Public Employees Retirement Association of Colorado Sells 19,224 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Public Employees Retirement Association of Colorado lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,859,764 shares of the financial services provider’s stock after selling 19,224 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.3% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 7th biggest holding. Public Employees Retirement Association of Colorado owned approximately 0.06% of JPMorgan Chase & Co. worth $289,268,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in JPM. Adams Chetwood Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 1.7% during the 1st quarter. Adams Chetwood Wealth Management LLC now owns 3,803 shares of the financial services provider’s stock worth $579,000 after buying an additional 65 shares in the last quarter. First PREMIER Bank increased its position in shares of JPMorgan Chase & Co. by 0.3% in the second quarter. First PREMIER Bank now owns 20,301 shares of the financial services provider’s stock worth $3,157,000 after acquiring an additional 68 shares in the last quarter. Breiter Capital Management Inc. increased its position in shares of JPMorgan Chase & Co. by 0.6% in the second quarter. Breiter Capital Management Inc. now owns 11,649 shares of the financial services provider’s stock worth $1,812,000 after acquiring an additional 69 shares in the last quarter. Verity Asset Management Inc. increased its position in shares of JPMorgan Chase & Co. by 4.6% in the second quarter. Verity Asset Management Inc. now owns 1,562 shares of the financial services provider’s stock worth $243,000 after acquiring an additional 69 shares in the last quarter. Finally, Element Wealth LLC grew its position in JPMorgan Chase & Co. by 1.4% during the second quarter. Element Wealth LLC now owns 5,195 shares of the financial services provider’s stock valued at $808,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 69.67% of the company’s stock.

Several analysts have commented on the stock. Keefe, Bruyette & Woods assumed coverage on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 7th. They issued a “market perform” rating and a $167.00 target price for the company. The Goldman Sachs Group set a $198.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday. Royal Bank of Canada upped their target price on shares of JPMorgan Chase & Co. from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday. Barclays set a $187.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 14th. Finally, Morgan Stanley increased their price objective on shares of JPMorgan Chase & Co. from $150.00 to $166.00 and gave the company an “underweight” rating in a research note on Thursday, July 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Buy” and a consensus target price of $170.18.

JPM stock traded up $1.91 during trading on Thursday, hitting $162.91. The company had a trading volume of 520,054 shares, compared to its average volume of 13,593,163. The business has a 50-day moving average of $160.59 and a 200-day moving average of $157.52. JPMorgan Chase & Co. has a one year low of $95.24 and a one year high of $171.51. The stock has a market cap of $486.80 billion, a PE ratio of 10.87, a PEG ratio of 2.24 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.18.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, October 12th. The financial services provider reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.74. JPMorgan Chase & Co. had a return on equity of 19.26% and a net margin of 37.71%. The company had revenue of $29.60 billion for the quarter, compared to analyst estimates of $29.63 billion. During the same period in the prior year, the firm earned $2.92 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was down 1.0% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 14.05 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 31st. Shareholders of record on Wednesday, October 6th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Tuesday, October 5th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.90. JPMorgan Chase & Co.’s dividend payout ratio is 45.05%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. It provides 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.

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

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