Sivia Capital Partners LLC Takes Position in JPMorgan Chase & Co. (NYSE:JPM)

Sivia Capital Partners LLC bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, Holdings Channel.com reports. The firm bought 8,437 shares of the financial services provider’s stock, valued at approximately $1,435,000. JPMorgan Chase & Co. comprises 0.8% of Sivia Capital Partners LLC’s investment portfolio, making the stock its 20th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Spartan Planning & Wealth Management grew its holdings in JPMorgan Chase & Co. by 257.3% in the fourth quarter. Spartan Planning & Wealth Management now owns 3,780 shares of the financial services provider’s stock worth $643,000 after purchasing an additional 2,722 shares during the period. Cove Private Wealth LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at $3,130,000. ICA Group Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 4.4% in the fourth quarter. ICA Group Wealth Management LLC now owns 6,150 shares of the financial services provider’s stock worth $1,046,000 after acquiring an additional 260 shares in the last quarter. SageView Advisory Group LLC grew its stake in shares of JPMorgan Chase & Co. by 30.6% in the fourth quarter. SageView Advisory Group LLC now owns 42,994 shares of the financial services provider’s stock worth $7,579,000 after acquiring an additional 10,084 shares during the last quarter. Finally, Willner & Heller LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $895,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM traded up $1.39 during trading on Monday, hitting $195.17. The company had a trading volume of 3,005,805 shares, compared to its average volume of 9,104,305. The stock has a 50 day simple moving average of $194.90 and a 200 day simple moving average of $183.47. The firm has a market capitalization of $560.46 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 2.61 and a beta of 1.12. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $205.88.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. The company had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. As a group, analysts anticipate that JPMorgan Chase & Co. will post 16.41 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.36%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Wall Street Analyst Weigh In

JPM has been the topic of several recent analyst reports. Evercore ISI increased their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Oppenheimer decreased their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. UBS Group lifted their target price on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $211.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $194.10.

Insiders Place Their Bets

In related news, insider Ashley Bacon sold 5,086 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total transaction of $984,853.04. Following the completion of the sale, the insider now owns 217,351 shares in the company, valued at $42,087,847.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total value of $984,853.04. Following the transaction, the insider now owns 217,351 shares of the company’s stock, valued at $42,087,847.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lori A. Beer sold 5,298 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the transaction, the insider now owns 46,375 shares of the company’s stock, valued at approximately $9,304,680. The disclosure for this sale can be found here. In the last quarter, insiders sold 254,485 shares of company stock worth $47,728,528. Corporate insiders own 0.79% of the company’s stock.

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.