JPMorgan American (LON:JAM - Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 958.37 ($13.05) and traded as high as GBX 1,020 ($13.89). JPMorgan American shares last traded at GBX 1,008 ($13.72), with a volume of 176,335 shares.
JPMorgan American Trading Down 0.4%
The firm has a market cap of £1.82 billion, a price-to-earnings ratio of 4.35 and a beta of 0.65. The stock has a fifty day moving average price of GBX 958.37 and a 200 day moving average price of GBX 1,054.72.
JPMorgan American (LON:JAM - Get Free Report) last announced its earnings results on Thursday, April 3rd. The company reported GBX 10.59 ($0.14) earnings per share (EPS) for the quarter. JPMorgan American had a net margin of 97.58% and a return on equity of 24.87%.
JPMorgan American Increases Dividend
The firm also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, April 17th were paid a dividend of GBX 8.25 ($0.11) per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a yield of 0.88%. This is an increase from JPMorgan American's previous dividend of $2.75. JPMorgan American's payout ratio is currently 3.47%.
Insider Activity at JPMorgan American
In related news, insider Colin Moore acquired 2,000 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average price of GBX 919 ($12.51) per share, for a total transaction of £18,380 ($25,023.83). Also, insider Claire Binyon acquired 1,249 shares of JPMorgan American stock in a transaction on Thursday, June 5th. The shares were purchased at an average cost of GBX 994 ($13.53) per share, for a total transaction of £12,415.06 ($16,902.74). Insiders have acquired a total of 11,249 shares of company stock valued at $10,655,506 over the last quarter. 6.35% of the stock is owned by company insiders.
About JPMorgan American
(
Get Free Report)
A local knows the best route
JPMorgan American Investment Trust plc aims to generate attractive long-term returns from the world's largest stock market by focusing on high quality companies that are also reasonably priced.
Key points:
Expertise - Our flagship US investment trust, managed by locally based specialist investors to provide core portfolio exposure to North American equities.
Portfolio - Managed for growth by focusing on quality companies that are reasonably priced.
Results - Broadly diversified across the S&P 500 index, with a focus on large cap stocks.
Why invest in this trust
The JPMorgan American Investment Trust plc is a large, actively managed investment trust investing in the core US stock market.
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