JPMorgan Chase & Co. (NYSE:JPM) Trading Up 0.3% - Should You Buy?

JPMorgan Chase & Co. (NYSE:JPM)'s share price shot up 0.3% during mid-day trading on Thursday . The stock traded as high as $242.62 and last traded at $241.66. 2,598,356 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 9,587,712 shares. The stock had previously closed at $240.88.

Analyst Ratings Changes

JPM has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a report on Thursday, January 16th. StockNews.com lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a research note on Monday, April 14th. Truist Financial set a $261.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, April 14th. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, Bank of America cut their price target on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and an average target price of $255.67.

JPMorgan Chase & Co. Price Performance

The business has a fifty day moving average of $240.91 and a 200 day moving average of $243.61. The firm has a market cap of $677.58 billion, a P/E ratio of 12.33, a PEG ratio of 2.83 and a beta of 1.01. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same period in the previous year, the company posted $4.44 EPS. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be given a $1.40 dividend. The ex-dividend date is Friday, April 4th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a dividend yield of 2.30%. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

Insider Buying and Selling

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the transaction, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. This represents a 19.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the transaction, the chief operating officer now owns 54,469 shares in the company, valued at approximately $14,698,459.65. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,545 shares of company stock valued at $19,149,144. Company insiders own 0.47% of the company's stock.

Institutional Trading of JPMorgan Chase & Co.

Several large investors have recently modified their holdings of JPM. West Bancorporation Inc. lifted its position in JPMorgan Chase & Co. by 1.8% during the first quarter. West Bancorporation Inc. now owns 5,400 shares of the financial services provider's stock worth $1,325,000 after purchasing an additional 97 shares during the period. Kampmann Melissa S. lifted its holdings in shares of JPMorgan Chase & Co. by 0.7% during the 1st quarter. Kampmann Melissa S. now owns 19,931 shares of the financial services provider's stock worth $4,889,000 after acquiring an additional 135 shares during the period. Mather Group LLC. lifted its holdings in shares of JPMorgan Chase & Co. by 14.9% during the 1st quarter. Mather Group LLC. now owns 20,918 shares of the financial services provider's stock worth $5,131,000 after acquiring an additional 2,705 shares during the period. Heritage Investment Group Inc. increased its stake in JPMorgan Chase & Co. by 8.1% in the first quarter. Heritage Investment Group Inc. now owns 5,108 shares of the financial services provider's stock valued at $1,253,000 after acquiring an additional 381 shares during the last quarter. Finally, Oceanside Advisors LLC raised its position in JPMorgan Chase & Co. by 3.5% during the first quarter. Oceanside Advisors LLC now owns 2,245 shares of the financial services provider's stock valued at $551,000 after purchasing an additional 75 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.