JPMorgan Chase & Co. (JPM) Insider Sells $3,009,259.44 in Stock

JPMorgan Chase & Co. (NYSE:JPM) insider Peter Scher sold 26,532 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $113.42, for a total value of $3,009,259.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Peter Scher also recently made the following trade(s):

  • On Tuesday, January 16th, Peter Scher sold 17,057 shares of JPMorgan Chase & Co. stock. The stock was sold at an average price of $112.20, for a total value of $1,913,795.40.

JPMorgan Chase & Co. (NYSE JPM) traded down $0.25 during midday trading on Friday, hitting $113.01. The stock had a trading volume of 18,716,039 shares, compared to its average volume of 14,000,000. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $114.34. The firm has a market capitalization of $392,110.00, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.96 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 released its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping 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 company had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same period in the previous year, the firm posted $1.71 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. analysts forecast that JPMorgan Chase & Co. will post 8.65 EPS for the current fiscal year.

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

JPM has been the subject of several research reports. Vetr cut JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price objective for the company. in a report on Wednesday, January 10th. Credit Suisse Group raised JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price objective for the company in a report on Friday, January 5th. Vining Sparks reaffirmed a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a report on Friday, January 12th. Bank of America set a $102.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a report on Thursday, October 12th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company. JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus target price of $105.81.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. grew its position in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 12 shares during the period. IPG Investment Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 0.3% in the second quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 17 shares during the period. Sunbelt Securities Inc. grew its position in shares of JPMorgan Chase & Co. by 0.5% in the second quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 26 shares during the period. Fort Pitt Capital Group LLC grew its position in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Fort Pitt Capital Group LLC now owns 9,084 shares of the financial services provider’s stock valued at $830,000 after purchasing an additional 37 shares during the period. Finally, Financial Consulate Inc. grew its position in shares of JPMorgan Chase & Co. by 1.1% in the second quarter. Financial Consulate Inc. now owns 4,075 shares of the financial services provider’s stock valued at $372,000 after purchasing an additional 44 shares during the period. 73.78% of the stock is owned by institutional investors.

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About JPMorgan Chase & Co.

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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