Teachers Retirement System of The State of Kentucky Sells 11,886 Shares of JPMorgan Chase & Co. $JPM

Teachers Retirement System of The State of Kentucky cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 439,874 shares of the financial services provider’s stock after selling 11,886 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.1% of Teachers Retirement System of The State of Kentucky’s portfolio, making the stock its 10th largest holding. Teachers Retirement System of The State of Kentucky’s holdings in JPMorgan Chase & Co. were worth $141,736,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. True Link Financial Advisors LLC increased its stake in JPMorgan Chase & Co. by 61.0% in the fourth quarter. True Link Financial Advisors LLC now owns 2,318 shares of the financial services provider’s stock valued at $747,000 after purchasing an additional 878 shares during the period. Coquina Private Wealth LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at $2,205,000. Mattern Capital Management LLC increased its stake in JPMorgan Chase & Co. by 3.3% in the fourth quarter. Mattern Capital Management LLC now owns 4,977 shares of the financial services provider’s stock valued at $1,604,000 after purchasing an additional 158 shares during the period. Riverbend Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 4.5% in the fourth quarter. Riverbend Wealth Management LLC now owns 6,819 shares of the financial services provider’s stock valued at $2,197,000 after purchasing an additional 296 shares during the period. Finally, Equita Financial Network Inc. increased its stake in JPMorgan Chase & Co. by 8.4% in the fourth quarter. Equita Financial Network Inc. now owns 965 shares of the financial services provider’s stock valued at $311,000 after purchasing an additional 75 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

More JPMorgan Chase & Co. News

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: Blockchain pilot: JPMorgan’s Kinexys unit, working with Ripple, Ondo Finance and Mastercard, completed a near?real?time cross?border settlement of tokenized U.S. Treasuries — a tangible step toward fee?generating tokenization services and payments interoperability that lifted the stock. Ondo, JPMorgan Settle Tokenized Treasuries on XRP Ledger
• Positive Sentiment: Analyst/bench support: Barclays and RBC reaffirmed bullish views (Barclays kept a Buy) and HSBC adjusted its price target upward — analyst backing helps underpin investor confidence. Barclays keeps Buy on JPMorgan
• Positive Sentiment: Strategic growth moves: JPMorgan hired Morgan Stanley’s Boyle to lead private?equity secondaries and is rolling out product upgrades to attract Gen?Z/new?to?bank customers — both expand low?cost deposit gathering and fee?earning capabilities. JPMorgan Hires Morgan Stanley’s Boyle Chase Revamps Products to Win Gen Z Deposits
• Neutral Sentiment: Macro/market context: Financial stocks were broadly higher today, giving JPMorgan a sector tailwind that can amplify positive company?specific news. Sector Update: Financial Stocks Higher
• Neutral Sentiment: CEO commentary: Jamie Dimon said he’s unsure how consumer AI will play out — a cautious stance that signals management is monitoring tech risks/opportunities but implies no immediate strategic shift. Jamie Dimon on consumer AI
• Negative Sentiment: Reputational/legal risk: The New York Times reports JPMorgan offered roughly $1M to settle harassment accusations involving an executive before a former employee filed suit — this could prompt investor concern about governance, litigation exposure and headline risk. JPMorgan Tried to Settle Harassment Accusations
• Negative Sentiment: Insider selling: COO Jennifer Piepszak and CFO Jeremy Barnum disclosed sales totaling ~8,000 shares under Rule 10b5?1 plans; routine but often read unfavorably by some investors as executives lock in gains. Piepszak SEC filing Barnum SEC filing

JPMorgan Chase & Co. Stock Up 1.8%

Shares of NYSE JPM opened at $315.02 on Thursday. JPMorgan Chase & Co. has a 12-month low of $248.83 and a 12-month high of $337.25. The company has a market capitalization of $844.09 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 1.51 and a beta of 1.03. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.86 and a quick ratio of 0.85. The firm’s 50-day moving average is $299.51 and its two-hundred day moving average is $307.19.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.50 by $0.44. JPMorgan Chase & Co. had a net margin of 20.66% and a return on equity of 17.54%. The company had revenue of $50.54 billion for the quarter, compared to the consensus estimate of $48.30 billion. During the same quarter in the prior year, the firm earned $5.07 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts anticipate that JPMorgan Chase & Co. will post 22.42 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Monday, April 6th were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, April 6th. JPMorgan Chase & Co.’s dividend payout ratio is 28.74%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JPM. Argus lifted their target price on shares of JPMorgan Chase & Co. from $340.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Daiwa Securities Group lowered their target price on shares of JPMorgan Chase & Co. from $340.00 to $328.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Barclays reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Autonomous Res lowered their target price on shares of JPMorgan Chase & Co. from $360.00 to $324.00 and set a “neutral” rating on the stock in a report on Monday, April 6th. Finally, Wall Street Zen raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Sunday, January 18th. Fifteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $337.12.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,404 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $306.40, for a total value of $1,042,985.60. Following the sale, the general counsel owned 61,949 shares of the company’s stock, valued at $18,981,173.60. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jennifer Piepszak sold 4,919 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total transaction of $1,522,036.98. Following the completion of the transaction, the chief operating officer directly owned 85,082 shares of the company’s stock, valued at approximately $26,326,072.44. This represents a 5.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 79,849 shares of company stock valued at $24,522,956. 0.41% of the stock is owned by company insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.