JPMorgan Chase & Co. (JPM) Director Acquires $1,998,360.00 in Stock

JPMorgan Chase & Co. (NYSE:JPM) Director Mellody L. Hobson acquired 18,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was purchased at an average price of $111.02 per share, for a total transaction of $1,998,360.00. Following the purchase, the director now owns 5,785 shares of the company’s stock, valued at approximately $642,250.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

JPMorgan Chase & Co. stock opened at $112.52 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.25. The stock has a market cap of $390.04 billion, a PE ratio of 12.50, a PEG ratio of 1.66 and a beta of 1.16. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.33. The company had revenue of $29.12 billion during the quarter, compared to analyst estimates of $27.95 billion. JPMorgan Chase & Co. had a net margin of 24.28% and a return on equity of 14.23%. During the same period in the prior year, the business posted $2.37 earnings per share. Sell-side analysts predict that JPMorgan Chase & Co. will post 10 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.84%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

A number of equities research analysts have issued reports on JPM shares. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Monday, April 8th. Morgan Stanley boosted their target price on shares of JPMorgan Chase & Co. from $124.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, April 15th. BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. from $116.00 to $118.00 and gave the stock a “market perform” rating in a report on Monday, April 15th. Barclays reissued a “buy” rating and issued a $140.00 target price on shares of JPMorgan Chase & Co. in a research note on Thursday, February 21st. Finally, Daiwa Capital Markets cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Friday, February 8th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $123.05.

Institutional investors have recently bought and sold shares of the company. C J Advisory Inc bought a new position in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $31,000. Financial Gravity Companies Inc. bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $36,000. Acima Private Wealth LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $38,000. Ellis Investment Partners LLC bought a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $43,000. Finally, Smart Portfolios LLC increased its position in shares of JPMorgan Chase & Co. by 29.6% during the fourth quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 114 shares in the last quarter. Institutional investors own 69.91% of the company’s stock.

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JPMorgan Chase & Co. Company Profile

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Insider Buying and Selling by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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