JPMorgan Chase & Co. (NYSE:JPM) is Sutton Place Investors LLC’s 10th Largest Position

Sutton Place Investors LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 73.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 22,725 shares of the financial services provider’s stock after purchasing an additional 9,626 shares during the quarter. JPMorgan Chase & Co. comprises about 2.3% of Sutton Place Investors LLC’s holdings, making the stock its 10th biggest holding. Sutton Place Investors LLC’s holdings in JPMorgan Chase & Co. were worth $4,552,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of JPM. Etfidea LLC boosted its position in shares of JPMorgan Chase & Co. by 5.4% during the fourth quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock valued at $329,000 after buying an additional 100 shares during the last quarter. TKG Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 97.6% during the 3rd quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider’s stock valued at $1,915,000 after acquiring an additional 6,521 shares during the last quarter. Alley Investment Management Company LLC grew its stake in shares of JPMorgan Chase & Co. by 0.4% in the third quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider’s stock worth $18,405,000 after acquiring an additional 530 shares during the period. Allen Investment Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 15.8% during the third quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider’s stock valued at $25,341,000 after purchasing an additional 23,894 shares during the last quarter. Finally, Meitav Investment House Ltd. raised its holdings in shares of JPMorgan Chase & Co. by 37.7% during the third quarter. Meitav Investment House Ltd. now owns 371,964 shares of the financial services provider’s stock valued at $55,242,000 after purchasing an additional 101,819 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Vice Chairman Peter Scher sold 1,810 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $323,917.60. Following the transaction, the insider now owns 44,956 shares in the company, valued at $8,045,325.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The disclosure for this sale can be found here. Insiders have sold a total of 1,020,696 shares of company stock worth $186,794,151 over the last quarter. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.8 %

Shares of NYSE JPM traded down $1.47 during midday trading on Tuesday, hitting $191.81. The company’s stock had a trading volume of 8,151,636 shares, compared to its average volume of 9,366,520. JPMorgan Chase & Co. has a 12-month low of $131.81 and a 12-month high of $200.94. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The firm has a market cap of $550.90 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 2.43 and a beta of 1.15. The business’s 50 day moving average is $190.88 and its two-hundred day moving average is $171.56.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be paid a $1.15 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.40%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. UBS Group dropped their target price on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Finally, Morgan Stanley dropped their price objective on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.