Insider Selling: JPMorgan Chase & Co. Director Sells 63,802 Shares of Stock (JPM)
JPMorgan Chase & Co. (NYSE:JPM) Director Mary E. Erdoes unloaded 63,802 shares of JPMorgan Chase & Co. stock on the open market in a transaction dated Monday, January 27th. The shares were sold at an average price of $55.25, for a total transaction of $3,525,060.50. Following the transaction, the director now directly owns 261,536 shares in the company, valued at approximately $14,449,864. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down 0.38% during mid-day trading on Wednesday, hitting $55.53. The stock had a trading volume of 25,471,398 shares. JPMorgan Chase & Co. has a one year low of $46.05 and a one year high of $59.82. The stock has a 50-day moving average of $57.58 and a 200-day moving average of $54.69. The company has a market cap of $208.9 billion and a P/E ratio of 12.81.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Monday, January 13th. The company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by $0.03. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.81 billion. During the same quarter last year, the company posted $1.39 earnings per share. JPMorgan Chase & Co.’s revenue was down 2.1% compared to the same quarter last year. On average, analysts predict that JPMorgan Chase & Co. will post $5.98 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note to investors on Tuesday. Separately, analysts at Mediobanca SpA downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note to investors on Wednesday, January 15th. They now have a $60.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. JPMorgan Chase & Co. has a consensus rating of “Buy” and a consensus target price of $60.71.
JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.