Teachers Retirement System of The State of Kentucky Has $100.78 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Teachers Retirement System of The State of Kentucky lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 503,125 shares of the financial services provider’s stock after selling 41,145 shares during the quarter. JPMorgan Chase & Co. accounts for 0.9% of Teachers Retirement System of The State of Kentucky’s investment portfolio, making the stock its 10th largest holding. Teachers Retirement System of The State of Kentucky’s holdings in JPMorgan Chase & Co. were worth $100,776,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Activest Wealth Management grew its stake in shares of JPMorgan Chase & Co. by 1,111.1% during the 4th quarter. Activest Wealth Management now owns 436 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 400 shares during the period. Next Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 2.0% during the 4th quarter. Next Capital Management LLC now owns 15,115 shares of the financial services provider’s stock worth $2,571,000 after acquiring an additional 298 shares during the period. New Potomac Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 8.9% during the 4th quarter. New Potomac Partners LLC now owns 19,048 shares of the financial services provider’s stock worth $3,240,000 after acquiring an additional 1,556 shares during the period. Meridian Financial Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 5.9% during the 4th quarter. Meridian Financial Partners LLC now owns 9,782 shares of the financial services provider’s stock worth $1,638,000 after acquiring an additional 543 shares during the period. Finally, Summit Financial Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 3.2% during the 4th quarter. Summit Financial Wealth Advisors LLC now owns 9,473 shares of the financial services provider’s stock worth $1,611,000 after acquiring an additional 294 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 4.2 %

JPMorgan Chase & Co. stock traded down $8.82 during trading hours on Friday, reaching $199.14. The company had a trading volume of 18,041,676 shares, compared to its average volume of 9,240,251. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. The company has a 50-day moving average price of $203.48 and a 200 day moving average price of $192.96. The firm has a market cap of $571.86 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 2.42 and a beta of 1.12. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $217.56.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results 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 business had revenue of $50.80 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the firm earned $4.37 EPS. Equities analysts forecast that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were paid a $1.15 dividend. The ex-dividend date was Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.31%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.66%.

Insiders Place Their Bets

In other news, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the transaction, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the transaction, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Stacey Friedman sold 4,415 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the transaction, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The disclosure for this sale can be found here. Insiders have sold 72,343 shares of company stock valued at $14,137,789 in the last ninety days. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on JPM. Royal Bank of Canada restated an “outperform” rating and issued a $211.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Morgan Stanley raised their target price on JPMorgan Chase & Co. from $221.00 to $226.00 and gave the stock an “overweight” rating in a research note on Tuesday. Evercore ISI raised their target price on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Robert W. Baird lifted their price target on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Finally, Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.71.

About JPMorgan Chase & Co.

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.