JPMorgan Chase & Co. (NYSE:JPM) Trading Up 0.2%

Shares of JPMorgan Chase & Co. (NYSE:JPM) shot up 0.2% during mid-day trading on Tuesday . The company traded as high as $211.25 and last traded at $210.76. 1,282,542 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 9,250,976 shares. The stock had previously closed at $210.28.

Analysts Set New Price Targets

Several analysts have weighed in on JPM shares. Citigroup lifted their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Tuesday, July 9th. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Oppenheimer boosted their price target on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $202.89.

JPMorgan Chase & Co. Stock Performance

The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. The firm has a market capitalization of $599.23 billion, a PE ratio of 11.69, a P/E/G ratio of 2.47 and a beta of 1.12. The firm has a fifty day moving average price of $202.11 and a 200 day moving average price of $191.20.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. During the same period in the prior year, the firm earned $4.37 earnings per share. Research analysts anticipate that JPMorgan Chase & Co. will post 16.67 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is 25.66%.

Insiders Place Their Bets

In other news, insider Ashley Bacon sold 5,086 shares of the stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the transaction, the insider now owns 217,351 shares in the company, valued at approximately $42,087,847.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mary E. Erdoes sold 15,895 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $193.66, for a total transaction of $3,078,225.70. Following the completion of the sale, the chief executive officer now directly owns 585,898 shares of the company’s stock, valued at $113,465,006.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,343 shares of company stock worth $14,137,789. Corporate insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

A number of hedge funds have recently modified their holdings of JPM. Steigerwald Gordon & Koch Inc. boosted its position in JPMorgan Chase & Co. by 0.5% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 129,902 shares of the financial services provider’s stock worth $22,096,000 after purchasing an additional 699 shares during the period. Cowa LLC grew its holdings in JPMorgan Chase & Co. by 9.3% in the 4th quarter. Cowa LLC now owns 2,905 shares of the financial services provider’s stock valued at $494,000 after buying an additional 246 shares during the last quarter. Howard Capital Management Group LLC raised its position in shares of JPMorgan Chase & Co. by 1.1% during the fourth quarter. Howard Capital Management Group LLC now owns 211,334 shares of the financial services provider’s stock valued at $35,948,000 after buying an additional 2,214 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of JPMorgan Chase & Co. by 33.4% in the 4th quarter. Pacer Advisors Inc. now owns 245,786 shares of the financial services provider’s stock worth $41,808,000 after acquiring an additional 61,491 shares during the period. Finally, Exeter Financial LLC boosted its stake in JPMorgan Chase & Co. by 6.4% during the fourth quarter. Exeter Financial LLC now owns 2,158 shares of the financial services provider’s stock worth $368,000 after buying an additional 130 shares in the last quarter. 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.