Kentucky Retirement Systems Insurance Trust Fund Has $31.91 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Kentucky Retirement Systems Insurance Trust Fund lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 58.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 133,124 shares of the financial services provider’s stock after buying an additional 48,886 shares during the period. JPMorgan Chase & Co. comprises 2.8% of Kentucky Retirement Systems Insurance Trust Fund’s portfolio, making the stock its 3rd biggest holding. Kentucky Retirement Systems Insurance Trust Fund’s holdings in JPMorgan Chase & Co. were worth $31,911,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Ramsay Stattman Vela & Price Inc. raised its position in JPMorgan Chase & Co. by 0.7% in the fourth quarter. Ramsay Stattman Vela & Price Inc. now owns 9,805 shares of the financial services provider’s stock worth $2,350,000 after purchasing an additional 64 shares in the last quarter. Creative Capital Management Investments LLC raised its position in JPMorgan Chase & Co. by 219.8% in the fourth quarter. Creative Capital Management Investments LLC now owns 598 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 411 shares in the last quarter. Traction Financial Partners LLC raised its position in JPMorgan Chase & Co. by 3.7% in the fourth quarter. Traction Financial Partners LLC now owns 1,866 shares of the financial services provider’s stock worth $447,000 after purchasing an additional 67 shares in the last quarter. Key Financial Inc raised its position in JPMorgan Chase & Co. by 0.3% in the fourth quarter. Key Financial Inc now owns 23,095 shares of the financial services provider’s stock worth $5,536,000 after purchasing an additional 61 shares in the last quarter. Finally, BKM Wealth Management LLC raised its position in JPMorgan Chase & Co. by 6.1% in the fourth quarter. BKM Wealth Management LLC now owns 16,335 shares of the financial services provider’s stock worth $3,916,000 after purchasing an additional 938 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on JPM. Bank of America increased their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a report on Thursday, November 7th. Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Barclays raised their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $251.78.

Insider Transactions at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the sale, the chief executive officer now directly owns 158,381 shares in the company, valued at $42,737,529.04. This represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,326 shares of company stock valued at $12,448,445 over the last three months. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $264.56 on Friday. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25. The stock has a market cap of $739.74 billion, a PE ratio of 13.40, a PEG ratio of 2.83 and a beta of 1.12. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The firm’s 50 day moving average price is $258.55 and its two-hundred day moving average price is $236.93.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm posted $3.04 earnings per share. As a group, analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.89%. JPMorgan Chase & Co.’s dividend payout ratio is 25.33%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.