J P Morgan Chase & Co (NYSE:JPM) General Counsel Sells $214,014.04 in Stock

J P Morgan Chase & Co (NYSE:JPM) General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the sale, the general counsel now owns 15,279 shares in the company, valued at $1,557,846.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, August 21st, Stacey Friedman sold 9,968 shares of J P Morgan Chase & Co stock. The shares were sold at an average price of $90.55, for a total value of $902,602.40.

Shares of J P Morgan Chase & Co (NYSE:JPM) traded down $0.12 on Friday, reaching $97.51. The company’s stock had a trading volume of 9,312,400 shares, compared to its average volume of 14,005,554. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. J P Morgan Chase & Co has a 1-year low of $75.77 and a 1-year high of $102.42. The stock has a market cap of $338,662.59, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 2.12 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The business had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 billion. During the same period last year, the business posted $1.58 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. equities analysts expect that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.30%. This is an increase from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, October 5th. J P Morgan Chase & Co’s dividend payout ratio (DPR) is currently 32.28%.

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JPM has been the subject of several recent research reports. Barclays PLC lifted their price target on J P Morgan Chase & Co from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Keefe, Bruyette & Woods set a $96.00 price target on J P Morgan Chase & Co and gave the company a “hold” rating in a research report on Saturday, August 19th. Credit Suisse Group reiterated a “buy” rating and issued a $110.00 price target (up from $103.00) on shares of J P Morgan Chase & Co in a research report on Monday, October 9th. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of J P Morgan Chase & Co in a research report on Thursday, October 12th. Finally, Morgan Stanley boosted their target price on J P Morgan Chase & Co from $99.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the company. J P Morgan Chase & Co has an average rating of “Hold” and an average target price of $91.83.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zeke Capital Advisors LLC lifted its holdings in shares of J P Morgan Chase & Co by 61.3% during the 3rd quarter. Zeke Capital Advisors LLC now owns 64,325 shares of the financial services provider’s stock valued at $6,144,000 after buying an additional 24,444 shares during the period. Amalgamated Bank lifted its holdings in shares of J P Morgan Chase & Co by 1.7% during the 3rd quarter. Amalgamated Bank now owns 406,057 shares of the financial services provider’s stock valued at $38,783,000 after buying an additional 6,944 shares during the period. Farr Miller & Washington LLC DC lifted its holdings in shares of J P Morgan Chase & Co by 1.3% during the 3rd quarter. Farr Miller & Washington LLC DC now owns 303,368 shares of the financial services provider’s stock valued at $28,975,000 after buying an additional 3,816 shares during the period. Twin Capital Management Inc. lifted its holdings in shares of J P Morgan Chase & Co by 6.1% during the 3rd quarter. Twin Capital Management Inc. now owns 303,210 shares of the financial services provider’s stock valued at $28,960,000 after buying an additional 17,418 shares during the period. Finally, Folger Nolan Fleming Douglas Capital Management Inc. lifted its holdings in shares of J P Morgan Chase & Co by 0.6% during the 3rd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 92,354 shares of the financial services provider’s stock valued at $8,821,000 after buying an additional 518 shares during the period. 77.94% of the stock is currently owned by hedge funds and other institutional investors.

About J P Morgan Chase & Co

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 J P Morgan Chase & Co (NYSE:JPM)

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