JPMorgan Chase & Co. (JPM) CFO Marianne Lake Sells 9,194 Shares

JPMorgan Chase & Co. (NYSE:JPM) CFO Marianne Lake sold 9,194 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total value of $1,031,750.68. Following the completion of the transaction, the chief financial officer now directly owns 49,637 shares in the company, valued at $5,570,264.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

JPMorgan Chase & Co. (JPM) traded up $0.72 during midday trading on Wednesday, hitting $112.99. The stock had a trading volume of 14,937,613 shares, compared to its average volume of 14,460,000. The company has a market capitalization of $392,040.00, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 2.01 and a beta of 1.22. JPMorgan Chase & Co. has a 52-week low of $81.64 and a 52-week high of $113.43. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The firm had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.71 earnings per share. equities analysts expect that JPMorgan Chase & Co. will post 8.41 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 1.98%. JPMorgan Chase & Co.’s dividend payout ratio is 35.11%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Vista LLC bought a new stake in JPMorgan Chase & Co. during the second quarter worth $102,000. Kohmann Bosshard Financial Services LLC bought a new stake in JPMorgan Chase & Co. during the third quarter worth $102,000. Welch Investments LLC bought a new stake in JPMorgan Chase & Co. during the third quarter worth $103,000. Legacy Advisors LLC bought a new stake in JPMorgan Chase & Co. during the third quarter worth $106,000. Finally, Atlantic Trust LLC bought a new stake in JPMorgan Chase & Co. during the second quarter worth $136,000. Hedge funds and other institutional investors own 73.78% of the company’s stock.

A number of equities analysts recently commented on the company. Deutsche Bank set a $96.00 price objective on JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research note on Tuesday. UBS Group reaffirmed a “buy” rating and issued a $125.00 price objective (up from $119.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday. Wells Fargo & Co set a $130.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Wednesday. DZ Bank raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Jefferies Group set a $111.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $104.85.

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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.

Insider Buying and Selling by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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