JPMorgan Chase & Co. (NYSE:JPM) Director Douglas B. Petno sold 10,566 shares of the business’s stock in a transaction that occurred on Friday, January 29th. The shares were sold at an average price of $59.00, for a total transaction of $623,394.00. Following the transaction, the director now owns 118,955 shares of the company’s stock, valued at approximately $7,018,345. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

JPMorgan Chase & Co. (NYSE:JPM) traded up 3.88% during midday trading on Friday, reaching $59.50. 26,992,199 shares of the company traded hands. JPMorgan Chase & Co. has a one year low of $50.07 and a one year high of $70.61. The firm has a 50-day moving average price of $61.64 and a 200-day moving average price of $64.27. The firm has a market capitalization of $218.61 billion and a price-to-earnings ratio of 9.92.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Thursday, January 14th. The financial services provider reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.07. The company had revenue of $23.70 billion for the quarter, compared to the consensus estimate of $22.89 billion. During the same quarter last year, the business posted $1.36 earnings per share. JPMorgan Chase & Co.’s revenue was up .6% on a year-over-year basis. Equities analysts predict that JPMorgan Chase & Co. will post $6.09 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 31st. Shareholders of record on Wednesday, January 6th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.96%. The ex-dividend date is Monday, January 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.30.

A number of brokerages recently issued reports on JPM. Vetr cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating and set a $65.66 price objective for the company. in a report on Monday, November 9th. Evercore ISI reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, December 30th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Monday, December 7th. Macquarie reaffirmed an “outperform” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, December 3rd. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, December 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $72.13.

Other institutional investors recently modified their holdings of the company. Renaissance Investment Group bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $200,000. Beacon Financial Group bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $211,000. Founders Capital Management boosted its stake in JPMorgan Chase & Co. by 0.6% in the fourth quarter. Founders Capital Management now owns 3,787 shares of the financial services provider’s stock worth $250,000 after buying an additional 22 shares during the last quarter. Youngs Advisory Group Inc. acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $256,000. Finally, Fox Run Management acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $264,000.

JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chase’s activities are organized into four business segments. The Company’s Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through ATMs, online, mobile and telephone banking. The Corporate & Investment Bank, comprising Banking and Markets & Investor Services, offers investment banking, market-making, prime brokerage, and treasury and securities products and services. The Commercial Banking (NYSE:JPM) segment delivers industry knowledge, local expertise and service to the United States and the United States multinational clients. The Asset Management segment comprises investment and wealth management. The Company also operates a Corporate segment.

12 Month Chart for NYSE:JPM

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