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Jennifer Piepszak Sells 4,919 Shares of JPMorgan Chase & Co. (NYSE:JPM) Stock

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Key Points

  • JPMorgan COO Jennifer Piepszak sold 4,919 shares on May 5 at an average price of $309.42 for about $1.52M under a pre‑arranged Rule 10b5‑1 plan, cutting her stake to 85,082 shares (a 5.47% decrease).
  • JPMorgan beat quarterly estimates with $5.94 EPS vs. $5.50 expected and $50.54B in revenue vs. $48.30B expected, and the stock traded around $309.43 (up ~0.6%); the firm also pays an annualized dividend of $6.00 (yield ~1.9%).
  • Positive company developments — including leading a roughly $13B Meta data‑center financing, senior hires to grow alternatives, and Gen‑Z product rollouts — plus supportive analyst actions underpin a consensus "Moderate Buy" and an average price target near $337.
  • Five stocks we like better than JPMorgan Chase & Co..

JPMorgan Chase & Co. (NYSE:JPM) COO Jennifer Piepszak sold 4,919 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total transaction of $1,522,036.98. Following the completion of the transaction, the chief operating officer owned 85,082 shares in the company, valued at $26,326,072.44. This represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jennifer Piepszak also recently made the following trade(s):

  • On Wednesday, April 15th, Jennifer Piepszak sold 9,136 shares of JPMorgan Chase & Co. stock. The stock was sold at an average price of $306.56, for a total transaction of $2,800,732.16.

JPMorgan Chase & Co. Stock Up 0.6%

Shares of NYSE:JPM traded up $1.78 during midday trading on Tuesday, reaching $309.43. 6,309,287 shares of the company were exchanged, compared to its average volume of 10,393,046. JPMorgan Chase & Co. has a fifty-two week low of $248.83 and a fifty-two week high of $337.25. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.30. The stock has a fifty day simple moving average of $299.19 and a two-hundred day simple moving average of $307.06. The firm has a market cap of $829.95 billion, a PE ratio of 14.82, a P/E/G ratio of 1.52 and a beta of 1.03.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.50 by $0.44. The firm had revenue of $50.54 billion for the quarter, compared to analyst estimates of $48.30 billion. JPMorgan Chase & Co. had a net margin of 20.66% and a return on equity of 17.54%. The company's revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $5.07 EPS. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 22.42 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Monday, April 6th were issued a $1.50 dividend. The ex-dividend date of this dividend was Monday, April 6th. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. JPMorgan Chase & Co.'s payout ratio is currently 28.74%.

Institutional Trading of JPMorgan Chase & Co.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC increased its stake in shares of JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after acquiring an additional 4,841 shares in the last quarter. Acorns Advisers LLC boosted its holdings in shares of JPMorgan Chase & Co. by 6.9% during the 1st quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider's stock valued at $379,000 after acquiring an additional 100 shares during the last quarter. Ignite Planners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.7% during the 2nd quarter. Ignite Planners LLC now owns 10,934 shares of the financial services provider's stock valued at $3,185,000 after acquiring an additional 78 shares during the last quarter. Jump Financial LLC bought a new position in shares of JPMorgan Chase & Co. in the 2nd quarter worth approximately $1,475,000. Finally, Betterment LLC lifted its stake in shares of JPMorgan Chase & Co. by 27.5% in the 2nd quarter. Betterment LLC now owns 1,970 shares of the financial services provider's stock worth $571,000 after purchasing an additional 425 shares during the period. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. News Roundup

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

Wall Street Analysts Forecast Growth

JPM has been the subject of several analyst reports. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Sunday, January 18th. Wells Fargo & Company decreased their price target on shares of JPMorgan Chase & Co. from $360.00 to $350.00 and set an "overweight" rating for the company in a research report on Tuesday, February 17th. HSBC upped their price target on shares of JPMorgan Chase & Co. from $288.00 to $312.00 and gave the company a "hold" rating in a research report on Monday. Freedom Capital upgraded shares of JPMorgan Chase & Co. to a "hold" rating in a research report on Wednesday, January 14th. Finally, Robert W. Baird set a $295.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, April 15th. Fifteen analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and an average price target of $337.12.

Read Our Latest Research Report on JPM

JPMorgan Chase & Co. Company Profile

(Get Free Report)

JPMorgan Chase & Co NYSE: JPM is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm's principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

See Also

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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