Seascape Capital Management Reduces Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Seascape Capital Management decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,185 shares of the financial services provider’s stock after selling 190 shares during the period. JPMorgan Chase & Co. accounts for 1.9% of Seascape Capital Management’s investment portfolio, making the stock its 13th biggest position. Seascape Capital Management’s holdings in JPMorgan Chase & Co. were worth $5,558,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in JPM. Mizuho Securities Co. Ltd. purchased a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $27,000. New England Capital Financial Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 38.5% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock valued at $38,000 after buying an additional 50 shares during the period. Peterson Financial Group Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $45,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth $45,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the transaction, the chief executive officer now owns 158,381 shares in the company, valued at approximately $42,737,529.04. This represents a 19.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the sale, the insider now owns 50,377 shares in the company, valued at approximately $13,606,323.93. This trade represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,326 shares of company stock worth $12,448,445 over the last quarter. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Trading Down 1.2 %

JPM opened at $261.02 on Tuesday. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. The firm has a market cap of $729.83 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 2.83 and a beta of 1.12. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The firm’s fifty day moving average is $256.54 and its two-hundred day moving average is $235.85.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. During the same period in the previous year, the company posted $3.04 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is currently 25.33%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Oppenheimer lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research report on Friday, January 3rd. Citigroup raised their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research note on Thursday, January 16th. Finally, Wells Fargo & Company raised their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $251.78.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.