JPMorgan Chase & Co. (NYSE:JPM) Trading Up 0.8%

JPMorgan Chase & Co. (NYSE:JPM) shares rose 0.8% during mid-day trading on Tuesday . The company traded as high as $194.99 and last traded at $194.73. Approximately 2,211,727 shares traded hands during trading, a decline of 76% from the average daily volume of 9,290,743 shares. The stock had previously closed at $193.28.

Analyst Ratings Changes

Several analysts have commented on JPM shares. Morgan Stanley decreased their price target on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Evercore ISI increased their target price on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. 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. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price objective for the company from $140.00 to $190.00 in a research report on Tuesday, January 9th. Finally, Oppenheimer decreased their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.05.

JPMorgan Chase & Co. Trading Down 0.5 %

The stock has a market cap of $552.07 billion, a PE ratio of 11.63, a PEG ratio of 2.43 and a beta of 1.15. The company’s fifty day moving average is $190.64 and its 200-day moving average is $171.25. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91.

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 $1.15 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is 27.78%.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the transaction, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Vice Chairman Peter Scher sold 1,810 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $323,917.60. Following the transaction, the insider now owns 44,956 shares in the company, valued at $8,045,325.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the sale, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Insiders sold a total of 1,020,696 shares of company stock worth $186,794,151 in the last 90 days. Corporate insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Stone House Investment Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after buying an additional 89 shares during the period. Macroview Investment Management LLC increased its position in shares of JPMorgan Chase & Co. by 7,833.3% in the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 235 shares during the last quarter. Richardson Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $34,000. Bare Financial Services Inc bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $35,000. Finally, Partnership Wealth Management LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter worth about $36,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

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.