JPMorgan Chase & Co. (NYSE:JPM) Trading 1% Higher – Should You Buy?

JPMorgan Chase & Co. (NYSE:JPM) shares rose 1% during trading on Thursday . The company traded as high as $243.28 and last traded at $242.12. Approximately 1,787,892 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 9,020,061 shares. The stock had previously closed at $239.71.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JPM. Evercore ISI lifted their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Royal Bank of Canada raised their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Daiwa Capital Markets dropped their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Finally, Robert W. Baird cut shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and an average price target of $236.82.

JPMorgan Chase & Co. Trading Up 1.4 %

The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The business has a 50 day moving average price of $239.74 and a 200-day moving average price of $220.99. The company has a market cap of $684.92 billion, a P/E ratio of 13.54, a PEG ratio of 3.54 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same quarter in the prior year, the company earned $4.33 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.82%.

Institutional Investors Weigh In On JPMorgan Chase & Co.

A number of hedge funds have recently made changes to their positions in the stock. jvl associates llc grew its holdings in shares of JPMorgan Chase & Co. by 15.2% during the fourth quarter. jvl associates llc now owns 2,334 shares of the financial services provider’s stock worth $559,000 after purchasing an additional 308 shares during the last quarter. First Citizens Financial Corp grew its holdings in JPMorgan Chase & Co. by 3.4% in the fourth quarter. First Citizens Financial Corp now owns 10,851 shares of the financial services provider’s stock worth $2,601,000 after purchasing an additional 360 shares during the period. Modus Advisors LLC increased its position in JPMorgan Chase & Co. by 0.7% in the 4th quarter. Modus Advisors LLC now owns 26,662 shares of the financial services provider’s stock valued at $6,391,000 after buying an additional 194 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of JPMorgan Chase & Co. by 11.0% during the fourth quarter. GAMMA Investing LLC now owns 90,733 shares of the financial services provider’s stock valued at $21,750,000 after acquiring an additional 9,008 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in JPMorgan Chase & Co. by 37.1% during the 4th quarter. Versant Capital Management Inc now owns 3,797 shares of the financial services provider’s stock valued at $910,000 after purchasing an additional 1,028 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

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.