Seelaus Asset Management LLC Purchases 1,070 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Seelaus Asset Management LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 52.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,099 shares of the financial services provider’s stock after purchasing an additional 1,070 shares during the period. Seelaus Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $527,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in JPM. Moneta Group Investment Advisors LLC grew its holdings in JPMorgan Chase & Co. by 105,652.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after purchasing an additional 97,907,897 shares during the last quarter. Norges Bank bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $3,894,646,000. Morgan Stanley boosted its position in JPMorgan Chase & Co. by 15.9% in the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after buying an additional 8,088,433 shares during the period. International Assets Investment Management LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $1,017,893,000. Finally, Wellington Management Group LLP boosted its position in JPMorgan Chase & Co. by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after buying an additional 4,603,090 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on JPM. Morgan Stanley lowered their price objective on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research report on Monday. Evercore ISI boosted 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. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Finally, Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $140.00 to $190.00 in a research report on Tuesday, January 9th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares in the company, valued at approximately $48,708,426.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Trading Down 0.5 %

NYSE:JPM opened at $179.96 on Thursday. JPMorgan Chase & Co. has a 52 week low of $131.81 and a 52 week high of $200.94. The firm has a 50 day moving average of $188.48 and a 200 day moving average of $168.50. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $516.86 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 2.30 and a beta of 1.15.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be paid a dividend of $1.15 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.56%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

JPMorgan Chase & Co. Company 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.