Traders Sell Shares of JPMorgan Chase & Co. (JPM) on Strength Following Insider Selling

Traders sold shares of JPMorgan Chase & Co. (NYSE:JPM) on strength during trading on Wednesday following insider selling activity. $307.08 million flowed into the stock on the tick-up and $395.79 million flowed out of the stock on the tick-down, for a money net flow of $88.71 million out of the stock. Of all equities tracked, JPMorgan Chase & Co. had the 21st highest net out-flow for the day. JPMorgan Chase & Co. traded up $0.72 for the day and closed at $112.99Specifically, General Counsel Stacey Friedman sold 17,729 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $112.33, for a total value of $1,991,498.57. Following the completion of the transaction, the general counsel now owns 21,260 shares in the company, valued at approximately $2,388,135.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Peter Scher sold 17,057 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.20, for a total transaction of $1,913,795.40. Following the completion of the transaction, the executive vice president now owns 15,310 shares of the company’s stock, valued at approximately $1,717,782. The disclosure for this sale can be found here. Insiders sold 127,614 shares of company stock valued at $14,302,869 in the last three months. Company insiders own 0.88% of the company’s stock.

JPM has been the subject of a number of research reports. Robert W. Baird reiterated a “hold” rating and issued a $88.00 price objective on shares of JPMorgan Chase & Co. in a report on Thursday, September 21st. Deutsche Bank lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and raised their price objective for the company from $90.00 to $96.00 in a report on Tuesday, September 26th. Citigroup raised their price objective on shares of JPMorgan Chase & Co. from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, October 6th. Credit Suisse Group reiterated a “buy” rating and issued a $110.00 price objective (up previously from $103.00) on shares of JPMorgan Chase & Co. in a report on Monday, October 9th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $104.85.

The firm has a market cap of $392,040.00, a PE ratio of 17.71, a P/E/G ratio of 2.01 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.69 by $0.07. The company had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.71 EPS. sell-side analysts anticipate that JPMorgan Chase & Co. will post 8.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 35.11%.

Several hedge funds have recently made changes to their positions in JPM. Kohmann Bosshard Financial Services LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at $102,000. Welch Investments LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at $103,000. Legacy Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at $106,000. Atlantic Trust LLC acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at $136,000. Finally, Lipe & Dalton acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at $143,000. 73.78% of the stock is owned by institutional investors.

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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.

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