Yahoo Finance Insider Sale: Chief Risk Officer Ashley Bacon Sells Shares of JPMorgan Chase & Co (JPM)
Ashley Bacon, the Chief Risk Officer of JPMorgan Chase & Co (NYSE:JPM), sold 5,086 shares of the company on May 8, 2024. The transaction was documented in a recent SEC Filing. Over the past year, the insider has sold a total of 28,588 shares and has not purchased any shares.
JPMorgan Chase & Co (NYSE:JPM) is a global financial services firm and one of the largest banking institutions in the United States, with operations worldwide. The company provides a range of financial services, including investment banking, financial transaction processing, asset management, and private equity.
On the date of the sale, shares of JPMorgan Chase & Co were priced at $193.64, resulting in a market cap of approximately $561.84 billion. The price-earnings ratio of the stock stood at 11.81, which is above the industry median of 9.505.
According to the GF Value, the intrinsic value of JPMorgan Chase & Co is estimated at $179.76 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 1.08.
The insider transaction history for JPMorgan Chase & Co shows a trend of more insider selling than buying over the past year, with 37 insider sells and no insider buys.
The valuation metrics and insider trends provide a snapshot of JPMorgan Chase & Co's current financial position and insider confidence.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
