JPMorgan China Growth & Income (LON:JCGI) Stock Price Up 2.6% – Here’s Why

Shares of JPMorgan China Growth & Income plc (LON:JCGI) rose 2.6% on Monday . The company traded as high as GBX 256 ($3.22) and last traded at GBX 255 ($3.21). Approximately 309,306 shares were traded during mid-day trading, an increase of 29% from the average daily volume of 240,501 shares. The stock had previously closed at GBX 248.50 ($3.13).

JPMorgan China Growth & Income Price Performance

The firm has a 50-day moving average price of GBX 227.60 and a two-hundred day moving average price of GBX 219.54. The firm has a market capitalization of £212.21 million, a P/E ratio of 33.60 and a beta of 0.47.

JPMorgan China Growth & Income (LON:JCGI) last released its quarterly earnings data on Monday, December 9th. The company reported GBX 3.39 ($0.04) earnings per share (EPS) for the quarter. JPMorgan China Growth & Income had a net margin of 72.25% and a return on equity of 2.99%.

JPMorgan China Growth & Income Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 16th will be issued a dividend of GBX 2.73 ($0.03) per share. The ex-dividend date is Thursday, January 16th. This represents a yield of 1.27%. JPMorgan China Growth & Income’s payout ratio is currently 145.51%.

Insider Buying and Selling at JPMorgan China Growth & Income

In related news, insider Nicholas Bannerman acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average price of GBX 223 ($2.81) per share, with a total value of £11,150 ($14,030.45). 1.23% of the stock is currently owned by corporate insiders.

JPMorgan China Growth & Income Company Profile

Strategic thinking for Chinese markets
JPMorgan China Growth & Income plc aims to provide the best of both worlds. The Manager focuses on investing in Chinese companies listed on domestic exchanges and companies in Greater China by focusing on the growth of “New China” – companies and sectors that are capitalising on the transition of the country to a more consumer-driven economy – whilst the Company aims to deliver a predictable quarterly income distribution – announced at the start of each financial year.
Key points

Expertise – Strong focus on research capabilities, with investment teams based in Hong Kong, Taiwan and mainland China.
Portfolio – Focuses on companies benefiting from the transition of China to a consumer-driven economy.
Results – Benefits from the economic transformation and evolving role of China as a global economic superpower while aiming to deliver a predictable quarterly income.

Why invest in this trust
The first investment trust to focus purely on the greater China region, the JPMorgan China Growth & Income plc capitalises on our extensive local knowledge and experience to find attractive opportunities in China, Taiwan and Hong Kong.