JPMorgan Chase & Co. (JPM) – Investment Analysts’ Weekly Ratings Changes

JPMorgan Chase & Co. (NYSE: JPM) has recently received a number of price target changes and ratings updates:

  • 1/6/2023 – JPMorgan Chase & Co. was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating. They now have a $145.00 price target on the stock, down previously from $155.00.
  • 1/6/2023 – JPMorgan Chase & Co. was given a new $150.00 price target on by analysts at Credit Suisse Group AG.
  • 1/5/2023 – JPMorgan Chase & Co. was given a new $130.00 price target on by analysts at Royal Bank of Canada.
  • 1/3/2023 – JPMorgan Chase & Co. had its price target raised by analysts at Barclays PLC from $162.00 to $189.00. They now have an “overweight” rating on the stock.
  • 12/28/2022 – JPMorgan Chase & Co. had its price target lowered by analysts at Oppenheimer Holdings Inc. from $174.00 to $169.00. They now have an “outperform” rating on the stock.
  • 12/12/2022 – JPMorgan Chase & Co. had its price target raised by analysts at Citigroup Inc. from $135.00 to $150.00. They now have a “buy” rating on the stock.
  • 12/8/2022 – JPMorgan Chase & Co. is now covered by analysts at Piper Sandler. They set an “overweight” rating and a $150.00 price target on the stock.
  • 12/6/2022 – JPMorgan Chase & Co. was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “overweight” rating. They now have a $153.00 price target on the stock, up previously from $126.00.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $137.94 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50-day simple moving average of $132.87 and a 200 day simple moving average of $121.08. The firm has a market capitalization of $404.61 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 2.13 and a beta of 1.13. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $169.81.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings data on Friday, October 14th. The financial services provider reported $3.12 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.16. The firm had revenue of $32.72 billion during the quarter, compared to analyst estimates of $31.88 billion. JPMorgan Chase & Co. had a return on equity of 14.52% and a net margin of 26.85%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.74 EPS. On average, research analysts anticipate that JPMorgan Chase & Co. will post 11.69 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.78%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,310 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $163,776.20. Following the completion of the sale, the insider now directly owns 34,973 shares of the company’s stock, valued at approximately $4,372,324.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Vice Chairman Peter Scher sold 1,310 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $163,776.20. Following the transaction, the insider now owns 34,973 shares in the company, valued at approximately $4,372,324.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robin Leopold sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.07, for a total value of $250,140.00. Following the completion of the transaction, the insider now owns 19,031 shares in the company, valued at approximately $2,380,207.17. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,964 shares of company stock valued at $4,936,426. Corporate insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Institutional investors have recently bought and sold shares of the company. Grayhawk Investment Strategies Inc. purchased a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $32,000. HBC Financial Services PLLC lifted its stake in JPMorgan Chase & Co. by 61.2% in the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Financial Connections Group Inc. lifted its stake in JPMorgan Chase & Co. by 48.5% in the second quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 100 shares during the last quarter. Horizons Wealth Management purchased a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $39,000. Finally, New Millennium Group LLC purchased a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 67.89% of the company’s stock.

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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

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