JPMorgan Chase & Co. (NYSE:JPM) insider Robin Leopold sold 2,500 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the sale, the insider owned 71,047 shares of the company’s stock, valued at $25,066,092.07. This trade represents a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Robin Leopold also recently made the following trade(s):
- On Tuesday, August 11th, Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock. The shares were sold at an average price of $361.41, for a total value of $903,525.00.
JPMorgan Chase & Co. Stock Down 0.4%
JPM traded down $1.33 during mid-day trading on Thursday, reaching $353.38. 4,140,463 shares of the stock were exchanged, compared to its average volume of 9,291,858. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $939.34 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 1.45 and a beta of 0.98. The company has a 50 day moving average price of $351.41 and a two-hundred day moving average price of $321.57. JPMorgan Chase & Co. has a 1 year low of $279.10 and a 1 year high of $366.50.
Institutional Investors Weigh In On JPMorgan Chase & Co.
Several large investors have recently modified their holdings of the stock. Concorde Asset Management LLC increased its position in JPMorgan Chase & Co. by 1.1% in the second quarter. Concorde Asset Management LLC now owns 2,660 shares of the financial services provider’s stock worth $871,000 after buying an additional 29 shares during the last quarter. Elevation Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 1.0% during the 2nd quarter. Elevation Wealth Management LLC now owns 3,074 shares of the financial services provider’s stock valued at $1,006,000 after buying an additional 29 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. grew its stake in shares of JPMorgan Chase & Co. by 0.8% during the 2nd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,531 shares of the financial services provider’s stock worth $1,156,000 after acquiring an additional 29 shares during the period. Arkansas Financial Group Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Arkansas Financial Group Inc. now owns 2,667 shares of the financial services provider’s stock worth $873,000 after acquiring an additional 30 shares during the period. Finally, Flynn Zito Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 1.1% in the 2nd quarter. Flynn Zito Capital Management LLC now owns 2,830 shares of the financial services provider’s stock worth $926,000 after acquiring an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on JPM shares. Weiss Ratings upgraded shares of JPMorgan Chase & Co. from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, September 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $418.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. Zacks Research raised JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Royal Bank Of Canada lifted their price target on JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Finally, Morgan Stanley restated a “positive” rating and issued a $370.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $359.96.
View Our Latest Analysis on JPM
JPMorgan Chase & Co. News Summary
Here are the key news stories impacting JPMorgan Chase & Co. this week:
- Positive Sentiment: Strong earnings and dividend capacity: JPMorgan’s recent quarterly profit reached $16.9 billion, while the dividend represents a manageable portion of earnings, supporting the bank’s income appeal and potential for continued shareholder distributions. JPMorgan Earned $16.9 Billion in 1 Quarter
- Positive Sentiment: Business expansion continues: JPMorgan is expanding its European corporate-banking presence into Greece and plans a 25% staffing increase there, creating longer-term growth opportunities, although the immediate financial impact is expected to be limited. JPMorgan European Hiring Expansion
- Positive Sentiment: Asset-management demand: J.P. Morgan Asset Management closed its first U.S. net-lease fund with $1.1 billion in commitments, indicating solid demand for income-oriented investment products and potential fee revenue. J.P. Morgan Asset Management Net-Lease Fund
About JPMorgan Chase & Co.
JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, payments, investment banking, asset management and wealth management services to consumers, businesses, institutional clients and governments.
The company operates through four primary business areas: Consumer & Community Banking; Commercial & Investment Banking; Asset & Wealth Management; and Corporate. Its offerings include deposit accounts, credit cards, mortgages, auto loans, business banking, commercial lending, treasury services, investment banking, securities trading, investment management and private banking.
JPMorgan Chase serves customers in the United States and maintains operations and client relationships across numerous international markets.
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