moving average of $300.81. It boasts a market capitalization of $892.40 billion, a price-to-earnings ratio of 16.24, and has traded between $202.16 and $330.86 over the past year.

JPMorgan Chase recently reported robust quarterly earnings of $5.07 per share, exceeding analyst expectations of $4.83. Revenue for the quarter came in at $47.12 billion, also above forecasts. The company also announced a quarterly dividend of $1.50 per share, payable on January 31st to shareholders of record as of January 6th.

Analyst ratings for JPM are mixed, with a consensus rating of “Hold” and an average target price of $329.19, according to MarketBeat. Recent analyst actions include Barclays raising their target price to $342.00 and maintaining an overweight rating, while Goldman Sachs lowered their target price to $354.00 but maintained a buy rating.

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