JPMorgan Chase & Co. (NYSE:JPM) Trading Up 0.4%

JPMorgan Chase & Co. (NYSE:JPM) shares were up 0.4% on Tuesday . The company traded as high as $206.73 and last traded at $206.18. Approximately 1,542,949 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 9,206,152 shares. The stock had previously closed at $205.45.

Analyst Ratings Changes

Several research firms have recently weighed in on JPM. Morgan Stanley reduced their price target on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, May 21st. Royal Bank of Canada reiterated an “outperform” rating and set a $211.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Evercore ISI restated an “outperform” rating and issued a $210.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday. Jefferies Financial Group increased their price objective on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Robert W. Baird boosted their target price on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $194.65.

JPMorgan Chase & Co. Stock Down 0.3 %

The stock has a market cap of $598.14 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 2.80 and a beta of 1.12. The firm has a 50 day simple moving average of $197.57 and a 200-day simple moving average of $186.88. 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 posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The business had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 16.45 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, General Counsel Stacey Friedman sold 4,415 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.65, for a total transaction of $885,869.75. Following the transaction, the general counsel now directly owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James Dimon sold 178,222 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares in the company, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 250,565 shares of company stock worth $46,962,717. Insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Several institutional investors have recently made changes to their positions in JPM. Beese Fulmer Investment Management Inc. increased its stake in JPMorgan Chase & Co. by 1.4% during the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 92,135 shares of the financial services provider’s stock worth $18,635,000 after acquiring an additional 1,235 shares during the period. Moody National Bank Trust Division increased its position in shares of JPMorgan Chase & Co. by 4.4% in the second quarter. Moody National Bank Trust Division now owns 34,337 shares of the financial services provider’s stock worth $6,945,000 after purchasing an additional 1,456 shares during the period. Hilltop Wealth Advisors LLC raised its stake in JPMorgan Chase & Co. by 11.2% in the second quarter. Hilltop Wealth Advisors LLC now owns 1,165 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 117 shares in the last quarter. Modus Advisors LLC lifted its position in JPMorgan Chase & Co. by 1.1% during the second quarter. Modus Advisors LLC now owns 26,409 shares of the financial services provider’s stock worth $5,342,000 after purchasing an additional 297 shares during the period. Finally, Marcum Wealth LLC grew its stake in JPMorgan Chase & Co. by 1.2% during the second quarter. Marcum Wealth LLC now owns 34,611 shares of the financial services provider’s stock worth $7,000,000 after buying an additional 403 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

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.