JPMorgan Chase & Co. (NYSE:JPM) Stock Price Down 0.2%

JPMorgan Chase & Co. (NYSE:JPM)’s stock price fell 0.2% during trading on Wednesday . The company traded as low as $190.17 and last traded at $191.71. 1,553,488 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 9,393,007 shares. The stock had previously closed at $192.14.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Jefferies Financial Group increased their price objective on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Piper Sandler reduced their price target on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Finally, Oppenheimer lowered their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $192.05.

JPMorgan Chase & Co. Stock Up 0.1 %

The company’s fifty day simple moving average is $190.07 and its 200 day simple moving average is $170.23. The firm has a market capitalization of $555.12 billion, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 2.43 and a beta of 1.15. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.38%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

Insiders Place Their Bets

In other news, insider Lori A. Beer sold 3,920 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the transaction, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO James Dimon sold 821,778 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the completion of the transaction, the chief executive officer now directly owns 595,316 shares in the company, valued at $108,782,092.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the transaction, the insider now directly owns 64,783 shares in the company, valued at $12,656,006.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,020,696 shares of company stock worth $186,794,151. Company insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of JPM. Chicago Partners Investment Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.3% during the first quarter. Chicago Partners Investment Group LLC now owns 79,828 shares of the financial services provider’s stock valued at $15,338,000 after purchasing an additional 1,043 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in JPMorgan Chase & Co. during the 1st quarter valued at $65,767,000. Patrick M Sweeney & Associates Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.3% in the 1st quarter. Patrick M Sweeney & Associates Inc. now owns 24,008 shares of the financial services provider’s stock worth $4,809,000 after buying an additional 68 shares during the last quarter. Carr Financial Group Corp grew its position in JPMorgan Chase & Co. by 50.6% during the first quarter. Carr Financial Group Corp now owns 6,358 shares of the financial services provider’s stock valued at $1,273,000 after buying an additional 2,137 shares during the period. Finally, MONECO Advisors LLC grew its holdings in JPMorgan Chase & Co. by 43.5% during the first quarter. MONECO Advisors LLC now owns 18,715 shares of the financial services provider’s stock valued at $3,749,000 after purchasing an additional 5,674 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.