JPMorgan Chase & Co. (NYSE:JPM) Shares Up 0.5%

JPMorgan Chase & Co. (NYSE:JPM) shares rose 0.5% during mid-day trading on Friday . The company traded as high as $211.04 and last traded at $210.85. Approximately 1,126,042 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 9,144,569 shares. The stock had previously closed at $209.78.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on JPM shares. Evercore ISI boosted their target price on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an "outperform" rating in a report on Monday, July 15th. Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a "market perform" rating in a report on Tuesday, July 9th. Barclays increased their price objective on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an "overweight" rating in a research report on Monday, July 15th. Oppenheimer lifted their target price on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an "outperform" rating in a report on Monday, July 15th. Finally, Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an "overweight" rating in a report on Monday, July 15th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $211.06.

JPMorgan Chase & Co. Stock Performance

The stock has a 50 day moving average of $211.47 and a 200 day moving average of $202.41. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The firm has a market cap of $598.91 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 2.39 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating the consensus estimate of $4.19 by $1.93. The firm had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same period last year, the firm earned $4.37 EPS. As a group, analysts anticipate that JPMorgan Chase & Co. will post 16.72 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, October 4th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.38%. JPMorgan Chase & Co.'s dividend payout ratio is presently 25.66%.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Wealth Strategies LLC. bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $1,145,000. Cooper Financial Group lifted its stake in shares of JPMorgan Chase & Co. by 12.8% in the 1st quarter. Cooper Financial Group now owns 8,693 shares of the financial services provider's stock valued at $1,741,000 after acquiring an additional 984 shares during the last quarter. Spartan Planning & Wealth Management boosted its holdings in shares of JPMorgan Chase & Co. by 257.3% during the 4th quarter. Spartan Planning & Wealth Management now owns 3,780 shares of the financial services provider's stock valued at $643,000 after acquiring an additional 2,722 shares in the last quarter. jvl associates llc grew its position in JPMorgan Chase & Co. by 59.8% during the 1st quarter. jvl associates llc now owns 1,911 shares of the financial services provider's stock worth $383,000 after acquiring an additional 715 shares during the last quarter. Finally, Rowlandmiller & PARTNERS.ADV grew its holdings in shares of JPMorgan Chase & Co. by 1.3% during the first quarter. Rowlandmiller & PARTNERS.ADV now owns 25,963 shares of the financial services provider's stock worth $5,201,000 after purchasing an additional 330 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

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.