Teachers Retirement System of The State of Kentucky Acquires 107,300 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Teachers Retirement System of The State of Kentucky lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 8.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,322,895 shares of the financial services provider’s stock after acquiring an additional 107,300 shares during the period. JPMorgan Chase & Co. accounts for 1.5% of Teachers Retirement System of The State of Kentucky’s portfolio, making the stock its 2nd largest position. Teachers Retirement System of The State of Kentucky’s holdings in JPMorgan Chase & Co. were worth $126,349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morningstar Investment Services LLC boosted its position in JPMorgan Chase & Co. by 7.3% during the third quarter. Morningstar Investment Services LLC now owns 11,030 shares of the financial services provider’s stock worth $1,053,000 after purchasing an additional 748 shares in the last quarter. Capital Planning Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 21.3% in the third quarter. Capital Planning Advisors LLC now owns 9,924 shares of the financial services provider’s stock valued at $948,000 after acquiring an additional 1,745 shares in the last quarter. Alliance Wealth Management Group lifted its position in shares of JPMorgan Chase & Co. by 100.0% in the third quarter. Alliance Wealth Management Group now owns 42,114 shares of the financial services provider’s stock valued at $4,022,000 after acquiring an additional 21,057 shares in the last quarter. Johnson Financial Group LLC increased its holdings in shares of JPMorgan Chase & Co. by 9.6% in the third quarter. Johnson Financial Group LLC now owns 9,893 shares of the financial services provider’s stock valued at $944,000 after purchasing an additional 866 shares during the last quarter. Finally, Gratus Capital LLC increased its holdings in shares of JPMorgan Chase & Co. by 3.9% in the third quarter. Gratus Capital LLC now owns 89,324 shares of the financial services provider’s stock valued at $8,531,000 after purchasing an additional 3,357 shares during the last quarter. 73.02% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on JPM shares. Wells Fargo & Co increased their price target on JPMorgan Chase & Co. from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Friday, December 8th. Barclays raised their price target on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Societe Generale lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $128.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $109.67.

In related news, Director James S. Crown acquired 7,280 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were acquired at an average price of $113.37 per share, for a total transaction of $825,333.60. Following the completion of the purchase, the director now directly owns 305,875 shares of the company’s stock, valued at $34,677,048.75. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Peter Scher sold 17,057 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.20, for a total transaction of $1,913,795.40. Following the transaction, the executive vice president now owns 15,310 shares in the company, valued at approximately $1,717,782. The disclosure for this sale can be found here. Insiders sold 152,047 shares of company stock worth $17,098,115 in the last three months. 0.88% of the stock is currently owned by corporate insiders.

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $115.73 on Friday. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $117.45. The stock has a market capitalization of $401,550.00, a price-to-earnings ratio of 18.14, a P/E/G ratio of 1.97 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The company had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same period in the prior year, the company posted $1.71 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. equities analysts anticipate that JPMorgan Chase & Co. will post 8.77 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were issued a $0.56 dividend. The ex-dividend date was Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a yield of 1.94%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.11%.

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JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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