1,577 Shares in JPMorgan Chase & Co. (NYSE:JPM) Purchased by Sage Capital Advisors llc

Posted by Defense World Staff on Mar 31st, 2023

Sage Capital Advisors llc bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,577 shares of the financial services provider’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. Premier Asset Management LLC increased its holdings in JPMorgan Chase & Co. by 1.7% during the 3rd quarter. Premier Asset Management LLC now owns 4,635 shares of the financial services provider’s stock worth $484,000 after acquiring an additional 77 shares during the period. Trellis Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 2.8% in the 3rd quarter. Trellis Advisors LLC now owns 2,897 shares of the financial services provider’s stock worth $302,000 after buying an additional 79 shares during the last quarter. Karpas Strategies LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.4% in the 3rd quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock worth $2,251,000 after buying an additional 80 shares during the last quarter. Wulff Hansen & CO. increased its holdings in shares of JPMorgan Chase & Co. by 0.5% in the 3rd quarter. Wulff Hansen & CO. now owns 14,665 shares of the financial services provider’s stock worth $1,532,000 after buying an additional 80 shares during the last quarter. Finally, LVZ Inc. increased its holdings in shares of JPMorgan Chase & Co. by 1.7% in the 4th quarter. LVZ Inc. now owns 4,746 shares of the financial services provider’s stock worth $636,000 after buying an additional 80 shares during the last quarter. 67.89% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Mellody L. Hobson bought 375 shares of the company’s stock in a transaction dated Thursday, January 19th. The stock was purchased at an average cost of $134.53 per share, with a total value of $50,448.75. Following the transaction, the director now owns 22,040 shares in the company, valued at approximately $2,965,041.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, Director Mellody L. Hobson purchased 375 shares of the stock in a transaction that occurred on Thursday, January 19th. The stock was bought at an average cost of $134.53 per share, with a total value of $50,448.75. Following the transaction, the director now directly owns 22,040 shares in the company, valued at approximately $2,965,041.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mary E. Erdoes sold 10,340 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the transaction, the chief executive officer now directly owns 544,136 shares of the company’s stock, valued at $76,336,839.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,887 shares of company stock valued at $5,315,762. Company insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised shares of JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $148.00 to $155.00 in a report on Monday, March 13th. UBS Group set a $156.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. Morgan Stanley upped their price objective on shares of JPMorgan Chase & Co. from $167.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, February 24th. Finally, Royal Bank of Canada cut their price objective on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a research note on Friday, March 24th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.28.

JPMorgan Chase & Co. Trading Down 0.3 %

Shares of JPM opened at $128.75 on Friday. The firm has a fifty day simple moving average of $137.04 and a two-hundred day simple moving average of $130.00. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $144.34. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $378.96 billion, a P/E ratio of 10.66, a PEG ratio of 1.99 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, topping the consensus estimate of $3.11 by $0.46. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The firm had revenue of $34.55 billion during the quarter, compared to analysts’ expectations of $34.23 billion. During the same period last year, the company posted $3.33 EPS. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. On average, research analysts anticipate that JPMorgan Chase & Co. will post 12.9 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th will be given a $1.00 dividend. The ex-dividend date is Wednesday, April 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.11%. JPMorgan Chase & Co.’s dividend payout ratio is 33.11%.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co is a financial holding company, which engages in providing 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.