JPMorgan Chase & Co. (NYSE:JPM) is Sage Investment Advisers LLC’s 6th Largest Position

Sage Investment Advisers LLC reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 10.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,619 shares of the financial services provider’s stock after selling 1,773 shares during the period. JPMorgan Chase & Co. comprises approximately 3.6% of Sage Investment Advisers LLC’s holdings, making the stock its 6th largest position. Sage Investment Advisers LLC’s holdings in JPMorgan Chase & Co. were worth $3,128,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Trust Co of the South boosted its holdings in JPMorgan Chase & Co. by 1.1% in the 1st quarter. Trust Co of the South now owns 4,946 shares of the financial services provider’s stock worth $991,000 after buying an additional 53 shares during the period. PFW Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 1.1% in the 1st quarter. PFW Advisors LLC now owns 5,232 shares of the financial services provider’s stock worth $1,048,000 after buying an additional 55 shares during the period. Murphy Middleton Hinkle & Parker Inc. boosted its holdings in JPMorgan Chase & Co. by 2.0% in the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,837 shares of the financial services provider’s stock worth $568,000 after buying an additional 55 shares during the period. Oarsman Capital Inc. boosted its holdings in JPMorgan Chase & Co. by 0.5% in the 4th quarter. Oarsman Capital Inc. now owns 11,008 shares of the financial services provider’s stock worth $1,872,000 after buying an additional 59 shares during the period. Finally, Curbstone Financial Management Corp boosted its holdings in JPMorgan Chase & Co. by 0.3% in the 4th quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider’s stock worth $4,070,000 after buying an additional 60 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $202.34 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $205.88. The firm has a market capitalization of $581.05 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 2.65 and a beta of 1.12. The company’s 50-day moving average is $196.91 and its 200 day moving average is $185.92.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The company had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. Research analysts forecast that JPMorgan Chase & Co. will post 16.44 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the transaction, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the transaction, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 5,086 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the transaction, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 250,565 shares of company stock valued at $46,962,717. 0.79% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on JPM. Royal Bank of Canada reissued an “outperform” rating and set a $211.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Jefferies Financial Group increased their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. Morgan Stanley dropped their price objective on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, May 21st. Evercore ISI increased their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Finally, Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $194.10.

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.