JPMorgan Chase & Co. (NYSE:JPM) Trading Up 0.8% – Still a Buy?

JPMorgan Chase & Co. (NYSE:JPM)’s stock price was up 0.8% during mid-day trading on Friday . The company traded as high as $239.34 and last traded at $238.16. Approximately 2,807,133 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 9,064,246 shares. The stock had previously closed at $236.38.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of recent research reports. Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Oppenheimer increased their price target on JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an “outperform” rating in a report on Tuesday. BMO Capital Markets increased their target price on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus price target of $224.31.

JPMorgan Chase & Co. Trading Up 0.3 %

The company has a 50 day moving average of $216.71 and a two-hundred day moving average of $207.71. The stock has a market cap of $667.18 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 3.21 and a beta of 1.10. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same period in the prior year, the company earned $4.33 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.52 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given a $1.25 dividend. The ex-dividend date was Friday, October 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.11%. JPMorgan Chase & Co.’s dividend payout ratio is 27.82%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Mizuho Securities Co. Ltd. purchased a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the third quarter worth $27,000. Fairway Wealth LLC acquired a new stake in JPMorgan Chase & Co. in the second quarter valued at approximately $32,000. Anfield Capital Management LLC purchased a new position in JPMorgan Chase & Co. in the second quarter worth approximately $34,000. Finally, Davidson Capital Management Inc. acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth $37,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

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.