JPMorgan Global Growth & Income (LON:JGGI) Sets New 52-Week High – Time to Buy?

JPMorgan Global Growth & Income (LON:JGGI) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 593 ($7.63) and last traded at GBX 590 ($7.59), with a volume of 2032058 shares changing hands. The stock had previously closed at GBX 589 ($7.58).

JPMorgan Global Growth & Income Stock Performance

The company has a debt-to-equity ratio of 6.71, a quick ratio of 5.88 and a current ratio of 30.12. The company has a market capitalization of £2.93 billion, a PE ratio of 682.10 and a beta of 0.61. The company has a 50 day moving average price of GBX 562.77 and a 200 day moving average price of GBX 561.51.

JPMorgan Global Growth & Income Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, January 6th. Investors of record on Thursday, November 21st will be issued a GBX 5.70 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a yield of 0.96%. JPMorgan Global Growth & Income’s dividend payout ratio is presently 2,643.68%.

Insiders Place Their Bets

In other news, insider Sarah Whitney acquired 3,882 shares of the business’s stock in a transaction on Friday, October 25th. The shares were purchased at an average price of GBX 576 ($7.41) per share, for a total transaction of £22,360.32 ($28,774.06). 7.92% of the stock is owned by company insiders.

JPMorgan Global Growth & Income Company Profile

JPMorgan Global Growth & Income plc is a closed-ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of companies across all market capitalizations, with a bias towards large cap companies.