JPMorgan Chase & Co. (NYSE:JPM) Trading Down 0.2%

JPMorgan Chase & Co. (NYSE:JPM)’s share price fell 0.2% during trading on Wednesday . The company traded as low as $190.17 and last traded at $191.71. 1,553,488 shares changed hands during trading, a decline of 83% from the average session volume of 9,393,007 shares. The stock had previously closed at $192.14.

Analyst Ratings Changes

A number of research firms recently commented on JPM. Morgan Stanley dropped 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. Jefferies Financial Group lifted their price objective on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Bank of America lifted their price objective on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Finally, Piper Sandler lowered their price target on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a 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 stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average target price of $192.05.

JPMorgan Chase & Co. Stock Performance

The company has a market cap of $554.54 billion, a P/E ratio of 11.57, a PEG ratio of 2.38 and a beta of 1.15. The firm has a 50 day moving average of $189.46 and a 200-day 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.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be given a dividend of $1.15 per share. The ex-dividend date is Thursday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.38%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO James Dimon sold 821,778 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the sale, the chief executive officer now directly owns 595,316 shares in the company, valued at approximately $108,782,092.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the transaction, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO James Dimon sold 821,778 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the transaction, the chief executive officer now owns 595,316 shares of the company’s stock, valued at $108,782,092.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,020,696 shares of company stock worth $186,794,151. Insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Institutional investors have recently added to or reduced their stakes in the business. First Citizens Financial Corp raised its stake in JPMorgan Chase & Co. by 6.0% during the third quarter. First Citizens Financial Corp now owns 10,756 shares of the financial services provider’s stock valued at $1,560,000 after buying an additional 609 shares in the last quarter. Global Strategic Investment Solutions LLC raised its stake in JPMorgan Chase & Co. by 13.6% during the third quarter. Global Strategic Investment Solutions LLC now owns 2,052 shares of the financial services provider’s stock valued at $298,000 after buying an additional 245 shares in the last quarter. TI Trust Inc. raised its stake in JPMorgan Chase & Co. by 1.4% during the third quarter. TI Trust Inc. now owns 8,788 shares of the financial services provider’s stock valued at $1,274,000 after buying an additional 118 shares in the last quarter. OneAscent Financial Services LLC raised its stake in JPMorgan Chase & Co. by 1.2% during the third quarter. OneAscent Financial Services LLC now owns 6,388 shares of the financial services provider’s stock valued at $926,000 after buying an additional 75 shares in the last quarter. Finally, Strategic Advisors LLC raised its stake in JPMorgan Chase & Co. by 4.1% during the third quarter. Strategic Advisors LLC now owns 43,914 shares of the financial services provider’s stock valued at $6,368,000 after buying an additional 1,720 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

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.