JPMorgan Chase & Co. (NYSE:JPM) Trading 0.7% Higher

JPMorgan Chase & Co. (NYSE:JPM) was up 0.7% during mid-day trading on Thursday . The company traded as high as $203.62 and last traded at $203.62. Approximately 1,675,908 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 9,115,646 shares. The stock had previously closed at $202.11.

Analyst Upgrades and Downgrades

Several brokerages recently commented on JPM. Morgan Stanley cut their target price on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Jefferies Financial Group raised their price objective on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Piper Sandler lowered their price objective on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Evercore ISI upped their target price on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Stock Performance

The company has a 50-day simple moving average of $193.84 and a two-hundred day simple moving average of $176.07. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $588.09 billion, a P/E ratio of 12.37, a PEG ratio of 2.50 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The company had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 16.22 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Thursday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO Marianne Lake sold 11,734 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $200.02, for a total transaction of $2,347,034.68. Following the completion of the transaction, the chief executive officer now directly owns 122,740 shares of the company’s stock, valued at approximately $24,550,454.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other JPMorgan Chase & Co. news, CEO Marianne Lake sold 11,734 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $200.02, for a total value of $2,347,034.68. Following the sale, the chief executive officer now owns 122,740 shares in the company, valued at $24,550,454.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the transaction, the chief executive officer now owns 595,316 shares of the company’s stock, valued at $108,782,092.68. The disclosure for this sale can be found here. Insiders have sold 1,071,414 shares of company stock valued at $196,746,504 in the last three months. 0.79% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Hedge funds have recently bought and sold shares of the company. Morgan Stanley raised its holdings in JPMorgan Chase & Co. by 0.3% in the 3rd quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock worth $9,127,754,000 after acquiring an additional 201,441 shares during the last quarter. FMR LLC raised its stake in shares of JPMorgan Chase & Co. by 1.2% in the third quarter. FMR LLC now owns 49,417,639 shares of the financial services provider’s stock worth $7,166,546,000 after purchasing an additional 606,382 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of JPMorgan Chase & Co. by 12.2% in the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after purchasing an additional 4,603,090 shares during the last quarter. Capital International Investors lifted its holdings in shares of JPMorgan Chase & Co. by 1.9% during the first quarter. Capital International Investors now owns 42,294,992 shares of the financial services provider’s stock valued at $8,471,687,000 after purchasing an additional 778,297 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $6,016,878,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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.