JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Trimmed by Sage Financial Management Group Inc.

Sage Financial Management Group Inc. reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,707 shares of the financial services provider’s stock after selling 80 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.0% of Sage Financial Management Group Inc.’s holdings, making the stock its 8th largest position. Sage Financial Management Group Inc.’s holdings in JPMorgan Chase & Co. were worth $345,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Gemmer Asset Management LLC raised its holdings in JPMorgan Chase & Co. by 1.6% in the second quarter. Gemmer Asset Management LLC now owns 3,135 shares of the financial services provider’s stock worth $634,000 after purchasing an additional 48 shares during the period. Northside Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 0.7% during the second quarter. Northside Capital Management LLC now owns 6,750 shares of the financial services provider’s stock worth $1,365,000 after purchasing an additional 50 shares during the period. Highland Financial Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 0.7% in the 2nd quarter. Highland Financial Advisors LLC now owns 7,056 shares of the financial services provider’s stock valued at $1,427,000 after purchasing an additional 50 shares during the period. Trust Co of the South increased its stake in JPMorgan Chase & Co. by 1.1% during the 1st quarter. Trust Co of the South now owns 4,946 shares of the financial services provider’s stock worth $991,000 after purchasing an additional 53 shares in the last quarter. Finally, Forza Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 0.3% in the second quarter. Forza Wealth Management LLC now owns 17,257 shares of the financial services provider’s stock valued at $3,490,000 after buying an additional 53 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 1.1 %

NYSE JPM traded up $2.42 during trading on Friday, hitting $213.97. 7,931,234 shares of the company’s stock traded hands, compared to its average volume of 9,221,095. The firm has a market cap of $614.45 billion, a P/E ratio of 11.93, a PEG ratio of 2.42 and a beta of 1.12. The stock has a fifty day moving average of $204.67 and a two-hundred day moving average of $195.43. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $217.56.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating the consensus estimate of $4.19 by $1.93. The firm had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same period in the prior year, the firm posted $4.37 earnings per share. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 16.78 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were issued a dividend of $1.15 per share. The ex-dividend date was Friday, July 5th. This represents a $4.60 annualized dividend and a dividend yield of 2.15%. JPMorgan Chase & Co.’s payout ratio is 25.66%.

Insiders Place Their Bets

In related news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the transaction, the insider now directly owns 212,265 shares in the company, valued at approximately $42,355,358.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the transaction, the insider now directly owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lori A. Beer sold 5,298 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.64, for a total value of $1,062,990.72. Following the completion of the transaction, the insider now owns 46,375 shares in the company, valued at $9,304,680. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,799 shares of company stock valued at $2,963,721. 0.79% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on JPM shares. Piper Sandler boosted their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Oppenheimer increased their target price on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Royal Bank of Canada reissued an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Finally, Barclays increased their price objective on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $205.71.

About JPMorgan Chase & Co.

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.