JPMorgan Chase & Co. (NYSE:JPM) Stake Trimmed by Seelaus Asset Management LLC

Seelaus Asset Management LLC lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 59.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,063 shares of the financial services provider’s stock after selling 3,055 shares during the quarter. Seelaus Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of JPM. Vanguard Group Inc. grew its stake in JPMorgan Chase & Co. by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 266,854,574 shares of the financial services provider’s stock valued at $36,377,615,000 after acquiring an additional 6,792,220 shares in the last quarter. Greenhaven Associates Inc. grew its stake in JPMorgan Chase & Co. by 600.7% during the 2nd quarter. Greenhaven Associates Inc. now owns 4,533,856 shares of the financial services provider’s stock valued at $510,558,000 after acquiring an additional 3,886,845 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in JPMorgan Chase & Co. by 7,427.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock valued at $363,169,000 after acquiring an additional 2,628,701 shares in the last quarter. Capital Research Global Investors grew its stake in JPMorgan Chase & Co. by 4.5% during the 1st quarter. Capital Research Global Investors now owns 36,611,171 shares of the financial services provider’s stock valued at $4,990,845,000 after acquiring an additional 1,590,742 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its stake in JPMorgan Chase & Co. by 20,065.0% during the 2nd quarter. Loomis Sayles & Co. L P now owns 1,403,685 shares of the financial services provider’s stock valued at $158,069,000 after acquiring an additional 1,396,724 shares in the last quarter. Hedge funds and other institutional investors own 68.57% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Mary E. Erdoes sold 33,515 shares of the business’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $115.77, for a total transaction of $3,880,031.55. Following the sale, the chief executive officer now directly owns 533,795 shares in the company, valued at $61,797,447.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Mary E. Erdoes sold 33,515 shares of the business’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $115.77, for a total transaction of $3,880,031.55. Following the sale, the chief executive officer now directly owns 533,795 shares in the company, valued at $61,797,447.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robin Leopold sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $125.07, for a total value of $250,140.00. Following the sale, the insider now owns 19,031 shares in the company, valued at $2,380,207.17. The disclosure for this sale can be found here. Insiders sold a total of 41,964 shares of company stock worth $4,936,426 over the last three months. 0.79% of the stock is currently owned by insiders.

Analyst Ratings Changes

JPM has been the topic of several research analyst reports. Oppenheimer lowered their target price on JPMorgan Chase & Co. to $154.00 in a research note on Thursday, October 20th. Morgan Stanley lowered their price target on JPMorgan Chase & Co. from $127.00 to $126.00 and set an “underweight” rating for the company in a research note on Wednesday, October 5th. Jefferies Financial Group set a $117.00 price target on JPMorgan Chase & Co. in a research note on Monday, September 12th. The Goldman Sachs Group lowered their price target on JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, October 4th. Finally, BMO Capital Markets boosted their price target on JPMorgan Chase & Co. from $149.00 to $158.00 and gave the company a “market perform” rating in a research note on Monday, October 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $144.90.

JPMorgan Chase & Co. Stock Up 0.5 %

Shares of JPM stock opened at $131.37 on Tuesday. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $170.92. The firm has a market cap of $385.25 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 2.25 and a beta of 1.14. The stock has a 50 day moving average of $115.59 and a 200-day moving average of $117.70. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings results on Friday, October 14th. The financial services provider reported $3.12 EPS for the quarter, topping analysts’ consensus estimates of $2.95 by $0.17. JPMorgan Chase & Co. had a return on equity of 14.52% and a net margin of 26.85%. The company had revenue of $32.72 billion during the quarter, compared to analyst estimates of $31.88 billion. During the same period in the previous year, the company earned $3.74 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, equities analysts predict that JPMorgan Chase & Co. will post 11.61 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Thursday, October 6th were issued a dividend of $1.00 per share. The ex-dividend date was Wednesday, October 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.04%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.78%.

JPMorgan Chase & Co. Company Profile

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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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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