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

JPMorgan Chase & Co. (NYSE:JPM) was up 0.3% on Friday . The company traded as high as $239.22 and last traded at $239.74. Approximately 3,947,966 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 8,819,098 shares. The stock had previously closed at $239.01.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on JPM shares. Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Barclays lifted their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. UBS Group lifted their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. Finally, Bank of America lifted their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $252.89.

JPMorgan Chase & Co. Price Performance

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 firm has a market capitalization of $675.24 billion, a PE ratio of 12.23, a P/E/G ratio of 2.83 and a beta of 1.10. The company has a fifty day moving average price of $257.86 and a two-hundred day moving average price of $239.35.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. The business had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.04 EPS. Sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be given a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 2.32%. The ex-dividend date is Friday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s payout ratio is 28.37%.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Jennifer Piepszak sold 4,273 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the completion of the transaction, the chief operating officer now owns 54,469 shares in the company, valued at $14,698,459.65. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,326 shares of company stock worth $12,448,445 in the last quarter. Company insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Prostatis Group LLC increased its position in JPMorgan Chase & Co. by 8.9% during the 4th quarter. Prostatis Group LLC now owns 3,682 shares of the financial services provider’s stock worth $883,000 after purchasing an additional 300 shares during the period. M1 Capital Management LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $531,000. DSG Capital Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $16,022,000. Chancellor Financial Group WB LP acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $1,925,000. Finally, Triton Wealth Management PLLC increased its position in JPMorgan Chase & Co. by 12.1% during the 4th quarter. Triton Wealth Management PLLC now owns 2,314 shares of the financial services provider’s stock worth $571,000 after purchasing an additional 249 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

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.