Insider Buying: JPMorgan Chase & Co. (JPM) Director Acquires 1,150 Shares of Stock

JPMorgan Chase & Co. (NYSE:JPM) Director Mellody L. Hobson purchased 1,150 shares of JPMorgan Chase & Co. stock in a transaction on Friday, October 19th. The stock was purchased at an average price of $108.94 per share, for a total transaction of $125,281.00. Following the completion of the transaction, the director now owns 2,632 shares of the company’s stock, valued at $286,730.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NYSE JPM traded down $0.18 during trading on Friday, reaching $107.91. The company had a trading volume of 15,233,000 shares, compared to its average volume of 14,515,646. JPMorgan Chase & Co. has a 52 week low of $95.95 and a 52 week high of $119.33. The company has a market cap of $376.93 billion, a PE ratio of 15.82, a P/E/G ratio of 1.78 and a beta of 1.17. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.17.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. The company had revenue of $27.26 billion during the quarter, compared to the consensus estimate of $27.20 billion. During the same period in the previous year, the firm posted $1.76 earnings per share. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 9.26 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Friday, October 5th will be paid a $0.80 dividend. The ex-dividend date is Thursday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.97%. JPMorgan Chase & Co.’s payout ratio is currently 46.58%.

A number of equities analysts have commented on JPM shares. Keefe, Bruyette & Woods restated a “$111.53” rating and issued a $127.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 18th. Royal Bank of Canada restated a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 16th. Credit Suisse Group set a $130.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Thursday, July 12th. DZ Bank upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Finally, UBS Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $123.44.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of JPMorgan Chase & Co. by 0.7% during the first quarter. BlackRock Inc. now owns 228,054,279 shares of the financial services provider’s stock worth $25,079,128,000 after buying an additional 1,627,006 shares during the last quarter. FMR LLC raised its stake in shares of JPMorgan Chase & Co. by 4.5% during the second quarter. FMR LLC now owns 91,209,565 shares of the financial services provider’s stock worth $9,504,036,000 after buying an additional 3,913,869 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of JPMorgan Chase & Co. by 2.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 13,009,422 shares of the financial services provider’s stock worth $1,355,582,000 after buying an additional 270,508 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of JPMorgan Chase & Co. by 4.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,199,709 shares of the financial services provider’s stock worth $1,167,010,000 after buying an additional 481,210 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of JPMorgan Chase & Co. by 1.7% during the second quarter. American Century Companies Inc. now owns 10,020,625 shares of the financial services provider’s stock worth $1,044,149,000 after buying an additional 169,377 shares during the last quarter. 70.62% of the stock is owned by institutional investors and hedge funds.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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Insider Buying and Selling by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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