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 business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the completion of the transaction, the insider now directly owns 6,484 shares in the company, valued at $1,237,860.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $195.63 on Thursday. JPMorgan Chase & Co. has a 52 week low of $133.13 and a 52 week high of $200.94. The firm’s 50-day simple moving average is $191.74 and its two-hundred day simple moving average is $173.16. The firm has a market cap of $561.78 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 2.38 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. The business had revenue of $41.93 billion during the quarter, compared to the consensus estimate 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 analysts forecast that JPMorgan Chase & Co. will post 15.98 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $6,016,878,000. International Assets Investment Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $1,017,893,000. Wellington Management Group LLP increased its holdings in shares of JPMorgan Chase & Co. by 12.2% in the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after purchasing an additional 4,603,090 shares during the period. Capital International Investors raised its position in shares of JPMorgan Chase & Co. by 5.4% in the fourth quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock worth $7,062,094,000 after buying an additional 2,128,478 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in JPMorgan Chase & Co. during the third quarter valued at $253,076,000. Institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Piper Sandler decreased their target price on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Finally, Oppenheimer cut their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $192.05.

About JPMorgan Chase & Co.

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.