JPMorgan Chase & Co. $JPM Shares Acquired by Baird Financial Group Inc.

Key Points

• Baird Financial Group increased its JPMorgan stake by 1.8% in the second quarter, adding 118,691 shares to own 6.8 million shares valued at approximately $2.23 billion. Institutional investors collectively own 71.55% of the company.
• JPMorgan reported quarterly earnings of $6.14 per share, beating estimates of $5.59, while revenue rose 27.7% year over year to $58.02 billion.
• The bank raised its quarterly dividend from $1.50 to $1.65 per share, or $6.60 annually, representing a 2.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $363.29.

Baird Financial Group Inc. raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,806,039 shares of the financial services provider's stock after buying an additional 118,691 shares during the quarter. JPMorgan Chase & Co. accounts for 3.1% of Baird Financial Group Inc.'s portfolio, making the stock its 2nd largest position. Baird Financial Group Inc. owned about 0.26% of JPMorgan Chase & Co. worth $2,227,821,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. MBM Wealth Consultants LLC acquired a new position in JPMorgan Chase & Co. in the 1st quarter worth approximately $29,000. Aventus Investment Advisors Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at $33,000. Osbon Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $35,000. Timbuktu Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter worth $50,000. Finally, NI Acquisitions Company LLC purchased a new position in shares of JPMorgan Chase & Co. during the second quarter valued at $51,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $333.09 on Friday. The stock has a market capitalization of $885.42 billion, a P/E ratio of 14.27, a P/E/G ratio of 1.38 and a beta of 1.02. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50-day moving average of $352.86 and a two-hundred day moving average of $327.08. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The company had revenue of $58.02 billion for the quarter, compared to the consensus estimate of $50.72 billion. During the same quarter last year, the company posted $4.96 earnings per share. The company's revenue for the quarter was up 27.7% compared to the same quarter last year. On average, equities research analysts predict that JPMorgan Chase & Co. will post 24.11 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Tuesday, October 6th will be paid a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, October 6th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 25.71%.

More JPMorgan Chase & Co. News

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: Strong earnings setup: Analysts expect JPMorgan to potentially beat estimates again, citing its history of positive earnings surprises and favorable underlying factors. Its latest reported quarter also exceeded consensus expectations for both earnings and revenue. Will JPMorgan Chase & Co. Beat Estimates Again?
• Positive Sentiment: Dividend and capital appeal: JPMorgan remains a prominent income-stock candidate, with its dividend ex-date approaching. Analysts also highlight the bank’s capital cushion and track record as supporting dividend resilience during a downturn. JPM vs. BAC: The Bank Built to Sustain Dividend Growth
• Positive Sentiment: Potentially clearer regulatory planning: The Federal Reserve’s revised stress-testing framework is intended to reduce swings in bank capital requirements, which could improve JPMorgan’s ability to plan distributions and manage capital. Fed Revamps Bank Stress Tests
• Neutral Sentiment: Management succession planning: JPMorgan elevated Doug Petno and Troy Rohrbaugh to co-presidents as the board prepares for Jamie Dimon’s eventual succession. The move adds structure but also highlights uncertainty around replacing the long-serving CEO. JPMorgan Elevates Co-Presidents
• Neutral Sentiment: Bond-market activity: JPMorgan has completed several fixed-income offerings, increasing funding while investors assess the implications for its capital structure. The activity is not necessarily negative, but it may reinforce scrutiny of leverage and funding costs. JPMorgan Taps Bond Markets
• Negative Sentiment: Sector-wide selling: JPMorgan is being dragged lower with other money-center banks as investors reduce exposure to financial stocks. Citigroup and Bank of America also declined, indicating the pressure is broader than company-specific news. Bank Stocks Slide
• Negative Sentiment: Technical pressure: JPM shares are trading below their 50-day moving average, a signal that near-term momentum has weakened and that investors may remain cautious despite the stock’s longer-term fundamentals. JPMorgan Trades Below 50-Day SMA

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of research reports. Royal Bank Of Canada raised their price objective on JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 15th. Bank of America upped their target price on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a "buy" rating in a report on Thursday, July 16th. Barclays increased their price target on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $375.00 to $390.00 and gave the stock an "overweight" rating in a report on Friday, August 14th. Finally, Evercore reaffirmed an "outperform" rating and set a $360.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. Sixteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $363.29.

Insider Buying and Selling

In related news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. 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 transaction, the insider owned 71,047 shares in the company, valued at $25,066,092.07. This trade represents a 3.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by company insiders.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, investment banking, asset management, private banking, commercial banking, consumer lending and payment services to individuals, businesses, institutions and governments.

The company operates through major business areas that include Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management. Its products and services include deposit accounts, credit cards, mortgages, auto loans, business financing, investment and advisory services, securities trading and custody, payment processing, and wealth-management solutions.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across international markets.

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