JPMorgan Chase & Co. (NYSE:JPM) Shares Up 0.8%

JPMorgan Chase & Co. (NYSE:JPM) shares shot up 0.8% during trading on Friday . The company traded as high as $183.15 and last traded at $182.79. 2,316,235 shares were traded during trading, a decline of 75% from the average session volume of 9,321,271 shares. The stock had previously closed at $181.25.

Analysts Set New Price Targets

JPM has been the topic of a number of research analyst reports. Piper Sandler lowered their target price on JPMorgan Chase & Co. from $220.00 to $215.00 and set an "overweight" rating on the stock in a report on Monday. BMO Capital Markets reduced their price target on JPMorgan Chase & Co. from $196.00 to $195.00 and set a "market perform" rating for the company in a report on Monday. Evercore ISI lifted their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an "outperform" rating in a research report on Thursday, April 4th. Barclays boosted their price objective on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an "overweight" rating in a research report on Tuesday, January 2nd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $192.05.

JPMorgan Chase & Co. Stock Up 2.5 %

The business's 50 day simple moving average is $188.83 and its 200 day simple moving average is $168.88. The company has a market capitalization of $533.63 billion, a PE ratio of 11.22, a P/E/G ratio of 2.26 and a beta of 1.15. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be given a $1.15 dividend. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. This represents a $4.60 annualized dividend and a yield of 2.48%. JPMorgan Chase & Co.'s dividend payout ratio is 27.78%.

Insiders Place Their Bets

In other news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the sale, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Jennifer Piepszak sold 1,648 shares of the company's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the sale, the chief executive officer now directly owns 32,819 shares of the company's stock, valued at $5,873,288.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lori A. Beer sold 3,920 shares of the business's stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the sale, the insider now owns 64,783 shares of the company's stock, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is owned by insiders.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Large investors have recently made changes to their positions in the business. Stone House Investment Management LLC grew its holdings in JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 89 shares during the last quarter. Macroview Investment Management LLC lifted its stake in JPMorgan Chase & Co. by 7,833.3% in the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 235 shares in the last quarter. Richardson Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $34,000. Bare Financial Services Inc acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $35,000. Finally, Partnership Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 71.55% of the company's stock.

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.