Insider Selling: JPMorgan Chase & Co. (NYSE:JPM) Insider Sells 2,500 Shares

Key Points

• Insider sale: Robin Leopold sold 2,500 JPMorgan shares at an average price of $352.81, totaling $882,025, under a pre-arranged Rule 10b5-1 plan. Leopold retains 71,047 shares.
• Strong quarterly results: JPMorgan reported earnings of $6.14 per share, beating estimates of $5.59, while revenue reached $58.02 billion and rose 27.7% year over year.
• Analyst outlook remains positive: The stock has a consensus “Moderate Buy” rating with an average price target of $359.96, although shares recently traded down 0.4% at $353.38.

JPMorgan Chase & Co. (NYSE:JPM) insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the transaction, the insider directly owned 71,047 shares in the company, valued at $25,066,092.07. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 11th, Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock. The shares were sold at an average price of $361.41, for a total value of $903,525.00.

JPMorgan Chase & Co. Trading Down 0.4%

Shares of JPM traded down $1.33 during mid-day trading on Thursday, reaching $353.38. 4,140,463 shares of the company were exchanged, compared to its average volume of 9,291,858. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $366.50. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $939.34 billion, a PE ratio of 15.14, a PEG ratio of 1.45 and a beta of 0.98. The business has a 50 day simple moving average of $351.41 and a two-hundred day simple moving average of $321.57.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, topping analysts' consensus estimates of $5.59 by $0.55. The company had revenue of $58.02 billion for the quarter, compared to analyst estimates of $50.72 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The firm's quarterly revenue was up 27.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.96 earnings per share. On average, analysts predict that JPMorgan Chase & Co. will post 24.28 earnings per share for the current fiscal year.

JPMorgan Chase & Co. News Roundup

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: Strong earnings and dividend capacity: JPMorgan’s recent quarterly profit reached $16.9 billion, while the dividend represents a manageable portion of earnings, supporting the bank’s income appeal and potential for continued shareholder distributions. JPMorgan Earned $16.9 Billion in 1 Quarter
• Positive Sentiment: Business expansion continues: JPMorgan is expanding its European corporate-banking presence into Greece and plans a 25% staffing increase there, creating longer-term growth opportunities, although the immediate financial impact is expected to be limited. JPMorgan European Hiring Expansion
• Positive Sentiment: Asset-management demand: J.P. Morgan Asset Management closed its first U.S. net-lease fund with $1.1 billion in commitments, indicating solid demand for income-oriented investment products and potential fee revenue. J.P. Morgan Asset Management Net-Lease Fund

Wall Street Analysts Forecast Growth

JPM has been the subject of several recent analyst reports. Zacks Research upgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. UBS Group upped their price target on shares of JPMorgan Chase & Co. from $384.00 to $400.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. The Goldman Sachs Group reiterated a "buy" rating and set a $418.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. Robert W. Baird lifted their price objective on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 15th. Finally, Citigroup boosted their price objective on JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a "neutral" rating in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $359.96.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JPM. California State Teachers Retirement System increased its stake in JPMorgan Chase & Co. by 32,150.1% during the 2nd quarter. California State Teachers Retirement System now owns 1,332,841,934 shares of the financial services provider's stock valued at $436,279,150,000 after purchasing an additional 1,328,709,098 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of JPMorgan Chase & Co. by 6.1% in the 2nd quarter. Bank of America Corp DE now owns 69,666,753 shares of the financial services provider's stock worth $22,804,018,000 after acquiring an additional 4,006,293 shares during the last quarter. Morgan Stanley lifted its position in JPMorgan Chase & Co. by 1.4% in the 4th quarter. Morgan Stanley now owns 66,385,268 shares of the financial services provider's stock valued at $21,390,662,000 after acquiring an additional 939,421 shares in the last quarter. Norges Bank acquired a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $11,396,496,000. Finally, Bank of New York Mellon Corp boosted its stake in JPMorgan Chase & Co. by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 23,424,482 shares of the financial services provider's stock valued at $7,547,837,000 after purchasing an additional 1,194,583 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, payments, investment banking, asset management and wealth management services to consumers, businesses, institutional clients and governments.

The company operates through four primary business areas: Consumer & Community Banking; Commercial & Investment Banking; Asset & Wealth Management; and Corporate. Its offerings include deposit accounts, credit cards, mortgages, auto loans, business banking, commercial lending, treasury services, investment banking, securities trading, investment management and private banking.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across numerous international markets.

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