JPMorgan Chase & Co. (NYSE:JPM) Stock Price Up 0%

JPMorgan Chase & Co. (NYSE:JPM) shares rose 0% during mid-day trading on Tuesday . The company traded as high as $200.07 and last traded at $198.97. Approximately 1,392,482 shares traded hands during trading, a decline of 85% from the average daily volume of 9,187,798 shares. The stock had previously closed at $198.88.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wells Fargo & Company upped 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. Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a research report on Tuesday, May 21st. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 21st. Morgan Stanley reduced their price target on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, May 21st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $211.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $194.10.

Check Out Our Latest Stock Report on JPM

JPMorgan Chase & Co. Price Performance

The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. The company has a fifty day moving average price of $195.52 and a 200 day moving average price of $185.17. The company has a market capitalization of $571.00 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 2.64 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. The firm had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 16.44 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. 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 sale, the insider now directly owns 217,351 shares in the company, valued at $42,087,847.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the transaction, the chief executive officer now owns 264,461 shares in the company, valued at approximately $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total transaction of $984,853.04. Following the completion of the sale, the insider now owns 217,351 shares in the company, valued at $42,087,847.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 250,565 shares of company stock worth $46,962,717. 0.79% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Cape Investment Advisory Inc. boosted its stake in shares of JPMorgan Chase & Co. by 2.9% during the 1st quarter. Cape Investment Advisory Inc. now owns 4,325 shares of the financial services provider’s stock worth $866,000 after acquiring an additional 120 shares in the last quarter. Chelsea Counsel Co. boosted its position in shares of JPMorgan Chase & Co. by 3.6% in the 1st quarter. Chelsea Counsel Co. now owns 2,092 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 73 shares during the period. SRN Advisors LLC increased its stake in JPMorgan Chase & Co. by 9.8% in the 1st quarter. SRN Advisors LLC now owns 8,386 shares of the financial services provider’s stock worth $1,680,000 after purchasing an additional 748 shares in the last quarter. NBW Capital LLC increased its stake in JPMorgan Chase & Co. by 2.7% in the 1st quarter. NBW Capital LLC now owns 52,315 shares of the financial services provider’s stock worth $10,479,000 after purchasing an additional 1,351 shares in the last quarter. Finally, Keynote Financial Services LLC purchased a new stake in JPMorgan Chase & Co. during the first quarter valued at about $1,309,000. Institutional investors own 71.55% of the company’s stock.

About JPMorgan Chase & Co.

(Get Free Report)

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.

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