Sage Mountain Advisors LLC Has $7.18 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Sage Mountain Advisors LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,188 shares of the financial services provider’s stock after selling 211 shares during the quarter. JPMorgan Chase & Co. accounts for 0.8% of Sage Mountain Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Sage Mountain Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $7,176,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of JPM. Stone House Investment Management LLC raised its position in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after buying an additional 89 shares during the last quarter. Macroview Investment Management LLC raised its position in JPMorgan Chase & Co. by 7,833.3% in the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after buying an additional 235 shares during the last quarter. Briaud Financial Planning Inc purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at $40,000. Rakuten Securities Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $44,000. Finally, Morton Brown Family Wealth LLC increased its position in shares of JPMorgan Chase & Co. by 2,308.3% during the 4th quarter. Morton Brown Family Wealth LLC now owns 289 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 277 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on JPM. Evercore ISI raised their target price on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Barclays increased their price target on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price target for the stock from $140.00 to $190.00 in a research note on Tuesday, January 9th. Finally, Oppenheimer cut their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $193.49 on Monday. The company has a market cap of $555.72 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 2.43 and a beta of 1.15. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The stock has a 50-day moving average price of $190.36 and a 200-day moving average price of $170.91. JPMorgan Chase & Co. has a 12-month low of $131.81 and a 12-month high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

Insider Activity

In other news, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $179.00, for a total transaction of $602,872.00. Following the completion of the sale, the insider now owns 202,093 shares in the company, valued at approximately $36,174,647. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, General Counsel Stacey Friedman sold 6,030 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the transaction, the general counsel now directly owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ashley Bacon sold 3,368 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $179.00, for a total value of $602,872.00. Following the transaction, the insider now directly owns 202,093 shares in the company, valued at $36,174,647. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. 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, 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.