JPMorgan Chase & Co. (NYSE:JPM) Stock Price Up 0.6%

JPMorgan Chase & Co. (NYSE:JPM)’s share price rose 0.6% during trading on Wednesday . The company traded as high as $193.20 and last traded at $192.95. Approximately 1,720,892 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 9,181,604 shares. The stock had previously closed at $191.75.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Piper Sandler reduced their price target on shares of 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. Morgan Stanley dropped their price target on shares of 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. Oppenheimer decreased their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. BMO Capital Markets cut their target price 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. Finally, Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.05.

JPMorgan Chase & Co. Stock Performance

The firm has a market capitalization of $571.09 billion, a PE ratio of 11.93, a P/E/G ratio of 2.38 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. The company’s fifty day simple moving average is $191.97 and its 200 day simple moving average is $173.32.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 15.98 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were given a $1.15 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

Insider Buying and Selling

In related news, CEO Mary E. Erdoes sold 15,895 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total value of $3,078,225.70. Following the sale, the chief executive officer now directly owns 585,898 shares of the company’s stock, valued at $113,465,006.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Mary E. Erdoes sold 15,895 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total transaction of $3,078,225.70. Following the sale, the chief executive officer now owns 585,898 shares in the company, valued at approximately $113,465,006.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman Peter Scher sold 1,810 shares of the company’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 $323,917.60. Following the completion of the transaction, the insider now owns 44,956 shares of the company’s stock, valued at $8,045,325.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,063,506 shares of company stock valued at $195,024,605. Company insiders own 0.79% of the company’s stock.

Institutional Trading of JPMorgan Chase & Co.

Hedge funds and other institutional investors have recently bought and sold shares of the company. SkyOak Wealth LLC grew its position in shares of JPMorgan Chase & Co. by 0.3% in the 3rd quarter. SkyOak Wealth LLC now owns 28,019 shares of the financial services provider’s stock worth $4,063,000 after buying an additional 71 shares during the last quarter. Center for Financial Planning Inc. boosted its position in JPMorgan Chase & Co. by 4.4% during the 3rd quarter. Center for Financial Planning Inc. now owns 17,454 shares of the financial services provider’s stock valued at $2,531,000 after acquiring an additional 739 shares in the last quarter. Tcwp LLC increased its stake in shares of JPMorgan Chase & Co. by 1.0% during the third quarter. Tcwp LLC now owns 15,100 shares of the financial services provider’s stock valued at $2,190,000 after purchasing an additional 155 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in JPMorgan Chase & Co. by 2.0% during the third quarter. J.W. Cole Advisors Inc. now owns 34,981 shares of the financial services provider’s stock valued at $5,073,000 after buying an additional 671 shares during the last quarter. Finally, Legacy Financial Group LLC bought a new stake in JPMorgan Chase & Co. in the third quarter worth $58,000. Hedge funds and other 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.