JPMorgan Chase & Co. (NYSE:JPM) Shares Up 0.2%

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up 0.2% during mid-day trading on Tuesday . The company traded as high as $211.25 and last traded at $210.76. 1,282,542 shares changed hands during trading, a decline of 86% from the average session volume of 9,250,976 shares. The stock had previously closed at $210.28.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 9th. Morgan Stanley upped their price objective on shares of JPMorgan Chase & Co. from $214.00 to $221.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Oppenheimer increased their target price on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Finally, BMO Capital Markets upped their price objective on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.89.

JPMorgan Chase & Co. Trading Up 0.0 %

The stock’s fifty day simple moving average is $202.11 and its 200-day simple moving average is $191.20. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. The firm has a market cap of $599.23 billion, a PE ratio of 11.69, a PEG ratio of 2.47 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. During the same quarter last year, the business posted $4.37 EPS. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 16.67 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.66%.

Insider Buying and Selling

In related news, insider Elena A. Korablina sold 21,829 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the sale, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 15,895 shares of the stock in a transaction that occurred on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the sale, the insider now owns 6,484 shares in the company, valued at approximately $1,237,860.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,343 shares of company stock worth $14,137,789. 0.79% of the stock is owned by company insiders.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth about $6,016,878,000. International Assets Investment Management LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $1,017,893,000. Swedbank AB acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $800,130,000. Capital Research Global Investors grew its position in shares of JPMorgan Chase & Co. by 23.3% in the first quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider’s stock valued at $3,445,185,000 after purchasing an additional 3,252,451 shares in the last quarter. Finally, Capital International Investors increased its holdings in shares of JPMorgan Chase & Co. by 5.4% in the fourth quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock valued at $7,062,094,000 after purchasing an additional 2,128,478 shares during the last quarter. 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.