Shares of JPMorgan Chase & Co. (NYSE:JPM) gapped up prior to trading on Friday . The stock had previously closed at $64.31, but opened at $64.56. JPMorgan Chase & Co. shares last traded at $66.32, with a volume of 9,465,014 shares changing hands.

Several research firms recently issued reports on JPM. Barclays PLC restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Wells Fargo & Co. restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. BMO Capital Markets restated a “buy” rating and issued a $74.00 price target (down from $77.00) on shares of JPMorgan Chase & Co. in a research note on Sunday, July 17th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Sunday, July 17th. Finally, Jefferies Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Sunday, July 17th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty-four have issued a buy rating to the company. JPMorgan Chase & Co. presently has an average rating of “Buy” and an average target price of $71.18.

The stock has a market cap of $239.44 billion and a price-to-earnings ratio of 11.24. The stock has a 50-day moving average of $62.79 and a 200 day moving average of $61.02.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Thursday, July 14th. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.12. During the same period last year, the firm earned $1.54 EPS. The firm had revenue of $24.40 billion for the quarter, compared to the consensus estimate of $23.84 billion. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts expect that JPMorgan Chase & Co. will post $5.63 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th were issued a $0.48 dividend. The ex-dividend date was Friday, July 1st. This represents a $1.92 annualized dividend and a dividend yield of 2.90%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.44.

In other news, insider Ashley Bacon sold 15,521 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $63.97, for a total value of $992,878.37. Following the transaction, the insider now owns 14,938 shares in the company, valued at $955,583.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Gordon Smith sold 23,735 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $64.05, for a total value of $1,520,226.75. Following the completion of the transaction, the executive vice president now owns 152,462 shares in the company, valued at approximately $9,765,191.10. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently added to or reduced their stakes in the company. LBA Wealth Management LLC increased its position in JPMorgan Chase & Co. by 2.6% in the fourth quarter. LBA Wealth Management LLC now owns 24,407 shares of the financial services provider’s stock valued at $1,612,000 after buying an additional 625 shares in the last quarter. Grandfield & Dodd LLC increased its position in JPMorgan Chase & Co. by 1.2% in the fourth quarter. Grandfield & Dodd LLC now owns 32,696 shares of the financial services provider’s stock valued at $2,159,000 after buying an additional 380 shares in the last quarter. Smead Capital Management Inc. increased its position in JPMorgan Chase & Co. by 36.5% in the fourth quarter. Smead Capital Management Inc. now owns 2,100,441 shares of the financial services provider’s stock valued at $113,490,000 after buying an additional 561,204 shares in the last quarter. Banque Pictet & Cie SA increased its position in JPMorgan Chase & Co. by 4.6% in the fourth quarter. Banque Pictet & Cie SA now owns 45,705 shares of the financial services provider’s stock valued at $3,018,000 after buying an additional 2,006 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its position in JPMorgan Chase & Co. by 0.3% in the fourth quarter. Eagle Asset Management Inc. now owns 836,192 shares of the financial services provider’s stock valued at $55,213,000 after buying an additional 2,797 shares in the last quarter.

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.