JPMorgan Chase & Co. (NYSE:JPM) Reaches New 1-Year High – Still a Buy?

JPMorgan Chase & Co. (NYSE:JPM)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $264.25 and last traded at $263.09, with a volume of 13708564 shares. The stock had previously closed at $259.16.

Analyst Upgrades and Downgrades

JPM has been the topic of several research analyst reports. Truist Financial lifted their price objective on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research report on Thursday, January 16th. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a research report on Thursday, November 7th. Finally, Evercore ISI increased their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus price target of $251.78.

JPMorgan Chase & Co. Trading Up 1.1 %

The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The company has a market capitalization of $747.79 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 2.83 and a beta of 1.11. The business has a fifty day moving average price of $244.81 and a 200 day moving average price of $225.56.

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

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is presently 25.33%.

Insider Buying and Selling

In other news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 16th. The stock was 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. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $3,503,000. Great Diamond Partners LLC raised its position in JPMorgan Chase & Co. by 4.4% in the fourth quarter. Great Diamond Partners LLC now owns 3,355 shares of the financial services provider’s stock worth $804,000 after purchasing an additional 142 shares in the last quarter. Caprock Group LLC lifted its stake in JPMorgan Chase & Co. by 3.8% during the fourth quarter. Caprock Group LLC now owns 79,803 shares of the financial services provider’s stock worth $19,130,000 after purchasing an additional 2,937 shares during the period. Turtle Creek Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 1.4% in the 4th quarter. Turtle Creek Wealth Advisors LLC now owns 41,020 shares of the financial services provider’s stock valued at $9,833,000 after purchasing an additional 566 shares during the period. Finally, Southern Capital Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 2.2% in the 4th quarter. Southern Capital Advisors LLC now owns 2,096 shares of the financial services provider’s stock worth $503,000 after buying an additional 45 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

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.