JPMorgan Chase & Co. (NYSE:JPM) Stock Price Up 2.6%

Shares of JPMorgan Chase & Co. (NYSE:JPM) rose 2.6% during mid-day trading on Tuesday . The stock traded as high as $199.90 and last traded at $199.88. Approximately 2,765,037 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 9,273,179 shares. The stock had previously closed at $194.90.

Analyst Upgrades and Downgrades

JPM has been the subject of several recent research reports. Barclays boosted their price target on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $211.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Jefferies Financial Group boosted their price target on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Piper Sandler boosted their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Finally, Evercore ISI upped their target price on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $205.71.

JPMorgan Chase & Co. Stock Up 2.8 %

The company has a market capitalization of $575.31 billion, a P/E ratio of 11.16, a PEG ratio of 2.42 and a beta of 1.12. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. The stock has a 50 day moving average price of $203.36 and a 200 day moving average price of $193.51.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The business had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period in the prior year, the business posted $4.37 earnings per share. On average, research analysts anticipate that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were issued a $1.15 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.30%. JPMorgan Chase & Co.’s payout ratio is 25.66%.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Mary E. Erdoes sold 15,895 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $193.66, for a total value of $3,078,225.70. Following the completion of the sale, the chief executive officer now directly owns 585,898 shares in the company, valued at $113,465,006.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 15,895 shares of the stock in a transaction dated 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 in the company, valued at approximately $113,465,006.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robin Leopold sold 3,000 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $198.86, for a total value of $596,580.00. Following the sale, the insider now owns 44,113 shares of the company’s stock, valued at $8,772,311.18. The disclosure for this sale can be found here. Insiders sold 50,514 shares of company stock worth $9,970,414 over the last three months. Company insiders own 0.79% of the company’s stock.

Institutional Trading of JPMorgan Chase & Co.

Large investors have recently bought and sold shares of the business. ERTS Wealth Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 3.2% during the 4th quarter. ERTS Wealth Advisors LLC now owns 4,823 shares of the financial services provider’s stock worth $820,000 after purchasing an additional 148 shares in the last quarter. Independence Bank of Kentucky lifted its position in JPMorgan Chase & Co. by 21.9% in the 4th quarter. Independence Bank of Kentucky now owns 35,963 shares of the financial services provider’s stock valued at $6,117,000 after acquiring an additional 6,452 shares in the last quarter. Webster Bank N. A. lifted its position in JPMorgan Chase & Co. by 1.4% in the 4th quarter. Webster Bank N. A. now owns 106,159 shares of the financial services provider’s stock valued at $18,058,000 after acquiring an additional 1,471 shares in the last quarter. Parcion Private Wealth LLC lifted its position in JPMorgan Chase & Co. by 1.3% in the 4th quarter. Parcion Private Wealth LLC now owns 41,428 shares of the financial services provider’s stock valued at $7,047,000 after acquiring an additional 516 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC lifted its position in JPMorgan Chase & Co. by 7.6% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 8,905 shares of the financial services provider’s stock valued at $1,514,000 after acquiring an additional 630 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Company Profile

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.