Analysts Set JPMorgan Chase & Co. (NYSE:JPM) Price Target at $245.83

JPMorgan Chase & Co. (NYSE:JPM) has earned an average recommendation of “Hold” from the twenty brokerages that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $251.78.

JPM has been the topic of a number of research analyst reports. Bank of America lifted their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a report on Friday, January 3rd. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Barclays lifted their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Truist Financial increased their price objective on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Thursday, January 16th.

JPMorgan Chase & Co. Trading Up 1.5 %

Shares of NYSE:JPM opened at $263.09 on Wednesday. The company has a 50 day moving average of $243.90 and a 200-day moving average of $224.88. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The firm has a market cap of $740.68 billion, a P/E ratio of 13.33, a P/E/G ratio of 2.81 and a beta of 1.11. JPMorgan Chase & Co. has a twelve month low of $168.44 and a twelve month high of $264.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same period last year, the company posted $3.04 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, analysts anticipate that JPMorgan Chase & Co. will post 17.65 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.90%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.33%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JPM. OLIO Financial Planning bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $545,000. Regatta Capital Group LLC lifted its position in JPMorgan Chase & Co. by 2.8% in the fourth quarter. Regatta Capital Group LLC now owns 22,021 shares of the financial services provider’s stock worth $5,279,000 after purchasing an additional 607 shares during the period. Embree Financial Group boosted its stake in JPMorgan Chase & Co. by 0.4% during the fourth quarter. Embree Financial Group now owns 46,095 shares of the financial services provider’s stock worth $11,049,000 after buying an additional 175 shares in the last quarter. Affinity Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 4.1% in the 4th quarter. Affinity Wealth Management LLC now owns 18,702 shares of the financial services provider’s stock valued at $4,483,000 after buying an additional 728 shares during the period. Finally, Crescent Grove Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 20.4% in the 4th quarter. Crescent Grove Advisors LLC now owns 10,578 shares of the financial services provider’s stock valued at $2,536,000 after buying an additional 1,791 shares in the last quarter. 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.