JPMorgan Chase & Co. (NYSE:JPM) insider Ashley Bacon sold 5,086 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total value of $984,853.04. Following the transaction, the insider now owns 217,351 shares in the company, valued at $42,087,847.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Ashley Bacon also recently made the following trade(s):
- On Friday, February 16th, Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock. The stock was sold at an average price of $179.00, for a total transaction of $602,872.00.
JPMorgan Chase & Co. Trading Up 2.0 %
NYSE:JPM opened at $195.63 on Thursday. JPMorgan Chase & Co. has a one year low of $133.13 and a one year high of $200.94. The company's 50-day simple moving average is $191.74 and its 200 day simple moving average is $173.16. The firm has a market capitalization of $561.78 billion, a P/E ratio of 11.81, a PEG ratio of 2.38 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92.
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JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.18 by $0.45. The business had revenue of $41.93 billion during the quarter, compared to analysts' expectations of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. As a group, analysts forecast that JPMorgan Chase & Co. will post 15.98 EPS for the current fiscal year.
JPMorgan Chase & Co. Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were issued a $1.15 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 2.35%. JPMorgan Chase & Co.'s payout ratio is 27.78%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Stone House Investment Management LLC boosted its stake in JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 89 shares during the last quarter. Retirement Group LLC boosted its holdings in shares of JPMorgan Chase & Co. by 227.1% during the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 109 shares during the last quarter. Macroview Investment Management LLC grew its stake in shares of JPMorgan Chase & Co. by 7,833.3% in the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider's stock worth $34,000 after acquiring an additional 235 shares during the period. Richardson Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $34,000. Finally, Bare Financial Services Inc bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $35,000. Institutional investors own 71.55% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently commented on JPM. Morgan Stanley reduced their target price on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an "overweight" rating on the stock in a report on Monday, April 15th. Oppenheimer dropped their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an "outperform" rating for the company in a research note on Monday, April 15th. Wells Fargo & Company lifted their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 20th. UBS Group dropped their price target on shares of 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. Finally, Evercore ISI boosted their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an "outperform" rating in a research report on Thursday, April 4th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $192.05.
View Our Latest Stock Analysis on JPMorgan Chase & Co.
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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