Seaward Management Limited Partnership Has $53.51 Million Holdings in JPMorgan Chase & Co. (JPM)

Seaward Management Limited Partnership lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 560,218 shares of the financial services provider’s stock after selling 5,675 shares during the period. JPMorgan Chase & Co. makes up about 2.6% of Seaward Management Limited Partnership’s investment portfolio, making the stock its 5th largest holding. Seaward Management Limited Partnership’s holdings in JPMorgan Chase & Co. were worth $53,506,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Private Vista LLC acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at $102,000. Kohmann Bosshard Financial Services LLC acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at $102,000. Welch Investments LLC acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at $103,000. Legacy Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at $106,000. Finally, Atlantic Trust LLC acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at $136,000. 73.82% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on JPM. Vetr raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $102.07 target price on the stock in a research note on Tuesday. Morgan Stanley boosted their target price on shares of JPMorgan Chase & Co. from $128.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. ValuEngine raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research note on Thursday, January 18th. Finally, DZ Bank upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $107.25.

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $112.87 on Thursday. The stock has a market cap of $388,990.97, a price-to-earnings ratio of 17.92, a P/E/G ratio of 1.90 and a beta of 1.23. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $117.35. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.07. The firm had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. JPMorgan Chase & Co.’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.71 earnings per share. analysts anticipate that JPMorgan Chase & Co. will post 8.85 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is 35.56%.

In other JPMorgan Chase & Co. news, insider Peter Scher sold 26,532 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $113.42, for a total transaction of $3,009,259.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ashley Bacon sold 16,434 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the transaction, the insider now directly owns 98,811 shares of the company’s stock, valued at approximately $11,088,570.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,047 shares of company stock valued at $17,098,115. Company insiders own 0.88% of the company’s stock.

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About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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