JPMorgan Chase & Co. (NYSE:JPM) Stock Position Reduced by Sage Private Wealth Group LLC

Sage Private Wealth Group LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 11.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,792 shares of the financial services provider’s stock after selling 638 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.9% of Sage Private Wealth Group LLC’s holdings, making the stock its 12th largest position. Sage Private Wealth Group LLC’s holdings in JPMorgan Chase & Co. were worth $1,149,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in JPM. Wealth Advisors Northwest LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $485,000. Signet Investment Advisory Group Inc. lifted its holdings in JPMorgan Chase & Co. by 0.3% in the fourth quarter. Signet Investment Advisory Group Inc. now owns 25,481 shares of the financial services provider’s stock worth $6,108,000 after acquiring an additional 86 shares during the last quarter. Sonata Capital Group Inc. boosted its stake in JPMorgan Chase & Co. by 0.5% in the fourth quarter. Sonata Capital Group Inc. now owns 11,096 shares of the financial services provider’s stock valued at $2,660,000 after acquiring an additional 50 shares during the period. David Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $311,000. Finally, Montz Harcus Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 3.6% during the 4th quarter. Montz Harcus Wealth Management LLC now owns 8,757 shares of the financial services provider’s stock worth $2,099,000 after purchasing an additional 305 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $266.80 on Friday. The stock has a market cap of $746.01 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 2.96 and a beta of 1.12. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 12 month low of $178.52 and a 12 month high of $280.25. The stock’s 50 day moving average price is $255.63 and its 200 day moving average price is $234.48.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same period last year, the firm earned $3.04 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the transaction, the chief operating officer now owns 54,469 shares in the company, valued at approximately $14,698,459.65. The trade was a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the sale, the general counsel now owns 47,620 shares of the company’s stock, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,326 shares of company stock worth $12,448,445. 0.79% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research report on Friday, January 3rd. Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. UBS Group upped their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Citigroup increased their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Finally, Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price for the company. in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $251.78.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.