JPMorgan Chase & Co. (NYSE:JPM) Sets New 52-Week High at $206.32

Shares of JPMorgan Chase & Co. (NYSE:JPM) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $206.32 and last traded at $206.18, with a volume of 1090078 shares trading hands. The stock had previously closed at $202.26.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on JPM shares. BMO Capital Markets reduced their price target on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research report on Monday, April 15th. Jefferies Financial Group raised their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 21st. Royal Bank of Canada restated an “outperform” rating and set a $211.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Finally, UBS Group increased their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.10.

JPMorgan Chase & Co. Stock Performance

The company has a market capitalization of $591.51 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 2.72 and a beta of 1.12. The stock has a 50 day simple moving average of $196.91 and a 200 day simple moving average of $186.28. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The business had revenue of $41.93 billion during the quarter, compared to analyst estimates 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, analysts anticipate that JPMorgan Chase & Co. will post 16.44 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be given a dividend of $1.15 per share. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a dividend yield of 2.23%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 3,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $198.86, for a total value of $596,580.00. Following the completion of the transaction, the insider now owns 44,113 shares in the company, valued at approximately $8,772,311.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robin Leopold sold 3,000 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $198.86, for a total transaction of $596,580.00. Following the completion of the transaction, the insider now owns 44,113 shares of the company’s stock, valued at approximately $8,772,311.18. The disclosure for this sale can be found here. Insiders have sold a total of 250,565 shares of company stock worth $46,962,717 in the last ninety days. 0.79% of the stock is owned by insiders.

Institutional Trading of JPMorgan Chase & Co.

A number of institutional investors have recently made changes to their positions in the stock. Bright Futures Wealth Management LLC. bought a new position in JPMorgan Chase & Co. during the 1st quarter valued at $710,000. Quent Capital LLC boosted its stake in JPMorgan Chase & Co. by 16.2% during the first quarter. Quent Capital LLC now owns 12,447 shares of the financial services provider’s stock valued at $2,493,000 after buying an additional 1,739 shares in the last quarter. Cape Investment Advisory Inc. grew its holdings in JPMorgan Chase & Co. by 2.9% during the first quarter. Cape Investment Advisory Inc. now owns 4,325 shares of the financial services provider’s stock worth $866,000 after acquiring an additional 120 shares during the period. Chelsea Counsel Co. raised its position in JPMorgan Chase & Co. by 3.6% in the first quarter. Chelsea Counsel Co. now owns 2,092 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 73 shares in the last quarter. Finally, SRN Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 9.8% in the 1st quarter. SRN Advisors LLC now owns 8,386 shares of the financial services provider’s stock valued at $1,680,000 after acquiring an additional 748 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.