Sage Capital Advisors llc decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,613 shares of the financial services provider’s stock after selling 829 shares during the period. JPMorgan Chase & Co. comprises 4.0% of Sage Capital Advisors llc’s investment portfolio, making the stock its 4th biggest position. Sage Capital Advisors llc’s holdings in JPMorgan Chase & Co. were worth $5,694,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. Private Vista LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at about $102,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $102,000. Welch Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $103,000. Legacy Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $106,000. Finally, Atlantic Trust LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at about $136,000. 74.59% of the stock is owned by institutional investors.
JPM has been the topic of several research analyst reports. Royal Bank of Canada reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Wells Fargo & Co set a $120.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Wednesday, December 20th. Buckingham Research upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Thursday, December 21st. Barclays lifted their target price on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Credit Suisse Group upgraded shares of JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price target on the stock in a research report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $110.82.
In other news, CEO Mary E. Erdoes sold 65,101 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total value of $7,307,587.25. Following the sale, the chief executive officer now directly owns 479,882 shares of the company’s stock, valued at approximately $53,866,754.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter Scher sold 26,532 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $113.42, for a total transaction of $3,009,259.44. The disclosure for this sale can be found here. Insiders sold a total of 152,047 shares of company stock worth $17,098,115 over the last quarter. 0.88% of the stock is currently owned by company insiders.
JPMorgan Chase & Co. (JPM) opened at $115.24 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. The firm has a market cap of $394,503.69, a PE ratio of 16.44, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $119.33.
JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate 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%. JPMorgan Chase & Co.’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.71 EPS. equities research analysts predict that JPMorgan Chase & Co. will post 8.9 earnings per share for the current fiscal year.
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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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