JPMorgan Chase & Co. (NYSE:JPM) has been given a consensus rating of “Moderate Buy” by the twenty-one analysts that are currently covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $194.10.
Several analysts recently issued reports on the company. Jefferies Financial Group raised their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Keefe, Bruyette & Woods lifted their price objective on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a research report on Tuesday, May 21st. Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, May 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $211.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Finally, Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th.
View Our Latest Stock Analysis on JPMorgan Chase & Co.
JPMorgan Chase & Co. Stock Down 0.4 %
JPM opened at $201.82 on Tuesday. The company has a market cap of $579.56 billion, a P/E ratio of 12.19, a P/E/G ratio of 2.73 and a beta of 1.12. The business’s 50-day moving average price is $195.29 and its 200-day moving average price is $180.75. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $205.88.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping the consensus estimate of $4.18 by $0.45. The firm had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. On average, equities analysts expect that JPMorgan Chase & Co. will post 16.39 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be paid a dividend of $1.15 per share. The ex-dividend date is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.28%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.
Insider Buying and Selling at JPMorgan Chase & Co.
In other news, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the sale, the insider now owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the completion of the transaction, the insider now owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the transaction, the insider now directly owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 249,399 shares of company stock worth $46,713,667. Insiders own 0.79% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of JPM. Norges Bank bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $6,016,878,000. International Assets Investment Management LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $1,017,893,000. Wellington Management Group LLP lifted its stake in JPMorgan Chase & Co. by 12.2% in the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after purchasing an additional 4,603,090 shares during the last quarter. Swedbank AB bought a new stake in JPMorgan Chase & Co. in the first quarter worth about $800,130,000. Finally, Capital Research Global Investors lifted its stake in JPMorgan Chase & Co. by 23.3% in the first quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider’s stock worth $3,445,185,000 after purchasing an additional 3,252,451 shares during the last quarter. Institutional investors 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.
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Source: defenseworld.net
