JPMorgan Chase & Co. (NYSE:JPM) CFO Jennifer Piepszak sold 4,594 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $126.78, for a total transaction of $582,427.32. Following the transaction, the chief financial officer now owns 12,922 shares in the company, valued at $1,638,251.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
NYSE:JPM opened at $126.51 on Tuesday. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $127.21. The firm has a 50 day moving average of $118.58 and a 200 day moving average of $113.08. The company has a quick ratio of 0.97, a current ratio of 0.93 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $399.78 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.76 and a beta of 1.20.
JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $2.68 EPS for the quarter, beating the Zacks’ consensus estimate of $2.45 by $0.23. JPMorgan Chase & Co. had a net margin of 24.70% and a return on equity of 14.63%. The company had revenue of $29.34 billion during the quarter, compared to analysts’ expectations of $28.36 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, analysts expect that JPMorgan Chase & Co. will post 10.17 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be given a dividend of $0.90 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, October 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 2.85%. JPMorgan Chase & Co.’s dividend payout ratio is presently 40.00%.
A number of equities analysts have recently issued reports on the stock. Buckingham Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 price objective on the stock. in a research note on Monday, September 16th. They noted that the move was a valuation call. Credit Suisse Group set a $135.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, October 11th. Royal Bank of Canada increased their target price on shares of JPMorgan Chase & Co. to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. ValuEngine raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Wells Fargo & Co set a $125.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, August 16th. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus target price of $121.94.
Large investors have recently bought and sold shares of the stock. Personal Wealth Partners purchased a new position in shares of JPMorgan Chase & Co. in the second quarter worth $28,000. MRA Associates USA LLC purchased a new position in shares of JPMorgan Chase & Co. in the second quarter worth $30,000. Global Trust Asset Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 2,027.2% in the second quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock worth $33,000 after buying an additional 5,068 shares during the last quarter. Titan Capital Management LLC CA purchased a new position in shares of JPMorgan Chase & Co. in the second quarter worth $35,000. Finally, Vista Private Wealth Partners. LLC purchased a new position in shares of JPMorgan Chase & Co. in the third quarter worth $35,000. 71.94% of the stock is owned by institutional investors.
About JPMorgan Chase & Co.
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
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