Kimelman & Baird LLC Sells 8,657 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Kimelman & Baird LLC trimmed its stake in JPMorgan Chase & Co. by 3.5%, selling 8,657 shares and leaving it with 235,406 shares worth about $74.25 million, with JPM representing roughly 5.8% of the firm's portfolio as its largest position.
• JPMorgan beat quarterly EPS estimates, reporting $5.23 per share vs. $4.93 expected, with revenue of $45.8 billion (up 7.1% year-over-year) and analysts forecasting about $18.1 EPS for the current fiscal year.
• The board declared a quarterly dividend of $1.50 (annualized $6.00, yield ~2.1%), with an ex-dividend date of April 6 and a payment date of April 30.

Kimelman & Baird LLC reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 235,406 shares of the financial services provider's stock after selling 8,657 shares during the period. JPMorgan Chase & Co. makes up approximately 5.8% of Kimelman & Baird LLC's portfolio, making the stock its largest position. Kimelman & Baird LLC's holdings in JPMorgan Chase & Co. were worth $74,254,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in JPM. Opes Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 8.9% in the 3rd quarter. Opes Wealth Management LLC now owns 781 shares of the financial services provider's stock valued at $246,000 after purchasing an additional 64 shares in the last quarter. Trust Investment Advisors raised its stake in shares of JPMorgan Chase & Co. by 0.9% during the 3rd quarter. Trust Investment Advisors now owns 9,670 shares of the financial services provider's stock worth $3,050,000 after buying an additional 88 shares in the last quarter. Manhattan West Asset Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 0.8% in the 3rd quarter. Manhattan West Asset Management LLC now owns 28,337 shares of the financial services provider's stock valued at $8,938,000 after buying an additional 222 shares during the period. Liontrust Investment Partners LLP acquired a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at approximately $13,854,000. Finally, LifeGoal Investments LLC boosted its stake in shares of JPMorgan Chase & Co. by 7.1% in the third quarter. LifeGoal Investments LLC now owns 1,165 shares of the financial services provider's stock valued at $367,000 after buying an additional 77 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Up 0.1%

JPM opened at $287.91 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $776.50 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 1.19 and a beta of 1.06. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $337.25. The business's fifty day moving average is $303.18 and its two-hundred day moving average is $307.94.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Tuesday, January 13th. The financial services provider reported $5.23 earnings per share for the quarter, beating analysts' consensus estimates of $4.93 by $0.30. The business had revenue of $45.80 billion during the quarter, compared to analysts' expectations of $45.98 billion. JPMorgan Chase & Co. had a return on equity of 17.16% and a net margin of 20.35%.The business's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $4.81 earnings per share. Analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Monday, April 6th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, April 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 29.99%.

Trending Headlines about JPMorgan Chase & Co.

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

• Positive Sentiment: Proposal to loosen bank capital rules would free up capital for buybacks, dividends and lending, which should boost returns for big banks including JPMorgan. Big Banks Win Big With Proposal to Loosen Capital Rules
• Positive Sentiment: J.P. Morgan Asset Management launched two active Equity Premium Yield ETFs (ROCY, ROCQ), expanding its derivative-income product suite — a potential recurring fee stream. J.P. Morgan Debuts Equity Premium Yield ETFs ROCY and ROCQ on Nasdaq
• Positive Sentiment: New wealth-management push targeting athletes (Athlete Council with high-profile partners) can deepen relationships and generate advisory and deposit flows over time. JPMorganChase Partners With Sports Legends to Help Athletes Master Their Money
• Positive Sentiment: JPMorgan Payments partnered with Mastercard to roll out a virtual card in Europe — product expansion that could boost commercial payments revenue. JPMorgan Payments and Mastercard Launch Virtual Card Partnership
• Positive Sentiment: JPMorgan is sole mandated lead arranger on a ~$2B loan for Korea Zinc’s U.S. critical-minerals plant — a win for fee income and advisory. Korea Zinc Seeks $2 Billion Loan for US Critical Minerals Plant
• Positive Sentiment: Board declared a $1.50 quarterly dividend (ex-dividend Apr 6) — supports yield-oriented investor appeal and signals capital return commitment. JPMorgan Chase declares $1.50 dividend
• Neutral Sentiment: JPMorgan paused underwriting a $5.3B Qualtrics debt sale after weak demand — highlights episodic stress in syndicated debt markets but limited direct impact on JPM’s core franchise. JPMorgan Halts $5.3B Qualtrics Debt Sale as AI Concerns Weigh
• Negative Sentiment: Unusually large put-option flow: traders bought ~135,219 puts on JPM (a ~58% rise vs. average), suggesting elevated hedging or bearish bets that can amplify intraday volatility. (internal options flow report)
• Negative Sentiment: JPMorgan strategists cut the S&P 500 year-end target to 7,200, warning that higher oil (and Middle East conflict) could shave corporate earnings — a cautious outlook that can hurt financial-sector sentiment. S&P 500 Price Target Slashed to 7,200 by JPMorgan on Recession Risks
• Negative Sentiment: Rising oil prices and escalating Middle East tensions are prompting investor risk-off that has pressured bank stocks broadly; JPM strategists warn investors may be complacent about the Iran war’s market impact. JPMorgan Strategists Say Investors Are Complacent on Iran War
• Negative Sentiment: Coverage pieces flag JPMorgan’s positioning against private credit and potential friction as that market re-prices — a strategic hedge but one that could get “messy” if stress rises. How JPMorgan Chase Is Betting Against Private Credit and Why It Could Get Messy

Analyst Ratings Changes

JPM has been the subject of several research analyst reports. Weiss Ratings reiterated a "buy (b+)" rating on shares of JPMorgan Chase & Co. in a research report on Monday, December 22nd. DZ Bank restated a "neutral" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 14th. Zacks Research raised shares of JPMorgan Chase & Co. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 10th. Daiwa Securities Group increased their price target on shares of JPMorgan Chase & Co. from $345.00 to $353.00 and gave the company an "outperform" rating in a report on Tuesday, January 6th. Finally, The Goldman Sachs Group raised their price objective on shares of JPMorgan Chase & Co. from $386.00 to $397.00 and gave the company a "buy" rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $340.00.

Insider Activity

In other news, COO Jennifer Piepszak sold 8,571 shares of the stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $312.79, for a total value of $2,680,923.09. Following the sale, the chief operating officer directly owned 71,027 shares in the company, valued at $22,216,535.33. This represents a 10.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeremy Barnum sold 2,893 shares of the firm's stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $312.79, for a total transaction of $904,901.47. Following the transaction, the chief financial officer directly owned 26,696 shares of the company's stock, valued at approximately $8,350,241.84. This trade represents a 9.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 71,596 shares of company stock worth $22,067,932 in the last three months. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co NYSE: JPM is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm's principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

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