JPMorgan Chase & Co. (NYSE:JPM) Trading 1.6% Higher - Still a Buy?

JPMorgan Chase & Co. (NYSE:JPM)'s share price rose 1.6% during trading on Thursday . The stock traded as high as $236.36 and last traded at $234.15. Approximately 2,661,192 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 8,970,560 shares. The stock had previously closed at $230.37.

Analyst Upgrades and Downgrades

JPM has been the subject of several research reports. Citigroup raised their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a research report on Tuesday, November 19th. Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Daiwa Capital Markets dropped their price target on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating on the stock in a report on Thursday, October 10th. Oppenheimer lowered JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 20th. Finally, Keefe, Bruyette & Woods boosted their target price on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a "market perform" rating in a research report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $234.81.

JPMorgan Chase & Co. Trading Up 1.1 %

The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market cap of $655.86 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. The company's 50 day simple moving average is $235.96 and its two-hundred day simple moving average is $217.63.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping analysts' consensus estimates of $4.02 by $0.35. The company had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The business's quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $4.33 EPS. Research analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced 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. This represents a $5.00 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.82%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Financial Avengers Inc. raised its holdings in JPMorgan Chase & Co. by 5.2% during the third quarter. Financial Avengers Inc. now owns 868 shares of the financial services provider's stock valued at $183,000 after buying an additional 43 shares in the last quarter. One Charles Private Wealth Services LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 3rd quarter. One Charles Private Wealth Services LLC now owns 12,179 shares of the financial services provider's stock valued at $2,568,000 after acquiring an additional 44 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. raised its stake in shares of JPMorgan Chase & Co. by 1.3% in the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,436 shares of the financial services provider's stock valued at $725,000 after acquiring an additional 45 shares in the last quarter. Sunburst Financial Group LLC lifted its holdings in JPMorgan Chase & Co. by 0.8% in the 3rd quarter. Sunburst Financial Group LLC now owns 5,696 shares of the financial services provider's stock worth $1,201,000 after purchasing an additional 45 shares during the last quarter. Finally, West Wealth Group LLC boosted its position in JPMorgan Chase & Co. by 3.6% during the third quarter. West Wealth Group LLC now owns 1,327 shares of the financial services provider's stock worth $280,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds 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.