The Insider Selling: J P Morgan Chase & Co (JPM) Insider Sells 12,986 Shares of Stock

The Insider Selling: J P Morgan Chase & Co (JPM) Insider Sells 12,986 Shares of Stock

J P Morgan Chase & Co (NYSE:JPM) insider Ashley Bacon sold 12,986 shares of J P Morgan Chase & Co stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $84.15, for a total value of $1,092,771.90. Following the transaction, the insider now owns 67,670 shares in the company, valued at $5,694,430.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

J P Morgan Chase & Co (NYSE:JPM) traded up 0.47% during midday trading on Wednesday, hitting $83.94. The stock had a trading volume of 21,270,134 shares. The stock has a market cap of $300.32 billion, a price-to-earnings ratio of 14.48 and a beta of 1.54. J P Morgan Chase & Co has a 12 month low of $52.50 and a 12 month high of $88.17. The stock 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 results on Friday, January 13th. The financial services provider reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.29. J P Morgan Chase & Co had a net margin of 23.45% and a return on equity of 10.91%. The firm earned $24.30 billion during the quarter, compared to analysts’ expectations of $23.48 billion. During the same period in the previous year, the company earned $1.68 earnings per share. J P Morgan Chase & Co’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts expect that J P Morgan Chase & Co will post $6.54 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be given a $0.48 dividend. The ex-dividend date is Wednesday, January 4th. This represents a $1.92 dividend on an annualized basis and a yield of 2.29%. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 31.02%.

A number of large investors have recently made changes to their positions in JPM. Sit Investment Associates Inc. boosted its stake in shares of J P Morgan Chase & Co by 10.0% in the third quarter. Sit Investment Associates Inc. now owns 664,070 shares of the financial services provider’s stock worth $44,220,000 after buying an additional 60,170 shares during the period. Woodstock Corp boosted its stake in shares of J P Morgan Chase & Co by 1.2% in the third quarter. Woodstock Corp now owns 48,372 shares of the financial services provider’s stock worth $3,221,000 after buying an additional 565 shares during the period. CIBC World Markets Inc. boosted its stake in shares of J P Morgan Chase & Co by 4.6% in the second quarter. CIBC World Markets Inc. now owns 602,402 shares of the financial services provider’s stock worth $37,433,000 after buying an additional 26,543 shares during the period. Lourd Capital LLC boosted its stake in shares of J P Morgan Chase & Co by 15.0% in the second quarter. Lourd Capital LLC now owns 10,661 shares of the financial services provider’s stock worth $662,000 after buying an additional 1,389 shares during the period. Finally, HL Financial Services LLC boosted its stake in shares of J P Morgan Chase & Co by 2.5% in the second quarter. HL Financial Services LLC now owns 2,295,225 shares of the financial services provider’s stock worth $142,625,000 after buying an additional 55,445 shares during the period. 72.31% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods downgraded J P Morgan Chase & Co from an “outperform” rating to a “mkt perform” rating in a research report on Wednesday. Sandler O’Neill downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a research report on Thursday, October 6th. Morgan Stanley reiterated a “buy” rating and issued a $70.00 target price on shares of J P Morgan Chase & Co in a research report on Wednesday, January 11th. Credit Suisse Group reiterated a “buy” rating and issued a $78.00 target price on shares of J P Morgan Chase & Co in a research report on Thursday, November 3rd. Finally, Jefferies Group boosted their target price on J P Morgan Chase & Co from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, October 10th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty have given a buy rating to the stock. J P Morgan Chase & Co currently has an average rating of “Buy” and a consensus target price of $76.68.

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.

Related posts

Leave a Comment