SeaCrest Wealth Management LLC Lowers Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

SeaCrest Wealth Management LLC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,692 shares of the financial services provider’s stock after selling 479 shares during the period. JPMorgan Chase & Co. comprises 0.7% of SeaCrest Wealth Management LLC’s holdings, making the stock its 20th biggest position. SeaCrest Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $6,638,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JPM. Eagle Capital Management LLC lifted its position in JPMorgan Chase & Co. by 0.4% during the second quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock valued at $4,423,000 after acquiring an additional 84 shares during the last quarter. Fiera Capital Corp lifted its position in JPMorgan Chase & Co. by 1.7% during the second quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock valued at $756,000 after acquiring an additional 63 shares during the last quarter. PFG Advisors lifted its position in JPMorgan Chase & Co. by 1.7% during the second quarter. PFG Advisors now owns 37,494 shares of the financial services provider’s stock valued at $7,584,000 after acquiring an additional 623 shares during the last quarter. Wealthgarden F.S. LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at approximately $631,000. Finally, Lansing Street Advisors lifted its position in JPMorgan Chase & Co. by 7.2% during the second quarter. Lansing Street Advisors now owns 2,112 shares of the financial services provider’s stock valued at $427,000 after acquiring an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.9 %

JPM stock opened at $252.22 on Thursday. The firm has a market cap of $710.09 billion, a PE ratio of 14.04, a P/E/G ratio of 3.54 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The firm’s fifty day moving average is $242.60 and its 200 day moving average is $223.51. JPMorgan Chase & Co. has a one year low of $164.30 and a one year high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business earned $3.04 earnings per share. On average, research analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 27.82%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on JPM. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a research note on Thursday, November 7th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research note on Friday, January 3rd. Bank of America upped their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a “market perform” rating in a research note on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $245.83.

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.