Kimball International, Inc. (KBAL) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in Kimball International, Inc. (NASDAQ:KBAL) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 169,432 shares of the company’s stock after selling 3,349 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.45% of Kimball International worth $2,828,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Swiss National Bank increased its holdings in Kimball International by 20.6% in the second quarter. Swiss National Bank now owns 61,500 shares of the company’s stock valued at $1,026,000 after buying an additional 10,500 shares during the last quarter. Chicago Equity Partners LLC increased its holdings in Kimball International by 221.4% in the second quarter. Chicago Equity Partners LLC now owns 49,200 shares of the company’s stock valued at $821,000 after buying an additional 33,890 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Kimball International by 17.6% in the second quarter. Victory Capital Management Inc. now owns 10,534 shares of the company’s stock valued at $176,000 after buying an additional 1,578 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Kimball International by 1,322.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,302 shares of the company’s stock valued at $105,000 after buying an additional 5,859 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in Kimball International by 3.8% in the second quarter. Legal & General Group Plc now owns 10,060 shares of the company’s stock valued at $168,000 after buying an additional 366 shares during the last quarter. 63.11% of the stock is owned by hedge funds and other institutional investors.

Shares of Kimball International, Inc. (NASDAQ KBAL) opened at 20.27 on Thursday. The company has a market capitalization of $759.80 million, a price-to-earnings ratio of 20.47 and a beta of 1.51. Kimball International, Inc. has a one year low of $11.97 and a one year high of $20.73. The company has a 50-day moving average price of $18.24 and a 200 day moving average price of $17.34.

Kimball International (NASDAQ:KBAL) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.05. The business had revenue of $171.98 million during the quarter. Kimball International had a net margin of 5.60% and a return on equity of 22.09%. On average, analysts forecast that Kimball International, Inc. will post $0.69 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, September 25th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, September 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.38%. This is a positive change from Kimball International’s previous quarterly dividend of $0.06. Kimball International’s dividend payout ratio is currently 28.28%.

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In other news, CEO Robert F. Schneider sold 31,790 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $16.05, for a total transaction of $510,229.50. Following the completion of the transaction, the chief executive officer now owns 280,621 shares of the company’s stock, valued at $4,503,967.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is currently owned by corporate insiders.

Separately, BidaskClub lowered Kimball International from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st.

About Kimball International

Kimball International, Inc creates design driven furnishings. The Company sells a portfolio of furniture products and services under three brands, which include Kimball Office, National Office Furniture, and Kimball Hospitality. The Company’s portfolio offers solutions for the workplace, learning, healing, and hospitality environments.

Institutional Ownership by Quarter for Kimball International (NASDAQ:KBAL)

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