JPMorgan Chase & Co. (NYSE:JPM) Price Target Raised to $304.00

JPMorgan Chase & Co. (NYSE:JPM) had its price objective increased by Barclays from $257.00 to $304.00 in a research note published on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the financial services provider’s stock.

JPM has been the topic of several other research reports. Piper Sandler boosted their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada boosted their price target on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Morgan Stanley cut shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Finally, Citigroup raised their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $245.83.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $243.03 on Monday. 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 firm has a 50-day moving average of $240.83 and a 200-day moving average of $222.10. JPMorgan Chase & Co. has a one year low of $164.30 and a one year high of $254.31. The company has a market cap of $684.21 billion, a P/E ratio of 13.52, a P/E/G ratio of 3.54 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last posted 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 net margin of 19.64% and a return on equity of 16.71%. The firm had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. During the same quarter last year, the business posted $4.33 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.82%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JPM. Legacy Private Trust Co. grew its position in JPMorgan Chase & Co. by 3.2% during the fourth quarter. Legacy Private Trust Co. now owns 72,206 shares of the financial services provider’s stock worth $17,308,000 after buying an additional 2,249 shares in the last quarter. First Hawaiian Bank grew its holdings in shares of JPMorgan Chase & Co. by 1.0% during the fourth quarter. First Hawaiian Bank now owns 47,964 shares of the financial services provider’s stock worth $11,497,000 after purchasing an additional 460 shares in the last quarter. InvesTrust bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $10,578,000. Private Client Services LLC raised its stake in JPMorgan Chase & Co. by 1.6% in the fourth quarter. Private Client Services LLC now owns 5,708 shares of the financial services provider’s stock valued at $1,368,000 after purchasing an additional 91 shares in the last quarter. Finally, Sterneck Capital Management LLC lifted its position in JPMorgan Chase & Co. by 1.8% during the fourth quarter. Sterneck Capital Management LLC now owns 5,299 shares of the financial services provider’s stock valued at $1,270,000 after purchasing an additional 93 shares during the last quarter. 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.