Sage Capital Advisors llc decreased its position in JPMorgan Chase (NYSE:JPM) by 1.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,613 shares of the financial services provider’s stock after selling 829 shares during the period. JPMorgan Chase accounts for about 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 were worth $5,694,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Private Vista LLC purchased a new stake in shares of JPMorgan Chase during the 2nd quarter valued at $102,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of JPMorgan Chase in the 3rd quarter valued at $102,000. Welch Investments LLC acquired a new position in shares of JPMorgan Chase in the 3rd quarter valued at $103,000. Legacy Advisors LLC acquired a new position in shares of JPMorgan Chase in the 3rd quarter valued at $106,000. Finally, Atlantic Trust LLC acquired a new position in shares of JPMorgan Chase in the 2nd quarter valued at $136,000. Hedge funds and other institutional investors own 74.50% of the company’s stock.
JPM has been the topic of several research reports. Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase in a research report on Friday, December 8th. Wells Fargo set a $120.00 price target on JPMorgan Chase and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Buckingham Research raised JPMorgan Chase from a “neutral” rating to a “buy” rating in a research report on Thursday, December 21st. Barclays increased their price target on JPMorgan Chase from $105.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Credit Suisse Group raised shares of JPMorgan Chase to a “buy” rating and set a $120.00 target price on the stock in a research note on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $112.58.
In other JPMorgan Chase news, insider Peter Scher sold 26,532 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $113.42, for a total value of $3,009,259.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Stacey Friedman sold 17,729 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $112.33, for a total transaction of $1,991,498.57. Following the completion of the transaction, the general counsel now owns 21,260 shares of the company’s stock, valued at approximately $2,388,135.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,047 shares of company stock valued at $17,098,115. Insiders own 0.88% of the company’s stock.
Shares of NYSE JPM traded down $2.79 during midday trading on Friday, reaching $109.09. 18,906,018 shares of the stock were exchanged, compared to its average volume of 15,024,250. JPMorgan Chase has a twelve month low of $81.64 and a twelve month high of $119.33. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $383,967.56, a P/E ratio of 15.88, a P/E/G ratio of 1.89 and a beta of 1.24.
JPMorgan Chase (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 Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase had a net margin of 21.46% and a return on equity of 11.63%. The firm had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. During the same quarter last year, the firm earned $1.71 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. research analysts expect that JPMorgan Chase will post 8.89 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 6th will be paid a $0.56 dividend. The ex-dividend date is Thursday, April 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.05%. JPMorgan Chase’s dividend payout ratio (DPR) is 32.61%.
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JPMorgan Chase Company Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.
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