JPMorgan Chase & Co. (NYSE:JPM) Trading 0.4% Higher

JPMorgan Chase & Co. (NYSE:JPM)’s stock price rose 0.4% during trading on Wednesday . The company traded as high as $197.40 and last traded at $196.60. Approximately 1,278,655 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 8,940,824 shares. The stock had previously closed at $195.73.

Analyst Ratings Changes

JPM has been the subject of a number of analyst reports. Oppenheimer reduced their target price on shares of JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. BMO Capital Markets boosted their price target on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 16th. Piper Sandler increased their price objective on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Finally, Bank of America boosted their target price on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $181.63.

JPMorgan Chase & Co. Stock Up 0.4 %

The firm’s 50-day simple moving average is $182.22 and its 200-day simple moving average is $163.62. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $576.91 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 2.53 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.73 by ($0.69). The firm had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.57 earnings per share. Sell-side analysts forecast that JPMorgan Chase & Co. will post 15.75 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.30%. This is a positive change 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 dividend payout ratio is presently 25.89%.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 6,030 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90. Following the completion of the transaction, the general counsel now owns 59,456 shares in the company, valued at approximately $10,864,394.88. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, General Counsel Stacey Friedman sold 6,030 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares of the company’s stock, valued at $10,864,394.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Peter Scher sold 1,812 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total transaction of $301,969.80. Following the completion of the transaction, the insider now directly owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The disclosure for this sale can be found here. Insiders have sold 849,303 shares of company stock worth $155,107,447 over the last 90 days. Corporate insiders own 0.79% of the company’s stock.

Institutional Trading of JPMorgan Chase & Co.

Several institutional investors have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 13.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 10,706 shares of the financial services provider’s stock valued at $1,821,000 after acquiring an additional 1,289 shares during the period. HighPoint Advisor Group LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $31,722,000. Fairman Group LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $153,000. Napatree Capital LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $905,000. Finally, Livelsberger Financial Advisory bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $74,000. Institutional investors and hedge funds 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.