New York State Teachers Retirement System Sells 130,982 Shares of JPMorgan Chase & Co. (JPM)

New York State Teachers Retirement System lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,069,287 shares of the financial services provider’s stock after selling 130,982 shares during the quarter. JPMorgan Chase & Co. accounts for 1.4% of New York State Teachers Retirement System’s portfolio, making the stock its 8th largest position. New York State Teachers Retirement System’s holdings in JPMorgan Chase & Co. were worth $579,678,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted 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 buying an additional 3,717,683 shares during the period. Northern Trust Corp raised its holdings in JPMorgan Chase & Co. by 1.8% in the 2nd quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock worth $4,475,468,000 after purchasing an additional 847,463 shares during the period. Capital Research Global Investors raised its holdings in JPMorgan Chase & Co. by 2.5% in the 2nd quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock worth $2,898,729,000 after purchasing an additional 765,082 shares during the period. Dimensional Fund Advisors LP raised its holdings in JPMorgan Chase & Co. by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock worth $2,621,677,000 after purchasing an additional 176,306 shares during the period. Finally, Legal & General Group Plc raised its holdings in JPMorgan Chase & Co. by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 17,769,351 shares of the financial services provider’s stock worth $1,624,143,000 after purchasing an additional 369,878 shares during the period. Institutional investors and hedge funds own 73.76% of the company’s stock.

Shares of JPMorgan Chase & Co. (JPM) opened at $109.05 on Wednesday. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $110.03. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $378,370.00, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 2.04 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.09. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The company had revenue of $25.33 billion during the quarter, compared to analyst estimates of $24.91 billion. During the same period in the previous year, the business earned $1.58 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 2.6% on a year-over-year basis. equities analysts anticipate that JPMorgan Chase & Co. will post 6.91 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 2.05%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.14%.

A number of equities analysts recently weighed in on JPM shares. Bank of America set a $102.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, October 13th. Credit Suisse Group reaffirmed a “buy” rating and issued a $110.00 price target (up previously from $103.00) on shares of JPMorgan Chase & Co. in a report on Monday, October 9th. They noted that the move was a valuation call. Jefferies Group set a $111.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, October 13th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $105.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, November 15th. Finally, Wells Fargo & Co set a $120.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Wednesday, December 20th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $93.64.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the sale, the general counsel now directly owns 15,279 shares in the company, valued at $1,557,846.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is currently owned by insiders.

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About JPMorgan Chase & Co.

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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