JPMorgan Chase & Co. (NYSE:JPM) Trading 4.1% Higher - Here's Why

JPMorgan Chase & Co. (NYSE:JPM)'s share price rose 4.1% on Tuesday . The company traded as high as $227.84 and last traded at $223.31. Approximately 5,508,063 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 9,520,499 shares. The stock had previously closed at $214.44.

Analyst Ratings Changes

A number of brokerages recently commented on JPM. UBS Group lifted their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Evercore ISI dropped their target price on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Barclays increased their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Wolfe Research raised shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price objective for the company in a research note on Friday, January 3rd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and a consensus price target of $254.83.

JPMorgan Chase & Co. Stock Up 4.0 %

The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a fifty day simple moving average of $248.89 and a two-hundred day simple moving average of $242.03. The firm has a market capitalization of $660.60 billion, a PE ratio of 11.97, a PEG ratio of 2.83 and a beta of 1.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. The company had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.44 earnings per share. Analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.37%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 28.37%.

Insiders Place Their Bets

In related news, General Counsel Stacey Friedman sold 3,303 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the transaction, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. The trade was a 6.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the sale, the insider now owns 49,127 shares of the company's stock, valued at approximately $12,130,438.84. This trade represents a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 76,848 shares of company stock worth $19,987,908 over the last 90 days. Company insiders own 0.79% of the company's stock.

Institutional Trading of JPMorgan Chase & Co.

Several hedge funds and other institutional investors have recently made changes to their positions in JPM. Redwood Park Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $29,000. Curat Global LLC acquired a new stake in JPMorgan Chase & Co. in the 1st quarter worth approximately $33,000. Sellwood Investment Partners LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $34,000. Investment Counsel Co. of Nevada purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $37,000. Finally, Prudent Man Investment Management Inc. acquired a new position in JPMorgan Chase & Co. during the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Company Profile

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.