719 Shares in JPMorgan Chase & Co. $JPM Bought by Sage Advisors LLC

Sage Advisors LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 719 shares of the financial services provider’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Revolve Wealth Partners LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.0% in the 2nd quarter. Revolve Wealth Partners LLC now owns 14,042 shares of the financial services provider’s stock valued at $4,071,000 after purchasing an additional 145 shares in the last quarter. Elefante Mark B bought a new position in JPMorgan Chase & Co. in the 2nd quarter valued at approximately $231,000. Cornerstone Wealth Group LLC boosted its position in JPMorgan Chase & Co. by 2.0% in the second quarter. Cornerstone Wealth Group LLC now owns 61,564 shares of the financial services provider’s stock valued at $17,848,000 after buying an additional 1,205 shares in the last quarter. Kellett Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 34.4% during the second quarter. Kellett Wealth Advisors LLC now owns 2,198 shares of the financial services provider’s stock worth $637,000 after buying an additional 562 shares during the last quarter. Finally, NorthRock Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 11.8% during the second quarter. NorthRock Partners LLC now owns 68,583 shares of the financial services provider’s stock worth $19,883,000 after buying an additional 7,245 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $300.27 on Friday. The firm has a 50 day moving average of $303.43 and a 200-day moving average of $281.11. The company has a market cap of $825.66 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 1.77 and a beta of 1.13. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.83 by $0.24. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The company had revenue of $46.43 billion for the quarter, compared to the consensus estimate of $44.42 billion. During the same quarter in the previous year, the company earned $4.37 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be paid a dividend of $1.50 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Monday, October 6th. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 29.72%.

Analyst Ratings Changes

Several equities research analysts recently commented on JPM shares. Truist Financial lifted their target price on shares of JPMorgan Chase & Co. from $290.00 to $319.00 and gave the stock a “hold” rating in a research report on Tuesday, September 23rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $343.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 14th. Barclays raised their price objective on JPMorgan Chase & Co. from $330.00 to $342.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. HSBC reiterated a “reduce” rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Finally, Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $322.27.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.