Smith Chas P & Associates Pa Cpas 13F: Cuts JPM Stake by $5.5M

Smith Chas P & Associates Pa Cpas lowered its stake in JPMorgan Chase & Co. JPM by 16,212 shares during the quarter, according to a Form 13F filing with the U.S. Securities and Exchange Commission on October 22, 2026.

JPM JPMorgan Chase & Co.

$335.19 ▲ +4.97% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Smith Chas P & Associates Pa Cpas's JPMorgan Chase & Co. Position

The firm trimmed its holdings by 5.6%, bringing its total position down to 272,271 shares. The remaining stake carried a reported value of $92,495,826 at the time of the filing. In the prior quarter, the firm held 288,483 shares.

Other Institutional Activity in JPMorgan Chase & Co.

Other institutional investors made adjustments to their own JPMorgan Chase & Co. holdings during the same reporting period. Pictet North America Advisors grew its holdings by 2,648 shares, ending with 67,484 shares worth about $22.3 million. Accurate Wealth Management added 3,475 shares, growing its position to 42,201 shares valued at approximately $14.0 million. Robertson Stephens Wealth Management lifted its stake by 5,603 shares to 80,759 shares worth about $26.7 million. James Hambro & Partners trimmed its position by 7,733 shares, leaving it with 648,109 shares valued at roughly $214.4 million. B. Riley Wealth Advisors grew its holdings by 17,071 shares, finishing with 66,961 shares worth about $22.2 million.

JPMorgan Chase & Co. Stock Up 0.2%

JPMorgan Chase & Co. shares recently traded around $335.85 as of October 22, 2026, up about 1.0% from the $332.67 close recorded on the filing date. The stock trades below its 50-day moving average of $346.61 and above its 200-day moving average of $322.48. Shares sit roughly 8.4% below their 52-week high of $366.50 and about 20.3% above their 52-week low of $279.10. The company carries a market capitalization of roughly $890.1 billion and a price-to-earnings ratio of 14.06.

Recent Earnings

For its trailing twelve months, the bank generated $190.7 billion in revenue and reported basic earnings of $23.84 per share. The company posted a net profit margin of 34.6% and a return on equity of 18.0%. Year-over-year revenue growth reached 10.2%. The firm's next quarterly earnings report is scheduled for release on January 14, 2027.

Dividend

JPMorgan Chase & Co. pays an annual dividend rate of $6.60 per share, giving it a dividend yield of 1.97%. The company's dividend payout ratio stands at 25.7%.

Insider Buying and Selling at JPMorgan Chase & Co.

Company insiders completed four transactions during the months leading up to the filing. On May 20, 2026, General Counsel Stacey R. Friedman sold 5,468 shares at an average price of $300.27, totaling about $1.6 million. Friedman sold another 5,467 shares on June 22, 2026, at an average price of $330.73, for a total value of approximately $1.8 million. Later, on August 11, 2026, officer Robin Leopold sold 2,500 shares at $361.41 per share, worth roughly $903,518. Leopold sold another 2,500 shares on September 10, 2026, at an average price of $352.81, for a total of about $882,026. None of these transactions were carried out under a Rule 10b5-1 trading plan.

Analysts Set New Price Targets

Wall Street analysts updated their views on the stock ahead of the filing. On October 14, 2026, Truist Securities maintained its hold rating while raising its price target from $352.00 to $361.00. On the same day, Barclays maintained an overweight rating and lifted its price target from $420.00 to $425.00. RBC Capital reiterated its outperform rating with a steady price target of $370.00 on October 14, 2026. Morgan Stanley maintained its equal-weight rating while raising its price target from $370.00 to $377.00 on October 14, 2026. Citigroup maintained a neutral rating on October 15, 2026, while lowering its price target from $360.00 to $350.00. Overall, the stock holds a consensus buy rating among 23 analyst opinions, with a mean price target of $372.57.

About JPMorgan Chase & Co.

Headquartered in New York, JPMorgan Chase & Co. operates as a major financial holding company providing banking, wealth management, and investment services across the globe through its consumer, commercial, and asset management divisions led by CEO James Dimon.

Bottom Line

Investors tracking Smith Chas P & Associates Pa Cpas will look to future quarterly disclosures to monitor the firm's position in the bank. The upcoming earnings report on January 14, 2027, will provide fresh financial data on revenue and profitability.