Insider Selling: JPMorgan Chase & Co. (NYSE:JPM) Insider Sells 1,250 Shares of Stock

JPMorgan Chase & Co. (NYSE:JPM) insider Robin Leopold sold 1,250 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the transaction, the insider now owns 49,127 shares in the company, valued at $12,130,438.84. The trade was a 2.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Robin Leopold also recently made the following trade(s):

• On Thursday, February 20th, Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock. The stock was sold at an average price of $270.09, for a total value of $337,612.50.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock traded down $2.68 during trading hours on Thursday, hitting $248.35. 8,014,093 shares of the company's stock were exchanged, compared to its average volume of 8,885,654. JPMorgan Chase & Co. has a fifty-two week low of $179.20 and a fifty-two week high of $280.25. The firm has a market cap of $694.41 billion, a P/E ratio of 12.58, a P/E/G ratio of 2.83 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The firm has a 50 day moving average of $257.88 and a two-hundred day moving average of $240.12.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $42.77 billion during the quarter, compared to analysts' expectations of $41.90 billion. During the same period in the prior year, the business posted $3.04 earnings per share. The firm's revenue for the quarter was up 10.9% on a year-over-year basis. Sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

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JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be issued a dividend of $1.40 per share. The ex-dividend date is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.25%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio is presently 28.37%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on JPM shares. Keefe, Bruyette & Woods raised their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a research note on Thursday, January 16th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price objective for the company in a research note on Friday, January 3rd. Truist Financial increased their price objective on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a "hold" rating in a research note on Thursday, January 16th. Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. Finally, Barclays upped their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and an average target price of $252.89.

Institutional Trading of JPMorgan Chase & Co.

A number of institutional investors have recently made changes to their positions in JPM. Redwood Park Advisors LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter valued at $29,000. Sellwood Investment Partners LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $34,000. Investment Counsel Co. of Nevada acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth about $37,000. Prudent Man Investment Management Inc. acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth about $43,000. Finally, Midwest Capital Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at about $43,000. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Company Profile

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.