Troy L. Rohrbaugh Sells 25,000 Shares of JPMorgan Chase & Co. (NYSE:JPM) Stock

JPMorgan Chase & Co. (NYSE:JPM) CEO Troy L. Rohrbaugh sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.02, for a total value of $6,175,500.00. Following the completion of the transaction, the chief executive officer now directly owns 133,381 shares in the company, valued at $32,947,774.62. The trade was a 15.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

JPMorgan Chase & Co. Stock Up 2.7 %

Shares of JPMorgan Chase & Co. stock traded up $6.60 on Monday, reaching $248.23. 9,417,902 shares of the company were exchanged, compared to its average volume of 8,869,037. The company has a market cap of $694.07 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The stock’s 50 day moving average price is $257.86 and its 200-day moving average price is $239.50. JPMorgan Chase & Co. has a 1-year low of $179.20 and a 1-year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.04 EPS. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be paid a $1.40 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a yield of 2.26%. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 28.37%.

Analyst Upgrades and Downgrades

JPM has been the topic of several research reports. Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target for the company in a research note on Friday, January 3rd. Bank of America upped their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Truist Financial boosted their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $252.89.

Institutional Investors Weigh In On JPMorgan Chase & Co.

A number of institutional investors have recently added to or reduced their stakes in JPM. Principal Financial Group Inc. increased its position in JPMorgan Chase & Co. by 3.2% in the third quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider’s stock worth $1,228,110,000 after buying an additional 182,648 shares during the period. United Bank grew its holdings in shares of JPMorgan Chase & Co. by 2.5% in the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider’s stock worth $5,346,000 after acquiring an additional 614 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in JPMorgan Chase & Co. by 20.5% during the third quarter. Fifth Third Wealth Advisors LLC now owns 90,288 shares of the financial services provider’s stock valued at $19,038,000 after buying an additional 15,334 shares in the last quarter. Equita Financial Network Inc. purchased a new position in JPMorgan Chase & Co. during the 3rd quarter worth approximately $226,000. Finally, Princeton Capital Management LLC raised its position in JPMorgan Chase & Co. by 0.9% during the third quarter. Princeton Capital Management LLC now owns 10,710 shares of the financial services provider’s stock valued at $2,258,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.