JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Trimmed by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 20.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 457,303 shares of the financial services provider's stock after selling 119,366 shares during the period. JPMorgan Chase & Co. makes up approximately 1.0% of Teachers Retirement System of The State of Kentucky's portfolio, making the stock its 10th largest position. Teachers Retirement System of The State of Kentucky's holdings in JPMorgan Chase & Co. were worth $109,620,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in JPMorgan Chase & Co. by 3.2% during the third quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider's stock valued at $1,228,110,000 after buying an additional 182,648 shares during the last quarter. Invst LLC boosted its position in JPMorgan Chase & Co. by 1.4% in the 3rd quarter. Invst LLC now owns 15,033 shares of the financial services provider's stock worth $3,170,000 after purchasing an additional 204 shares in the last quarter. Passumpsic Savings Bank lifted its stake in shares of JPMorgan Chase & Co. by 15.1% in the 3rd quarter. Passumpsic Savings Bank now owns 10,753 shares of the financial services provider's stock valued at $2,267,000 after purchasing an additional 1,407 shares during the period. SOA Wealth Advisors LLC. boosted its stake in shares of JPMorgan Chase & Co. by 1.5% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 21,082 shares of the financial services provider's stock worth $4,445,000 after acquiring an additional 311 shares in the last quarter. Finally, Morse Asset Management Inc grew its position in shares of JPMorgan Chase & Co. by 234.4% during the 3rd quarter. Morse Asset Management Inc now owns 7,226 shares of the financial services provider's stock valued at $1,524,000 after acquiring an additional 5,065 shares during the period. Institutional investors own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the sale, the chief operating officer now owns 54,469 shares in the company, valued at $14,698,459.65. This represents a 7.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the transaction, the chief executive officer now owns 158,381 shares of the company's stock, valued at $42,737,529.04. The trade was a 19.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,545 shares of company stock worth $19,149,144. Corporate insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $231.79 on Friday. The company's 50 day simple moving average is $244.72 and its 200-day simple moving average is $242.83. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a 1 year low of $185.98 and a 1 year high of $280.25. The company has a market capitalization of $645.07 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the previous year, the business earned $4.44 EPS. The company's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be paid a $1.40 dividend. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date is Friday, April 4th. This represents a $5.60 annualized dividend and a dividend yield of 2.42%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

Analyst Upgrades and Downgrades

JPM has been the topic of several research analyst reports. UBS Group raised their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday. Bank of America cut their price target on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a research report on Thursday, January 16th. Finally, StockNews.com cut shares of JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. has an average rating of "Hold" and an average price target of $255.67.

JPMorgan Chase & Co. Profile

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.

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