The Insider Selling: J P Morgan Chase & Co (JPM) Director Sells 40,433 Shares of Stock

The Insider Selling: J P Morgan Chase & Co (JPM) Director Sells 40,433 Shares of Stock

J P Morgan Chase & Co (NYSE:JPM) Director Daniel E. Pinto sold 40,433 shares of J P Morgan Chase & Co stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $84.15, for a total value of $3,402,436.95. Following the sale, the director now owns 246,591 shares in the company, valued at $20,750,632.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

J P Morgan Chase & Co (NYSE:JPM) traded up 0.47% during mid-day trading on Wednesday, hitting $83.94. The company had a trading volume of 21,270,134 shares. The firm has a market capitalization of $300.32 billion, a PE ratio of 14.48 and a beta of 1.54. J P Morgan Chase & Co has a 1-year low of $52.50 and a 1-year high of $88.17. The company has a 50 day moving average of $85.31 and a 200 day moving average of $71.99.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data on Friday, January 13th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.29. The business earned $24.30 billion during the quarter, compared to the consensus estimate of $23.48 billion. J P Morgan Chase & Co had a net margin of 23.45% and a return on equity of 10.91%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.68 earnings per share. Analysts predict that J P Morgan Chase & Co will post $6.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.29%. The ex-dividend date is Wednesday, January 4th. J P Morgan Chase & Co’s payout ratio is currently 31.02%.

A number of analysts recently commented on the company. Keefe, Bruyette & Woods lowered J P Morgan Chase & Co from an “outperform” rating to a “mkt perform” rating in a report on Wednesday. Vetr raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $87.76 target price for the company in a research report on Tuesday. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $89.00 target price on shares of J P Morgan Chase & Co in a research report on Tuesday. Nomura reissued a “neutral” rating and issued a $80.00 target price on shares of J P Morgan Chase & Co in a research report on Tuesday. Finally, FBR & Co reissued an “outperform” rating on shares of J P Morgan Chase & Co in a research report on Tuesday. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty have assigned a buy rating to the company’s stock. J P Morgan Chase & Co presently has a consensus rating of “Buy” and a consensus target price of $76.68.

A number of hedge funds have recently made changes to their positions in JPM. The Manufacturers Life Insurance Company purchased a new stake in shares of J P Morgan Chase & Co during the third quarter valued at about $899,412,000. Vanguard Group Inc. increased its stake in shares of J P Morgan 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 last quarter. Capital Research Global Investors increased its stake in shares of J P Morgan Chase & Co by 36.2% in the third quarter. Capital Research Global Investors now owns 13,928,002 shares of the financial services provider’s stock valued at $927,466,000 after buying an additional 3,699,360 shares during the last quarter. Winslow Capital Management LLC purchased a new stake in shares of J P Morgan Chase & Co during the second quarter valued at about $221,862,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of J P Morgan Chase & Co by 200.9% in the third quarter. BNP Paribas Arbitrage SA now owns 4,145,850 shares of the financial services provider’s stock valued at $276,072,000 after buying an additional 2,768,188 shares during the last quarter. 72.31% of the stock is owned by institutional investors and hedge funds.

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

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