JPMorgan Chase & Co. (NYSE:JPM) CEO Mary E. Erdoes Sells 10,340 Shares

JPMorgan Chase & Co. (NYSE:JPM) CEO Mary E. Erdoes sold 10,340 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total value of $1,450,598.60. Following the sale, the chief executive officer now directly owns 544,136 shares in the company, valued at approximately $76,336,839.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

JPMorgan Chase & Co. Trading Down 1.5 %

NYSE JPM opened at $140.80 on Wednesday. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $159.03. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $413.00 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 2.23 and a beta of 1.13. The firm’s fifty day simple moving average is $134.48 and its 200-day simple moving average is $122.32.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.43. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The business had revenue of $34.55 billion for the quarter, compared to the consensus estimate of $34.23 billion. During the same period in the prior year, the business posted $3.33 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 18.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 12.81 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 Tuesday, January 31st. Stockholders 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 dividend yield of 2.84%. The ex-dividend date is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.11%.

Hedge Funds Weigh In On JPMorgan Chase & Co.

A number of hedge funds have recently modified their holdings of the stock. Homestead Advisers Corp increased its position in JPMorgan Chase & Co. by 1.0% during the second quarter. Homestead Advisers Corp now owns 1,165,236 shares of the financial services provider’s stock worth $131,217,000 after buying an additional 11,000 shares during the last quarter. Total Clarity Wealth Management Inc. increased its position in JPMorgan Chase & Co. by 3.7% during the second quarter. Total Clarity Wealth Management Inc. now owns 11,430 shares of the financial services provider’s stock worth $1,287,000 after buying an additional 407 shares during the last quarter. Handelsbanken Fonder AB increased its position in JPMorgan Chase & Co. by 2.0% during the second quarter. Handelsbanken Fonder AB now owns 621,950 shares of the financial services provider’s stock worth $70,038,000 after buying an additional 12,411 shares during the last quarter. Ballentine Partners LLC increased its position in JPMorgan Chase & Co. by 12.4% during the third quarter. Ballentine Partners LLC now owns 51,929 shares of the financial services provider’s stock worth $5,427,000 after buying an additional 5,719 shares during the last quarter. Finally, TruWealth Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 8.5% during the second quarter. TruWealth Advisors LLC now owns 106,871 shares of the financial services provider’s stock valued at $12,035,000 after acquiring an additional 8,332 shares during the period. 67.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. UBS Group set a $156.00 target price on JPMorgan Chase & Co. in a report on Friday, January 13th. Citigroup boosted their target price on JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday. Oppenheimer upped their price target on JPMorgan Chase & Co. from $169.00 to $177.00 and gave the company an “outperform” rating in a report on Tuesday. StockNews.com assumed coverage on JPMorgan Chase & Co. in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, The Goldman Sachs Group dropped their price target on JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating on the stock in a 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.89.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.