Kentucky Retirement Systems Lowers Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Kentucky Retirement Systems trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 219,552 shares of the financial services provider’s stock after selling 11,760 shares during the period. JPMorgan Chase & Co. makes up about 1.3% of Kentucky Retirement Systems’ holdings, making the stock its 11th biggest holding. Kentucky Retirement Systems’ holdings in JPMorgan Chase & Co. were worth $43,976,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of JPM. Blackston Financial Advisory Group LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter worth about $401,000. Hunter Perkins Capital Management LLC lifted its position in shares of JPMorgan Chase & Co. by 7.5% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 26,592 shares of the financial services provider’s stock worth $4,523,000 after buying an additional 1,856 shares in the last quarter. Well Done LLC boosted its position in shares of JPMorgan Chase & Co. by 16.5% during the 4th quarter. Well Done LLC now owns 13,042 shares of the financial services provider’s stock valued at $2,218,000 after acquiring an additional 1,848 shares during the last quarter. Elk River Wealth Management LLC lifted its position in JPMorgan Chase & Co. by 0.5% during the fourth quarter. Elk River Wealth Management LLC now owns 49,126 shares of the financial services provider’s stock valued at $8,356,000 after purchasing an additional 264 shares during the last quarter. Finally, Hill Island Financial LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter worth about $294,000. 71.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on JPM shares. UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Wells Fargo & Company upped their price objective 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. Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $214.00 to $221.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Royal Bank of Canada restated an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Finally, StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.89.

JPMorgan Chase & Co. Trading Up 1.7 %

NYSE JPM traded up $3.57 during trading hours on Friday, hitting $212.24. 8,027,787 shares of the company’s stock were exchanged, compared to its average volume of 9,013,996. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $217.56. The business’s 50 day moving average is $202.39 and its 200-day moving average is $191.75. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. The firm has a market capitalization of $609.48 billion, a P/E ratio of 11.84, a price-to-earnings-growth ratio of 2.49 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The business had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. During the same quarter last year, the firm earned $4.37 earnings per share. As a group, analysts anticipate that JPMorgan Chase & Co. will post 16.67 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be paid a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.17%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.66%.

Insider Activity

In other news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the completion of the transaction, the insider now owns 217,351 shares of the company’s stock, valued at $42,087,847.64. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Elena A. Korablina sold 21,829 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the transaction, the insider now owns 6,484 shares in the company, valued at approximately $1,237,860.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the completion of the transaction, the insider now owns 217,351 shares in the company, valued at $42,087,847.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,343 shares of company stock worth $14,137,789. 0.79% of the stock is currently owned by insiders.

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.