JPMorgan Chase & Co. (NYSE:JPM) Stock Price Up 0.8%

JPMorgan Chase & Co. (NYSE:JPM)’s stock price rose 0.8% during mid-day trading on Friday . The company traded as high as $183.15 and last traded at $182.79. Approximately 2,316,235 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 9,321,271 shares. The stock had previously closed at $181.25.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Morgan Stanley cut their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Piper Sandler cut their price target on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Bank of America boosted their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, January 4th. Jefferies Financial Group boosted their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

JPMorgan Chase & Co. Stock Up 2.5 %

The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a fifty day simple moving average of $188.83 and a 200-day simple moving average of $169.06. The firm has a market cap of $533.63 billion, a price-to-earnings ratio of 11.22, a P/E/G ratio of 2.28 and a beta of 1.15.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,810 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $323,917.60. Following the transaction, the insider now directly owns 44,956 shares of the company’s stock, valued at approximately $8,045,325.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Jennifer Piepszak sold 1,648 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the transaction, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Peter Scher sold 1,810 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $323,917.60. Following the completion of the sale, the insider now directly owns 44,956 shares of the company’s stock, valued at approximately $8,045,325.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,020,696 shares of company stock valued at $186,794,151. Company insiders own 0.79% of the company’s stock.

Institutional Trading of JPMorgan Chase & Co.

A number of institutional investors have recently bought and sold shares of JPM. Stone House Investment Management LLC boosted its holdings in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares during the period. Macroview Investment Management LLC boosted its holdings in JPMorgan Chase & Co. by 7,833.3% in the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 235 shares during the period. Richardson Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $34,000. Bare Financial Services Inc bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $35,000. Finally, Partnership Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $36,000. Institutional investors own 71.55% of the company’s stock.

About JPMorgan Chase & Co.

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.