JPMorgan Chase & Co. (NYSE:JPM) Stock Price Up 0.1%

JPMorgan Chase & Co. (NYSE:JPM) shares rose 0.1% on Wednesday . The stock traded as high as $192.53 and last traded at $192.02. Approximately 2,105,271 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 9,277,042 shares. The stock had previously closed at $191.74.

Analyst Ratings Changes

JPM has been the topic of several analyst reports. Bank of America increased their target price on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a "buy" rating in a report on Thursday, January 4th. The Goldman Sachs Group reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a "market perform" rating in a research report on Friday, April 5th. UBS Group lowered their price objective on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a "buy" rating for the company in a research report on Tuesday, April 16th. Finally, BMO Capital Markets lowered their price objective on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a "market perform" rating for the company in a research report on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $192.05.

JPMorgan Chase & Co. Trading Up 0.1 %

The business's 50 day moving average price is $191.10 and its 200-day moving average price is $171.70. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The company has a market cap of $551.04 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 2.42 and a beta of 1.15.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, April 4th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO James Dimon sold 178,222 shares of the firm's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares in the company, valued at approximately $48,708,426.98. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares in the company, valued at approximately $48,708,426.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the completion of the sale, the general counsel now owns 59,456 shares of the company's stock, valued at approximately $10,864,394.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is owned by insiders.

Institutional Trading of JPMorgan Chase & Co.

Several hedge funds and other institutional investors have recently bought and sold shares of JPM. Etfidea LLC raised its position in shares of JPMorgan Chase & Co. by 5.4% in the 4th quarter. Etfidea LLC now owns 1,937 shares of the financial services provider's stock valued at $329,000 after buying an additional 100 shares in the last quarter. TKG Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 97.6% in the 3rd quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider's stock valued at $1,915,000 after buying an additional 6,521 shares in the last quarter. Sutton Place Investors LLC grew its holdings in shares of JPMorgan Chase & Co. by 179.5% during the 4th quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider's stock valued at $2,228,000 after purchasing an additional 8,412 shares during the last quarter. Alley Investment Management Company LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 3rd quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider's stock valued at $18,405,000 after purchasing an additional 530 shares during the last quarter. Finally, Allen Investment Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 15.8% during the 3rd quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider's stock valued at $25,341,000 after purchasing an additional 23,894 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

About JPMorgan Chase & Co.

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.