JPMorgan Chase & Co. $JPM is Baird Financial Group Inc.’s 3rd Largest Position

Baird Financial Group Inc. boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,257,540 shares of the financial services provider’s stock after buying an additional 151,170 shares during the period. JPMorgan Chase & Co. makes up approximately 3.2% of Baird Financial Group Inc.’s portfolio, making the stock its 3rd biggest position. Baird Financial Group Inc. owned about 0.23% of JPMorgan Chase & Co. worth $1,814,124,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of JPM. Kingstone Capital Partners Texas LLC boosted its position in shares of JPMorgan Chase & Co. by 609,867.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 72,897,211 shares of the financial services provider’s stock worth $21,133,630,000 after purchasing an additional 72,885,260 shares during the period. Norges Bank acquired a new position in JPMorgan Chase & Co. during the second quarter worth $10,295,209,000. Laurel Wealth Advisors LLC lifted its stake in JPMorgan Chase & Co. by 28,813.7% during the second quarter. Laurel Wealth Advisors LLC now owns 16,785,584 shares of the financial services provider’s stock worth $4,866,309,000 after purchasing an additional 16,727,530 shares in the last quarter. Nuveen LLC acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at $3,972,807,000. Finally, Montrusco Bolton Investments Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $485,802,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Evercore ISI raised their target price on JPMorgan Chase & Co. from $309.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Royal Bank Of Canada reissued a “buy” rating and issued a $343.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 14th. DZ Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 15th. Morgan Stanley increased their target price on shares of JPMorgan Chase & Co. from $336.00 to $338.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 15th. Finally, Loop Capital set a $310.00 price target on shares of JPMorgan Chase & Co. in a research note on Thursday, October 23rd. Fifteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $325.81.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $315.20 on Monday. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $322.25. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $858.06 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08. The business’s fifty day moving average price is $306.73 and its 200 day moving average price is $295.09.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. The company had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.JPMorgan Chase & Co.’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the business earned $4.37 EPS. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, October 6th were paid a dividend of $1.50 per share. The ex-dividend date was Monday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.72%.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 966 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $311.92, for a total value of $301,314.72. Following the transaction, the insider directly owned 58,479 shares in the company, valued at $18,240,769.68. This represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is owned by company insiders.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.