JPMorgan Chase & Co. (JPM) CEO Douglas B. Petno Sells 18,303 Shares

JPMorgan Chase & Co. (NYSE:JPM) CEO Douglas B. Petno sold 18,303 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $109.74, for a total value of $2,008,571.22. Following the completion of the sale, the chief executive officer now owns 259,386 shares of the company’s stock, valued at approximately $28,465,019.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Douglas B. Petno also recently made the following trade(s):

  • On Tuesday, January 29th, Douglas B. Petno sold 11,659 shares of JPMorgan Chase & Co. stock. The stock was sold at an average price of $105.00, for a total value of $1,224,195.00.

Shares of NYSE:JPM traded up $1.16 during trading on Tuesday, hitting $111.10. The stock had a trading volume of 11,005,963 shares, compared to its average volume of 13,841,590. JPMorgan Chase & Co. has a 12 month low of $91.11 and a 12 month high of $119.24. The firm has a market capitalization of $381.67 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.64 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.00 and a current ratio of 1.00.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.33. JPMorgan Chase & Co. had a return on equity of 14.23% and a net margin of 24.28%. The firm had revenue of $29.12 billion during the quarter, compared to analyst estimates of $27.95 billion. During the same quarter in the prior year, the company earned $2.37 EPS. On average, equities analysts forecast that JPMorgan Chase & Co. will post 9.68 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

Large investors have recently made changes to their positions in the company. Financial Gravity Companies Inc. bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at approximately $36,000. Acima Private Wealth LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at approximately $38,000. Smart Portfolios LLC increased its position in JPMorgan Chase & Co. by 29.6% during the 4th quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock valued at $49,000 after buying an additional 114 shares in the last quarter. Contravisory Investment Management Inc. increased its position in JPMorgan Chase & Co. by 188.3% during the 4th quarter. Contravisory Investment Management Inc. now owns 542 shares of the financial services provider’s stock valued at $53,000 after buying an additional 354 shares in the last quarter. Finally, Semmax Financial Advisors Inc. bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at approximately $56,000. 69.89% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Monday. BMO Capital Markets increased their price objective on JPMorgan Chase & Co. from $116.00 to $118.00 and gave the stock a “market perform” rating in a report on Monday. Credit Suisse Group increased their price objective on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $124.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday. Finally, HSBC set a $102.00 price objective on JPMorgan Chase & Co. and gave the stock a “neutral” rating in a report on Thursday, April 4th. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus price target of $123.05.

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About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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