JPMorgan Chase & Co. (NYSE:JPM) Shares Up 0.2% – Still a Buy?

JPMorgan Chase & Co. (NYSE:JPM)’s share price was up 0.2% during trading on Monday . The company traded as high as $213.30 and last traded at $211.54. Approximately 1,725,596 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 9,109,588 shares. The stock had previously closed at $211.22.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on JPM shares. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Citigroup increased their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Keefe, Bruyette & Woods boosted their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. Finally, Wells Fargo & Company raised their target price 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. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $212.13.

JPMorgan Chase & Co. Price Performance

The company’s 50 day simple moving average is $211.21 and its 200 day simple moving average is $203.32. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $604.14 billion, a PE ratio of 11.75, a PEG ratio of 2.39 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The business had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter in the previous year, the business earned $4.37 earnings per share. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 16.72 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared 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 represents a $5.00 dividend on an annualized basis and a yield of 2.38%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.89%.

Institutional Trading of JPMorgan Chase & Co.

A number of institutional investors have recently modified their holdings of the company. Guardian Asset Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 40.5% in the third quarter. Guardian Asset Advisors LLC now owns 4,661 shares of the financial services provider’s stock worth $984,000 after buying an additional 1,344 shares during the period. Advocate Group LLC lifted its position in JPMorgan Chase & Co. by 0.9% during the 3rd quarter. Advocate Group LLC now owns 44,828 shares of the financial services provider’s stock worth $9,452,000 after acquiring an additional 419 shares in the last quarter. Cypress Wealth Services LLC boosted its holdings in JPMorgan Chase & Co. by 4.5% in the 3rd quarter. Cypress Wealth Services LLC now owns 9,984 shares of the financial services provider’s stock worth $2,105,000 after acquiring an additional 427 shares during the period. Morton Capital Management LLC CA grew its position in JPMorgan Chase & Co. by 20.4% in the third quarter. Morton Capital Management LLC CA now owns 11,570 shares of the financial services provider’s stock valued at $2,440,000 after acquiring an additional 1,963 shares in the last quarter. Finally, Kelly Financial Services LLC raised its stake in shares of JPMorgan Chase & Co. by 15.5% during the third quarter. Kelly Financial Services LLC now owns 1,808 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 242 shares during the period. Hedge funds and other 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.