Traders Sell Shares of JPMorgan Chase & Co. (JPM) on Strength After Insider Selling

Traders sold shares of JPMorgan Chase & Co. (NYSE:JPM) on strength during trading hours on Wednesday after an insider sold shares in the company. $307.08 million flowed into the stock on the tick-up and $395.79 million flowed out of the stock on the tick-down, for a money net flow of $88.71 million out of the stock. Of all equities tracked, JPMorgan Chase & Co. had the 21st highest net out-flow for the day. JPMorgan Chase & Co. traded up $0.72 for the day and closed at $112.99Specifically, CEO Mary E. Erdoes sold 65,101 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total value of $7,307,587.25. Following the completion of the sale, the chief executive officer now owns 479,882 shares of the company’s stock, valued at approximately $53,866,754.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 2,099 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the sale, the general counsel now directly owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The disclosure for this sale can be found here. In the last three months, insiders sold 127,614 shares of company stock valued at $14,302,869. 0.88% of the stock is currently owned by insiders.

Several brokerages recently weighed in on JPM. Keefe, Bruyette & Woods reissued a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 11th. Deutsche Bank lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $90.00 to $96.00 in a report on Tuesday, September 26th. Vining Sparks reissued a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a report on Friday, January 12th. Robert W. Baird reissued a “hold” rating and issued a $88.00 price objective on shares of JPMorgan Chase & Co. in a report on Thursday, September 21st. Finally, Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. 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 stock. The company presently has an average rating of “Hold” and an average price target of $104.85.

The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. The firm has a market cap of $392,040.00, a price-to-earnings ratio of 17.71, a P/E/G ratio of 2.01 and a beta of 1.22.

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

The firm 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. This represents a $2.24 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 35.11%.

Several hedge funds and other institutional investors have recently modified their holdings of JPM. Private Vista LLC bought a new stake in JPMorgan Chase & Co. in the 2nd quarter worth approximately $102,000. Kohmann Bosshard Financial Services LLC bought a new stake in JPMorgan Chase & Co. in the 3rd quarter worth approximately $102,000. Welch Investments LLC bought a new stake in JPMorgan Chase & Co. in the 3rd quarter worth approximately $103,000. Legacy Advisors LLC bought a new stake in JPMorgan Chase & Co. in the 3rd quarter worth approximately $106,000. Finally, Atlantic Trust LLC bought a new stake in JPMorgan Chase & Co. in the 2nd quarter worth approximately $136,000. 73.78% of the stock is owned by institutional investors.

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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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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