JPMorgan Chase & Co. (NYSE:JPM) is Kimelman & Baird LLC’s 4th Largest Position

Kimelman & Baird LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,102 shares of the financial services provider’s stock after selling 3,770 shares during the quarter. JPMorgan Chase & Co. comprises about 4.2% of Kimelman & Baird LLC’s portfolio, making the stock its 4th biggest holding. Kimelman & Baird LLC’s holdings in JPMorgan Chase & Co. were worth $30,023,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in JPM. Wharton Business Group LLC increased its stake in JPMorgan Chase & Co. by 0.3% during the second quarter. Wharton Business Group LLC now owns 86,951 shares of the financial services provider’s stock worth $9,721,000 after purchasing an additional 235 shares during the period. New England Investment & Retirement Group Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 27.2% during the second quarter. New England Investment & Retirement Group Inc. now owns 6,695 shares of the financial services provider’s stock worth $748,000 after purchasing an additional 1,433 shares during the period. Carillon Tower Advisers Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 4.7% during the second quarter. Carillon Tower Advisers Inc. now owns 300,522 shares of the financial services provider’s stock worth $33,598,000 after purchasing an additional 13,477 shares during the period. Oakwood Capital Management LLC CA lifted its holdings in shares of JPMorgan Chase & Co. by 2.0% during the second quarter. Oakwood Capital Management LLC CA now owns 96,114 shares of the financial services provider’s stock worth $10,746,000 after purchasing an additional 1,898 shares during the period. Finally, Occidental Asset Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 137.2% during the second quarter. Occidental Asset Management LLC now owns 6,262 shares of the financial services provider’s stock worth $700,000 after purchasing an additional 3,622 shares during the period. 72.15% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Jennifer Piepszak sold 4,594 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $126.78, for a total value of $582,427.32. Following the completion of the transaction, the chief financial officer now owns 12,922 shares in the company, valued at $1,638,251.16. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Daniel E. Pinto sold 64,198 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $130.91, for a total value of $8,404,160.18. Following the completion of the transaction, the chief executive officer now owns 451,481 shares of the company’s stock, valued at approximately $59,103,377.71. The disclosure for this sale can be found here. In the last three months, insiders sold 152,944 shares of company stock valued at $19,088,970. 0.76% of the stock is owned by corporate insiders.

JPM has been the subject of several recent research reports. UBS Group increased their price target on JPMorgan Chase & Co. from $131.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Credit Suisse Group increased their price target on JPMorgan Chase & Co. from $135.00 to $138.00 and gave the stock an “outperform” rating in a report on Tuesday, November 26th. Royal Bank of Canada increased their price target on JPMorgan Chase & Co. to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Wells Fargo & Co set a $125.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, DZ Bank reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $124.30.

JPMorgan Chase & Co. stock traded up $0.08 during midday trading on Tuesday, reaching $134.49. The company’s stock had a trading volume of 5,718,792 shares, compared to its average volume of 8,599,970. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $135.78. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.93 and a current ratio of 0.93. The stock’s 50 day simple moving average is $129.39 and its 200 day simple moving average is $116.73. The firm has a market capitalization of $423.55 billion, a PE ratio of 14.94, a P/E/G ratio of 1.90 and a beta of 1.23.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, October 15th. The financial services provider reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.23. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. The company had revenue of $29.34 billion during the quarter, compared to the consensus estimate of $28.36 billion. During the same quarter last year, the company earned $2.34 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities analysts predict that JPMorgan Chase & Co. will post 10.17 earnings per share for the current year.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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