JPMorgan Chase & Co. (NYSE:JPM) General Counsel Sells $885,869.75 in Stock (2024)

JPMorgan Chase & Co. (NYSE:JPM) General Counsel Stacey Friedman sold 4,415 shares of the firm's stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the sale, the general counsel now owns 42,124 shares in the company, valued at approximately $8,452,180.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Morgan Stanley Drives Growth Powered by Investment Management

Stacey Friedman also recently made the following trade(s):

On Thursday, February 22nd, Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90.

JPMorgan Chase & Co. Stock Down 4.5 %

Shares of NYSE JPM opened at $195.65 on Tuesday. JPMorgan Chase & Co. has a 1 year low of $134.40 and a 1 year high of $205.88. The firm has a market cap of $561.84 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 2.52 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The stock's 50-day simple moving average is $193.99 and its 200-day simple moving average is $176.98.

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JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.35%. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.78%.

Analyst Upgrades and Downgrades

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JPM has been the topic of a number of research analyst reports. Oppenheimer reduced their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an "outperform" rating on the stock in a report on Monday, April 15th. Evercore ISI lifted their target price on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an "outperform" rating in a report on Thursday, April 4th. Morgan Stanley reduced their target price on JPMorgan Chase & Co. from $221.00 to $216.00 and set an "overweight" rating on the stock in a report on Monday, April 15th. Royal Bank of Canada reiterated an "outperform" rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Finally, UBS Group reduced their target price on JPMorgan Chase & Co. from $226.00 to $219.00 and set a "buy" rating on the stock in a report on Tuesday, April 16th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $192.05.

Read Our Latest Research Report on JPM

Institutional Trading of JPMorgan Chase & Co.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bull Street Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.8% during the third quarter. Bull Street Advisors LLC now owns 17,515 shares of the financial services provider's stock valued at $2,540,000 after purchasing an additional 481 shares during the last quarter. Nvwm LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.9% during the third quarter. Nvwm LLC now owns 22,822 shares of the financial services provider's stock valued at $3,310,000 after purchasing an additional 434 shares during the last quarter. Peoples Bank KS bought a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $1,913,000. Bell Bank grew its holdings in shares of JPMorgan Chase & Co. by 6.6% during the third quarter. Bell Bank now owns 15,590 shares of the financial services provider's stock valued at $2,261,000 after purchasing an additional 968 shares during the last quarter. Finally, Capital Planning Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 4.6% during the third quarter. Capital Planning Advisors LLC now owns 7,045 shares of the financial services provider's stock valued at $1,022,000 after purchasing an additional 311 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Company Profile

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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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.