JPMorgan Chase & Co. (NYSE:JPM) Stock Price Up 1% – Time to Buy?

Shares of JPMorgan Chase & Co. (NYSE:JPM) rose 1% during trading on Tuesday . The company traded as high as $262.15 and last traded at $261.66. Approximately 2,763,220 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 11,040,291 shares. The stock had previously closed at $259.16.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JPM. Citigroup increased their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. Daiwa Capital Markets cut their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Truist Financial upped their price objective on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Finally, Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $251.78.

JPMorgan Chase & Co. Stock Performance

The business’s fifty day moving average is $243.90 and its two-hundred day moving average is $224.88. 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 stock has a market capitalization of $740.52 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 2.81 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. During the same quarter in the prior year, the firm posted $3.04 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 17.65 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the sale, the general counsel now directly 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.79% of the company’s stock.

Institutional Trading of JPMorgan Chase & Co.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Insight Inv LLC raised its stake in shares of JPMorgan Chase & Co. by 4.8% during the 4th quarter. Insight Inv LLC now owns 13,872 shares of the financial services provider’s stock worth $3,325,000 after acquiring an additional 631 shares in the last quarter. Stewardship Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 9.0% during the 4th quarter. Stewardship Advisors LLC now owns 1,818 shares of the financial services provider’s stock valued at $436,000 after purchasing an additional 150 shares during the last quarter. Nikulski Financial Inc. grew its stake in JPMorgan Chase & Co. by 0.4% during the 4th quarter. Nikulski Financial Inc. now owns 32,881 shares of the financial services provider’s stock worth $7,882,000 after buying an additional 141 shares during the last quarter. Cyndeo Wealth Partners LLC increased its position in JPMorgan Chase & Co. by 2.5% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 70,920 shares of the financial services provider’s stock valued at $17,000,000 after buying an additional 1,758 shares in the last quarter. Finally, Aspiring Ventures LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $302,000. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Company Profile

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.