JPMorgan Chase & Co. (NYSE:JPM) Stock Price Up 1.8% - Time to Buy?

JPMorgan Chase & Co. (NYSE:JPM)'s stock price traded up 1.8% during mid-day trading on Monday . The stock traded as high as $242.10 and last traded at $241.34. 2,026,213 shares traded hands during trading, a decline of 78% from the average session volume of 9,062,673 shares. The stock had previously closed at $236.98.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on JPM shares. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an "overweight" rating in a research note on Monday, July 15th. Oppenheimer lifted their price target on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. Daiwa Capital Markets reduced their price objective on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating for the company in a report on Thursday, October 10th. Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price target for the company. in a research note on Thursday. Finally, Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $224.31.

JPMorgan Chase & Co. Trading Up 1.3 %

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 company has a market capitalization of $675.54 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 3.46 and a beta of 1.10. The stock's 50 day moving average is $217.24 and its two-hundred day moving average is $208.46.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $41.43 billion. During the same quarter in the prior year, the business posted $4.33 EPS. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, October 4th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a yield of 2.08%. JPMorgan Chase & Co.'s payout ratio is currently 27.82%.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several institutional investors and hedge funds have recently modified their holdings of the business. BCGM Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.8% during the first quarter. BCGM Wealth Management LLC now owns 19,061 shares of the financial services provider's stock worth $3,818,000 after purchasing an additional 516 shares during the last quarter. Accredited Investors Inc. lifted its position in JPMorgan Chase & Co. by 4.9% during the 2nd quarter. Accredited Investors Inc. now owns 14,174 shares of the financial services provider's stock worth $2,867,000 after acquiring an additional 667 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in JPMorgan Chase & Co. by 1.4% in the 1st quarter. Bleakley Financial Group LLC now owns 87,063 shares of the financial services provider's stock worth $17,439,000 after acquiring an additional 1,173 shares during the period. Sunburst Financial Group LLC grew its holdings in JPMorgan Chase & Co. by 5.0% during the 2nd quarter. Sunburst Financial Group LLC now owns 5,651 shares of the financial services provider's stock valued at $1,143,000 after purchasing an additional 268 shares in the last quarter. Finally, Sageworth Trust Co raised its position in shares of JPMorgan Chase & Co. by 37.9% in the 3rd quarter. Sageworth Trust Co now owns 2,860 shares of the financial services provider's stock valued at $603,000 after purchasing an additional 786 shares in the last quarter. Hedge funds and other institutional investors 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.

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