Brokerages Set JPMorgan Chase & Co. (NYSE:JPM) PT at $229.31

JPMorgan Chase & Co. (NYSE:JPM) has been given a consensus recommendation of "Hold" by the nineteen ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $229.31.

JPM has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price target on the stock. in a report on Thursday, November 7th. Royal Bank of Canada boosted their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Morgan Stanley lowered JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and boosted their price target for the company from $220.00 to $224.00 in a report on Monday, September 30th. Finally, Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a report on Friday, November 15th.

JPMorgan Chase & Co. Trading Up 0.1 %

Shares of JPMorgan Chase & Co. stock traded up $0.30 during trading on Tuesday, reaching $250.59. 3,778,758 shares of the company were exchanged, compared to its average volume of 9,075,362. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a twelve month low of $152.71 and a twelve month high of $254.31. The business has a 50-day moving average price of $223.99 and a 200-day moving average price of $212.38. The firm has a market capitalization of $705.50 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 3.61 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $41.43 billion. During the same period in the previous year, the firm earned $4.33 earnings per share. The company's revenue was up 6.5% on a year-over-year basis. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were paid a $1.25 dividend. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. This represents a $5.00 annualized dividend and a yield of 2.00%. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.82%.

Institutional Trading of JPMorgan Chase & Co.

Several institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $1,888,088,000. Fisher Asset Management LLC grew its position in JPMorgan Chase & Co. by 31.7% during the third quarter. Fisher Asset Management LLC now owns 16,784,272 shares of the financial services provider's stock worth $3,539,132,000 after buying an additional 4,043,841 shares in the last quarter. Swedbank AB acquired a new stake in JPMorgan Chase & Co. during the first quarter worth approximately $800,130,000. Wulff Hansen & CO. grew its position in JPMorgan Chase & Co. by 19,920.7% during the second quarter. Wulff Hansen & CO. now owns 2,801,503 shares of the financial services provider's stock worth $566,632,000 after buying an additional 2,787,510 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in JPMorgan Chase & Co. by 137.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,376,176 shares of the financial services provider's stock worth $922,760,000 after buying an additional 2,535,590 shares in 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.