JPMorgan Chase & Co. (NYSE:JPM) Insider Sells $4,167,374.39 in Stock

JPMorgan Chase & Co. (NYSE:JPM) insider Elena A. Korablina sold 21,829 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the transaction, the insider now directly owns 6,484 shares in the company, valued at approximately $1,237,860.44. The transaction was disclosed in a filing with the SEC, which is available at this link.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM traded up $1.45 during trading on Monday, reaching $191.96. The company had a trading volume of 7,909,493 shares, compared to its average volume of 9,289,702. The stock’s fifty day moving average price is $191.58 and its 200 day moving average price is $172.82. JPMorgan Chase & Co. has a fifty-two week low of $133.13 and a fifty-two week high of $200.94. The firm has a market capitalization of $551.25 billion, a price-to-earnings ratio of 11.59, 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 current ratio of 0.92 and a quick ratio of 0.92.

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

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were given a $1.15 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Analyst Upgrades and Downgrades

JPM has been the topic of several research reports. Oppenheimer decreased their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Keefe, Bruyette & Woods increased their target price on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Jefferies Financial Group raised their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Piper Sandler cut 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 research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.05.

Institutional Trading of JPMorgan Chase & Co.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Etfidea LLC lifted its position in shares of JPMorgan Chase & Co. by 5.4% in the fourth quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 100 shares in the last quarter. TKG Advisors LLC lifted its position in JPMorgan Chase & Co. by 97.6% during the third quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider’s stock worth $1,915,000 after buying an additional 6,521 shares during the period. Sutton Place Investors LLC lifted its position in JPMorgan Chase & Co. by 179.5% during the fourth quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock worth $2,228,000 after buying an additional 8,412 shares during the period. Alley Investment Management Company LLC increased its stake in JPMorgan Chase & Co. by 0.4% during the third quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider’s stock worth $18,405,000 after acquiring an additional 530 shares during the last quarter. Finally, Allen Investment Management LLC increased its stake in JPMorgan Chase & Co. by 15.8% during the third quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider’s stock worth $25,341,000 after acquiring an additional 23,894 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Company Profile

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.