Robin Leopold Sells 2,000 Shares of JPMorgan Chase & Co. (NYSE:JPM) Stock

JPMorgan Chase & Co. (NYSE:JPM) insider Robin Leopold sold 2,000 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $125.07, for a total value of $250,140.00. Following the sale, the insider now directly owns 19,031 shares of the company’s stock, valued at approximately $2,380,207.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

JPMorgan Chase & Co. Stock Up 1.2 %

Shares of JPM opened at $126.08 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.83 and a current ratio of 0.84. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $172.33. The stock has a market capitalization of $369.74 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 2.11 and a beta of 1.09. The stock has a 50 day moving average price of $114.10 and a 200 day moving average price of $117.89.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings results on Friday, October 14th. The financial services provider reported $3.12 EPS for the quarter, topping the consensus estimate of $2.95 by $0.17. The firm had revenue of $32.72 billion during the quarter, compared to analysts’ expectations of $31.88 billion. JPMorgan Chase & Co. had a return on equity of 14.52% and a net margin of 26.85%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.74 earnings per share. Equities research analysts forecast that JPMorgan Chase & Co. will post 11.61 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Wednesday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 33.78%.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ipswich Investment Management Co. Inc. lifted its stake in shares of JPMorgan Chase & Co. by 1.4% in the 1st quarter. Ipswich Investment Management Co. Inc. now owns 52,437 shares of the financial services provider’s stock valued at $7,148,000 after purchasing an additional 722 shares during the last quarter. Kiley Juergens Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 10.6% in the 1st quarter. Kiley Juergens Wealth Management LLC now owns 11,480 shares of the financial services provider’s stock valued at $1,565,000 after purchasing an additional 1,097 shares during the last quarter. Global Trust Asset Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 8.2% in the 1st quarter. Global Trust Asset Management LLC now owns 8,719 shares of the financial services provider’s stock valued at $1,189,000 after purchasing an additional 660 shares during the last quarter. Cantor Fitzgerald Investment Advisor L.P lifted its stake in shares of JPMorgan Chase & Co. by 81.1% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after purchasing an additional 99,636 shares during the last quarter. Finally, Family Legacy Inc. lifted its stake in shares of JPMorgan Chase & Co. by 0.8% in the 1st quarter. Family Legacy Inc. now owns 31,833 shares of the financial services provider’s stock valued at $4,339,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 68.57% of the company’s stock.

Analysts Set New Price Targets

JPM has been the subject of a number of research reports. Jefferies Financial Group set a $117.00 target price on JPMorgan Chase & Co. in a report on Monday, September 12th. UBS Group set a $124.00 price target on JPMorgan Chase & Co. in a research report on Tuesday, October 18th. Oppenheimer reduced their price target on JPMorgan Chase & Co. to $154.00 in a research report on Thursday, October 20th. BMO Capital Markets lifted their price target on JPMorgan Chase & Co. from $149.00 to $158.00 and gave the company a “market perform” rating in a research report on Monday, October 17th. Finally, Barclays set a $200.00 price target on JPMorgan Chase & Co. in a research report on Monday, July 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average target price of $144.90.

About JPMorgan Chase & Co.

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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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.