JPMorgan Chase & Co. (NYSE:JPM) Insider Sells $308,650.00 in Stock

JPMorgan Chase & Co. (NYSE:JPM) insider Robin Leopold sold 1,250 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the transaction, the insider now owns 49,127 shares in the company, valued at $12,130,438.84. This trade represents a 2.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Robin Leopold also recently made the following trade(s):

• On Thursday, February 20th, Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50.

JPMorgan Chase & Co. Stock Up 1.2 %

JPM opened at $250.99 on Wednesday. The stock’s 50 day moving average price is $258.02 and its 200 day moving average price is $239.98. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The stock has a market cap of $701.79 billion, a P/E ratio of 12.71, a P/E/G ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a 12 month low of $179.20 and a 12 month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $3.04 earnings per share. As a group, research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be paid a $1.40 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 28.37%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JPM. Principal Financial Group Inc. increased its position in shares of JPMorgan Chase & Co. by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider’s stock valued at $1,228,110,000 after purchasing an additional 182,648 shares during the period. United Bank boosted its stake in JPMorgan Chase & Co. by 2.5% during the third quarter. United Bank now owns 25,354 shares of the financial services provider’s stock valued at $5,346,000 after buying an additional 614 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in JPMorgan Chase & Co. by 20.5% during the third quarter. Fifth Third Wealth Advisors LLC now owns 90,288 shares of the financial services provider’s stock worth $19,038,000 after acquiring an additional 15,334 shares during the period. Equita Financial Network Inc. bought a new stake in JPMorgan Chase & Co. in the third quarter worth about $226,000. Finally, Princeton Capital Management LLC lifted its holdings in JPMorgan Chase & Co. by 0.9% in the 3rd quarter. Princeton Capital Management LLC now owns 10,710 shares of the financial services provider’s stock valued at $2,258,000 after acquiring an additional 94 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on JPM shares. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a report on Friday, January 3rd. Barclays boosted their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and upped their price target for the company from $215.00 to $220.00 in a research report on Friday, March 7th. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a report on Thursday, January 16th. Finally, Truist Financial increased their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $252.89.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.