JPMorgan Chase & Co. (JPM) Director Purchases $825,333.60 in Stock

JPMorgan Chase & Co. (NYSE:JPM) Director James S. Crown bought 7,280 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were acquired at an average cost of $113.37 per share, for a total transaction of $825,333.60. Following the transaction, the director now directly owns 305,875 shares in the company, valued at approximately $34,677,048.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $113.01 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $392,113.75, a P/E ratio of 16.17, a PEG ratio of 1.93 and a beta of 1.22. JPMorgan Chase & Co. has a 1-year low of $81.64 and a 1-year high of $114.34.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $1.71 EPS. sell-side analysts anticipate that JPMorgan Chase & Co. will post 8.78 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be issued a $0.56 dividend. 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 35.56%.

A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research note on Thursday. Argus raised their price target on JPMorgan Chase & Co. from $109.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Vining Sparks restated a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, January 12th. Bank of America set a $119.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Monday, January 15th. Finally, Deutsche Bank set a $96.00 price target on JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research note on Tuesday, January 16th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company. JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus target price of $105.81.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC raised its holdings in JPMorgan Chase & Co. by 517.3% during the second quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock worth $507,632,000 after purchasing an additional 4,654,113 shares during the last quarter. Stifel Financial Corp raised its holdings in JPMorgan Chase & Co. by 9,301.6% during the third quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock worth $415,662,000 after purchasing an additional 4,305,449 shares during the last quarter. Alliancebernstein L.P. raised its holdings in JPMorgan Chase & Co. by 29.2% during the second quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock worth $1,595,542,000 after purchasing an additional 3,945,948 shares during the last quarter. Vanguard Group Inc. raised its holdings in JPMorgan Chase & Co. by 1.5% during the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after purchasing an additional 3,717,683 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in JPMorgan Chase & Co. by 40.8% during the second quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock worth $892,886,000 after purchasing an additional 2,828,726 shares during the last quarter. 73.78% of the stock is owned by institutional investors and hedge funds.

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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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