JPMorgan Chase & Co. (NYSE:JPM) is Teachers Retirement System of The State of Kentucky’s 10th Largest Position

Teachers Retirement System of The State of Kentucky trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 749,349 shares of the financial services provider’s stock after selling 29,400 shares during the quarter. JPMorgan Chase & Co. comprises 0.8% of Teachers Retirement System of The State of Kentucky’s holdings, making the stock its 10th largest position. Teachers Retirement System of The State of Kentucky’s holdings in JPMorgan Chase & Co. were worth $70,484,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Your Advocates Ltd. LLP raised its stake in shares of JPMorgan Chase & Co. by 250.0% in the second quarter. Your Advocates Ltd. LLP now owns 175 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 125 shares during the last quarter. NuWave Investment Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the second quarter worth about $30,000. Lion Street Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the first quarter worth about $37,000. FAI Wealth Management grew its holdings in JPMorgan Chase & Co. by 317.0% during the second quarter. FAI Wealth Management now owns 417 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 317 shares during the period. Finally, Bay Harbor Wealth Management LLC grew its holdings in JPMorgan Chase & Co. by 18.3% during the second quarter. Bay Harbor Wealth Management LLC now owns 692 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 107 shares during the period. Hedge funds and other institutional investors own 69.35% of the company’s stock.

In other news, CEO Mary E. Erdoes sold 24,554 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of $99.52, for a total value of $2,443,614.08. Insiders own 0.78% of the company’s stock.

Several analysts recently commented on the company. Goldman Sachs Group raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Friday, July 24th. Berenberg Bank raised their target price on JPMorgan Chase & Co. from $77.00 to $80.00 and gave the stock a “sell” rating in a report on Monday, July 20th. Odeon Capital Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $105.75 target price on the stock in a report on Wednesday, May 20th. Morgan Stanley reaffirmed a “buy” rating and set a $106.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 27th. Finally, DA Davidson raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and raised their target price for the stock from $102.00 to $117.00 in a report on Thursday, July 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company. JPMorgan Chase & Co. currently has an average rating of “Buy” and an average target price of $111.37.

Shares of NYSE:JPM traded down $3.19 during trading on Tuesday, reaching $99.28. The stock had a trading volume of 23,660,387 shares, compared to its average volume of 20,928,539. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.88 and a current ratio of 0.88. The business has a fifty day moving average price of $99.98 and a 200-day moving average price of $97.41. The stock has a market cap of $302.57 billion, a PE ratio of 13.59, a PEG ratio of 3.39 and a beta of 1.16. JPMorgan Chase & Co. has a 1-year low of $76.91 and a 1-year high of $141.10.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.04. The firm had revenue of $32.98 billion for the quarter, compared to analyst estimates of $30.23 billion. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The business’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.82 earnings per share. Sell-side analysts expect that JPMorgan Chase & Co. will post 5.96 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.63%. JPMorgan Chase & Co.’s dividend payout ratio is presently 34.35%.

JPMorgan Chase & Co. 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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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