JPMorgan Chase & Co. (NYSE:JPM) Sets New 12-Month High – Should You Buy?

Shares of JPMorgan Chase & Co. (NYSE:JPM) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $226.75 and last traded at $225.66, with a volume of 210799 shares changing hands. The stock had previously closed at $225.50.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on JPM shares. BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $235.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Oppenheimer reduced their price target on shares of JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Finally, Royal Bank of Canada lifted their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $217.94.

JPMorgan Chase & Co. Price Performance

The stock has a market capitalization of $642.10 billion, a PE ratio of 12.48, a PEG ratio of 3.28 and a beta of 1.11. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The company’s 50 day simple moving average is $215.59 and its 200 day simple moving average is $205.74.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS 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 net margin of 20.32% and a return on equity of 17.26%. JPMorgan Chase & Co.’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $4.33 EPS. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 16.75 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a dividend of $1.25 per share. The ex-dividend date is Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a dividend yield of 2.24%. JPMorgan Chase & Co.’s payout ratio is currently 27.89%.

Institutional Trading of JPMorgan Chase & Co.

Several institutional investors have recently made changes to their positions in JPM. Sendero Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 7.9% during the 1st quarter. Sendero Wealth Management LLC now owns 6,268 shares of the financial services provider’s stock valued at $1,255,000 after buying an additional 457 shares during the period. Norwood Financial Corp boosted its position in JPMorgan Chase & Co. by 7.8% during the 1st quarter. Norwood Financial Corp now owns 2,207 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 159 shares during the period. Tsfg LLC boosted its position in JPMorgan Chase & Co. by 4.7% during the 1st quarter. Tsfg LLC now owns 3,824 shares of the financial services provider’s stock worth $766,000 after purchasing an additional 172 shares during the period. Tevis Investment Management boosted its position in JPMorgan Chase & Co. by 15.6% during the 1st quarter. Tevis Investment Management now owns 4,380 shares of the financial services provider’s stock worth $877,000 after purchasing an additional 592 shares during the period. Finally, Enzi Wealth purchased a new stake in JPMorgan Chase & Co. during the 1st quarter worth $216,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

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.