Key Points
- CFO Jeremy Barnum sold 2,892 shares on Feb. 17 at an average price of $306.42 for about $886,167, reducing his direct stake to 23,804 shares (a 10.83% decline).
- The Barnum sale follows other insider selling (including General Counsel Stacey Friedman’s ~3,404-share sale on Feb. 17), a pattern that may prompt short-term investor caution.
- JPMorgan recently reported a Q4 EPS beat of $5.23 vs. $4.93 with revenue and loan growth (loans ~ $1.49T), pays a $1.50 quarterly dividend (2.0% yield), and carries a "Moderate Buy" analyst consensus target near $339.73.
JPMorgan Chase & Co. (NYSE:JPM) CFO Jeremy Barnum sold 2,892 shares of the firm's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $306.42, for a total transaction of $886,166.64. Following the transaction, the chief financial officer directly owned 23,804 shares of the company's stock, valued at $7,294,021.68. The trade was a 10.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Jeremy Barnum also recently made the following trade(s):
- On Friday, January 16th, Jeremy Barnum sold 2,893 shares of JPMorgan Chase & Co. stock. The shares were sold at an average price of $312.79, for a total value of $904,901.47.
JPMorgan Chase & Co. Stock Performance
JPMorgan Chase & Co. stock opened at $306.85 on Wednesday. The company's 50-day moving average price is $315.41 and its 200-day moving average price is $307.86. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 1.27. The company has a market cap of $835.33 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 1.48 and a beta of 1.07. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $337.25.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Tuesday, January 13th. The financial services provider reported $5.23 earnings per share for the quarter, beating the consensus estimate of $4.93 by $0.30. The company had revenue of $45.80 billion for the quarter, compared to analyst estimates of $45.98 billion. JPMorgan Chase & Co. had a return on equity of 17.16% and a net margin of 20.35%.JPMorgan Chase & Co.'s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.81 EPS. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Tuesday, January 6th were paid a $1.50 dividend. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. JPMorgan Chase & Co.'s dividend payout ratio is 29.99%.
JPMorgan Chase & Co. News Summary
Here are the key news stories impacting JPMorgan Chase & Co. this week:
Institutional Trading of JPMorgan Chase & Co.
Large investors have recently bought and sold shares of the business. Harbor Asset Planning Inc. acquired a new position in JPMorgan Chase & Co. during the second quarter worth $26,000. Timmons Wealth Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth $27,000. Mizuho Securities Co. Ltd. raised its holdings in shares of JPMorgan Chase & Co. by 450.0% during the 2nd quarter. Mizuho Securities Co. Ltd. now owns 110 shares of the financial services provider's stock worth $32,000 after acquiring an additional 90 shares during the period. Mountain Hill Investment Partners Corp. acquired a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $32,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 71.55% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on JPM. CICC Research started coverage on JPMorgan Chase & Co. in a research note on Wednesday, January 14th. They set an "outperform" rating and a $355.00 price objective for the company. Barclays reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Friday, February 13th. Wells Fargo & Company dropped their target price on JPMorgan Chase & Co. from $360.00 to $350.00 and set an "overweight" rating on the stock in a research report on Tuesday. Truist Financial set a $334.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, January 14th. Finally, Daiwa Securities Group raised their price objective on shares of JPMorgan Chase & Co. from $345.00 to $353.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 6th. Fourteen equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $339.73.
Check Out Our Latest Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Company Profile
(
Get Free Report)
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm's principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
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