JPMorgan American (LON:JAM) Shares Cross Above 50 Day Moving Average – Time to Sell?

JPMorgan American (LON:JAM)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 979.99 ($13.45) and traded as high as GBX 1,024 ($14.05). JPMorgan American shares last traded at GBX 1,022 ($14.02), with a volume of 128,745 shares.

JPMorgan American Stock Up 1.4%

The firm has a market capitalization of £1.85 billion, a PE ratio of 4.43 and a beta of 0.65. The business has a 50-day moving average price of GBX 979.99 and a 200-day moving average price of GBX 1,043.14.

JPMorgan American (LON:JAM) last released its quarterly earnings data on Thursday, April 3rd. The company reported GBX 10.59 ($0.15) earnings per share for the quarter. JPMorgan American had a return on equity of 24.87% and a net margin of 97.58%.

JPMorgan American Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, April 17th were issued a GBX 8.25 ($0.11) dividend. This represents a yield of 0.88%. This is a positive change from JPMorgan American’s previous dividend of $2.75. The ex-dividend date was Thursday, April 17th. JPMorgan American’s payout ratio is presently 3.47%.

Insider Activity

In other JPMorgan American news, insider Colin Moore purchased 2,000 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was acquired at an average cost of GBX 919 ($12.61) per share, for a total transaction of £18,380 ($25,223.00). Also, insider Claire Binyon acquired 1,249 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were acquired at an average cost of GBX 994 ($13.64) per share, with a total value of £12,415.06 ($17,037.27). Insiders bought a total of 11,249 shares of company stock valued at $10,655,506 in the last 90 days. Company insiders own 6.35% of the company’s stock.

JPMorgan American Company Profile

A local knows the best route
JPMorgan American Investment Trust plc aims to generate attractive long-term returns from the world’s largest stock market by focusing on high quality companies that are also reasonably priced.

Key points:
Expertise – Our flagship US investment trust, managed by locally based specialist investors to provide core portfolio exposure to North American equities.
Portfolio – Managed for growth by focusing on quality companies that are reasonably priced.
Results – Broadly diversified across the S&P 500 index, with a focus on large cap stocks.

Why invest in this trust
The JPMorgan American Investment Trust plc is a large, actively managed investment trust investing in the core US stock market.