According to its latest 13F filing with the Securities and Exchange Commission, Country Trust Bank trimmed its position in JPMorgan Chase by 4.5% during the third quarter. The bank sold 9,340 shares, leaving it with 199,212 shares that accounted for approximately 1.4% of its total investment portfolio. As of the filing date, those remaining shares were valued at $62.8 million, making JPMorgan Chase the institution’s 19th largest holding.

Several other asset managers also adjusted their exposure to JPMorgan Chase over the past two quarters. Creative Planning increased its holdings by 2.2%, adding 29,844 shares to reach 1,364,887 shares valued at roughly $395.7 million. Aviva PLC added 126,742 shares (a 6.0% rise) to hold 2.23 million shares worth $647.2 million. Triangle Securities Wealth Management expanded its position by 14.1%, purchasing 3,191 additional shares to total 25,822 shares valued at $8.1 million. Collectively, hedge funds and other institutions own 71.6% of the company’s stock.

In its January earnings release, JPMorgan Chase reported adjusted earnings per share of $5.23 on revenue of $46.77 billion, beating consensus estimates by $0.30 and reflecting 7.1% year-over-year revenue growth. Return on equity stood at 17.16%, with a net margin of 20.35%. The board approved a quarterly dividend of $1.50 per share, payable January 31 to record holders as of January 6, representing an annualized yield of 2.0% and a payout ratio just under 30%.

Company filings show that Chief Operating Officer Jennifer Piepszak sold 8,571 shares at an average price of $312.79 on January 16, reducing her holding by 10.8%. General Counsel Stacey Friedman divested 3,404 shares at $312.80 per share on the same day, a 4.95% decrease. In total, insiders sold 15,834 shares valued at $4.95 million over the past 90 days, leaving insiders with 0.47% ownership of outstanding shares.