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

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Bank of America increased their target price 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. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $185.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Finally, Piper Sandler lowered their target price 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. Eight equities research 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 Performance

The stock has a market cap of $551.04 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 2.40 and a beta of 1.13. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The firm has a 50 day moving average price of $191.10 and a 200 day moving average price of $171.70.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were paid a dividend of $1.15 per share. The ex-dividend date was Thursday, April 4th. This represents a $4.60 annualized dividend and a dividend yield of 2.40%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

Insider Activity

In other news, CEO Jennifer Piepszak sold 1,648 shares of the firm’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 owns 32,819 shares in the company, valued at $5,873,288.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Jennifer Piepszak sold 1,648 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the sale, the chief executive officer now owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Peter Scher sold 1,810 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $323,917.60. Following the sale, the insider now directly owns 44,956 shares in the company, valued at approximately $8,045,325.76. The disclosure for this sale can be found here. Over the last 90 days, 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 Investors Weigh In On JPMorgan Chase & Co.

A number of institutional investors have recently added to or reduced their stakes in the stock. Stone House Investment Management LLC boosted its holdings in JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 89 shares in the last quarter. Retirement Group LLC lifted its holdings in shares of JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 109 shares during the period. Macroview Investment Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 7,833.3% during the third 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 period. Richardson Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter worth about $34,000. Finally, Bare Financial Services Inc acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $35,000. 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.