In the third quarter, Country Trust Bank reduced its holding in JPMorgan Chase & Co. by 4.5%, selling 9,340 shares to bring its total to 199,212 shares. The position now represents roughly 1.4% of the bank’s overall investment portfolio and ranks as its 19th largest holding. As of the latest 13F filing, the remaining stake was valued at $62.84 million, reflecting the bank’s ongoing repositioning within its financial services allocations.

Several major institutional investors also modified their exposures to JPMorgan during the last two quarters. Creative Planning increased its position by 2.2%, adding 29,844 shares to reach 1.36 million shares worth approximately $395.7 million. Aviva PLC added 126,742 shares, boosting its stake by 6.0% to a total of 2.23 million shares valued at $647.2 million. Triangle Securities Wealth Management grew its holding by 14.1%, purchasing 3,191 shares for a 25,822-share total, while Kelman Lazarov Inc. and Gladwyn Financial Advisors Inc. respectively added 182 shares and established a new $534,000 position. Collectively, institutional investors and hedge funds now control over 71.5% of the company’s outstanding shares.

On January 13, the firm reported quarterly revenue of $46.77 billion, up 7.1% year-over-year, and delivered earnings per share of $5.23, exceeding consensus estimates by $0.30. Return on equity stood at 17.16% with a net margin of 20.35%. Following this performance, the board declared a quarterly dividend of $1.50 per share, payable January 31 to shareholders of record as of January 6, representing a 2.0% annualized yield and a payout ratio just under 30%. Analysts now project full-year earnings of $18.10 per share for the current fiscal year.