JPMorgan Chase & Co. (NYSE:JPM) CFO Marianne Lake sold 9,194 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total value of $1,031,750.68. Following the completion of the sale, the chief financial officer now directly owns 49,637 shares of the company’s stock, valued at approximately $5,570,264.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
JPMorgan Chase & Co. (NYSE:JPM) opened at $112.99 on Thursday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. The company has a market capitalization of $392,040.00, a P/E ratio of 17.71, a P/E/G ratio of 2.00 and a beta of 1.22. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $113.43.
JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 11.63% and a net margin of 21.46%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.71 earnings per share. research analysts expect that JPMorgan Chase & Co. will post 8.41 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be issued a dividend of $0.56 per share. The ex-dividend date is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.98%. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.11%.
A number of analysts have recently weighed in on JPM shares. Robert W. Baird reissued a “hold” rating and set a $88.00 price objective on shares of JPMorgan Chase & Co. in a research note on Thursday, September 21st. Deutsche Bank lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and increased their price objective for the company from $90.00 to $96.00 in a research note on Tuesday, September 26th. Citigroup increased their price objective on JPMorgan Chase & Co. from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, October 6th. Credit Suisse Group reissued a “buy” rating and set a $110.00 price objective (up previously from $103.00) on shares of JPMorgan Chase & Co. in a research note on Monday, October 9th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company’s stock. JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus price target of $104.85.
Several institutional investors have recently made changes to their positions in JPM. Private Vista LLC bought a new position in JPMorgan Chase & Co. in the second quarter worth $102,000. Kohmann Bosshard Financial Services LLC bought a new position in JPMorgan Chase & Co. in the third quarter worth $102,000. Welch Investments LLC bought a new position in JPMorgan Chase & Co. in the third quarter worth $103,000. Legacy Advisors LLC bought a new position in JPMorgan Chase & Co. in the third quarter worth $106,000. Finally, Atlantic Trust LLC bought a new position in JPMorgan Chase & Co. in the second quarter worth $136,000. Institutional investors own 73.78% of the company’s stock.
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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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