Marianne Lake Sells 9,194 Shares of JPMorgan Chase & Co. (NYSE:JPM) Stock

JPMorgan Chase & Co. (NYSE:JPM) CFO Marianne Lake sold 9,194 shares of the company’s stock in a transaction dated 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 the SEC website.

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up $2.16 during midday trading on Friday, reaching $110.04. The company’s stock had a trading volume of 28,113,646 shares, compared to its average volume of 16,410,000. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The company has a market cap of $381,810.00, a price-to-earnings ratio of 17.25, a P/E/G ratio of 1.86 and a beta of 1.22. JPMorgan Chase & Co. has a 52-week low of $81.64 and a 52-week high of $117.35.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The firm had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. During the same period last year, the company posted $1.71 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. analysts predict that JPMorgan Chase & Co. will post 8.85 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were given a dividend of $0.56 per share. The ex-dividend date was Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.04%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.11%.

Several large investors have recently made changes to their positions in the company. Janus Henderson Group PLC raised its holdings in shares of JPMorgan Chase & Co. by 517.3% during the second quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock worth $507,632,000 after acquiring an additional 4,654,113 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of JPMorgan Chase & Co. by 9,301.6% during the third quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock worth $415,662,000 after acquiring an additional 4,305,449 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of JPMorgan Chase & Co. by 29.2% during the second quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock worth $1,595,542,000 after acquiring an additional 3,945,948 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of JPMorgan Chase & Co. by 1.5% during the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after acquiring an additional 3,717,683 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of JPMorgan Chase & Co. by 40.8% during the second quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock worth $892,886,000 after acquiring an additional 2,828,726 shares in the last quarter. Institutional investors own 73.82% of the company’s stock.

Several research analysts recently commented on the company. ValuEngine upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vining Sparks restated a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a research note on Friday, January 12th. Vetr upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $105.98 price objective on the stock in a research note on Monday. Royal Bank of Canada restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Friday, December 8th. Finally, Buckingham Research upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the stock. JPMorgan Chase & Co. has an average rating of “Hold” and an average target price of $107.42.

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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.

Insider Buying and Selling by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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