JPMorgan Chase & Co. (NYSE:JPM) Trading 0.2% Higher – Time to Buy?

JPMorgan Chase & Co. (NYSE:JPM)’s stock price rose 0.2% on Wednesday . The stock traded as high as $241.44 and last traded at $239.71. Approximately 4,866,914 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 9,020,061 shares. The stock had previously closed at $239.32.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on JPM shares. Daiwa Capital Markets reduced their price target 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. 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 research report on Monday, October 14th. Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Finally, Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $234.81.

JPMorgan Chase & Co. Stock Performance

The business has a 50 day moving average price of $238.70 and a 200 day moving average price of $220.38. 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 $674.87 billion, a PE ratio of 13.34, a PEG ratio of 3.54 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.35. The firm had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.33 earnings per share. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 2.09%. JPMorgan Chase & Co.’s payout ratio is 27.82%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JPM. Eagle Capital Management LLC raised its stake in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock valued at $4,423,000 after acquiring an additional 84 shares in the last quarter. OMC Financial Services LTD raised its stake in JPMorgan Chase & Co. by 103.0% in the second quarter. OMC Financial Services LTD now owns 5,805 shares of the financial services provider’s stock worth $1,174,000 after buying an additional 2,945 shares in the last quarter. Signaturefd LLC lifted its holdings in JPMorgan Chase & Co. by 4.1% during the second quarter. Signaturefd LLC now owns 74,745 shares of the financial services provider’s stock worth $15,118,000 after buying an additional 2,916 shares during the period. Lee Danner & Bass Inc. bought a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at $4,928,000. Finally, Key Financial Inc increased its holdings in shares of JPMorgan Chase & Co. by 1.1% in the 2nd quarter. Key Financial Inc now owns 23,001 shares of the financial services provider’s stock valued at $4,652,000 after acquiring an additional 249 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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.