JPMorgan Chase & Co. (NYSE:JPM) Trading Up 0.3% – What’s Next?

Shares of JPMorgan Chase & Co. (NYSE:JPM) shot up 0.3% on Wednesday . The company traded as high as $251.19 and last traded at $250.62. 1,330,915 shares were traded during mid-day trading, a decline of 85% from the average session volume of 9,052,191 shares. The stock had previously closed at $249.97.

Analyst Ratings Changes

A number of research firms have issued reports on JPM. Evercore ISI increased their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Citigroup upped their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Finally, Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $229.31.

JPMorgan Chase & Co. Stock Performance

The stock has a 50 day simple moving average of $226.43 and a two-hundred day simple moving average of $213.26. The company has a market cap of $703.24 billion, a PE ratio of 13.90, a PEG ratio of 3.63 and a beta of 1.10. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (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 for the quarter, compared to analysts’ expectations of $41.43 billion. During the same quarter in the previous year, the firm posted $4.33 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued a $1.25 dividend. The ex-dividend date was Friday, October 4th. This is a boost 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 2.00%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.82%.

Institutional Investors Weigh In On JPMorgan Chase & Co.

A number of institutional investors and hedge funds have recently modified their holdings of the company. WFA Asset Management Corp raised its position in shares of JPMorgan Chase & Co. by 51.2% during the 1st quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 412 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in JPMorgan Chase & Co. by 32.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 6,374 shares of the financial services provider’s stock valued at $1,277,000 after purchasing an additional 1,569 shares during the last quarter. Cetera Investment Advisers raised its position in shares of JPMorgan Chase & Co. by 202.3% in the first quarter. Cetera Investment Advisers now owns 976,108 shares of the financial services provider’s stock valued at $195,514,000 after buying an additional 653,205 shares during the last quarter. Cetera Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 82.4% during the first quarter. Cetera Advisors LLC now owns 455,164 shares of the financial services provider’s stock valued at $91,169,000 after buying an additional 205,592 shares during the period. Finally, Cetera Advisor Networks LLC boosted its position in JPMorgan Chase & Co. by 2.4% during the first quarter. Cetera Advisor Networks LLC now owns 382,523 shares of the financial services provider’s stock worth $76,619,000 after acquiring an additional 8,929 shares during the last quarter. 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.