CEO of JPMorgan James Dimon Buys 500,000 Shares

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Jul 24, 2012
Chairman & CEO of JPMorgan Chase & Co. (JPM, Financial) James Dimon bought 500,000 shares on 07/20/2012 at an average price of $34.22. The total transaction amount is $17,110,001. JPMorgan Chase & Co. is a global financial services firm. JPMorgan Chase & Co. has a market cap of $129.05 billion; its shares were traded at around $34.4 with a P/E ratio of 7.6 and P/S ratio of 1.3. The dividend yield of JPMorgan Chase & Co. stocks is 3.5%.


Aside from CEO James Dimon’s purchase of 500,000 shares, other insiders have decreased their positions in the company recently. Chief Administrative Officer Frank Bisignano purchased a total of 18,000 shares within the past three months, while the executive vice president sold 49,000 shares of the company in April 2012.


Mr. James Dimon, has been chief executive of JPMorgan Chase & Co., at JPMorgan Chase Bank, National Association since Dec. 31, 2005 and has been president since July 1, 2004. Mr. Dimon served as the CEO of Bank One Corp. from March 27, 2000 to July 2004. For several years, he was on TIME magazine’s list of the 100 most influential people in the world.


Several gurus hold positions in JPM. George Soros bought 606,400 shares in the quarter that ended on 03/31/2012, which is 0.41% of the $6.84 billion portfolio of Soros Fund Management LLC. Lee Ainslie owns 4,675,308 shares as of 03/31/2012, a decrease of 44.17% of from the previous quarter. This position accounts for 3.1% of the $6.95 billion portfolio of Maverick Capital. Ray Dalio sold out his holdings in the quarter that ended on 03/31/2012.


JPMorgan has a predictability rating of 1 star. The company has an average annual revenue growth of 4.7% for the past 10 years, but reported a decrease in revenue of 4.6% within the last 12 months. Earnings per share were positive for the past 10 years. The company holds $847 million in cash, and has no long-term debt. JPMorgan also bought back about $9 million worth of shares in 2011.