Country Trust Bank reduced its holdings in JPMorgan Chase & Co. by 4.5% during the third quarter, selling 9,340 shares and ending the period with 199,212 shares. This position represents approximately 1.4% of Country Trust Bank’s total investment portfolio, making JPMorgan its 19th largest holding. As of the filing date, the bank’s stake in JPMorgan was valued at $62.8 million.

Several other investment managers also adjusted their exposure to JPMorgan during recent quarters. Creative Planning increased its stake by 2.2%, acquiring 29,844 additional shares to reach 1,364,887 shares, valued at $395.7 million. Aviva PLC expanded its position by 6.0%, adding 126,742 shares to hold 2,232,458 shares worth $647.2 million. Triangle Securities Wealth Management grew its third-quarter holding by 14.1%, purchasing 3,191 shares to total 25,822 shares valued at $8.1 million. Kelman Lazarov Inc. raised its second-quarter position by 16.9%, and Gladwyn Financial Advisors initiated a new $0.5 million stake in the same period. Institutional investors now own roughly 71.6% of JPMorgan’s outstanding shares.

In its latest quarter, JPMorgan reported earnings per share of $5.23, surpassing consensus estimates by $0.30, and generated revenue of $46.77 billion, a 7.1% year-over-year increase and above the $45.98 billion consensus forecast. Return on equity stood at 17.16% with a net margin of 20.35%. The board declared a quarterly dividend of $1.50 per share, corresponding to an annualized payout of $6.00 and a 2.0% yield, with a payout ratio of 29.99%.