JPMorgan Chase & Co. (NYSE:JPM) Stock Price Up 0.4%

JPMorgan Chase & Co. (NYSE:JPM) rose 0.4% during trading on Tuesday . The stock traded as high as $199.61 and last traded at $199.58. Approximately 1,689,985 shares traded hands during trading, a decline of 81% from the average daily volume of 9,128,811 shares. The stock had previously closed at $198.73.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on JPM shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $185.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Piper Sandler reduced their price target on JPMorgan Chase & Co. from $220.00 to $215.00 and set an "overweight" rating for the company in a research report on Monday, April 15th. Morgan Stanley lowered their price objective on JPMorgan Chase & Co. from $221.00 to $216.00 and set an "overweight" rating on the stock in a research report on Monday, April 15th. Evercore ISI increased their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an "outperform" rating in a report on Thursday, April 4th. Finally, Jefferies Financial Group lifted their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a "buy" rating in a report on Monday, April 8th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and a consensus price target of $192.05.

JPMorgan Chase & Co. Stock Up 1.4 %

The firm has a 50-day moving average of $192.71 and a two-hundred day moving average of $174.77. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $578.67 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 2.45 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The firm had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. Equities research analysts predict that JPMorgan Chase & Co. will post 16.21 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.28%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, April 4th. JPMorgan Chase & Co.'s payout ratio is presently 27.78%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 6,030 shares of the business's 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 transaction, the general counsel now directly owns 59,456 shares of the company's stock, valued at $10,864,394.88. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Marianne Lake sold 11,734 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $200.02, for a total transaction of $2,347,034.68. Following the sale, the chief executive officer now owns 122,740 shares in the company, valued at $24,550,454.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the transaction, the general counsel now directly owns 59,456 shares in the company, valued at approximately $10,864,394.88. The disclosure for this sale can be found here. Insiders have sold 1,078,240 shares of company stock valued at $197,968,219 in the last quarter. Corporate insiders own 0.79% of the company's stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Institutional investors have recently modified their holdings of the business. Rodgers Brothers Inc. increased its stake in JPMorgan Chase & Co. by 27.8% in the 1st quarter. Rodgers Brothers Inc. now owns 8,509 shares of the financial services provider's stock valued at $1,704,000 after buying an additional 1,850 shares during the period. Axxcess Wealth Management LLC lifted its position in JPMorgan Chase & Co. by 3.9% in the first quarter. Axxcess Wealth Management LLC now owns 167,057 shares of the financial services provider's stock valued at $33,462,000 after purchasing an additional 6,280 shares during the period. EP Wealth Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 0.7% in the 1st quarter. EP Wealth Advisors LLC now owns 640,857 shares of the financial services provider's stock valued at $128,364,000 after purchasing an additional 4,253 shares in the last quarter. Freestone Capital Holdings LLC increased its position in JPMorgan Chase & Co. by 4.2% during the 1st quarter. Freestone Capital Holdings LLC now owns 106,829 shares of the financial services provider's stock worth $21,398,000 after purchasing an additional 4,296 shares during the period. Finally, CreativeOne Wealth LLC lifted its holdings in shares of JPMorgan Chase & Co. by 49.5% in the 1st quarter. CreativeOne Wealth LLC now owns 21,739 shares of the financial services provider's stock valued at $4,355,000 after buying an additional 7,197 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

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.