5 Dividend Stocks Insiders Are Selling

1. JPMorgan Chase & Co (NYSE:JPM)

Number of Hedge Fund Investors: 103

JPMorgan Chase & Co (NYSE:JPM) is one of the dividend-paying stocks that recently saw insider selling. On March 25, JPMorgan Chase & Co’s (NYSE:JPM) Chief Information Officer Lori Beer sold 3,920 shares of JPMorgan Chase & Co (NYSE:JPM) at $195.36 per share. Over the past five days the stock has gained about 1.2%.

As of the end of the fourth quarter of 2023, 103 hedge funds out of the 933 funds tracked by Insider Monkey had stakes in JPMorgan Chase & Co (NYSE:JPM).

Carillon Eagle Growth & Income Fund stated the following regarding JPMorgan Chase & Co. (NYSE:JPM) in its fourth quarter 2023 investor letter:

“PNC Financial and JPMorgan Chase & Co. (NYSE:JPM) performed well due to more benign inflation data, which the market likely interpreted as a sign that a recession is now less likely to occur. Recall that historically speaking, banks are hyper-cyclical stocks and typically will trade lower if investors foresee a recession, because recessions tend to trigger loan losses.”

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