The Gordon Smith Sells 65,865 Shares of JPMorgan Chase & Co. (JPM) Stock

The Gordon Smith Sells 65,865 Shares of JPMorgan Chase & Co. (JPM) Stock

JPMorgan Chase & Co. (NYSE:JPM) insider Gordon Smith sold 65,865 shares of the firm’s stock in a transaction dated Wednesday, January 18th. The stock was sold at an average price of $83.67, for a total value of $5,510,924.55. Following the sale, the insider now directly owns 237,466 shares of the company’s stock, valued at $19,868,780.22. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

JPMorgan Chase & Co. (NYSE:JPM) traded down 0.76% during mid-day trading on Thursday, reaching $83.30. The company’s stock had a trading volume of 16,553,669 shares. The firm has a market capitalization of $297.44 billion, a P/E ratio of 13.46 and a beta of 1.54. JPMorgan Chase & Co. has a 52 week low of $52.50 and a 52 week high of $88.17. The firm’s 50 day moving average price is $85.31 and its 200 day moving average price is $71.99.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, January 13th. The financial services provider reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.29. JPMorgan Chase & Co. had a return on equity of 10.91% and a net margin of 23.45%. The company had revenue of $24.30 billion for the quarter, compared to the consensus estimate of $23.48 billion. During the same quarter last year, the business posted $1.68 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts anticipate that JPMorgan Chase & Co. will post $6.54 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Wednesday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 31.02%.

A number of brokerages recently issued reports on JPM. Deutsche Bank AG reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 23rd. Vetr raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $84.31 price objective for the company in a research report on Monday, December 26th. Societe Generale reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Saturday, January 14th. FBR & Co reissued an “outperform” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $89.00 target price (up from $88.00) on shares of JPMorgan Chase & Co. in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $76.96.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JPM. Vanguard Group Inc. increased its stake in shares of JPMorgan Chase & Co. by 2.1% in the second quarter. Vanguard Group Inc. now owns 229,636,598 shares of the financial services provider’s stock valued at $14,269,618,000 after buying an additional 4,692,609 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of JPMorgan Chase & Co. by 2.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 60,516,465 shares of the financial services provider’s stock valued at $3,760,494,000 after buying an additional 1,331,994 shares during the period. BlackRock Fund Advisors increased its stake in shares of JPMorgan Chase & Co. by 4.4% in the third quarter. BlackRock Fund Advisors now owns 44,584,406 shares of the financial services provider’s stock valued at $2,968,876,000 after buying an additional 1,887,955 shares during the period. Franklin Resources Inc. increased its stake in shares of JPMorgan Chase & Co. by 1.6% in the second quarter. Franklin Resources Inc. now owns 42,729,841 shares of the financial services provider’s stock valued at $2,655,217,000 after buying an additional 668,959 shares during the period. Finally, Dodge & Cox increased its stake in shares of JPMorgan Chase & Co. by 5.4% in the second quarter. Dodge & Cox now owns 27,832,599 shares of the financial services provider’s stock valued at $1,729,518,000 after buying an additional 1,415,650 shares during the period. 72.31% of the stock is currently owned by institutional investors.

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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

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