Shares of JPMorgan Chase & Co. (NYSE:JPM) have been given an average rating of "Hold" by the nineteen ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $234.81.
Several brokerages recently issued reports on JPM. Evercore ISI increased their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Morgan Stanley cut JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and lifted their price objective for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Finally, Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 target price on the stock. in a research note on Thursday, November 7th.
View Our Latest Stock Analysis on JPMorgan Chase & Co.
Institutional Trading of JPMorgan Chase & Co.
A number of hedge funds have recently bought and sold shares of JPM. Independent Solutions Wealth Management LLC grew its position in JPMorgan Chase & Co. by 3.2% during the third quarter. Independent Solutions Wealth Management LLC now owns 8,862 shares of the financial services provider's stock valued at $1,869,000 after buying an additional 275 shares during the period. SMART Wealth LLC boosted its stake in shares of JPMorgan Chase & Co. by 171.2% during the 3rd quarter. SMART Wealth LLC now owns 3,938 shares of the financial services provider's stock worth $830,000 after acquiring an additional 2,486 shares during the last quarter. Legacy Wealth Management LLC MS grew its position in shares of JPMorgan Chase & Co. by 3.9% during the 3rd quarter. Legacy Wealth Management LLC MS now owns 13,168 shares of the financial services provider's stock valued at $2,777,000 after acquiring an additional 500 shares during the period. DGS Capital Management LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth $208,000. Finally, Garden State Investment Advisory Services LLC increased its stake in shares of JPMorgan Chase & Co. by 2.3% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 4,189 shares of the financial services provider's stock worth $887,000 after purchasing an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.
JPMorgan Chase & Co. Stock Up 2.0 %
JPMorgan Chase & Co. stock traded up $4.64 during trading hours on Friday, hitting $237.60. 32,289,906 shares of the stock traded hands, compared to its average volume of 9,105,216. JPMorgan Chase & Co. has a one year low of $164.30 and a one year high of $254.31. The firm's 50-day moving average price is $236.27 and its two-hundred day moving average price is $217.88. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The company has a market cap of $668.93 billion, a PE ratio of 13.22, a PEG ratio of 3.54 and a beta of 1.11.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating analysts' consensus estimates of $4.02 by $0.35. The company had revenue of $43.32 billion during the quarter, compared to analysts' expectations of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $4.33 EPS. On average, research analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.10%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.82%.
About JPMorgan Chase & Co.
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Get Free ReportJPMorgan 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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