JPMorgan Chase & Co. (NYSE:JPM) Price Target Cut to $235.00 by Analysts at Daiwa Capital Markets

JPMorgan Chase & Co. (NYSE:JPM) had its price target cut by Daiwa Capital Markets from $240.00 to $235.00 in a research report sent to investors on Thursday morning. They currently have an overweight rating on the financial services provider’s stock.

JPM has been the topic of several other research reports. Wells Fargo & Company lifted their target price on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an overweight rating in a report on Monday, July 15th. Wolfe Research downgraded JPMorgan Chase & Co. from an outperform rating to a peer perform rating in a research report on Monday, July 8th. Evercore ISI increased their price objective on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an outperform rating in a research report on Monday, July 15th. StockNews.com raised shares of JPMorgan Chase & Co. from a sell rating to a hold rating in a research report on Saturday, July 13th. Finally, Keefe, Bruyette & Woods increased their price target 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. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $213.47.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $222.29 on Thursday. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.48. The stock’s 50-day moving average is $211.79 and its two-hundred day moving average is $203.73. The firm has a market cap of $632.45 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. The business had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $4.33 EPS. On average, analysts anticipate that JPMorgan Chase & Co. will post 16.75 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be issued a dividend of $1.25 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.25%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.89%.

Institutional Trading of JPMorgan Chase & Co.

Several large investors have recently made changes to their positions in the business. Retirement Group LLC grew its stake in shares of JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 109 shares during the last quarter. Fairway Wealth LLC bought a new stake in shares of JPMorgan Chase & Co. during the second quarter worth $32,000. Richardson Capital Management LLC bought a new position in JPMorgan Chase & Co. in the first quarter valued at about $34,000. Anfield Capital Management LLC bought a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $34,000. Finally, Davidson Capital Management Inc. bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $37,000. 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.