JPMorgan Chase & Co. (NYSE:JPM) Price Target Raised to $250.00

JPMorgan Chase & Co. (NYSE:JPM) had its price target boosted by Citigroup from $215.00 to $250.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Several other research analysts have also commented on JPM. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $235.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price for the company. in a research report on Thursday, November 7th. Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $220.00 to $224.00 in a report on Monday, September 30th. Barclays boosted their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Finally, Oppenheimer increased their price objective on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $229.31.

JPMorgan Chase & Co. Stock Up 1.8 %

Shares of JPM opened at $245.17 on Tuesday. The company’s 50-day moving average price is $222.25 and its 200 day moving average price is $211.36. JPMorgan Chase & Co. has a 12-month low of $152.71 and a 12-month high of $248.00. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The firm has a market cap of $690.24 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 3.53 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. The business had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $4.33 EPS. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio is 27.82%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in JPM. Tudor Financial Inc. purchased a new stake in JPMorgan Chase & Co. during the third quarter worth about $1,548,000. Aldebaran Financial Inc. lifted its stake in JPMorgan Chase & Co. by 3.2% in the 3rd quarter. Aldebaran Financial Inc. now owns 11,021 shares of the financial services provider’s stock valued at $2,324,000 after buying an additional 343 shares in the last quarter. Morse Asset Management Inc increased its position in JPMorgan Chase & Co. by 234.4% during the third quarter. Morse Asset Management Inc now owns 7,226 shares of the financial services provider’s stock worth $1,524,000 after buying an additional 5,065 shares in the last quarter. SOA Wealth Advisors LLC. lifted its position in shares of JPMorgan Chase & Co. by 1.5% in the third quarter. SOA Wealth Advisors LLC. now owns 21,082 shares of the financial services provider’s stock valued at $4,445,000 after acquiring an additional 311 shares in the last quarter. Finally, Passumpsic Savings Bank boosted its stake in shares of JPMorgan Chase & Co. by 15.1% during the third quarter. Passumpsic Savings Bank now owns 10,753 shares of the financial services provider’s stock valued at $2,267,000 after acquiring an additional 1,407 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other 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.