JPMorgan Chase & Co. (NYSE:JPM) CEO Sells $6,175,500.00 in Stock

JPMorgan Chase & Co. (NYSE:JPM) CEO Troy L. Rohrbaugh sold 25,000 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the completion of the sale, the chief executive officer now owns 133,381 shares of the company's stock, valued at $32,947,774.62. The trade was a 15.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

JPMorgan Chase & Co. Price Performance

NYSE JPM traded down $2.68 during trading hours on Thursday, reaching $248.35. 8,014,093 shares of the company's stock were exchanged, compared to its average volume of 8,884,992. The firm has a fifty day moving average of $257.99 and a 200-day moving average of $240.06. JPMorgan Chase & Co. has a one year low of $179.20 and a one year high of $280.25. The stock has a market cap of $694.41 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. 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. (NYSE:JPM - Get Free Report) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $42.77 billion for the quarter, compared to analysts' expectations of $41.90 billion. During the same quarter in the prior year, the business earned $3.04 earnings per share. The business's revenue for the quarter was up 10.9% on a year-over-year basis. On average, equities research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

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JPMorgan Chase & Co. Increases Dividend

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of JPMorgan Chase & Co. by 3.2% during the third quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider's stock worth $1,228,110,000 after buying an additional 182,648 shares during the last quarter. United Bank grew its holdings in JPMorgan Chase & Co. by 2.5% during the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider's stock worth $5,346,000 after acquiring an additional 614 shares during the period. Fifth Third Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 20.5% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 90,288 shares of the financial services provider's stock valued at $19,038,000 after acquiring an additional 15,334 shares during the last quarter. Equita Financial Network Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $226,000. Finally, Princeton Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 0.9% in the 3rd quarter. Princeton Capital Management LLC now owns 10,710 shares of the financial services provider's stock worth $2,258,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on JPM. Keefe, Bruyette & Woods lifted 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. Baird R W raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. Truist Financial increased their price objective on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a "hold" rating in a research report on Thursday, January 16th. Piper Sandler boosted their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 3rd. Finally, Wolfe Research raised shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target for the company in a report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $252.89.

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.