JPMorgan Chase & Co. (NYSE:JPM) insider Elena A. Korablina sold 21,829 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the sale, the insider now directly owns 6,484 shares of the company's stock, valued at $1,237,860.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
JPMorgan Chase & Co. Stock Up 0.8 %
Shares of JPM opened at $191.96 on Tuesday. The firm's 50-day simple moving average is $191.58 and its 200 day simple moving average is $172.82. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $551.25 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13. JPMorgan Chase & Co. has a 52 week low of $133.13 and a 52 week high of $200.94.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating the consensus estimate of $4.18 by $0.45. The company had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. On average, analysts forecast that JPMorgan Chase & Co. will post 15.98 earnings per share for the current year.
JPMorgan Chase & Co. Increases Dividend
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The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.40%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.78%.
Hedge Funds Weigh In On JPMorgan Chase & Co.
Several institutional investors and hedge funds have recently modified their holdings of JPM. Trust Co of the South boosted its stake in shares of JPMorgan Chase & Co. by 1.1% in the first quarter. Trust Co of the South now owns 4,946 shares of the financial services provider's stock valued at $991,000 after buying an additional 53 shares during the period. PFW Advisors LLC raised its holdings in JPMorgan Chase & Co. by 1.1% in the 1st quarter. PFW Advisors LLC now owns 5,232 shares of the financial services provider's stock valued at $1,048,000 after acquiring an additional 55 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. lifted its position in shares of JPMorgan Chase & Co. by 2.0% during the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,837 shares of the financial services provider's stock valued at $568,000 after acquiring an additional 55 shares during the period. KFG Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 3.6% during the 1st quarter. KFG Wealth Management LLC now owns 1,594 shares of the financial services provider's stock worth $319,000 after purchasing an additional 56 shares in the last quarter. Finally, Silvia Mccoll Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.0% during the 1st quarter. Silvia Mccoll Wealth Management LLC now owns 5,978 shares of the financial services provider's stock worth $1,169,000 after purchasing an additional 58 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on JPM shares. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 20th. Jefferies Financial Group increased their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a "buy" rating in a research note on Monday, April 8th. Piper Sandler dropped their price objective on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an "overweight" rating for the company in a research report on Monday, April 15th. Royal Bank of Canada reiterated an "outperform" rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Finally, UBS Group dropped their target price on JPMorgan Chase & Co. from $226.00 to $219.00 and set a "buy" rating for the company in a research report on Tuesday, April 16th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.05.
Get Our Latest Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Company Profile
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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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