Insider Selling: JPMorgan Chase & Co. (NYSE:JPM) Insider Sells $1,524,609.48 in Stock

JPMorgan Chase & Co. (NYSE:JPM) insider Lori A. Beer sold 13,341 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the sale, the insider now directly owns 10,130 shares of the company’s stock, valued at approximately $1,157,656.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of JPM opened at $113.54 on Friday. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $119.24. The stock has a fifty day moving average price of $111.13. The company has a current ratio of 0.97, a quick ratio of 1.00 and a debt-to-equity ratio of 1.22. The company has a market cap of $371.99 billion, a PE ratio of 12.62, a P/E/G ratio of 1.65 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.32. JPMorgan Chase & Co. had a return on equity of 14.41% and a net margin of 24.73%. The company had revenue of $28.83 billion for the quarter, compared to analysts’ expectations of $28.52 billion. During the same period last year, the business earned $2.29 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 3.9% compared to the same quarter last year. Analysts anticipate that JPMorgan Chase & Co. will post 9.92 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers lifted its holdings in shares of JPMorgan Chase & Co. by 0.5% in the 4th quarter. Rhumbline Advisers now owns 5,870,204 shares of the financial services provider’s stock worth $573,049,000 after purchasing an additional 31,681 shares in the last quarter. Fisher Asset Management LLC lifted its stake in JPMorgan Chase & Co. by 4.0% during the 4th quarter. Fisher Asset Management LLC now owns 5,426,978 shares of the financial services provider’s stock valued at $529,782,000 after acquiring an additional 208,780 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in JPMorgan Chase & Co. by 11,601.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 4,973,970 shares of the financial services provider’s stock valued at $497,397,000 after acquiring an additional 4,931,461 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in JPMorgan Chase & Co. by 2.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 4,263,000 shares of the financial services provider’s stock valued at $416,154,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in JPMorgan Chase & Co. by 179.6% during the 2nd quarter. Bessemer Group Inc. now owns 3,508,417 shares of the financial services provider’s stock valued at $392,240,000 after acquiring an additional 2,253,764 shares in the last quarter. Institutional investors own 71.41% of the company’s stock.

Several analysts have recently commented on JPM shares. BMO Capital Markets raised their price objective on shares of Citigroup from $92.00 to $93.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. HSBC reaffirmed a “hold” rating on shares of Societe Generale in a research report on Thursday, April 4th. Morgan Stanley reduced their price objective on shares of Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. Zacks Investment Research downgraded shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. Finally, Credit Suisse Group raised their price objective on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average price target of $123.94.

JPMorgan Chase & Co. Company Profile

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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