Shares of JPMorgan American (LON:JAM - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 956.92 ($12.88) and traded as high as GBX 991 ($13.33). JPMorgan American shares last traded at GBX 964 ($12.97), with a volume of 201,573 shares.
JPMorgan American Stock Performance
The firm's fifty day moving average is GBX 954.95 and its 200-day moving average is GBX 1,060.83. The company has a market capitalization of £1.79 billion, a P/E ratio of 4.28 and a beta of 0.65.
JPMorgan American (LON:JAM - Get Free Report) last released its quarterly earnings data on Thursday, April 3rd. The company reported GBX 10.59 ($0.14) 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 business also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, April 17th were given a dividend of GBX 8.25 ($0.11) per share. This is an increase from JPMorgan American's previous dividend of $2.75. This represents a dividend yield of 0.88%. The ex-dividend date was Thursday, April 17th. JPMorgan American's dividend payout ratio is currently 3.47%.
Insider Transactions at JPMorgan American
In other news, insider Colin Moore purchased 2,000 shares of the stock in a transaction on Wednesday, April 23rd. The shares were acquired at an average price of GBX 919 ($12.37) per share, for a total transaction of £18,380 ($24,730.89). 6.35% of the stock is owned by corporate insiders.
JPMorgan American Company Profile
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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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