JPMorgan Chase & Co. (NYSE:JPM) Shares Up 0.3% on Analyst Upgrade

JPMorgan Chase & Co. (NYSE:JPM) traded up 0.3% on Wednesday after UBS Group raised their price target on the stock from $219.00 to $224.00. UBS Group currently has a buy rating on the stock. JPMorgan Chase & Co. traded as high as $200.94 and last traded at $200.04. 1,940,806 shares changed hands during trading, a decline of 79% from the average session volume of 9,248,408 shares. The stock had previously closed at $199.52.

JPM has been the topic of several other reports. Morgan Stanley dropped their target price on JPMorgan Chase & Co. from $216.00 to $214.00 and set an "overweight" rating on the stock in a report on Tuesday. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, March 20th. Oppenheimer lowered their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an "outperform" rating on the stock in a report on Monday, April 15th. Robert W. Baird upped their price target on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $194.10.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the sale, the general counsel now owns 42,124 shares in the company, valued at $8,452,180.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Ashley Bacon sold 5,086 shares of the firm's stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the completion of the sale, the insider now directly owns 217,351 shares of the company's stock, valued at approximately $42,087,847.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 4,415 shares of the firm's stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now directly owns 42,124 shares of the company's stock, valued at $8,452,180.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,081,127 shares of company stock worth $198,695,364. 0.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Several institutional investors have recently modified their holdings of JPM. Etfidea LLC increased its holdings in JPMorgan Chase & Co. by 5.4% during the 4th quarter. Etfidea LLC now owns 1,937 shares of the financial services provider's stock worth $329,000 after purchasing an additional 100 shares during the period. TKG Advisors LLC lifted its holdings 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 during the period. Sutton Place Investors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 179.5% in 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 buying an additional 8,412 shares during the period. Allen Investment Management LLC raised its holdings in JPMorgan Chase & Co. by 15.8% in the 3rd quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider's stock worth $25,341,000 after purchasing an additional 23,894 shares during the period. Finally, Breakwater Capital Group raised its holdings in JPMorgan Chase & Co. by 12.3% in the 3rd quarter. Breakwater Capital Group now owns 8,558 shares of the financial services provider's stock worth $1,189,000 after purchasing an additional 934 shares during the period. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Down 0.6 %

The company has a market cap of $569.42 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 2.40 and a beta of 1.13. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The business has a fifty day moving average of $194.32 and a two-hundred day moving average of $177.52.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating analysts' consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The business had revenue of $41.93 billion during the quarter, compared to analysts' expectations of $40.90 billion. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 16.28 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a dividend yield of 2.32%. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.78%.

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.