JPMorgan Chase & Co. (NYSE:JPM) Insider Sells $4,167,374.39 in Stock

JPMorgan Chase & Co. (NYSE:JPM) insider Elena A. Korablina sold 21,829 shares of the business's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the transaction, the insider now owns 6,484 shares in the company, valued at $1,237,860.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

JPMorgan Chase & Co. Trading Up 0.8 %

JPM traded up $1.45 during trading on Monday, hitting $191.96. 7,909,493 shares of the stock traded hands, compared to its average volume of 9,289,702. The firm has a market capitalization of $551.25 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a 50-day moving average of $191.58 and a 200 day moving average of $172.82. JPMorgan Chase & Co. has a 12-month low of $133.13 and a 12-month high of $200.94.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The firm had revenue of $41.93 billion during the quarter, compared to analysts' expectations of $40.90 billion. Equities research analysts anticipate that JPMorgan Chase & Co. will post 15.98 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.40%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.78%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on JPM. Jefferies Financial Group upped their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a "buy" rating in a research note on Monday, April 8th. Morgan Stanley decreased their target price on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an "overweight" rating on the stock in a report on Monday, April 15th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $185.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. BMO Capital Markets decreased their target price on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a "market perform" rating on the stock in a report on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and increased their price target for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.05.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Etfidea LLC increased its stake in JPMorgan Chase & Co. by 5.4% during the 4th quarter. Etfidea LLC now owns 1,937 shares of the financial services provider's stock valued at $329,000 after purchasing an additional 100 shares in the last quarter. TKG Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 97.6% in the third quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider's stock worth $1,915,000 after acquiring an additional 6,521 shares during the period. Sutton Place Investors LLC grew its stake in shares of JPMorgan Chase & Co. by 179.5% in the fourth quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider's stock worth $2,228,000 after acquiring an additional 8,412 shares during the period. Alley Investment Management Company LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.4% in the third quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider's stock worth $18,405,000 after buying an additional 530 shares during the last quarter. Finally, Allen Investment Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 15.8% in the third quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider's stock worth $25,341,000 after buying an additional 23,894 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

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