Analysts Set JPMorgan Chase & Co. (NYSE:JPM) Target Price at $212.13

Shares of JPMorgan Chase & Co. (NYSE:JPM) have been given an average rating of “Moderate Buy” by the nineteen ratings firms that are covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $213.47.

A number of equities research analysts have recently commented on JPM shares. Daiwa Capital Markets reduced their price objective on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday. Citigroup increased their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $235.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Oppenheimer raised their price objective on shares of JPMorgan Chase & Co. from $221.00 to $234.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods increased their target price 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.

JPMorgan Chase & Co. Trading Up 4.4 %

Shares of JPMorgan Chase & Co. stock opened at $222.28 on Monday. The firm’s 50 day moving average is $211.79 and its 200 day moving average is $203.65. The firm has a market capitalization of $632.42 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $225.48. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.06 by $0.31. The business had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $4.33 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 16.75 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

Hedge Funds Weigh In On JPMorgan Chase & Co.

A number of institutional investors and hedge funds have recently made changes to their positions in JPM. Intrepid Capital Management Inc. increased its position in shares of JPMorgan Chase & Co. by 5.4% during the fourth quarter. Intrepid Capital Management Inc. now owns 1,178 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 60 shares in the last quarter. Elo Mutual Pension Insurance Co increased its position in shares of JPMorgan Chase & Co. by 3.7% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 253,720 shares of the financial services provider’s stock valued at $43,158,000 after acquiring an additional 9,136 shares in the last quarter. Regal Investment Advisors LLC grew its position in JPMorgan Chase & Co. by 36.6% in the 4th quarter. Regal Investment Advisors LLC now owns 32,381 shares of the financial services provider’s stock worth $5,508,000 after purchasing an additional 8,677 shares during the period. Sollinda Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $341,000. Finally, Allen Wealth Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $492,000. 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.