JPMorgan Chase & Co. (NYSE:JPM) Receives Average Rating of “Moderate Buy” from Brokerages

JPMorgan Chase & Co. (NYSE:JPM) has been given an average recommendation of “Hold” by the nineteen analysts that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $147.89.

Several equities research analysts have recently commented on the stock. BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the stock a “market perform” rating in a research note on Monday, October 17th. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday. Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $150.00 to $157.00 in a research note on Tuesday. StockNews.com initiated coverage on JPMorgan Chase & Co. in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Morgan Stanley upped their price objective on JPMorgan Chase & Co. from $153.00 to $167.00 and gave the stock an “overweight” rating in a research report on Tuesday.

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Mellody L. Hobson purchased 375 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 19th. The shares were acquired at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the acquisition, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The purchase was disclosed in a filing with the SEC, which is available through this link. In related news, Vice Chairman Peter Scher sold 1,310 shares of the business’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total value of $163,776.20. Following the sale, the insider now directly owns 34,973 shares in the company, valued at approximately $4,372,324.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mellody L. Hobson acquired 375 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 19th. The stock was bought at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the acquisition, the director now owns 22,040 shares in the company, valued at approximately $2,965,041.20. The disclosure for this purchase can be found here. Insiders have sold a total of 46,336 shares of company stock worth $6,372,156 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 have recently bought and sold shares of JPM. Cantor Fitzgerald Investment Advisor L.P increased its position in shares of JPMorgan Chase & Co. by 81.1% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after purchasing an additional 99,636 shares during the last quarter. BCK Partners Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $2,455,000. LSV Asset Management increased its position in shares of JPMorgan Chase & Co. by 35.6% in the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after purchasing an additional 9,800 shares during the last quarter. Wsfs Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 70.8% in the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after purchasing an additional 1,749 shares during the last quarter. Finally, Lumature Wealth Partners LLC increased its position in shares of JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 3,527 shares during the last quarter. 67.89% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $135.08 on Friday. The company has a market cap of $396.22 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 2.23 and a beta of 1.13. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $159.03. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. The company has a 50 day moving average of $134.60 and a two-hundred day moving average of $122.65.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.14 by $0.43. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The company had revenue of $34.55 billion during the quarter, compared to the consensus estimate of $34.23 billion. During the same period last year, the firm earned $3.33 earnings per share. JPMorgan Chase & Co.’s revenue was up 18.1% compared to the same quarter last year. As a group, analysts predict that JPMorgan Chase & Co. will post 12.81 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.11%.

JPMorgan Chase & Co. Company Profile

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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.