Sagespring Wealth Partners LLC Raises Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Sagespring Wealth Partners LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,911 shares of the financial services provider's stock after acquiring an additional 4,968 shares during the period. Sagespring Wealth Partners LLC's holdings in JPMorgan Chase & Co. were worth $16,413,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of JPM. Redwood Park Advisors LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $29,000. Curat Global LLC purchased a new position in JPMorgan Chase & Co. in the 1st quarter worth approximately $33,000. Sellwood Investment Partners LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $34,000. Investment Counsel Co. of Nevada purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $37,000. Finally, Midwest Capital Advisors LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on JPM shares. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Truist Financial boosted their price target on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a "hold" rating in a research note on Monday, June 2nd. Piper Sandler restated a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Royal Bank Of Canada restated a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an "overweight" rating in a report on Tuesday, June 10th. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and an average price target of $271.70.

JPMorgan Chase & Co. Stock Up 1.6%

Shares of NYSE JPM opened at $273.83 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. JPMorgan Chase & Co. has a 12 month low of $190.90 and a 12 month high of $280.25. The firm has a market capitalization of $760.98 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 2.72 and a beta of 1.08. The firm has a fifty day simple moving average of $254.66 and a two-hundred day simple moving average of $251.00.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The business had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. During the same period in the prior year, the business earned $4.44 EPS. The company's revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be issued a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 2.05%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

Insiders Place Their Bets

In other news, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the sale, the insider now directly owns 49,127 shares of the company's stock, valued at $12,130,438.84. This represents a 2.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the completion of the sale, the chief executive officer now directly owns 133,381 shares in the company, valued at $32,947,774.62. This represents a 15.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,722 shares of company stock worth $25,599,477. 0.47% of the stock is currently owned by corporate insiders.

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.

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