JPMorgan Chase & Co. (NYSE:JPM) to Issue Quarterly Dividend of $1.40

JPMorgan Chase & Co. (NYSE:JPM) declared a quarterly dividend on Monday, May 19th, RTT News reports. Stockholders of record on Thursday, July 3rd will be given a dividend of 1.40 per share by the financial services provider on Thursday, July 31st. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.12%.

JPMorgan Chase & Co. has increased its dividend payment by an average of 8.1% annually over the last three years and has increased its dividend every year for the last 15 years. JPMorgan Chase & Co. has a payout ratio of 28.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect JPMorgan Chase & Co. to earn $19.42 per share next year, which means the company should continue to be able to cover its $5.60 annual dividend with an expected future payout ratio of 28.8%.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock traded down $2.96 during midday trading on Monday, hitting $264.60. 12,135,079 shares of the company's stock were exchanged, compared to its average volume of 9,657,417. JPMorgan Chase & Co. has a 12-month low of $190.88 and a 12-month high of $280.25. The stock has a market cap of $735.35 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The firm's 50 day simple moving average is $240.72 and its 200 day simple moving average is $247.26. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. The firm had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.44 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the sale, the chief executive officer now owns 158,381 shares of the company's stock, valued at approximately $42,737,529.04. This represents a 19.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the sale, the insider now directly owns 50,377 shares of the company's stock, valued at approximately $13,606,323.93. This trade represents a 2.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,188 shares of company stock worth $33,095,363 over the last quarter. Insiders own 0.47% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in JPMorgan Chase & Co. stock. Brighton Jones LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 11.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 48,732 shares of the financial services provider's stock after purchasing an additional 4,841 shares during the period. Brighton Jones LLC's holdings in JPMorgan Chase & Co. were worth $11,682,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 71.55% of the company's stock.

Analyst Ratings Changes

JPM has been the subject of several recent research reports. StockNews.com raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. UBS Group upped their price target on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, April 17th. KGI Securities assumed coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They set a "hold" rating on the stock. Truist Financial set a $261.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, April 14th. Finally, Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and raised their price target for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and a consensus target price of $258.26.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

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