JPMorgan Chase & Co. (NYSE:JPM) COO Jennifer Piepszak Sells 6,129 Shares

JPMorgan Chase & Co. (NYSE:JPM) COO Jennifer Piepszak sold 6,129 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total transaction of $1,536,908.04. Following the completion of the sale, the chief operating officer now owns 68,583 shares in the company, valued at approximately $17,197,873.08. The trade was a 8.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, March 24th, Jennifer Piepszak sold 4,272 shares of JPMorgan Chase & Co. stock. The shares were sold at an average price of $247.03, for a total transaction of $1,055,312.16.
• On Thursday, February 20th, Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. stock. The stock was sold at an average price of $269.85, for a total value of $1,153,069.05.

JPMorgan Chase & Co. Stock Down 0.1 %

JPMorgan Chase & Co. stock traded down $0.27 during midday trading on Friday, reaching $253.20. The stock had a trading volume of 5,002,971 shares, compared to its average volume of 9,619,310. The stock has a market capitalization of $704.65 billion, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The firm's fifty day simple moving average is $238.21 and its 200-day simple moving average is $245.32. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a 1-year low of $190.88 and a 1-year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same quarter in the previous year, the firm posted $4.44 earnings per share. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th were issued a $1.40 dividend. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Friday, April 4th. This represents a $5.60 annualized dividend and a dividend yield of 2.21%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

Institutional Trading of JPMorgan Chase & Co.

A number of hedge funds and other institutional investors have recently modified their holdings of JPM. Geode Capital Management LLC increased its position in JPMorgan Chase & Co. by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider's stock worth $14,161,171,000 after buying an additional 876,417 shares during the last quarter. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $8,310,884,000. Northern Trust Corp raised its stake in JPMorgan Chase & Co. by 15.4% in the 4th quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock valued at $8,113,147,000 after acquiring an additional 4,515,147 shares during the period. Bank of New York Mellon Corp lifted its holdings in JPMorgan Chase & Co. by 1.9% during the 1st quarter. Bank of New York Mellon Corp now owns 24,801,153 shares of the financial services provider's stock valued at $6,083,723,000 after purchasing an additional 454,226 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in JPMorgan Chase & Co. by 25,861.9% during the first quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock worth $5,778,289,000 after purchasing an additional 23,465,278 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on JPM shares. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a research report on Thursday, January 16th. Bank of America lowered their price target on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. KGI Securities assumed coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They issued a "hold" rating on the stock. Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $215.00 to $220.00 in a research report on Friday, March 7th. Finally, Evercore ISI cut their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $255.67.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.