JPMorgan Chase & Co. (NYSE:JPM) Trading 1.1% Higher - Still a Buy?

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up 1.1% during trading on Wednesday . The company traded as high as $251.41 and last traded at $251.93. 2,043,481 shares were traded during trading, a decline of 79% from the average session volume of 9,607,737 shares. The stock had previously closed at $249.25.

Wall Street Analyst Weigh In

JPM has been the topic of several research analyst reports. UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. KGI Securities initiated coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating for the company. StockNews.com downgraded JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a research report on Tuesday. Truist Financial set a $261.00 price target on JPMorgan Chase & Co. in a report on Monday, April 14th. Finally, Baird R W raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $255.67.

JPMorgan Chase & Co. Stock Up 0.5 %

The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a market capitalization of $697.16 billion, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The firm's fifty day moving average is $238.65 and its 200-day moving average is $245.08.

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

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th were given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.24%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date was Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the sale, the insider now directly owns 49,127 shares of the company's stock, valued at approximately $12,130,438.84. The trade was a 2.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the transaction, the chief executive officer now owns 158,381 shares in the company, valued at $42,737,529.04. The trade was a 19.14 % 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 ninety days. Insiders own 0.47% of the company's stock.

Institutional Trading of JPMorgan Chase & Co.

Several hedge funds have recently added to or reduced their stakes in JPM. Metis Global Partners LLC raised its holdings in JPMorgan Chase & Co. by 9.9% during the 1st quarter. Metis Global Partners LLC now owns 177,049 shares of the financial services provider's stock valued at $43,430,000 after acquiring an additional 15,926 shares during the period. Capital City Trust Co. FL increased its stake in JPMorgan Chase & Co. by 6.6% in the first quarter. Capital City Trust Co. FL now owns 17,123 shares of the financial services provider's stock valued at $4,200,000 after acquiring an additional 1,061 shares during the last quarter. Valued Retirements Inc. raised its position in JPMorgan Chase & Co. by 6.6% during the first quarter. Valued Retirements Inc. now owns 1,376 shares of the financial services provider's stock valued at $338,000 after purchasing an additional 85 shares in the last quarter. Waddell & Associates LLC increased its position in shares of JPMorgan Chase & Co. by 5.5% during the 1st quarter. Waddell & Associates LLC now owns 11,877 shares of the financial services provider's stock valued at $2,913,000 after purchasing an additional 617 shares during the last quarter. Finally, Texas Yale Capital Corp. raised its holdings in shares of JPMorgan Chase & Co. by 0.5% during the 1st quarter. Texas Yale Capital Corp. now owns 110,123 shares of the financial services provider's stock valued at $27,013,000 after buying an additional 565 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.