JPMorgan Chase & Co. (NYSE:JPM) Stock Price Down 1.6% on Insider Selling

JPMorgan Chase & Co. (NYSE:JPM) fell 1.6% during trading on Tuesday following insider selling activity. The company traded as low as $179.77 and last traded at $179.89. 4,443,416 shares were traded during trading, a decline of 52% from the average session volume of 9,254,145 shares. The stock had previously closed at $182.89.

Specifically, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The sale was disclosed in a filing with the SEC, which is available through this link. In other JPMorgan Chase & Co. news, CEO James Dimon sold 821,778 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the sale, the chief executive officer now owns 595,316 shares in the company, valued at approximately $108,782,092.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the sale, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on JPM shares. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Barclays increased their target price on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. BMO Capital Markets decreased their target price on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their target price for the company from $140.00 to $190.00 in a research report on Tuesday, January 9th. Finally, Morgan Stanley decreased their target price on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $192.05.

JPMorgan Chase & Co. Stock Down 1.2 %

The firm has a 50 day moving average price of $188.39 and a 200-day moving average price of $168.42. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The firm has a market cap of $518.87 billion, a PE ratio of 10.91, a PEG ratio of 2.32 and a beta of 1.15.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Thursday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several hedge funds and other institutional investors have recently made changes to their positions in JPM. Garrison Bradford & Associates Inc. purchased a new stake in JPMorgan Chase & Co. during the first quarter worth approximately $200,000. Opinicus Capital Inc. lifted its stake in JPMorgan Chase & Co. by 12.5% during the first quarter. Opinicus Capital Inc. now owns 19,068 shares of the financial services provider’s stock worth $3,819,000 after purchasing an additional 2,112 shares during the last quarter. Trifecta Capital Advisors LLC lifted its stake in JPMorgan Chase & Co. by 2.1% during the first quarter. Trifecta Capital Advisors LLC now owns 22,636 shares of the financial services provider’s stock worth $4,534,000 after purchasing an additional 472 shares during the last quarter. Viewpoint Capital Management LLC lifted its stake in JPMorgan Chase & Co. by 4.8% during the first quarter. Viewpoint Capital Management LLC now owns 6,804 shares of the financial services provider’s stock worth $1,363,000 after purchasing an additional 312 shares during the last quarter. Finally, Occidental Asset Management LLC lifted its stake in JPMorgan Chase & Co. by 28.8% during the first quarter. Occidental Asset Management LLC now owns 23,778 shares of the financial services provider’s stock worth $4,763,000 after purchasing an additional 5,318 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

About JPMorgan Chase & Co.

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 deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.