Insider Buying: JPMorgan Chase & Co. (NYSE:JPM) Director Purchases 375 Shares of Stock

JPMorgan Chase & Co. (NYSE:JPM) Director Mellody L. Hobson purchased 375 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 19th. The shares were bought at an average price of $134.53 per share, with a total value of $50,448.75. Following the transaction, the director now owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

JPMorgan Chase & Co. Trading Up 0.2 %

Shares of JPM opened at $135.08 on Monday. The firm’s 50 day simple moving average is $134.60 and its 200 day simple moving average is $122.80. The company has a market capitalization of $396.22 billion, a P/E ratio of 11.18, a P/E/G ratio of 2.10 and a beta of 1.13. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $159.03.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.11 by $0.46. The business had revenue of $34.55 billion for the quarter, compared to the consensus estimate of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. JPMorgan Chase & Co.’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the firm posted $3.33 earnings per share. Sell-side analysts forecast that JPMorgan Chase & Co. will post 12.88 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.11%.

Analyst Ratings Changes

Several equities analysts recently weighed in on JPM shares. Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $153.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday, January 17th. Piper Sandler increased their target price on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a research report on Tuesday, January 17th. BMO Capital Markets increased their target price on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the stock a “market perform” rating in a research report on Monday, October 17th. StockNews.com started coverage on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, The Goldman Sachs Group cut their target price on shares of JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, October 4th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $147.89.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Retirement Financial Solutions LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $26,000. HBC Financial Services PLLC raised its stake in shares of JPMorgan Chase & Co. by 61.2% during the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 90 shares in the last quarter. Creative Capital Management Investments LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $30,000. Grayhawk Investment Strategies Inc. purchased a new position in shares of JPMorgan Chase & Co. during the second quarter worth approximately $32,000. Finally, Financial Connections Group Inc. raised its stake in shares of JPMorgan Chase & Co. by 48.5% during the second quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 100 shares in the last quarter. 67.89% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Company Profile

(Get Rating)

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

Further Reading

Insider Buying and Selling by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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