Stacey Friedman Sells 6,608 Shares of JPMorgan Chase & Co. (NYSE:JPM) Stock

JPMorgan Chase & Co. (NYSE:JPM) General Counsel Stacey Friedman sold 6,608 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $1,755,811.68. Following the completion of the sale, the general counsel now owns 36,520 shares of the company's stock, valued at $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $265.71, for a total value of $749,567.91.

JPMorgan Chase & Co. Trading Up 0.3%

NYSE JPM traded up $0.67 during trading on Tuesday, hitting $265.55. The stock had a trading volume of 8,429,221 shares, compared to its average volume of 9,652,564. The company has a market capitalization of $737.99 billion, a PE ratio of 13.45, a PEG ratio of 2.83 and a beta of 1.07. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The firm has a 50 day moving average price of $241.45 and a 200 day moving average price of $247.55. JPMorgan Chase & Co. has a twelve month low of $190.88 and a twelve month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $43.62 billion. During the same quarter last year, the firm posted $4.44 earnings per share. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be paid a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 2.11%. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Evercore ISI reduced their price target on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. UBS Group boosted their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Cowen began coverage on shares of JPMorgan Chase & Co. in a research report on Wednesday, May 14th. They set a "buy" rating on the stock. Piper Sandler upped their price objective on JPMorgan Chase & Co. from $260.00 to $295.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Truist Financial set a $261.00 price objective on JPMorgan Chase & Co. in a research report on Monday, April 14th. Eleven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $266.20.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Disciplined Investments LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $217,000. LGT Group Foundation grew its position in JPMorgan Chase & Co. by 2.8% in the 4th quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock valued at $126,040,000 after buying an additional 14,300 shares during the last quarter. Kinsale Capital Group Inc. increased its stake in JPMorgan Chase & Co. by 11.1% in the 4th quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider's stock valued at $10,483,000 after buying an additional 4,375 shares during the period. Jag Capital Management LLC raised its position in JPMorgan Chase & Co. by 10.5% during the 4th quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock worth $353,000 after buying an additional 140 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in JPMorgan Chase & Co. by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock worth $938,491,000 after purchasing an additional 319,730 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.