JPMorgan Chase & Co. (NYSE:JPM) Trading Up 1.1%

JPMorgan Chase & Co. (NYSE:JPM)'s share price rose 1.1% during trading on Tuesday . The company traded as high as $191.80 and last traded at $191.40. Approximately 1,948,893 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 9,399,279 shares. The stock had previously closed at $189.41.

Analyst Ratings Changes

JPM has been the subject of a number of research analyst reports. Royal Bank of Canada reissued an "outperform" rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. The Goldman Sachs Group reissued a "buy" rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Oppenheimer reduced their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an "outperform" rating for the company in a report on Monday, April 15th. Jefferies Financial Group lifted their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a "buy" rating in a report on Monday, April 8th. Finally, BMO Capital Markets reduced their target price on JPMorgan Chase & Co. from $196.00 to $195.00 and set a "market perform" rating for the company in a report on Monday, April 15th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $192.05.

JPMorgan Chase & Co. Stock Up 1.4 %

The company has a fifty day simple moving average of $189.46 and a 200-day simple moving average of $169.90. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The firm has a market cap of $551.76 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 2.34 and a beta of 1.15.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.39%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.'s payout ratio is presently 27.78%.

Insider Activity

In other news, CEO Jennifer Piepszak sold 1,648 shares of the business's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Jennifer Piepszak sold 1,648 shares of the business's stock in a transaction dated Friday, February 16th. The stock was 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 in the company, valued at $5,873,288.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Peter Scher sold 1,810 shares of the business's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $323,917.60. Following the completion of the sale, the insider now owns 44,956 shares in the company, valued at $8,045,325.76. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock worth $186,794,151 over the last ninety days. Corporate insiders own 0.79% of the company's stock.

Institutional Investors Weigh In On JPMorgan Chase & Co.

A number of hedge funds have recently made changes to their positions in JPM. Valicenti Advisory Services Inc. increased its stake in JPMorgan Chase & Co. by 2.9% during the third quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider's stock worth $11,586,000 after acquiring an additional 2,220 shares during the last quarter. Etfidea LLC increased its stake in JPMorgan Chase & Co. by 5.4% during the fourth quarter. Etfidea LLC now owns 1,937 shares of the financial services provider's stock worth $329,000 after acquiring an additional 100 shares during the last quarter. TKG Advisors LLC increased its stake in JPMorgan Chase & Co. by 97.6% during the third quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider's stock worth $1,915,000 after acquiring an additional 6,521 shares during the last quarter. Sutton Place Investors LLC increased its stake in JPMorgan Chase & Co. by 179.5% during the fourth quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider's stock worth $2,228,000 after acquiring an additional 8,412 shares during the last quarter. Finally, Alley Investment Management Company LLC increased its stake in JPMorgan Chase & Co. by 0.4% during the third quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider's stock worth $18,405,000 after acquiring an additional 530 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

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.