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

Seelaus Asset Management LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 52.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of JPM. Moneta Group Investment Advisors LLC raised its holdings in JPMorgan Chase & Co. by 105,652.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after acquiring an additional 97,907,897 shares in the last quarter. Norges Bank bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $3,894,646,000. Morgan Stanley raised its holdings in JPMorgan Chase & Co. by 15.9% during the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after acquiring an additional 8,088,433 shares in the last quarter. International Assets Investment Management LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $1,017,893,000. Finally, Wellington Management Group LLP raised its holdings in JPMorgan Chase & Co. by 12.2% during the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after acquiring an additional 4,603,090 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $179.96 on Thursday. The company 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. has a 12 month low of $131.81 and a 12 month high of $200.94. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The stock’s 50 day moving average is $188.48 and its 200-day moving average is $168.50.

JPMorgan Chase & Co. Increases Dividend

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

Insider Buying and Selling

In related news, insider Ashley Bacon sold 3,368 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $179.00, for a total transaction of $602,872.00. Following the sale, the insider now owns 202,093 shares of the company’s stock, valued at $36,174,647. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Ashley Bacon sold 3,368 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $179.00, for a total transaction of $602,872.00. Following the sale, the insider now owns 202,093 shares of the company’s stock, valued at $36,174,647. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO James Dimon sold 178,222 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock valued at $186,794,151 over the last 90 days. 0.79% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on JPM shares. UBS Group dropped their target price on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a report on Tuesday. Bank of America upped their price objective on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price objective for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $192.05.

About JPMorgan Chase & Co.

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.