JPMorgan Chase & Co. (NYSE:JPM) has earned a consensus recommendation of "Moderate Buy" from the twenty-one analysts that are covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $194.10.
A number of research firms have recently issued reports on JPM. Piper Sandler increased their target price on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an "overweight" rating in a report on Tuesday, May 21st. Morgan Stanley reduced their target price on JPMorgan Chase & Co. from $216.00 to $214.00 and set an "overweight" rating for the company in a report on Tuesday, May 21st. BMO Capital Markets reduced their target price on JPMorgan Chase & Co. from $196.00 to $195.00 and set a "market perform" rating for the company in a report on Monday, April 15th. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, March 20th. Finally, Oppenheimer reduced their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an "outperform" rating for the company in a report on Monday, April 15th.
View Our Latest Research Report on JPM
Insider Activity
In other news, insider Ashley Bacon sold 5,086 shares of the firm's stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the sale, the insider now directly owns 217,351 shares of the company's stock, valued at $42,087,847.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the sale, the insider now directly owns 6,484 shares of the company's stock, valued at $1,237,860.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the sale, the insider now directly owns 217,351 shares in the company, valued at $42,087,847.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 250,565 shares of company stock valued at $46,962,717. 0.79% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley raised its stake in shares of JPMorgan Chase & Co. by 0.3% in the third quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider's stock valued at $9,127,754,000 after acquiring an additional 201,441 shares during the last quarter. Wellington Management Group LLP raised its position in JPMorgan Chase & Co. by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider's stock worth $6,151,997,000 after purchasing an additional 4,603,090 shares during the last quarter. Capital International Investors raised its position in JPMorgan Chase & Co. by 1.9% in the 1st quarter. Capital International Investors now owns 42,294,992 shares of the financial services provider's stock worth $8,471,687,000 after purchasing an additional 778,297 shares during the last quarter. Norges Bank bought a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $6,016,878,000. Finally, Capital World Investors raised its position in JPMorgan Chase & Co. by 0.4% in the 1st quarter. Capital World Investors now owns 34,422,011 shares of the financial services provider's stock worth $6,894,729,000 after purchasing an additional 150,812 shares during the last quarter. Institutional investors own 71.55% of the company's stock.
JPMorgan Chase & Co. Price Performance
Shares of JPM traded up $3.09 during trading hours on Friday, hitting $202.26. 15,307,616 shares of the company were exchanged, compared to its average volume of 8,700,583. The company has a market capitalization of $580.82 billion, a PE ratio of 12.21, a PEG ratio of 2.67 and a beta of 1.12. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a fifty day simple moving average of $196.91 and a 200-day simple moving average of $186.10. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $205.88.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.45. The business had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 16.44 earnings per share for the current year.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.78%.
About JPMorgan Chase & Co.
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Get Free ReportJPMorgan 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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