Traders Sell JPMorgan Chase & Co. (JPM) on Strength on Insider Selling

Traders sold shares of JPMorgan Chase & Co. (NYSE:JPM) on strength during trading hours on Thursday after an insider sold shares in the company. $254.84 million flowed into the stock on the tick-up and $402.82 million flowed out of the stock on the tick-down, for a money net flow of $147.98 million out of the stock. Of all equities tracked, JPMorgan Chase & Co. had the 3rd highest net out-flow for the day. JPMorgan Chase & Co. traded up $0.27 for the day and closed at $113.26Specifically, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the sale, the general counsel now owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James S. Crown acquired 7,280 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 18th. The stock was acquired at an average cost of $113.37 per share, for a total transaction of $825,333.60. Following the purchase, the director now owns 305,875 shares of the company’s stock, valued at $34,677,048.75. The disclosure for this purchase can be found here. In the last three months, insiders sold 127,614 shares of company stock worth $14,302,869. 0.88% of the stock is currently owned by insiders.

A number of brokerages have commented on JPM. Wells Fargo & Co set a $130.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Wednesday. DZ Bank raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research report on Thursday. Jefferies Group set a $111.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, October 13th. Finally, BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. from $86.00 to $91.00 and gave the company a “market perform” rating in a research report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $105.81.

The firm has a market cap of $392,980.00, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 2.00 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The firm had revenue of $24.15 billion for the quarter, compared to analyst estimates of $24.87 billion. During the same quarter in the prior year, the business earned $1.71 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. analysts expect that JPMorgan Chase & Co. will post 8.41 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be issued a dividend of $0.56 per share. The ex-dividend date is Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 1.98%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.11%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Private Vista LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter worth about $102,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth about $102,000. Welch Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth about $103,000. Legacy Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth about $106,000. Finally, Atlantic Trust LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter worth about $136,000. Hedge funds and other institutional investors own 73.78% of the company’s stock.

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JPMorgan Chase & Co. Company Profile

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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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