JPMorgan Chase & Co. (NYSE:JPM) General Counsel Sells $1,755,811.68 in Stock

JPMorgan Chase & Co. (NYSE:JPM) General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the completion of the transaction, the general counsel now owns 36,520 shares of the company's stock, valued at approximately $9,703,729.20. This represents a 15.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Stacey Friedman also recently made the following trade(s):

• On Tuesday, May 20th, Stacey Friedman sold 2,821 shares of JPMorgan Chase & Co. stock. The shares were sold at an average price of $265.71, for a total value of $749,567.91.

JPMorgan Chase & Co. Trading Up 0.0%

Shares of NYSE:JPM traded up $0.10 during mid-day trading on Friday, reaching $260.77. 6,668,627 shares of the company's stock were exchanged, compared to its average volume of 9,576,625. The firm has a market capitalization of $724.70 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a twelve month low of $190.88 and a twelve month high of $280.25. The business's fifty day moving average price is $243.88 and its 200-day moving average price is $248.32. 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. (NYSE:JPM - Get Free Report) last announced its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.44 EPS. On average, research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be issued a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 2.15%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is presently 27.49%.

Analyst Ratings Changes

Several brokerages recently weighed in on JPM. KGI Securities assumed coverage on shares of JPMorgan Chase & Co. in a report on Sunday, April 13th. They issued a "hold" rating on the stock. Bank of America decreased their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Evercore ISI cut their price target 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. Royal Bank of Canada reissued an "outperform" rating and set a $285.00 price target (up from $255.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday. Finally, Morgan Stanley boosted their price target on shares of JPMorgan Chase & Co. from $235.00 to $236.00 and gave the company an "equal weight" rating in a report on Tuesday. Eleven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $266.20.

Institutional Trading of JPMorgan Chase & Co.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in JPMorgan Chase & Co. during the first quarter valued at $28,000. Redwood Park Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $29,000. University of Illinois Foundation bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $30,000. Curat Global LLC bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $33,000. Finally, Sellwood Investment Partners LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds 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.