JPMorgan Chase & Co. (NYSE:JPM) PT Raised to $215.00 at Citigroup

JPMorgan Chase & Co. (NYSE:JPM) had its price objective boosted by Citigroup from $205.00 to $215.00 in a report issued on Monday, Benzinga reports. Citigroup currently has a neutral rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada reiterated an outperform rating and set a $211.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an overweight rating in a report on Monday. Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an overweight rating in a report on Monday. StockNews.com raised JPMorgan Chase & Co. from a sell rating to a hold rating in a report on Saturday, July 13th. Finally, Evercore ISI reaffirmed an outperform rating and set a $210.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, July 3rd. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of Moderate Buy and an average target price of $202.89.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $209.98 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. The stock’s fifty day simple moving average is $201.35 and its two-hundred day simple moving average is $190.00. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $217.56. The stock has a market cap of $602.99 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 2.31 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating the consensus estimate of $4.19 by $1.93. The business had revenue of $50.80 billion for the quarter, compared to analysts’ expectations of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period last year, the business earned $4.37 EPS. As a group, analysts forecast that JPMorgan Chase & Co. will post 16.66 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be given a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.19%. JPMorgan Chase & Co.’s payout ratio is currently 25.66%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $198.86, for a total value of $596,580.00. Following the completion of the sale, the insider now owns 44,113 shares in the company, valued at $8,772,311.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Robin Leopold sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $198.86, for a total transaction of $596,580.00. Following the transaction, the insider now directly owns 44,113 shares of the company’s stock, valued at $8,772,311.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mary E. Erdoes sold 15,895 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total value of $3,078,225.70. Following the transaction, the chief executive officer now directly owns 585,898 shares in the company, valued at $113,465,006.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,343 shares of company stock worth $14,137,789. 0.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JPM. Gemmer Asset Management LLC grew its holdings in JPMorgan Chase & Co. by 1.6% during the 2nd quarter. Gemmer Asset Management LLC now owns 3,135 shares of the financial services provider’s stock valued at $634,000 after buying an additional 48 shares in the last quarter. Northside Capital Management LLC increased its stake in JPMorgan Chase & Co. by 0.7% in the 2nd quarter. Northside Capital Management LLC now owns 6,750 shares of the financial services provider’s stock worth $1,365,000 after acquiring an additional 50 shares during the last quarter. Highland Financial Advisors LLC increased its stake in JPMorgan Chase & Co. by 0.7% in the 2nd quarter. Highland Financial Advisors LLC now owns 7,056 shares of the financial services provider’s stock worth $1,427,000 after acquiring an additional 50 shares during the last quarter. Trust Co of the South increased its stake in JPMorgan Chase & Co. by 1.1% in the 1st quarter. Trust Co of the South now owns 4,946 shares of the financial services provider’s stock worth $991,000 after acquiring an additional 53 shares during the last quarter. Finally, Forza Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 0.3% in the 2nd quarter. Forza Wealth Management LLC now owns 17,257 shares of the financial services provider’s stock worth $3,490,000 after acquiring an additional 53 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other 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.