JPMorgan American (LON:JAM - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 979.99 ($13.47) and traded as high as GBX 1,024 ($14.07). JPMorgan American shares last traded at GBX 1,022 ($14.04), with a volume of 128,745 shares.
JPMorgan American Stock Up 0.6%
The firm has a market capitalization of £1.86 billion, a P/E ratio of 4.45 and a beta of 0.65. The company's 50 day moving average is GBX 985.13 and its 200-day moving average is GBX 1,040.71.
JPMorgan American (LON:JAM - Get Free Report) last released its quarterly earnings data on Thursday, April 3rd. The company reported GBX 10.59 ($0.15) earnings per share 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 disclosed a dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, April 17th were paid a GBX 8.25 ($0.11) dividend. This represents a dividend yield of 0.88%. This is a positive change from JPMorgan American's previous dividend of $2.75. The ex-dividend date was Thursday, April 17th. JPMorgan American's dividend payout ratio (DPR) is 3.47%.
Insiders Place Their Bets
In other JPMorgan American news, insider Colin Moore acquired 8,000 shares of the company's stock in a transaction on Monday, April 14th. The shares were purchased at an average cost of GBX 947 ($13.01) per share, with a total value of £75,760 ($104,108.84). Also, insider Claire Binyon acquired 1,249 shares of the company's stock in a transaction on Thursday, June 5th. The stock was acquired at an average cost of GBX 994 ($13.66) per share, for a total transaction of £12,415.06 ($17,060.68). Insiders acquired 11,249 shares of company stock worth $10,655,506 over the last ninety days. Insiders own 6.35% of the company's stock.
About JPMorgan American
(
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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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