Insider Buying: JPMorgan Chase & Co. (JPM) Director Buys 7,280 Shares of Stock
JPMorgan Chase & Co. (NYSE:JPM) Director James S. Crown purchased 7,280 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were acquired at an average price of $113.37 per share, for a total transaction of $825,333.60. Following the completion of the transaction, the director now directly owns 305,875 shares of the company’s stock, valued at approximately $34,677,048.75. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up $0.27 on Thursday, reaching $113.26. 14,572,416 shares of the company traded hands, compared to its average volume of 14,913,175. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $113.72. The stock has a market cap of $392,980.00, a P/E ratio of 17.75, a P/E/G ratio of 2.00 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01.
JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The firm had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. During the same period in the prior year, the firm earned $1.71 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. research analysts predict that JPMorgan Chase & Co. will post 8.41 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in JPM. Private Vista LLC acquired a new position in JPMorgan Chase & Co. during the 2nd quarter worth approximately $102,000. Kohmann Bosshard Financial Services LLC acquired a new position in JPMorgan Chase & Co. during the 3rd quarter worth approximately $102,000. Welch Investments LLC acquired a new position in JPMorgan Chase & Co. during the 3rd quarter worth approximately $103,000. Legacy Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 3rd quarter worth approximately $106,000. Finally, Atlantic Trust LLC acquired a new position in JPMorgan Chase & Co. during the 2nd quarter worth approximately $136,000. 73.78% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on JPM shares. Bank of America set a $102.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, October 13th. Jefferies Group set a $111.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, October 13th. Credit Suisse Group restated a “buy” rating and set a $110.00 price target (up from $103.00) on shares of JPMorgan Chase & Co. in a research report on Monday, October 9th. They noted that the move was a valuation call. Royal Bank of Canada restated a “buy” rating and set a $105.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, November 15th. Finally, Wells Fargo & Co set a $120.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Three equities research analysts have rated the stock with a sell rating, eleven have issued 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 $105.81.
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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.
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