JPMorgan Chase & Co. (NYSE:JPM) CEO Sells $3,078,225.70 in Stock

JPMorgan Chase & Co. (NYSE:JPM) CEO Mary E. Erdoes sold 15,895 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total transaction of $3,078,225.70. Following the completion of the sale, the chief executive officer now directly owns 585,898 shares of the company’s stock, valued at approximately $113,465,006.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

JPMorgan Chase & Co. Stock Up 1.0 %

Shares of JPM opened at $197.53 on Friday. The firm has a market cap of $567.24 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. JPMorgan Chase & Co. has a 52 week low of $133.13 and a 52 week high of $200.94. The firm’s 50-day simple moving average is $191.97 and its 200 day simple moving average is $173.32.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The company had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. On average, analysts forecast that JPMorgan Chase & Co. will post 15.98 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.33%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Analyst Ratings Changes

A number of research firms have weighed in on JPM. UBS Group reduced their price target on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Jefferies Financial Group increased their target price on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Evercore ISI boosted their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Royal Bank of Canada restated an “outperform” rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Finally, Piper Sandler lowered their target price on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in JPM. Wintrust Investments LLC grew its stake in shares of JPMorgan Chase & Co. by 0.6% in the first quarter. Wintrust Investments LLC now owns 47,661 shares of the financial services provider’s stock valued at $9,547,000 after acquiring an additional 266 shares in the last quarter. Cumberland Partners Ltd bought a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $445,000. Banco BTG Pactual S.A. grew its position in shares of JPMorgan Chase & Co. by 66.6% during the 1st quarter. Banco BTG Pactual S.A. now owns 14,738 shares of the financial services provider’s stock worth $2,935,000 after purchasing an additional 5,893 shares in the last quarter. Gratus Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 4.3% during the first quarter. Gratus Wealth Advisors LLC now owns 1,901 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 78 shares during the period. Finally, Dorsey & Whitney Trust CO LLC raised its position in shares of JPMorgan Chase & Co. by 0.8% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 90,789 shares of the financial services provider’s stock valued at $18,185,000 after buying an additional 704 shares in the last quarter. 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.