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

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up 0.8% during mid-day trading on Monday . The stock traded as high as $187.46 and last traded at $184.22. 6,033,866 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 9,197,767 shares. The stock had previously closed at $182.79.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price target for the company from $140.00 to $190.00 in a report on Tuesday, January 9th. Barclays upped their target price on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Finally, Piper Sandler reduced their price objective on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Monday. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.05.

JPMorgan Chase & Co. Stock Performance

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 stock’s fifty day moving average price is $188.39 and its 200-day moving average price is $168.42. The company has a market capitalization of $518.87 billion, a P/E ratio of 10.91, a PEG ratio of 2.30 and a beta of 1.15.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.55%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

Insider Activity

In other news, Vice Chairman Peter Scher sold 1,810 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 44,956 shares in the company, valued at $8,045,325.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Vice Chairman Peter Scher sold 1,810 shares of the firm’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 sale, the insider now owns 44,956 shares of the company’s stock, valued at approximately $8,045,325.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 6,030 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90. Following the sale, the general counsel now directly owns 59,456 shares in the company, valued at approximately $10,864,394.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,020,696 shares of company stock valued at $186,794,151. 0.79% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Stone House Investment Management LLC lifted its holdings in JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after buying an additional 89 shares during the period. Macroview Investment Management LLC lifted its holdings in JPMorgan Chase & Co. by 7,833.3% during the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after buying an additional 235 shares during the period. Bare Financial Services Inc acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth about $35,000. Partnership Wealth Management LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth about $36,000. Finally, Briaud Financial Planning Inc acquired a new position in JPMorgan Chase & Co. during the 3rd quarter worth about $40,000. 71.55% of the stock is owned by institutional investors and hedge funds.

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.