JPMorgan Chase & Co. (NYSE:JPM) Stock Price Up 0.6% - Should You Buy?

JPMorgan Chase & Co. (NYSE:JPM) shares shot up 0.6% during mid-day trading on Friday . The company traded as high as $244.88 and last traded at $241.36. 2,128,591 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 5,540,587 shares. The stock had previously closed at $240.00.

Analyst Ratings Changes

Several brokerages have commented on JPM. Oppenheimer lowered shares of JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 20th. Barclays increased their target price on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a "market perform" rating in a research report on Tuesday, December 3rd. Royal Bank of Canada raised their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Finally, Citigroup boosted their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $236.82.

JPMorgan Chase & Co. Stock Up 1.4 %

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $684.92 billion, a PE ratio of 13.54, a PEG ratio of 3.54 and a beta of 1.11. The firm's fifty day moving average is $239.32 and its 200-day moving average is $220.65.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping 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 business 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 business posted $4.33 EPS. The company's revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts predict that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business 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 dividend of $1.25 per share. 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 2.06%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.82%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. jvl associates llc grew its holdings in JPMorgan Chase & Co. by 15.2% in the fourth quarter. jvl associates llc now owns 2,334 shares of the financial services provider's stock valued at $559,000 after purchasing an additional 308 shares during the last quarter. First Citizens Financial Corp grew its stake in JPMorgan Chase & Co. by 3.4% in the 4th quarter. First Citizens Financial Corp now owns 10,851 shares of the financial services provider's stock valued at $2,601,000 after acquiring an additional 360 shares during the last quarter. Modus Advisors LLC grew its stake in JPMorgan Chase & Co. by 0.7% in the 4th quarter. Modus Advisors LLC now owns 26,662 shares of the financial services provider's stock valued at $6,391,000 after acquiring an additional 194 shares during the last quarter. GAMMA Investing LLC increased its holdings in JPMorgan Chase & Co. by 11.0% during the 4th quarter. GAMMA Investing LLC now owns 90,733 shares of the financial services provider's stock valued at $21,750,000 after acquiring an additional 9,008 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of JPMorgan Chase & Co. by 37.1% in the fourth quarter. Versant Capital Management Inc now owns 3,797 shares of the financial services provider's stock valued at $910,000 after purchasing an additional 1,028 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

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.