JPMorgan Chase & Co. (NYSE:JPM) insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now directly owns 64,783 shares of the company's stock, valued at $12,656,006.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
JPMorgan Chase & Co. Stock Performance
JPM opened at $199.52 on Thursday. The stock has a market capitalization of $574.69 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 2.49 and a beta of 1.14. JPMorgan Chase & Co. has a fifty-two week low of $126.22 and a fifty-two week high of $200.48. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.91 and a current ratio of 0.91. The company has a fifty day moving average of $181.58 and a 200 day moving average of $163.37.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing analysts' consensus estimates of $3.73 by ($0.69). The business had revenue of $38.57 billion during the quarter, compared to the consensus estimate of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The firm's revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.57 EPS. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 15.75 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Increases Dividend
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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be issued a $1.15 dividend. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.'s payout ratio is presently 25.89%.
Analysts Set New Price Targets
JPM has been the topic of several research reports. Oppenheimer decreased their price objective on shares of JPMorgan Chase & Co. from $238.00 to $219.00 and set an "outperform" rating on the stock in a report on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and raised their target price for the company from $140.00 to $190.00 in a research report on Tuesday, January 9th. BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the stock a "market perform" rating in a report on Tuesday, January 16th. Piper Sandler increased their price target on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, January 16th. Finally, Bank of America boosted their price target on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a "buy" rating in a research note on Thursday, January 4th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and a consensus price target of $181.63.
Check Out Our Latest Stock Report on JPMorgan Chase & Co.
Institutional Investors Weigh In On JPMorgan Chase & Co.
A number of institutional investors have recently added to or reduced their stakes in JPM. State Street Corp raised its position in shares of JPMorgan Chase & Co. by 1.9% in the 2nd quarter. State Street Corp now owns 126,243,947 shares of the financial services provider's stock valued at $18,360,920,000 after purchasing an additional 2,384,901 shares during the last quarter. Moneta Group Investment Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 105,652.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider's stock valued at $13,141,876,000 after buying an additional 97,907,897 shares in the last quarter. Morgan Stanley raised its stake in JPMorgan Chase & Co. by 0.3% during the 3rd quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider's stock valued at $9,127,754,000 after acquiring an additional 201,441 shares during the last quarter. FMR LLC raised its position in JPMorgan Chase & Co. by 1.2% during the 3rd quarter. FMR LLC now owns 49,417,639 shares of the financial services provider's stock worth $7,166,546,000 after buying an additional 606,382 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in JPMorgan Chase & Co. by 12.2% in the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider's stock valued at $6,151,997,000 after purchasing an additional 4,603,090 shares during the period. Institutional investors own 71.55% of the company's stock.
JPMorgan Chase & Co. Company Profile
(
Get Free Report)
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.
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