SageView Advisory Group LLC Sells 971 Shares of JPMorgan Chase & Co. $JPM

Key Points

• SageView Advisory Group LLC has reduced its stake in JPMorgan Chase & Co. by 2.2%, selling 971 shares to hold a total of 44,074 shares, valued at approximately $10.81 million.
• Several other institutional investors, including Advisory Alpha LLC and Woodline Partners LP, have either increased their stakes or acquired new positions in JPMorgan Chase during the first quarter.
• JPMorgan Chase has a consensus rating of "Moderate Buy" among analysts, with a price target range indicating potential growth, despite some ratings suggesting caution.

SageView Advisory Group LLC lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,074 shares of the financial services provider's stock after selling 971 shares during the period. JPMorgan Chase & Co. accounts for 0.5% of SageView Advisory Group LLC's holdings, making the stock its 28th largest holding. SageView Advisory Group LLC's holdings in JPMorgan Chase & Co. were worth $10,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Advisory Alpha LLC boosted its position in JPMorgan Chase & Co. by 7.8% in the first quarter. Advisory Alpha LLC now owns 12,808 shares of the financial services provider's stock valued at $3,142,000 after buying an additional 922 shares in the last quarter. Trinity Financial Advisors LLC boosted its position in JPMorgan Chase & Co. by 5.5% in the first quarter. Trinity Financial Advisors LLC now owns 20,292 shares of the financial services provider's stock valued at $4,641,000 after buying an additional 1,051 shares in the last quarter. SCS Capital Management LLC acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at approximately $14,580,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in JPMorgan Chase & Co. by 5.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,441,044 shares of the financial services provider's stock valued at $4,523,588,000 after buying an additional 890,553 shares in the last quarter. Finally, Woodline Partners LP boosted its position in JPMorgan Chase & Co. by 39.7% in the first quarter. Woodline Partners LP now owns 236,229 shares of the financial services provider's stock valued at $57,947,000 after buying an additional 67,156 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on JPM shares. HSBC reiterated a "reduce" rating and set a $259.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Finally, Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $291.67.

JPMorgan Chase & Co. Trading Up 1.6%

Shares of JPM stock opened at $297.70 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $818.60 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.95 and a beta of 1.13. JPMorgan Chase & Co. has a 52-week low of $200.61 and a 52-week high of $305.15. The company has a 50-day simple moving average of $293.36 and a two-hundred day simple moving average of $266.44.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. The firm had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company's quarterly revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $6.12 earnings per share. Research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Insider Activity at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the sale, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.47% of the company's stock.

About JPMorgan Chase & Co.

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.

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.