JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 499,959 shares of the financial services provider’s stock after selling 3,166 shares during the period. JPMorgan Chase & Co. makes up approximately 0.9% of Teachers Retirement System of The State of Kentucky’s portfolio, making the stock its 10th biggest holding. Teachers Retirement System of The State of Kentucky’s holdings in JPMorgan Chase & Co. were worth $101,122,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Delphi Management Inc. MA grew its stake in shares of JPMorgan Chase & Co. by 0.9% during the 2nd quarter. Delphi Management Inc. MA now owns 8,985 shares of the financial services provider’s stock worth $1,818,000 after purchasing an additional 77 shares during the period. Ariadne Wealth Management LP purchased a new stake in JPMorgan Chase & Co. during the second quarter worth $736,000. Aldebaran Financial Inc. boosted its holdings in JPMorgan Chase & Co. by 6.0% during the second quarter. Aldebaran Financial Inc. now owns 10,678 shares of the financial services provider’s stock worth $2,160,000 after buying an additional 603 shares in the last quarter. 3Chopt Investment Partners LLC grew its position in JPMorgan Chase & Co. by 0.4% during the second quarter. 3Chopt Investment Partners LLC now owns 17,366 shares of the financial services provider’s stock valued at $3,512,000 after buying an additional 69 shares during the period. Finally, Heartland Bank & Trust Co increased its holdings in JPMorgan Chase & Co. by 0.6% in the second quarter. Heartland Bank & Trust Co now owns 19,206 shares of the financial services provider’s stock valued at $3,885,000 after buying an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on JPM. Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Piper Sandler boosted their price objective on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $220.00 to $224.00 in a research report on Monday. Finally, Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $211.31.

JPMorgan Chase & Co. Trading Up 0.1 %

Shares of JPMorgan Chase & Co. stock opened at $210.79 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $211.48 and its 200-day simple moving average is $202.73. The stock has a market cap of $605.32 billion, a P/E ratio of 11.76, a P/E/G ratio of 2.39 and a beta of 1.12. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. The firm had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same quarter last year, the business posted $4.37 earnings per share. Analysts predict that JPMorgan Chase & Co. will post 16.72 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be given a dividend of $1.25 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.37%. JPMorgan Chase & Co.’s payout ratio is presently 27.89%.

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.