Mill Capital Management 13F: Cuts JPM Stake by $4.6M

On October 26, 2026, Mill Capital Management trimmed its stake in JPMorgan Chase & Co. (JPM) by 14,048 shares. This change leaves the firm with 184,602 shares valued at about $61.1 million, according to its latest Form 13F filing with the SEC.

JPM JPMorgan Chase & Co.

$334.80 ▲ +4.84% year to date

1M 3M YTD

Daily close · Oct 26, 2026

What Changed in Mill Capital Management's JPMorgan Chase Position

Mill Capital Management's reduction represents a 7.1% decrease in its holdings. The firm's reported value for this position is now approximately $61.1 million, making up 18.09% of its overall portfolio, where it ranks second among its positions.

Where JPMorgan Chase Fits in Mill Capital Management's Portfolio

This reduction in shares reflects a notable adjustment in Mill Capital's investment strategy, as the value of its holdings in JPMorgan Chase is significant compared to its total reported value of about $337.6 million.

Other Institutional Activity in JPMorgan Chase

Axxcess Wealth Management reduced its holdings by 57,078 shares, now holding 79,512 shares valued at about $26.3 million. Smith Chas P & Associates trimmed its position by 16,212 shares, bringing its total to 272,271 shares worth approximately $92.5 million. Meanwhile, Pictet North America Advisors added 2,648 shares, increasing its stake to 67,484 shares valued at around $22.3 million.

JPMorgan Chase & Co. Stock Up 0.8%

JPMorgan Chase shares recently traded around $334.12, which is about equal to its closing price of $334.04 on October 26, 2026. The stock is currently below its 50-day moving average by 3.1% and is approximately 8.8% below its 52-week high of $366.50.

Recent Earnings

In its latest earnings report, JPMorgan Chase reported a trailing twelve-month revenue of approximately $190.7 billion and an EPS of $23.84. The next earnings report is expected on January 14, 2027.

Dividend

JPMorgan Chase pays an annual dividend of $6.60 per share, yielding about 1.98%. The dividend payout ratio is 25.7%.

Insider Buying and Selling at JPMorgan Chase & Co.

Recently, General Counsel Stacey R. Friedman sold 5,468 shares on May 20, 2026, at an average price of $300.27, totaling about $1.6 million. On June 22, 2026, Friedman also sold 5,467 shares at $330.73, valued at approximately $1.8 million.

Analysts Set New Price Targets

On October 14, 2026, several firms maintained their ratings on JPMorgan Chase. Truist Securities kept a Hold rating with a target of $361.00, while Barclays maintained an Overweight rating with a target of $425.00. The consensus rating for the stock is currently a Buy, with a mean price target of $372.26 from 23 analysts.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. is a leading financial services firm and bank, offering a range of services including consumer banking, investment banking, and asset management. With a strong presence in multiple regions, it plays a significant role in the global financial market.

Bottom Line

Investors should watch for JPMorgan Chase's upcoming earnings report on January 14, 2027, for further insights into its performance. Mill Capital Management's recent position change could signal a shift in strategy as the stock trades near its recent levels.