JPMorgan Chase & Co. (NYSE:JPM) CEO Mary E. Erdoes sold 25,542 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $67.26, for a total value of $1,717,954.92. Following the sale, the chief executive officer now directly owns 291,080 shares of the company’s stock, valued at approximately $19,578,040.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at 67.70 on Wednesday. The stock’s 50 day moving average is $67.08 and its 200 day moving average is $64.19. The firm has a market cap of $244.50 billion, a price-to-earnings ratio of 11.47 and a beta of 1.54. JPMorgan Chase & Co. has a 12-month low of $52.50 and a 12-month high of $69.06.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.19. JPMorgan Chase & Co. had a net margin of 22.92% and a return on equity of 10.47%. The business had revenue of $25.50 billion for the quarter. During the same quarter last year, the company posted $1.54 EPS. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. Equities analysts expect that JPMorgan Chase & Co. will post $5.66 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 6th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.92 dividend on an annualized basis and a yield of 2.84%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 33.10%.

A number of research analysts have issued reports on JPM shares. Deutsche Bank AG reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 29th. Vetr raised JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $57.51 price target for the company in a report on Tuesday, July 5th. Wells Fargo & Co. reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, July 9th. Barclays PLC reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, July 9th. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, July 9th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have issued a buy rating to the company. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and an average target price of $72.38.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC bought a new position in shares of JPMorgan Chase & Co. during the first quarter worth approximately $107,000. Jackson Grant Investment Advisers Inc. increased its stake in JPMorgan Chase & Co. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,014 shares of the financial services provider’s stock worth $125,000 after buying an additional 14 shares in the last quarter. Vigilant Capital Management LLC increased its stake in JPMorgan Chase & Co. by 22.1% in the second quarter. Vigilant Capital Management LLC now owns 2,079 shares of the financial services provider’s stock worth $129,000 after buying an additional 376 shares in the last quarter. Perkins Coie Trust Co increased its stake in JPMorgan Chase & Co. by 10.2% in the second quarter. Perkins Coie Trust Co now owns 2,163 shares of the financial services provider’s stock worth $134,000 after buying an additional 200 shares in the last quarter. Finally, CT Financial Advisors LLC increased its stake in JPMorgan Chase & Co. by 4.2% in the third quarter. CT Financial Advisors LLC now owns 2,187 shares of the financial services provider’s stock worth $146,000 after buying an additional 89 shares in the last quarter. Institutional investors and hedge funds own 73.41% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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