Sutton Place Investors LLC Raises Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Sutton Place Investors LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 179.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,099 shares of the financial services provider's stock after purchasing an additional 8,412 shares during the period. JPMorgan Chase & Co. makes up about 1.6% of Sutton Place Investors LLC's holdings, making the stock its 13th biggest position. Sutton Place Investors LLC's holdings in JPMorgan Chase & Co. were worth $2,228,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Valeo Financial Advisors LLC grew its stake in JPMorgan Chase & Co. by 6.4% during the fourth quarter. Valeo Financial Advisors LLC now owns 184,588 shares of the financial services provider's stock worth $31,398,000 after purchasing an additional 11,031 shares during the period. Sapient Capital LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $46,730,000. Morton Brown Family Wealth LLC grew its stake in JPMorgan Chase & Co. by 2,308.3% during the fourth quarter. Morton Brown Family Wealth LLC now owns 289 shares of the financial services provider's stock worth $49,000 after purchasing an additional 277 shares during the period. Signature Estate & Investment Advisors LLC grew its stake in JPMorgan Chase & Co. by 9.6% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 5,493 shares of the financial services provider's stock worth $934,000 after purchasing an additional 483 shares during the period. Finally, Janiczek Wealth Management LLC grew its stake in JPMorgan Chase & Co. by 21.2% during the fourth quarter. Janiczek Wealth Management LLC now owns 2,467 shares of the financial services provider's stock worth $420,000 after purchasing an additional 431 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

JPM has been the topic of several recent research reports. Oppenheimer cut their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an "outperform" rating on the stock in a report on Monday. Barclays increased their price target on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an "overweight" rating in a report on Tuesday, January 2nd. Bank of America increased their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a "buy" rating in a report on Thursday, January 4th. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, March 20th. Finally, 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 report on Thursday, April 4th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.05.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the firm's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the sale, the chief executive officer now directly owns 264,461 shares of the company's stock, valued at $48,708,426.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the firm's stock in a transaction on Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the sale, the insider now directly owns 64,783 shares of the company's stock, valued at $12,656,006.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction on Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the transaction, the chief executive officer now owns 264,461 shares of the company's stock, valued at $48,708,426.98. The disclosure for this sale can be found here. Insiders sold 1,020,696 shares of company stock valued at $186,794,151 over the last ninety days. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Stock Performance

Shares of JPM traded up $1.06 on Thursday, reaching $181.14. 9,554,925 shares of the company's stock traded hands, compared to its average volume of 9,421,316. 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 market cap of $520.25 billion, a PE ratio of 10.94, a PEG ratio of 2.27 and a beta of 1.15. The stock's 50 day simple moving average is $188.61 and its two-hundred day simple moving average is $168.59. JPMorgan Chase & Co. has a 52-week low of $131.81 and a 52-week high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a $1.15 dividend. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.78%.

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.