Virginia Retirement Systems ET AL Sells 199,200 Shares of JPMorgan Chase & Co. (JPM)

Virginia Retirement Systems ET AL lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 21.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 726,158 shares of the financial services provider’s stock after selling 199,200 shares during the quarter. JPMorgan Chase & Co. accounts for 0.8% of Virginia Retirement Systems ET AL’s investment portfolio, making the stock its 15th largest holding. Virginia Retirement Systems ET AL’s holdings in JPMorgan Chase & Co. were worth $69,355,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in JPM. Janus Henderson Group PLC increased its holdings in shares of JPMorgan Chase & Co. by 517.3% in the 2nd quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock valued at $507,632,000 after purchasing an additional 4,654,113 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of JPMorgan Chase & Co. by 29.2% in the 2nd quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock valued at $1,595,542,000 after purchasing an additional 3,945,948 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after purchasing an additional 3,717,683 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of JPMorgan Chase & Co. by 40.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock valued at $892,886,000 after purchasing an additional 2,828,726 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of JPMorgan Chase & Co. by 32.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 10,004,951 shares of the financial services provider’s stock valued at $955,573,000 after purchasing an additional 2,477,334 shares in the last quarter. Institutional investors own 73.02% of the company’s stock.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 17,729 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $112.33, for a total transaction of $1,991,498.57. Following the sale, the general counsel now directly owns 21,260 shares of the company’s stock, valued at approximately $2,388,135.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ashley Bacon sold 16,434 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the sale, the insider now directly owns 98,811 shares in the company, valued at $11,088,570.42. The disclosure for this sale can be found here. Insiders have sold a total of 152,047 shares of company stock worth $17,098,115 over the last ninety days. 0.88% of the stock is owned by corporate insiders.

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upgraded shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 price target for the company in a report on Tuesday, February 13th. Vetr upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $105.98 price target for the company in a report on Monday, February 12th. Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $128.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a report on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $108.71.

JPMorgan Chase & Co. (JPM) opened at $114.68 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $117.35. The firm has a market cap of $397,908.16, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.96 and a beta of 1.23.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. During the same period last year, the firm posted $1.71 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. equities research analysts anticipate that JPMorgan Chase & Co. will post 8.78 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were paid a dividend of $0.56 per share. The ex-dividend date was Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 1.95%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

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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.

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

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