JPMorgan Chase & Co. (NYSE:JPM) Director Sells $2,830,430.00 in Stock

Key Points

• Linda Bammann, a director at JPMorgan Chase & Co., sold $2,830,430 worth of stock, reducing her position by 10.36% to 82,207 shares.
• JPMorgan Chase & Co. reported earnings of $4.96 per share for the last quarter, surpassing analysts' estimates of $4.48, but quarterly revenue was down 10.5% year-over-year.
• The company has a market capitalization of $823.19 billion and currently holds an average price target of $288.68 from analysts, who have a rating average of "Moderate Buy".

JPMorgan Chase & Co. (NYSE:JPM) Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the sale, the director owned 82,207 shares of the company's stock, valued at $24,492,753.58. This trade represents a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

JPMorgan Chase & Co. Stock Performance

NYSE JPM traded down $2.05 on Tuesday, hitting $299.37. 7,218,937 shares of the stock traded hands, compared to its average volume of 9,717,768. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The business's fifty day moving average is $292.05 and its two-hundred day moving average is $265.36. JPMorgan Chase & Co. has a 12 month low of $200.61 and a 12 month high of $302.95. The firm has a market capitalization of $823.19 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 2.00 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The business had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. During the same period in the previous year, the business posted $6.12 EPS. The firm's quarterly revenue was down 10.5% compared to the same quarter last year. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

JPM has been the subject of several recent analyst reports. Citigroup set a $275.00 target price on JPMorgan Chase & Co. and gave the stock a "buy" rating in a research report on Monday, July 7th. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Piper Sandler reaffirmed an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Phillip Securities downgraded JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. Finally, HSBC reissued a "reduce" rating and issued a $259.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and an average price target of $288.68.

Institutional Trading of JPMorgan Chase & Co.

Several large investors have recently modified their holdings of JPM. PVG Asset Management Corp bought a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $226,000. Evolution Wealth Management Inc. bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at about $77,000. Prospera Capital Management LLC increased its stake in JPMorgan Chase & Co. by 2.9% in the 2nd quarter. Prospera Capital Management LLC now owns 2,462 shares of the financial services provider's stock worth $714,000 after acquiring an additional 69 shares during the last quarter. Stonebridge Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at $282,000. Finally, Tribridge Partners Financial LLC bought a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $345,000. Institutional investors own 71.55% of the company's stock.

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.

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