JPMorgan Chase & Co. (NYSE:JPM) General Counsel Stacey Friedman Sells 3,303 Shares of Stock

JPMorgan Chase & Co. (NYSE:JPM) General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $259.46 on Friday. The company has a market cap of $730.47 billion, a P/E ratio of 14.44, a PEG ratio of 3.16 and a beta of 1.11. The firm has a fifty day moving average price of $243.06 and a 200 day moving average price of $223.93. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 12 month low of $165.24 and a 12 month high of $260.62.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company earned $3.04 EPS. Sell-side analysts predict that JPMorgan Chase & Co. will post 17.46 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 25.33%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on JPM shares. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Keefe, Bruyette & Woods increased their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $251.78.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of JPM. Eagle Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock worth $4,423,000 after purchasing an additional 84 shares in the last quarter. Fiera Capital Corp increased its position in JPMorgan Chase & Co. by 1.7% during the second quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock worth $756,000 after buying an additional 63 shares during the period. PFG Advisors lifted its stake in JPMorgan Chase & Co. by 1.7% in the second quarter. PFG Advisors now owns 37,494 shares of the financial services provider’s stock valued at $7,584,000 after buying an additional 623 shares during the last quarter. Wealthgarden F.S. LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $631,000. Finally, Lansing Street Advisors grew its position in shares of JPMorgan Chase & Co. by 7.2% during the second quarter. Lansing Street Advisors now owns 2,112 shares of the financial services provider’s stock worth $427,000 after acquiring an additional 142 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.