JPMorgan Chase & Co. (NYSE:JPM) Shares Up 0.6% – What’s Next?

JPMorgan Chase & Co. (NYSE:JPM)’s stock price traded up 0.6% during trading on Tuesday . The stock traded as high as $278.83 and last traded at $278.24. 2,049,274 shares were traded during trading, a decline of 77% from the average session volume of 9,102,257 shares. The stock had previously closed at $276.59.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. UBS Group upped their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price for the company in a report on Friday, January 3rd. Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Barclays upped their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Citigroup upped their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $251.78.

JPMorgan Chase & Co. Price Performance

The stock has a market capitalization of $787.06 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 2.94 and a beta of 1.12. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The business has a 50-day simple moving average of $253.68 and a two-hundred day simple moving average of $233.37.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The firm 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 firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.04 earnings per share. As a group, research analysts predict that JPMorgan Chase & Co. will post 18.05 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a dividend of $1.25 per share. The ex-dividend date was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.79%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

Insider Activity

In other news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction 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 completion of the sale, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On JPMorgan Chase & Co.

A number of institutional investors and hedge funds have recently modified their holdings of JPM. Pacific Point Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $916,000. Hudson Value Partners LLC raised its stake in JPMorgan Chase & Co. by 3.8% during the 4th quarter. Hudson Value Partners LLC now owns 15,565 shares of the financial services provider’s stock valued at $3,731,000 after purchasing an additional 577 shares during the period. Vega Investment Solutions acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $2,600,000. Helium Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $984,000. Finally, BIP Alliance LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $429,000. 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.