Virginia Retirement Systems ET AL Has $69.36 Million Holdings in JPMorgan Chase & Co. (JPM)

Virginia Retirement Systems ET AL reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 21.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 726,158 shares of the financial services provider’s stock after selling 199,200 shares during the period. JPMorgan Chase & Co. accounts for about 0.8% of Virginia Retirement Systems ET AL’s investment portfolio, making the stock its 15th largest position. Virginia Retirement Systems ET AL’s holdings in JPMorgan Chase & Co. were worth $69,355,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Private Vista LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter worth approximately $102,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter worth approximately $102,000. Welch Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter worth approximately $103,000. Legacy Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter worth approximately $106,000. Finally, Atlantic Trust LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter worth approximately $136,000. 73.02% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on JPM shares. Wells Fargo & Co raised their target price on shares of JPMorgan Chase & Co. from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Barclays raised their target price on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Societe Generale cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $108.71.

In other news, CEO Mary E. Erdoes sold 65,101 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the sale, the chief executive officer now owns 479,882 shares in the company, valued at $53,866,754.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 17,729 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $112.33, for a total transaction of $1,991,498.57. Following the sale, the general counsel now owns 21,260 shares in the company, valued at approximately $2,388,135.80. The disclosure for this sale can be found here. Insiders have sold 152,047 shares of company stock worth $17,098,115 in the last quarter. Insiders own 0.88% of the company’s stock.

Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $114.68 on Tuesday. The stock has a market cap of $397,908.16, a P/E ratio of 18.20, a PEG ratio of 1.96 and a beta of 1.23. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $117.35. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. The company had revenue of $24.15 billion for 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 business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.71 earnings per share. sell-side analysts forecast that JPMorgan Chase & Co. will post 8.78 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were paid a dividend of $0.56 per share. The ex-dividend date was Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.95%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

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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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