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

JPMorgan Chase & Co. (NYSE:JPM) shot up 0.8% during trading on Friday . The company traded as high as $183.15 and last traded at $182.79. 2,316,235 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 9,321,271 shares. The stock had previously closed at $181.25.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. BMO Capital Markets lowered their price target on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a report on Monday. Morgan Stanley decreased their price objective on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price target for the company from $140.00 to $190.00 in a research report on Tuesday, January 9th. Barclays increased their price target on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Piper Sandler cut their price objective on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a research report on Monday. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $192.05.

JPMorgan Chase & Co. Stock Up 1.1 %

The firm has a 50 day moving average of $188.61 and a two-hundred day moving average of $168.59. The firm has a market capitalization of $526.51 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 2.26 and a beta of 1.15. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 2.51%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

Insider Activity

In other news, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $179.00, for a total transaction of $602,872.00. Following the sale, the insider now directly owns 202,093 shares of the company’s stock, valued at $36,174,647. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $179.00, for a total transaction of $602,872.00. Following the sale, the insider now directly owns 202,093 shares of the company’s stock, valued at $36,174,647. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,020,696 shares of company stock valued at $186,794,151. 0.79% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Hedge funds have recently made changes to their positions in the stock. Moneta Group Investment Advisors LLC increased its holdings in JPMorgan Chase & Co. by 105,652.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after purchasing an additional 97,907,897 shares in the last quarter. Norges Bank bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth approximately $6,016,878,000. Morgan Stanley increased its holdings in JPMorgan Chase & Co. by 15.9% in the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after purchasing an additional 8,088,433 shares in the last quarter. International Assets Investment Management LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth approximately $1,017,893,000. Finally, Legal & General Group Plc increased its holdings in JPMorgan Chase & Co. by 24.9% in the fourth quarter. Legal & General Group Plc now owns 23,406,286 shares of the financial services provider’s stock worth $3,981,428,000 after purchasing an additional 4,659,651 shares in the last quarter. 71.55% of the stock is currently owned by 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.