JPMorgan American (LON:JAM - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 969.93 ($13.06) and traded as high as GBX 1,008 ($13.57). JPMorgan American shares last traded at GBX 997.08 ($13.43), with a volume of 168,537 shares traded.
JPMorgan American Stock Performance
The firm has a 50-day moving average of GBX 969.93 and a 200-day moving average of GBX 1,048.88. The firm has a market capitalization of £1.81 billion, a P/E ratio of 4.33 and a beta of 0.65.
JPMorgan American (LON:JAM - Get Free Report) last posted its quarterly earnings results on Thursday, April 3rd. The company reported GBX 10.59 ($0.14) earnings per share for the quarter. JPMorgan American had a return on equity of 24.87% and a net margin of 97.58%.
JPMorgan American Increases Dividend
The business also recently announced a dividend, which was paid on Friday, May 30th. Investors of record on Thursday, April 17th were given a dividend of GBX 8.25 ($0.11) per share. The ex-dividend date of this dividend was Thursday, April 17th. This is an increase from JPMorgan American's previous dividend of $2.75. This represents a yield of 0.88%. JPMorgan American's payout ratio is 3.47%.
Insiders Place Their Bets
In other news, insider Claire Binyon acquired 1,249 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were purchased at an average cost of GBX 994 ($13.39) per share, for a total transaction of £12,415.06 ($16,718.37). Also, insider Colin Moore bought 8,000 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were purchased at an average price of GBX 947 ($12.75) per share, for a total transaction of £75,760 ($102,019.93). Insiders purchased a total of 11,249 shares of company stock worth $10,655,506 over the last quarter. 6.35% of the stock is currently owned by corporate 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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