JPMorgan Global Growth & Income (LON:JGGI) Stock Price Up 0.9% - Here's What Happened

JPMorgan Global Growth & Income (LON:JGGI - Get Free Report) shares were up 0.9% during mid-day trading on Tuesday . The stock traded as high as GBX 595 ($7.28) and last traded at GBX 589 ($7.21). Approximately 1,157,974 shares were traded during trading, a decline of 29% from the average daily volume of 1,629,137 shares. The stock had previously closed at GBX 584 ($7.15).

JPMorgan Global Growth & Income Price Performance

The company has a market cap of £2.95 billion, a P/E ratio of 688.51 and a beta of 0.61. The company has a debt-to-equity ratio of 6.71, a quick ratio of 5.88 and a current ratio of 30.12. The stock has a 50-day simple moving average of GBX 587.48 and a 200 day simple moving average of GBX 570.93.

JPMorgan Global Growth & Income Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, January 6th. Shareholders of record on Thursday, November 21st were paid a GBX 5.70 ($0.07) dividend. This represents a yield of 0.96%. The ex-dividend date of this dividend was Thursday, November 21st. JPMorgan Global Growth & Income's dividend payout ratio is currently 2,643.68%.

Insider Activity

In other news, insider Sarah Whitney purchased 3,882 shares of the business's stock in a transaction dated Friday, October 25th. The shares were acquired at an average price of GBX 576 ($7.05) per share, with a total value of £22,360.32 ($27,368.81). 7.92% of the stock is currently owned by corporate insiders.

About JPMorgan Global Growth & Income

A distinctive strategy for today's markets JPMorgan Global Growth & Income plc provides the best of both worlds. The manager focuses on investing in the best ideas from across the world's stock market, whilst the Company delivers a predictable quarterly income distribution – set at the beginning of its financial year. Key points: Expertise - Tapping into the local proprietary analysis of JPMorgan's award winning and experienced global research team. Portfolio - A global best ideas – go anywhere – portfolio, with the manager focused on identifying companies that will provide the best total returns. Results - Provides the best of both worlds - predictable quarterly income and long-term growth from the best global ideas.