Insider Buying: JPMorgan Chase & Co. (NYSE:JPM) Director Buys 1,700 Shares of Stock

JPMorgan Chase & Co. (NYSE:JPM) Director Mellody L. Hobson bought 1,700 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were acquired at an average cost of $114.26 per share, for a total transaction of $194,242.00. Following the completion of the transaction, the director now owns 7,485 shares of the company’s stock, valued at approximately $855,236.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

JPM stock traded down $0.01 during midday trading on Friday, reaching $112.51. The company had a trading volume of 13,188,966 shares, compared to its average volume of 11,275,966. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $119.24. The company has a market cap of $386.16 billion, a P/E ratio of 12.50, a PEG ratio of 1.61 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, April 12th. The financial services provider reported $2.65 EPS for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.33. JPMorgan Chase & Co. had a return on equity of 14.23% and a net margin of 24.28%. The company had revenue of $29.12 billion during the quarter, compared to the consensus estimate of $27.95 billion. During the same period in the previous year, the firm posted $2.37 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 10 EPS for the current fiscal year.

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

JPM has been the topic of a number of analyst reports. Barclays reaffirmed a “buy” rating and set a $140.00 target price on shares of JPMorgan Chase & Co. in a research report on Thursday, February 21st. Zacks Investment Research lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Monday, April 8th. BMO Capital Markets lowered their price objective on JPMorgan Chase & Co. from $124.00 to $123.00 and set a “market perform” rating for the company in a report on Wednesday, January 16th. Daiwa Capital Markets lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Friday, February 8th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $130.00 price objective (up from $121.00) on shares of JPMorgan Chase & Co. in a report on Thursday, February 14th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $123.05.

Hedge funds and other institutional investors have recently modified their holdings of the company. Cahaba Wealth Management Inc. acquired a new stake in JPMorgan Chase & Co. in the third quarter worth approximately $200,000. Waverton Investment Management Ltd lifted its position in JPMorgan Chase & Co. by 30.5% in the third quarter. Waverton Investment Management Ltd now owns 930,878 shares of the financial services provider’s stock worth $105,040,000 after purchasing an additional 217,731 shares during the period. CENTRAL TRUST Co lifted its position in JPMorgan Chase & Co. by 0.7% in the third quarter. CENTRAL TRUST Co now owns 180,342 shares of the financial services provider’s stock worth $20,350,000 after purchasing an additional 1,233 shares during the period. Cibc Bank USA lifted its position in JPMorgan Chase & Co. by 8.2% in the third quarter. Cibc Bank USA now owns 41,274 shares of the financial services provider’s stock worth $4,658,000 after purchasing an additional 3,131 shares during the period. Finally, Barometer Capital Management Inc. lifted its position in JPMorgan Chase & Co. by 120.8% in the third quarter. Barometer Capital Management Inc. now owns 191,135 shares of the financial services provider’s stock worth $21,568,000 after purchasing an additional 104,585 shares during the period. Institutional investors and hedge funds own 69.91% of the company’s stock.

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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 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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