JPMorgan Chase & Co. (NYSE:JPM)'s stock price rose 1.1% on Monday . The stock traded as high as $313.74 and last traded at $313.3020. Approximately 8,277,662 shares changed hands during trading, a decline of 24% from the average daily volume of 10,941,596 shares. The stock had previously closed at $309.87.
Key Headlines Impacting JPMorgan Chase & Co.
Here are the key news stories impacting JPMorgan Chase & Co. this week:
Analyst Upgrades and Downgrades
JPM has been the topic of several research analyst reports. Barclays reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, April 1st. Wolfe Research cut JPMorgan Chase & Co. from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 7th. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Sunday, January 18th. The Goldman Sachs Group boosted their price target on JPMorgan Chase & Co. from $352.00 to $365.00 and gave the company a "buy" rating in a research note on Monday, April 6th. Finally, TD Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, January 7th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Hold" and an average target price of $333.17.
View Our Latest Analysis on JPMorgan Chase & Co.
JPMorgan Chase & Co. Stock Up 1.1%
The stock has a market cap of $840.34 billion, a P/E ratio of 15.66, a PEG ratio of 1.54 and a beta of 1.05. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.27. The business has a 50-day simple moving average of $299.10 and a 200-day simple moving average of $306.82.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Tuesday, January 13th. The financial services provider reported $5.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.93 by $0.30. The firm had revenue of $45.80 billion during the quarter, compared to analysts' expectations of $45.98 billion. JPMorgan Chase & Co. had a return on equity of 17.16% and a net margin of 20.35%.The company's revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.81 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Monday, April 6th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, April 6th. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. JPMorgan Chase & Co.'s dividend payout ratio is presently 29.99%.
Insider Activity
In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 8,571 shares of the company's stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $312.79, for a total transaction of $2,680,923.09. Following the completion of the sale, the chief operating officer owned 71,027 shares of the company's stock, valued at $22,216,535.33. This represents a 10.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeremy Barnum sold 2,892 shares of the company's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $306.42, for a total value of $886,166.64. Following the sale, the chief financial officer directly owned 23,804 shares of the company's stock, valued at $7,294,021.68. The trade was a 10.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 72,029 shares of company stock valued at $22,195,693. Insiders own 0.47% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of JPM. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $11,396,496,000. Cardano Risk Management B.V. lifted its holdings in shares of JPMorgan Chase & Co. by 889.3% during the fourth quarter. Cardano Risk Management B.V. now owns 8,673,530 shares of the financial services provider's stock worth $2,794,785,000 after buying an additional 7,796,814 shares during the last quarter. Danske Bank A S acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth approximately $696,885,000. American Assets Investment Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1,172.2% during the fourth quarter. American Assets Investment Management LLC now owns 2,259,400 shares of the financial services provider's stock worth $728,024,000 after buying an additional 2,081,800 shares during the last quarter. Finally, Holocene Advisors LP lifted its holdings in shares of JPMorgan Chase & Co. by 1,033.3% during the third quarter. Holocene Advisors LP now owns 2,155,120 shares of the financial services provider's stock worth $679,790,000 after buying an additional 1,964,958 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.
About JPMorgan Chase & Co.
(
Get Free Report)
JPMorgan Chase & Co NYSE: JPM is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm's principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
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