JPMorgan Chase & Co. (NYSE:JPM) Receives $181.63 Consensus PT from Analysts

JPMorgan Chase & Co. (NYSE:JPM) has earned a consensus recommendation of “Moderate Buy” from the nineteen analysts that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $181.63.

A number of brokerages recently weighed in on JPM. Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Bank of America increased their price objective on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $185.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Oppenheimer reduced their target price on JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th. Finally, Morgan Stanley upped their price objective on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th.

Check Out Our Latest Report on JPMorgan Chase & Co.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Vice Chairman Peter Scher sold 1,812 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total transaction of $301,969.80. Following the transaction, the insider now directly owns 46,766 shares in the company, valued at approximately $7,793,553.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Vice Chairman Peter Scher sold 1,812 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total value of $301,969.80. Following the completion of the sale, the insider now owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jennifer Piepszak sold 1,649 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total transaction of $274,706.91. Following the transaction, the chief executive officer now directly owns 34,467 shares in the company, valued at approximately $5,741,857.53. The disclosure for this sale can be found here. In the last quarter, insiders have sold 845,383 shares of company stock worth $154,341,636. 0.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Livelsberger Financial Advisory acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $74,000. Cooksen Wealth LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth $109,000. Ariston Services Group bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $557,000. Warren Street Wealth Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 6.5% in the fourth quarter. Warren Street Wealth Advisors LLC now owns 3,502 shares of the financial services provider’s stock valued at $596,000 after purchasing an additional 213 shares during the last quarter. Finally, Accent Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $1,070,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $194.74 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $560.92 billion, a P/E ratio of 12.01, a P/E/G ratio of 2.48 and a beta of 1.14. The business’s 50 day moving average is $180.50 and its two-hundred day moving average is $162.64. JPMorgan Chase & Co. has a 12-month low of $126.22 and a 12-month high of $200.48.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.73 by ($0.69). The business had revenue of $38.57 billion for the quarter, compared to analysts’ expectations of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.57 EPS. Analysts expect that JPMorgan Chase & Co. will post 15.84 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.36%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is 25.89%.

JPMorgan Chase & Co. Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

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