JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Seascape Capital Management

Seascape Capital Management reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,375 shares of the financial services provider’s stock after selling 367 shares during the period. JPMorgan Chase & Co. comprises approximately 1.8% of Seascape Capital Management’s holdings, making the stock its 16th biggest position. Seascape Capital Management’s holdings in JPMorgan Chase & Co. were worth $4,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Windward Capital Management Co. CA acquired a new position in shares of JPMorgan Chase & Co. during the third quarter valued at $211,000. Able Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 29.3% during the 3rd quarter. Able Wealth Management LLC now owns 1,327 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 301 shares during the period. Holistic Planning LLC grew its position in JPMorgan Chase & Co. by 11.6% in the 3rd quarter. Holistic Planning LLC now owns 4,523 shares of the financial services provider’s stock worth $954,000 after purchasing an additional 471 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $20,189,000. Finally, Equitable Trust Co. increased its stake in shares of JPMorgan Chase & Co. by 2.8% in the third quarter. Equitable Trust Co. now owns 58,568 shares of the financial services provider’s stock valued at $12,350,000 after purchasing an additional 1,598 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.1 %

JPM stock opened at $239.58 on Wednesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $674.50 billion, a P/E ratio of 13.33, a P/E/G ratio of 3.46 and a beta of 1.10. JPMorgan Chase & Co. has a 52-week low of $145.16 and a 52-week high of $248.00. The company’s 50 day simple moving average is $217.53 and its 200-day simple moving average is $208.78.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.35. The company had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $4.33 EPS. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.09%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.82%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $235.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Oppenheimer increased their target price on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Evercore ISI boosted their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Robert W. Baird cut shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus target price of $224.31.

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.