JPMorgan Chase & Co. (NYSE:JPM) Trading Up 0.1% Following Analyst Upgrade

JPMorgan Chase & Co. (NYSE:JPM)’s share price traded up 0.1% during mid-day trading on Tuesday after Piper Sandler raised their price target on the stock from $240.00 to $275.00. Piper Sandler currently has an overweight rating on the stock. JPMorgan Chase & Co. traded as high as $249.04 and last traded at $246.48. 1,755,900 shares were traded during trading, a decline of 81% from the average session volume of 9,022,476 shares. The stock had previously closed at $246.25.

A number of other analysts have also weighed in on JPM. Oppenheimer lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a research note on Thursday, November 7th. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Evercore ISI increased their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $234.81.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Oddo BHF Asset Management Sas bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth $6,031,000. Inspire Trust Co. N.A. boosted its holdings in shares of JPMorgan Chase & Co. by 12.8% during the 3rd quarter. Inspire Trust Co. N.A. now owns 19,309 shares of the financial services provider’s stock worth $4,071,000 after buying an additional 2,192 shares during the period. Old North State Trust LLC boosted its holdings in shares of JPMorgan Chase & Co. by 3.0% during the 3rd quarter. Old North State Trust LLC now owns 4,017 shares of the financial services provider’s stock worth $847,000 after buying an additional 117 shares during the period. Franklin Resources Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 7.2% during the 3rd quarter. Franklin Resources Inc. now owns 15,073,193 shares of the financial services provider’s stock worth $3,338,955,000 after buying an additional 1,016,289 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its holdings in shares of JPMorgan Chase & Co. by 57.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 363,152 shares of the financial services provider’s stock worth $76,574,000 after buying an additional 132,987 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.6 %

The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The company’s fifty day moving average is $229.23 and its 200-day moving average is $214.57. The firm has a market capitalization of $685.31 billion, a P/E ratio of 13.55, a P/E/G ratio of 3.57 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results 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 firm had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.33 EPS. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.05%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.82%.

JPMorgan Chase & Co. Company Profile

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.