Sage Capital Advisors llc Has $5.99 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Sage Capital Advisors llc increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 43.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,338 shares of the financial services provider’s stock after acquiring an additional 18,717 shares during the quarter. JPMorgan Chase & Co. comprises approximately 3.4% of Sage Capital Advisors llc’s portfolio, making the stock its 5th biggest position. Sage Capital Advisors llc’s holdings in JPMorgan Chase & Co. were worth $5,988,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Valeo Financial Advisors LLC grew its stake in JPMorgan Chase & Co. by 1.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 91,713 shares of the financial services provider’s stock worth $9,986,000 after buying an additional 1,405 shares in the last quarter. Signition LP bought a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at $418,000. Parallel Advisors LLC raised its holdings in JPMorgan Chase & Co. by 17.1% in the 3rd quarter. Parallel Advisors LLC now owns 40,248 shares of the financial services provider’s stock worth $4,542,000 after purchasing an additional 5,885 shares in the last quarter. Mcmillion Capital Management Inc. raised its holdings in JPMorgan Chase & Co. by 1.1% in the 3rd quarter. Mcmillion Capital Management Inc. now owns 43,338 shares of the financial services provider’s stock worth $4,890,000 after purchasing an additional 473 shares in the last quarter. Finally, Willingdon Wealth Management raised its holdings in JPMorgan Chase & Co. by 92.2% in the 3rd quarter. Willingdon Wealth Management now owns 59,872 shares of the financial services provider’s stock worth $6,756,000 after purchasing an additional 28,724 shares in the last quarter. 71.39% of the stock is owned by institutional investors.

In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 18,303 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $109.74, for a total transaction of $2,008,571.22. Following the sale, the chief executive officer now owns 259,386 shares in the company, valued at approximately $28,465,019.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mellody L. Hobson bought 1,700 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were purchased at an average price of $114.26 per share, for a total transaction of $194,242.00. Following the purchase, the director now owns 7,485 shares in the company, valued at approximately $855,236.10. The disclosure for this purchase can be found here. Insiders sold a total of 157,573 shares of company stock worth $17,293,454 in the last quarter. Company insiders own 0.76% of the company’s stock.

JPM has been the subject of several research reports. HSBC set a $102.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a report on Thursday, April 4th. Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Credit Suisse Group upped their price objective on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. BMO Capital Markets upped their price objective on shares of JPMorgan Chase & Co. from $116.00 to $118.00 and gave the stock a “market perform” rating in a report on Monday, April 15th. Finally, Deutsche Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday. Twelve analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $123.85.

JPM stock traded up $1.88 during trading on Monday, hitting $113.68. 12,714,158 shares of the stock traded hands, compared to its average volume of 12,802,955. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $119.24. The stock has a 50 day simple moving average of $109.77. The stock has a market capitalization of $369.55 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.33. JPMorgan Chase & Co. had a net margin of 24.28% and a return on equity of 14.23%. The firm had revenue of $29.12 billion for the quarter, compared to the consensus estimate of $27.95 billion. During the same quarter last year, the firm posted $2.37 EPS. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 10.03 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Wednesday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.

JPMorgan Chase & Co. Company 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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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