Insider Buying: JPMorgan Chase & Co. (JPM) Director Acquires 7,280 Shares of Stock
JPMorgan Chase & Co. (NYSE:JPM) Director James S. Crown acquired 7,280 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were acquired at an average cost of $113.37 per share, with a total value of $825,333.60. Following the acquisition, the director now directly owns 305,875 shares of the company’s stock, valued at approximately $34,677,048.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
JPMorgan Chase & Co. (NYSE JPM) traded up $0.10 during trading hours on Friday, reaching $113.36. The company had a trading volume of 6,136,472 shares, compared to its average volume of 14,000,000. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a one year low of $81.64 and a one year high of $114.34. The company has a market cap of $393,220.00, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The firm had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. During the same quarter in the previous year, the company posted $1.71 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. research analysts anticipate that JPMorgan Chase & Co. will post 8.65 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be given a $0.56 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 1.98%. JPMorgan Chase & Co.’s payout ratio is currently 35.11%.
Several research analysts have recently commented on JPM shares. Vetr lowered JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price objective for the company. in a report on Wednesday, January 10th. Credit Suisse Group raised JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price objective for the company in a report on Friday, January 5th. Vining Sparks reissued a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a report on Friday, January 12th. Bank of America set a $102.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, Oppenheimer reissued a “hold” rating on shares of JPMorgan Chase & Co. in a report on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $105.81.
Hedge funds have recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC bought a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $102,000. Welch Investments LLC bought a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $103,000. Legacy Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $106,000. Atlantic Trust LLC bought a new position in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $136,000. Finally, Lipe & Dalton bought a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $143,000. Hedge funds and other institutional investors own 73.78% of the company’s stock.
TRADEMARK VIOLATION WARNING: This piece of content was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.watchlistnews.com/insider-buying-jpmorgan-chase-co-jpm-director-acquires-7280-shares-of-stock/1813896.html.
About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.