Stacey Friedman Sells 17,729 Shares of JPMorgan Chase & Co. (JPM) Stock

JPMorgan Chase & Co. (NYSE:JPM) General Counsel Stacey Friedman sold 17,729 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $112.33, for a total transaction of $1,991,498.57. Following the completion of the sale, the general counsel now directly owns 21,260 shares of the company’s stock, valued at approximately $2,388,135.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Stacey Friedman also recently made the following trade(s):

  • On Thursday, October 26th, Stacey Friedman sold 2,099 shares of JPMorgan Chase & Co. stock. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04.

JPMorgan Chase & Co. (JPM) opened at $113.26 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. The company has a market capitalization of $392,980.00, a PE ratio of 17.75, a price-to-earnings-growth ratio of 2.00 and a beta of 1.22. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $113.72.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The firm had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.71 earnings per share. sell-side analysts forecast that JPMorgan Chase & Co. will post 8.41 EPS for the current year.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Kohmann Bosshard Financial Services LLC acquired a new position in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $102,000. Welch Investments LLC acquired a new position in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $103,000. Legacy Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $106,000. Atlantic Trust LLC acquired a new position in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $136,000. Finally, Lipe & Dalton acquired a new position in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $143,000. 73.78% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on JPM. 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 target price for the company in a research report on Thursday. Jefferies Group set a $111.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, October 13th. BMO Capital Markets boosted their price target on JPMorgan Chase & Co. from $86.00 to $91.00 and gave the company a “market perform” rating in a research note on Friday, October 13th. Finally, Buckingham Research raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Thursday, December 21st. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $105.81.

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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.

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

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