JPMorgan Chase & Co. $JPM Stake Lessened by Kimelman & Baird LLC

Kimelman & Baird LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 205,013 shares of the financial services provider’s stock after selling 1,524 shares during the quarter. JPMorgan Chase & Co. makes up approximately 4.8% of Kimelman & Baird LLC’s holdings, making the stock its 3rd largest position. Kimelman & Baird LLC’s holdings in JPMorgan Chase & Co. were worth $67,824,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. American State Bank Iowa grew its stake in shares of JPMorgan Chase & Co. by 2.1% in the third quarter. American State Bank Iowa now owns 8,109 shares of the financial services provider’s stock worth $2,683,000 after acquiring an additional 170 shares during the last quarter. Chapman Investment Management LLC raised its holdings in JPMorgan Chase & Co. by 200.0% in the third quarter. Chapman Investment Management LLC now owns 9,521 shares of the financial services provider’s stock worth $3,150,000 after buying an additional 19,042 shares during the last quarter. Ethic Inc. lifted its position in JPMorgan Chase & Co. by 105.0% in the 3rd quarter. Ethic Inc. now owns 188,691 shares of the financial services provider’s stock valued at $62,425,000 after acquiring an additional 96,664 shares in the last quarter. StoneX Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 1.6% in the 3rd quarter. StoneX Group Inc. now owns 39,246 shares of the financial services provider’s stock worth $12,997,000 after purchasing an additional 629 shares in the last quarter. Finally, Axiom Investment Management LLC raised its stake in shares of JPMorgan Chase & Co. by 3.1% in the third quarter. Axiom Investment Management LLC now owns 4,380 shares of the financial services provider’s stock worth $1,449,000 after purchasing an additional 132 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Bank of America increased their price objective on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Robert W. Baird increased their price objective on shares of JPMorgan Chase & Co. from $305.00 to $312.00 and gave the company a “neutral” rating in a research report on Wednesday, October 14th. UBS Group raised their target price on shares of JPMorgan Chase & Co. from $395.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, November 2nd. Citigroup cut their target price on shares of JPMorgan Chase & Co. from $360.00 to $350.00 and set a “neutral” rating for the company in a research report on Thursday, October 15th. Finally, Jefferies Financial Group reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $368.33.

Key JPMorgan Chase & Co. News

These are some of the JPM news items that stood out recently:

• Positive Sentiment: JPMorgan’s role in Anthropic’s potential IPO—including retail marketing and share allocations—could generate fees and showcase its investment-banking capabilities if the offering proceeds. Article: JPMorgan Chase Takes Lead Role In A Major AI IPO
• Negative Sentiment: A report notes that JPMorgan’s CFO has warned of weaker credit ahead. Potential deterioration in borrowers’ ability to repay could raise credit costs and pressure earnings, tempering the positive case for the bank’s dividend increase and long-term returns. Article: America’s Biggest Bank Turned $1,000 Into $5,559 in Ten Years
• Negative Sentiment: President Trump has urged JPMorgan and Bank of America to stop allegedly cutting conservatives off from banking services. The comments raise potential reputational and regulatory uncertainty, although the article does not report a specific enforcement action. Article: Trump Adds Fuel to Claims That Big Banks Discriminate Against Conservatives

JPMorgan Chase & Co. Stock Down 0.1%

JPM stock opened at $343.10 on Friday. The business’s 50-day moving average price is $340.80 and its 200-day moving average price is $324.61. The stock has a market cap of $911.15 billion, a P/E ratio of 14.39, a PEG ratio of 1.36 and a beta of 1.03. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. JPMorgan Chase & Co. has a twelve month low of $279.10 and a twelve month high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share for the quarter, missing the consensus estimate of $5.94 by ($0.19). The firm had revenue of $50.17 billion for the quarter, compared to analysts’ expectations of $51.23 billion. JPMorgan Chase & Co. had a net margin of 21.85% and a return on equity of 18.48%. JPMorgan Chase & Co.’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.07 EPS. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 23.95 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th were given a $1.65 dividend. The ex-dividend date was Tuesday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a dividend yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.68%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the completion of the transaction, the insider directly owned 71,047 shares in the company, valued at $25,066,092.07. This represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by insiders.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co. is a global financial services company serving consumers, businesses, institutional clients and governments. Its operations include consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. The company offers services such as deposit accounts, credit cards, mortgages, auto financing, lending, payment processing and investment advice. It also provides institutional clients with investment banking, markets, treasury and securities services, and commercial lending.