JPMorgan Chase & Co. (NYSE:JPM) Shares Up 1.3%

JPMorgan Chase & Co. (NYSE:JPM)’s share price shot up 1.3% during trading on Monday . The company traded as high as $207.09 and last traded at $204.89. 2,860,015 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 9,208,692 shares. The stock had previously closed at $202.26.

Analyst Upgrades and Downgrades

A number of research firms have commented on JPM. Robert W. Baird lifted their target price on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Evercore ISI raised their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Royal Bank of Canada restated an “outperform” rating and issued a $211.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Finally, Morgan Stanley dropped their price target on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.10.

JPMorgan Chase & Co. Stock Up 1.6 %

The company has a 50 day simple moving average of $197.23 and a two-hundred day simple moving average of $186.57. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $599.69 billion, a P/E ratio of 12.61, a PEG ratio of 2.72 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The firm had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. As a group, equities analysts predict that JPMorgan Chase & Co. will post 16.45 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.20%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Insider Activity at JPMorgan Chase & Co.

In related news, 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 value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the sale, the general counsel now owns 42,124 shares in the company, valued at $8,452,180.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ashley Bacon sold 5,086 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total value of $984,853.04. Following the sale, the insider now owns 217,351 shares of the company’s stock, valued at approximately $42,087,847.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 250,565 shares of company stock worth $46,962,717. Company insiders own 0.79% of the company’s stock.

Institutional Trading of JPMorgan Chase & Co.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $6,016,878,000. International Assets Investment Management LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $1,017,893,000. Wellington Management Group LLP grew its position in JPMorgan Chase & Co. by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after purchasing an additional 4,603,090 shares during the period. Swedbank AB acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth about $800,130,000. Finally, Capital Research Global Investors grew its position in JPMorgan Chase & Co. by 23.3% during the 1st quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider’s stock worth $3,445,185,000 after purchasing an additional 3,252,451 shares during the period. Hedge funds and other 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.