JPMorgan Chase & Co. $JPM Stock: Kimelman & Baird LLC Lowers Stake

Kimelman & Baird LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the third quarter, Holdings Channel.com reports. The firm owned 205,013 shares of the financial services provider’s stock after selling 1,524 shares during the period. JPMorgan Chase & Co. accounts for about 4.8% of Kimelman & Baird LLC’s portfolio, making the stock its 3rd largest position. Kimelman & Baird LLC’s holdings in JPMorgan Chase & Co. were worth $67,824,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. E Fund Management Co. Ltd. lifted its position in JPMorgan Chase & Co. by 7.1% in the second quarter. E Fund Management Co. Ltd. now owns 29,956 shares of the financial services provider’s stock worth $9,805,000 after buying an additional 1,973 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its position in JPMorgan Chase & Co. by 4.6% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 343,644 shares of the financial services provider’s stock worth $112,485,000 after purchasing an additional 15,017 shares during the period. Neumann Capital Management LLC purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter worth about $3,457,000. First National Bank of Mount Dora Trust Investment Services boosted its position in shares of JPMorgan Chase & Co. by 18.7% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 41,218 shares of the financial services provider’s stock valued at $12,125,000 after buying an additional 6,492 shares during the period. Finally, FAS Wealth Partners Inc. grew its stake in shares of JPMorgan Chase & Co. by 4.3% during the first quarter. FAS Wealth Partners Inc. now owns 43,527 shares of the financial services provider’s stock valued at $12,804,000 after buying an additional 1,794 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Down 0.1%

NYSE JPM opened at $343.10 on Friday. The firm has a market cap of $911.15 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.03. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $366.50. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. The company has a 50 day moving average price of $340.80 and a 200 day moving average price of $324.61.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $5.94 by ($0.19). JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The business had revenue of $50.17 billion for the quarter, compared to analyst estimates of $51.23 billion. During the same period in the previous year, the company posted $5.07 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 23.95 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th were paid a dividend of $1.65 per share. 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 dividend on an annualized basis and a dividend yield of 1.9%. JPMorgan Chase & Co.’s payout ratio is presently 27.68%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on JPM shares. TD Cowen initiated coverage on JPMorgan Chase & Co. in a report on Thursday, October 8th. They set a “hold” rating and a $370.00 price objective for the company. Bank of America upped their target price on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Freedom Broker raised shares of JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 15th. Deutsche Bank upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $375.00 price target for the company in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $370.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $368.33.

Trending Headlines about JPMorgan Chase & Co.

Investors following JPM have been watching these headlines:

• 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. Company 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.