Ashley Bacon Sells 16,766 Shares of JPMorgan Chase & Co. (NYSE:JPM) Stock

JPMorgan Chase & Co. (NYSE:JPM) insider Ashley Bacon sold 16,766 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $135.00, for a total transaction of $2,263,410.00. Following the sale, the insider now directly owns 195,356 shares in the company, valued at approximately $26,373,060. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

JPMorgan Chase & Co. Trading Up 3.1 %

NYSE:JPM opened at $138.45 on Thursday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $404.59 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $144.34. The firm has a 50-day moving average price of $133.17 and a two-hundred day moving average price of $135.25.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.41 by $0.69. The firm had revenue of $38.35 billion during the quarter, compared to analyst estimates of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the business posted $2.63 EPS. On average, equities analysts expect that JPMorgan Chase & Co. will post 14.32 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.89%. JPMorgan Chase & Co.’s payout ratio is currently 29.52%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Jefferies Financial Group cut their price target on shares of JPMorgan Chase & Co. from $152.00 to $149.00 in a research report on Monday. Credit Suisse Group increased their price objective on shares of JPMorgan Chase & Co. from $155.00 to $160.00 in a research report on Tuesday, April 18th. Bank of America increased their price objective on shares of JPMorgan Chase & Co. from $152.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, April 17th. Evercore ISI cut their price objective on shares of JPMorgan Chase & Co. from $155.00 to $151.00 in a research report on Friday, May 12th. Finally, Barclays cut their price objective on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 12th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.06.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of JPMorgan Chase & Co. by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock worth $28,480,408,000 after purchasing an additional 2,918,554 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 105,652.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after buying an additional 97,907,897 shares during the period. Morgan Stanley boosted its holdings in JPMorgan Chase & Co. by 15.9% in the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after buying an additional 8,088,433 shares during the period. Geode Capital Management LLC boosted its holdings in JPMorgan Chase & Co. by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 52,310,456 shares of the financial services provider’s stock worth $6,801,125,000 after buying an additional 1,061,831 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in JPMorgan Chase & Co. by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,769,523 shares of the financial services provider’s stock worth $4,270,198,000 after buying an additional 2,285,429 shares during the period. Hedge funds and other institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co is a financial holding company, which engages in providing 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.