JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 198,210 shares of the financial services provider's stock after selling 18,188 shares during the period. JPMorgan Chase & Co. comprises 1.2% of Kentucky Retirement Systems' portfolio, making the stock its 12th biggest position. Kentucky Retirement Systems' holdings in JPMorgan Chase & Co. were worth $41,795,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in JPM. WFA Asset Management Corp increased its holdings in JPMorgan Chase & Co. by 51.2% during the first quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider's stock valued at $244,000 after buying an additional 412 shares during the period. China Universal Asset Management Co. Ltd. bought a new stake in JPMorgan Chase & Co. during the 1st quarter valued at $1,185,000. Hoey Investments Inc. increased its holdings in shares of JPMorgan Chase & Co. by 5.9% in the 1st quarter. Hoey Investments Inc. now owns 22,378 shares of the financial services provider's stock valued at $4,482,000 after acquiring an additional 1,247 shares during the period. Cumberland Partners Ltd bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth $445,000. Finally, Wintrust Investments LLC raised its position in shares of JPMorgan Chase & Co. by 0.6% in the 1st quarter. Wintrust Investments LLC now owns 47,661 shares of the financial services provider's stock worth $9,547,000 after acquiring an additional 266 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock traded down $3.76 on Wednesday, hitting $239.33. The company had a trading volume of 3,086,395 shares, compared to its average volume of 9,073,819. JPMorgan Chase & Co. has a twelve month low of $152.57 and a twelve month high of $248.00. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The firm has a market cap of $673.80 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 3.56 and a beta of 1.10. The company has a 50-day moving average price of $220.81 and a 200-day moving average price of $210.92.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating analysts' consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The business had revenue of $43.32 billion during the quarter, compared to analysts' expectations of $41.43 billion. During the same quarter in the prior year, the firm earned $4.33 earnings per share. The business's revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Friday, October 4th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.82%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Citigroup lifted their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Baird R W downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their price target on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Finally, Evercore ISI increased their price objective on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $229.31.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.