JPMorgan Chase & Co. Director Sells $3,526,791 in Stock (JPM)
JPMorgan Chase & Co. (NYSE:JPM) Director Daniel E. Pinto unloaded 63,718 shares of JPMorgan Chase & Co. stock on the open market in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $55.35, for a total value of $3,526,791.30. Following the completion of the transaction, the director now directly owns 228,883 shares of the company’s stock, valued at approximately $12,668,674. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
JPM has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $60.71.
JPMorgan Chase & Co. (NYSE:JPM) traded down 0.38% during mid-day trading on Wednesday, hitting $55.53. 25,471,398 shares of the company’s stock traded hands. JPMorgan Chase & Co. has a 1-year low of $46.05 and a 1-year high of $59.82. The stock’s 50-day moving average is $57.58 and its 200-day moving average is $54.69. The company has a market cap of $208.9 billion and a price-to-earnings ratio of 12.81.
JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Monday, January 13th. The company reported $1.30 earnings per share for the quarter, missing the analysts’ 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.
JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.
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