Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up 1.6% during trading on Wednesday . The stock traded as high as $242.49 and last traded at $242.31. 3,729,092 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 9,081,782 shares. The stock had previously closed at $238.39.
Analyst Ratings Changes
JPM has been the subject of a number of research reports. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 target price for the company. in a research report on Thursday, November 7th. Evercore ISI raised their price objective on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Piper Sandler increased their price target on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Tuesday, December 3rd. Finally, Daiwa Capital Markets reduced their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating on the stock in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $234.81.
View Our Latest Research Report on JPM
JPMorgan Chase & Co. Stock Performance
The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $682.19 billion, a PE ratio of 13.48, a P/E/G ratio of 3.54 and a beta of 1.11. The firm has a fifty day moving average price of $237.00 and a two-hundred day moving average price of $218.74.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its 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 business had revenue of $43.32 billion for the quarter, compared to analyst estimates 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 revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.33 earnings per share. Research analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current year.
JPMorgan Chase & Co. Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued 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 yield of 2.06%. JPMorgan Chase & Co.'s payout ratio is 27.82%.
Hedge Funds Weigh In On JPMorgan Chase & Co.
A number of hedge funds have recently added to or reduced their stakes in JPM. Independent Solutions Wealth Management LLC raised its position in JPMorgan Chase & Co. by 3.2% during the 3rd quarter. Independent Solutions Wealth Management LLC now owns 8,862 shares of the financial services provider's stock valued at $1,869,000 after purchasing an additional 275 shares in the last quarter. SMART Wealth LLC increased its stake in shares of JPMorgan Chase & Co. by 171.2% during the third quarter. SMART Wealth LLC now owns 3,938 shares of the financial services provider's stock valued at $830,000 after buying an additional 2,486 shares during the period. Legacy Wealth Management LLC MS raised its holdings in shares of JPMorgan Chase & Co. by 3.9% in the third 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 in the last quarter. DGS Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $208,000. Finally, Garden State Investment Advisory Services LLC lifted its stake in JPMorgan Chase & Co. by 2.3% in the third quarter. Garden State Investment Advisory Services LLC now owns 4,189 shares of the financial services provider's stock worth $887,000 after acquiring an additional 96 shares during the period. 71.55% of the stock is currently owned by institutional investors.
JPMorgan Chase & Co. Company Profile
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Get Free Report)
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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