JPMorgan Chase & Co. (NYSE:JPM) CFO Marianne Lake sold 9,194 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total value of $1,031,750.68. Following the completion of the transaction, the chief financial officer now owns 49,637 shares in the company, valued at approximately $5,570,264.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of JPMorgan Chase & Co. (JPM) traded up $0.72 during mid-day trading on Wednesday, hitting $112.99. The stock had a trading volume of 14,937,613 shares, compared to its average volume of 14,460,000. JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $113.43. The firm has a market capitalization of $392,040.00, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 2.01 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The firm had revenue of $24.15 billion for the quarter, compared to analyst estimates of $24.87 billion. During the same period last year, the firm posted $1.71 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. analysts forecast that JPMorgan Chase & Co. will post 8.41 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 35.11%.

A number of research analysts recently commented on JPM shares. Vetr cut JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price target on the stock. in a research report on Wednesday, January 10th. Credit Suisse Group upgraded JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price target on the stock in a research report on Friday, January 5th. Vining Sparks restated a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, January 12th. Bank of America set a $102.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, Oppenheimer restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $104.85.

Hedge funds have recently made changes to their positions in the company. David R. Rahn & Associates Inc. acquired a new position in shares of JPMorgan Chase & Co. in the second quarter worth approximately $1,458,000. Ironwood Investment Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 61.9% in the second quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock worth $609,000 after acquiring an additional 2,550 shares during the period. Gamble Jones Investment Counsel lifted its stake in shares of JPMorgan Chase & Co. by 0.6% in the second quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock worth $4,566,000 after acquiring an additional 276 shares during the period. Grove Bank & Trust lifted its stake in shares of JPMorgan Chase & Co. by 16.9% in the second quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock worth $895,000 after acquiring an additional 1,417 shares during the period. Finally, Lee Danner & Bass Inc. lifted its stake in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock worth $1,599,000 after acquiring an additional 69 shares during the period. 73.78% of the stock is currently owned by hedge funds and other institutional investors.

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JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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