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

JPMorgan Chase & Co. (NYSE:JPM) shares traded down 0.2% during trading on Thursday . The stock traded as low as $191.18 and last traded at $192.76. 2,350,042 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 9,372,604 shares. The stock had previously closed at $193.08.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Oppenheimer reduced their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $140.00 to $190.00 in a research report on Tuesday, January 9th. Piper Sandler reduced 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, April 15th. Bank of America boosted their price objective on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, January 4th. Finally, Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

JPMorgan Chase & Co. Stock Performance

The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a market cap of $555.75 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 2.42 and a beta of 1.15. The company has a fifty day moving average price of $190.36 and a two-hundred day moving average price of $170.57.

JPMorgan Chase & Co. Increases Dividend

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

Insider Activity

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of JPM. Columbia Trust Co 01012016 raised its position in JPMorgan Chase & Co. by 0.6% during the third quarter. Columbia Trust Co 01012016 now owns 21,760 shares of the financial services provider’s stock valued at $3,156,000 after buying an additional 134 shares during the period. H&H Retirement Design & Management INC acquired a new position in JPMorgan Chase & Co. in the 3rd quarter worth about $386,000. Impact Partnership Wealth LLC increased its position in JPMorgan Chase & Co. by 79.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 1,368 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 607 shares during the last quarter. Advocate Group LLC increased its position in JPMorgan Chase & Co. by 48.7% in the 3rd quarter. Advocate Group LLC now owns 34,350 shares of the financial services provider’s stock worth $4,981,000 after purchasing an additional 11,244 shares during the last quarter. Finally, Rempart Asset Management Inc. increased its position in JPMorgan Chase & Co. by 0.7% in the 3rd quarter. Rempart Asset Management Inc. now owns 132,710 shares of the financial services provider’s stock worth $19,246,000 after purchasing an additional 950 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

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.