JPMorgan Chase & Co. (NYSE:JPM) Insider Robin Leopold Sells 1,250 Shares

JPMorgan Chase & Co. (NYSE:JPM) insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the sale, the insider now directly owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. This trade represents a 2.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

JPMorgan Chase & Co. Stock Down 1.0 %

Shares of JPM opened at $264.14 on Friday. The business’s 50 day moving average is $256.12 and its 200 day moving average is $235.20. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25. The company has a market capitalization of $738.56 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 2.83 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same quarter last year, the business posted $3.04 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Ascent Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 6.4% during the 4th quarter. Ascent Group LLC now owns 62,888 shares of the financial services provider’s stock worth $15,075,000 after acquiring an additional 3,761 shares in the last quarter. Putney Financial Group LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth $478,000. Aurdan Capital Management LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at $277,000. Perennial Advisors LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at $13,704,000. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $189,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on JPM. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a report on Friday, January 3rd. Citigroup boosted their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Finally, Barclays increased their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $251.78.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.