JPMorgan Chase & Co. (NYSE:JPM) Price Target Raised to $228.00

JPMorgan Chase & Co. (NYSE:JPM) had its target price increased by Jefferies Financial Group from $202.00 to $228.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other analysts also recently issued reports on the company. Bank of America upped their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a buy rating in a research note on Thursday, January 4th. Oppenheimer decreased their price target on JPMorgan Chase & Co. from $238.00 to $219.00 and set an outperform rating for the company in a research note on Tuesday, March 19th. Barclays upped their price target on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an overweight rating in a research note on Tuesday, January 2nd. Morgan Stanley boosted their price objective on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an overweight rating in a research report on Tuesday, January 30th. Finally, The Goldman Sachs Group reissued a buy rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $189.11.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $195.47 on Monday. The business’s 50-day moving average price is $187.52 and its two-hundred day moving average price is $167.16. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.91. JPMorgan Chase & Co. has a one year low of $126.83 and a one year high of $200.94. The company has a market capitalization of $563.03 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 2.51 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results 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 company had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.57 EPS. Analysts anticipate that JPMorgan Chase & Co. will post 15.8 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be paid a $1.15 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. This represents a $4.60 annualized dividend and a dividend yield of 2.35%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 28.36%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 6,030 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the completion of the transaction, the general counsel now owns 59,456 shares in the company, valued at approximately $10,864,394.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, General Counsel Stacey Friedman sold 6,030 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the completion of the transaction, the general counsel now owns 59,456 shares in the company, valued at approximately $10,864,394.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total value of $561,546.64. Following the transaction, the insider now owns 205,461 shares of the company’s stock, valued at approximately $34,256,512.53. The disclosure for this sale can be found here. Insiders have sold 849,303 shares of company stock valued at $155,107,447 in the last 90 days. 0.79% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On JPMorgan Chase & Co.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Trust Co of the South grew its holdings in JPMorgan Chase & Co. by 1.1% during the first quarter. Trust Co of the South now owns 4,946 shares of the financial services provider’s stock worth $991,000 after purchasing an additional 53 shares during the period. Oarsman Capital Inc. lifted its position in JPMorgan Chase & Co. by 0.5% during the fourth quarter. Oarsman Capital Inc. now owns 11,008 shares of the financial services provider’s stock worth $1,872,000 after acquiring an additional 59 shares during the last quarter. Curbstone Financial Management Corp lifted its position in JPMorgan Chase & Co. by 0.3% during the fourth quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider’s stock worth $4,070,000 after acquiring an additional 60 shares during the last quarter. Grey Street Capital LLC lifted its position in JPMorgan Chase & Co. by 0.9% during the fourth quarter. Grey Street Capital LLC now owns 6,994 shares of the financial services provider’s stock worth $1,190,000 after acquiring an additional 60 shares during the last quarter. Finally, Intrepid Capital Management Inc. lifted its position in JPMorgan Chase & Co. by 5.4% during the fourth quarter. Intrepid Capital Management Inc. now owns 1,178 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

About JPMorgan Chase & Co.

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.