JPMorgan Chase & Co. (NYSE:JPM) Stock Price Up 0.4% – Should You Buy?

JPMorgan Chase & Co. (NYSE:JPM)’s share price traded up 0.4% on Thursday . The company traded as high as $268.98 and last traded at $267.62. 1,549,885 shares changed hands during trading, a decline of 85% from the average session volume of 10,276,010 shares. The stock had previously closed at $266.58.

Analysts Set New Price Targets

Several analysts have issued reports on JPM shares. Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Evercore ISI increased their price objective on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a report on Thursday, November 7th. Finally, Bank of America boosted their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus target price of $251.78.

JPMorgan Chase & Co. Price Performance

The firm has a fifty day moving average of $247.91 and a two-hundred day moving average of $228.31. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $752.09 billion, a PE ratio of 13.53, a PEG ratio of 2.87 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same quarter in the prior year, the firm posted $3.04 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. Research analysts anticipate that JPMorgan Chase & Co. will post 17.82 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 25.33%.

Insider Activity at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.79% of the stock is owned by company insiders.

Institutional Trading of JPMorgan Chase & Co.

Several large investors have recently bought and sold shares of JPM. Joel Adams & Associates Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $471,000. Global Retirement Partners LLC raised its holdings in JPMorgan Chase & Co. by 23.0% in the fourth quarter. Global Retirement Partners LLC now owns 88,252 shares of the financial services provider’s stock worth $21,155,000 after purchasing an additional 16,485 shares in the last quarter. Plan Group Financial LLC lifted its position in JPMorgan Chase & Co. by 4.0% during the fourth quarter. Plan Group Financial LLC now owns 1,947 shares of the financial services provider’s stock valued at $467,000 after buying an additional 74 shares during the period. Atlas Legacy Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $3,882,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth about $2,366,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.