The officers and directors of a company tend to have a unique inside view into the business, so when these insiders make purchases, investors are wise to take notice. Presumably the only reason for a company insider to choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. Within the 30 components of the Dow Jones Industrial Average, only ten companies have experienced such buying over the trailing six month period, one of which was JPMorgan Chase & Co. (NYSE:JPM), where an investment totaling $6.8M was made by Director James S. Crown. Click Here to Learn Which Other Nine Dow Components Also Had Recent Insider Buying »
Crown bets big on JPM:
James S. Crown
Crown's average cost works out to $35.02/share. In trading on Tuesday, bargain hunters could buy shares of JPMorgan Chase & Co. (NYSE:JPM) and achieve a cost basis lower than Crown, with shares changing hands as low as $31.99 per share. It should be noted that Crown has collected $0.25/share in dividends since the time of their purchase, so they are currently down 7.9% on their purchase from a total return basis. Shares of JPMorgan Chase & Co. were changing hands at $31.99 at last check, trading off about 0.1% on Tuesday. The chart below shows the one year performance of JPM shares, versus its 200 day moving average:
Looking at the chart above, JPM's low point in its 52 week range is $27.85 per share, with $48.36 as the 52 week high point — that compares with a last trade of $31.99.
The current annualized dividend paid by JPMorgan Chase & Co. is $1.00/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 10/04/2011. Below is a long-term dividend history chart for JPM, which can be of good help in judging whether the most recent dividend with approx. 3.1% annualized yield is likely to continue.
JPM operates in the Banking & Savings sector, among companies like Fulton Financial Corp. (NASDAQ:FULT) which is up about 0.4% today, and Bank of Hawaii Corp (NYSE:BOH) trading higher by about 0.5%. Below is a three month price history chart comparing the stock performance of JPM, versus FULT and BOH.
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