JPMorgan Chase & Co. (NYSE:JPM) Trading 0.7% Higher - Still a Buy?

JPMorgan Chase & Co. (NYSE:JPM)'s share price was up 0.7% during trading on Tuesday . The company traded as high as $250.10 and last traded at $249.81. Approximately 1,800,315 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 8,866,464 shares. The stock had previously closed at $248.06.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a report on Thursday, January 16th. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and upped their target price for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Bank of America increased their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Finally, UBS Group lifted their target price on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and an average target price of $252.89.

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JPMorgan Chase & Co. Trading Down 2.1 %

The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The stock's 50 day moving average is $257.88 and its 200-day moving average is $240.12. The company has a market cap of $678.90 billion, a PE ratio of 12.29, a P/E/G ratio of 2.83 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts' consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter last year, the firm earned $3.04 EPS. The firm's revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio is presently 28.37%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares of the company's stock, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now directly owns 50,377 shares of the company's stock, valued at $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,848 shares of company stock worth $19,987,908 over the last quarter. Insiders own 0.79% of the company's stock.

Institutional Trading of JPMorgan Chase & Co.

A number of hedge funds and other institutional investors have recently bought and sold shares of JPM. Principal Financial Group Inc. grew its stake in JPMorgan Chase & Co. by 3.2% in the third quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider's stock worth $1,228,110,000 after purchasing an additional 182,648 shares in the last quarter. United Bank grew its position in shares of JPMorgan Chase & Co. by 2.5% during the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider's stock worth $5,346,000 after buying an additional 614 shares in the last quarter. Alpha DNA Investment Management LLC increased its stake in shares of JPMorgan Chase & Co. by 66.3% during the third quarter. Alpha DNA Investment Management LLC now owns 21,147 shares of the financial services provider's stock valued at $4,459,000 after buying an additional 8,434 shares during the period. Wealth Dimensions Group Ltd. lifted its stake in JPMorgan Chase & Co. by 3.4% in the third quarter. Wealth Dimensions Group Ltd. now owns 5,397 shares of the financial services provider's stock worth $1,138,000 after acquiring an additional 176 shares during the period. Finally, Centaurus Financial Inc. grew its holdings in JPMorgan Chase & Co. by 7.6% during the 3rd quarter. Centaurus Financial Inc. now owns 41,912 shares of the financial services provider's stock worth $8,838,000 after acquiring an additional 2,944 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 is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.