JPMorgan Chase & Co. (NYSE:JPM) Trading 0.6% Higher

JPMorgan Chase & Co. (NYSE:JPM)’s share price traded up 0.6% during mid-day trading on Thursday . The company traded as high as $197.17 and last traded at $196.82. 2,019,762 shares were traded during mid-day trading, a decline of 78% from the average session volume of 9,188,574 shares. The stock had previously closed at $195.65.

Wall Street Analyst Weigh In

JPM has been the topic of a number of research reports. Wells Fargo & Company lifted their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Morgan Stanley lowered their price target on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Oppenheimer lowered their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $185.00 price target on shares of JPMorgan Chase & Co. in a research report 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

JPMorgan Chase & Co. Trading Up 0.9 %

The company has a market cap of $567.15 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 quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The stock’s 50 day moving average is $191.97 and its 200-day moving average is $173.32.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The business had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 15.98 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were issued a $1.15 dividend. The ex-dividend date was Thursday, April 4th. This is a boost 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 2.33%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total value of $984,853.04. Following the transaction, the insider now directly owns 217,351 shares in the company, valued at $42,087,847.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the transaction, the insider now directly owns 217,351 shares in the company, valued at approximately $42,087,847.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mary E. Erdoes sold 15,895 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $193.66, for a total transaction of $3,078,225.70. Following the transaction, the chief executive officer now owns 585,898 shares in the company, valued at $113,465,006.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,063,506 shares of company stock worth $195,024,605. Insiders own 0.79% of the company’s stock.

Institutional Trading of JPMorgan Chase & Co.

Several hedge funds have recently modified their holdings of the company. Trust Co of the South raised its position in shares of JPMorgan Chase & Co. by 1.1% in the 1st quarter. Trust Co of the South now owns 4,946 shares of the financial services provider’s stock valued at $991,000 after purchasing an additional 53 shares during the last quarter. Inspire Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 2.6% in the 1st quarter. Inspire Advisors LLC now owns 2,103 shares of the financial services provider’s stock valued at $421,000 after purchasing an additional 54 shares during the last quarter. PFW Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 1.1% in the 1st quarter. PFW Advisors LLC now owns 5,232 shares of the financial services provider’s stock valued at $1,048,000 after purchasing an additional 55 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. raised its position in shares of JPMorgan Chase & Co. by 2.0% in the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,837 shares of the financial services provider’s stock valued at $568,000 after purchasing an additional 55 shares during the last quarter. Finally, KFG Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 3.6% in the 1st quarter. KFG Wealth Management LLC now owns 1,594 shares of the financial services provider’s stock valued at $319,000 after purchasing an additional 56 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other 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.