Louisiana State Employees Retirement System Lowers Holdings in JPMorgan Chase & Co. (JPM)

Louisiana State Employees Retirement System reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 210,100 shares of the financial services provider’s stock after selling 9,600 shares during the period. JPMorgan Chase & Co. makes up 1.0% of Louisiana State Employees Retirement System’s investment portfolio, making the stock its 7th largest holding. Louisiana State Employees Retirement System’s holdings in JPMorgan Chase & Co. were worth $22,468,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Private Vista LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter worth about $102,000. Kohmann Bosshard Financial Services LLC purchased a new stake in JPMorgan Chase & Co. during the third quarter worth about $102,000. Welch Investments LLC purchased a new stake in JPMorgan Chase & Co. during the third quarter worth about $103,000. Legacy Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the third quarter worth about $106,000. Finally, Atlantic Trust LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter worth about $136,000. 74.47% of the stock is currently owned by institutional investors.

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JPMorgan Chase & Co. stock opened at $107.01 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.24. The stock has a market cap of $367,253.94, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.81 and a beta of 1.18. JPMorgan Chase & Co. has a 52-week low of $81.64 and a 52-week high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. The business had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.71 earnings per share. equities analysts expect that JPMorgan Chase & Co. will post 8.89 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 6th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.56%.

A number of research firms recently commented on JPM. Keefe, Bruyette & Woods raised shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 price objective on the stock in a report on Tuesday, February 13th. ValuEngine raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Vining Sparks reissued a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a report on Friday, January 12th. Vetr raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $105.98 price objective on the stock in a report on Monday, February 12th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. JPMorgan Chase & Co. has a consensus rating of “Buy” and an average target price of $112.14.

In other news, CEO Mary E. Erdoes sold 65,101 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total value of $7,307,587.25. Following the completion of the transaction, the chief executive officer now owns 479,882 shares of the company’s stock, valued at $53,866,754.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ashley Bacon sold 16,434 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the transaction, the insider now directly owns 98,811 shares of the company’s stock, valued at approximately $11,088,570.42. The disclosure for this sale can be found here. In the last three months, insiders sold 152,047 shares of company stock valued at $17,098,115. Company insiders own 0.88% of the company’s stock.

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JPMorgan Chase & Co. Company 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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