JPMorgan Chase & Co. (NYSE:JPM) Trading Down 0.6%

Shares of JPMorgan Chase & Co. (NYSE:JPM) dropped 0.6% during mid-day trading on Thursday . The stock traded as low as $190.54 and last traded at $190.69. Approximately 1,336,541 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 9,246,395 shares. The stock had previously closed at $191.86.

Analysts Set New Price Targets

Several brokerages have recently issued reports on JPM. Oppenheimer reduced their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an "outperform" rating on the stock in a research report on Monday, April 15th. Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 20th. Keefe, Bruyette & Woods boosted their target price on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a "market perform" rating in a research note on Friday, April 5th. UBS Group reduced their price target on JPMorgan Chase & Co. from $226.00 to $219.00 and set a "buy" rating on the stock in a research report on Tuesday, April 16th. Finally, Morgan Stanley lowered their price objective on JPMorgan Chase & Co. from $221.00 to $216.00 and set an "overweight" rating for the company in a research report on Monday, April 15th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and an average target price of $192.05.

JPMorgan Chase & Co. Price Performance

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 capitalization of $550.46 billion, a price-to-earnings ratio of 11.57, a P/E/G ratio of 2.40 and a beta of 1.13. The company has a fifty day moving average price of $191.27 and a two-hundred day moving average price of $171.84.

JPMorgan Chase & Co. Increases Dividend

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

Insider Activity

In related news, Vice Chairman Peter Scher sold 1,810 shares of the firm's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $323,917.60. Following the transaction, the insider now owns 44,956 shares of the company's stock, valued at $8,045,325.76. 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 the company's stock in a transaction on 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 transaction, 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 legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Peter Scher sold 1,810 shares of the firm's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $323,917.60. Following the completion of the sale, the insider now owns 44,956 shares of the company's stock, valued at approximately $8,045,325.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,020,696 shares of company stock valued at $186,794,151. Insiders own 0.79% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley lifted its holdings in shares of JPMorgan Chase & Co. by 0.3% in the 3rd quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider's stock valued at $9,127,754,000 after buying an additional 201,441 shares during the period. FMR LLC lifted its holdings in JPMorgan Chase & Co. by 1.2% in the third quarter. FMR LLC now owns 49,417,639 shares of the financial services provider's stock valued at $7,166,546,000 after acquiring an additional 606,382 shares during the period. Wellington Management Group LLP boosted its position in shares of JPMorgan Chase & Co. by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider's stock worth $6,151,997,000 after purchasing an additional 4,603,090 shares in the last quarter. Capital International Investors grew its stake in shares of JPMorgan Chase & Co. by 5.4% during the 4th quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider's stock worth $7,062,094,000 after purchasing an additional 2,128,478 shares during the period. Finally, Norges Bank acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth about $6,016,878,000. 71.55% of the stock is currently 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.