JPMorgan Chase & Co. (JPM) Insider Lowers Exposure By Over 40,000 Shares

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JPMorgan Chase & Co. (NYSE:JPM), saw an insider dispose of a large amount of holdings in the company through a transaction that began on Wednesday, July 16th, and was officially filed today. General Counsel Stephen M. Cutler sold 43,997 shares of common stock in the company at an average price of $58.7369 per share. Following this transaction, Cutler now holds 173,093 shares directly in the $218.95 billion market cap financial holding company that is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity.
In addition, there are two major hedge funds with large holdings with JPMorgan Chase & Co. (NYSE:JPM). Natixis Global Asset Management’s Harris Associates reported a 1% decrease last quarter, and now holds 27,294,308 shares worth about $1.65 billion; while Paul Ruddock And Steve Heinz‘s Lansdowne Partners rose it’s involvement by 2% last quarter, and now has 21,358,137 shares worth nearly $1.3 billion invested in the company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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