SageView Advisory Group LLC Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

SageView Advisory Group LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 37.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,045 shares of the financial services provider's stock after acquiring an additional 12,366 shares during the quarter. JPMorgan Chase & Co. comprises about 0.5% of SageView Advisory Group LLC's investment portfolio, making the stock its 28th biggest position. SageView Advisory Group LLC's holdings in JPMorgan Chase & Co. were worth $10,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. raised its position in JPMorgan Chase & Co. by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider's stock worth $1,228,110,000 after purchasing an additional 182,648 shares during the period. Invst LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.4% in the 3rd quarter. Invst LLC now owns 15,033 shares of the financial services provider's stock worth $3,170,000 after buying an additional 204 shares during the period. Passumpsic Savings Bank grew its holdings in JPMorgan Chase & Co. by 15.1% during the 3rd quarter. Passumpsic Savings Bank now owns 10,753 shares of the financial services provider's stock worth $2,267,000 after acquiring an additional 1,407 shares in the last quarter. SOA Wealth Advisors LLC. increased its holdings in JPMorgan Chase & Co. by 1.5% during the third quarter. SOA Wealth Advisors LLC. now owns 21,082 shares of the financial services provider's stock valued at $4,445,000 after buying an additional 311 shares during the period. Finally, Morse Asset Management Inc raised its position in shares of JPMorgan Chase & Co. by 234.4% in the 3rd quarter. Morse Asset Management Inc now owns 7,226 shares of the financial services provider's stock worth $1,524,000 after acquiring an additional 5,065 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

JPM has been the subject of several recent analyst reports. KGI Securities assumed coverage on shares of JPMorgan Chase & Co. in a research note on Sunday. They set a "hold" rating for the company. Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and upped their target price for the company from $215.00 to $220.00 in a research report on Friday, March 7th. Bank of America lowered their price target on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods raised their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a research note on Thursday, January 16th. Finally, Evercore ISI cut their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $254.11.

Insiders Place Their Bets

In related news, General Counsel Stacey Friedman sold 3,303 shares of the company's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares of the company's stock, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the sale, the chief executive officer now owns 158,381 shares of the company's stock, valued at approximately $42,737,529.04. The trade was a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,848 shares of company stock valued at $19,987,908 in the last three months. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Price Performance

JPM traded down $1.68 on Tuesday, reaching $233.04. 10,902,541 shares of the company's stock were exchanged, compared to its average volume of 9,642,534. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. The stock has a market cap of $648.54 billion, a PE ratio of 11.81, a P/E/G ratio of 2.83 and a beta of 1.01. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The stock's fifty day moving average price is $247.29 and its 200-day moving average price is $242.36.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.44 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be issued a $1.40 dividend. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a yield of 2.40%. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

JPMorgan Chase & Co. Company 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.