JPMorgan Chase & Co. (NYSE:JPM) Price Target Raised to $280.00

JPMorgan Chase & Co. (NYSE:JPM) had its price target hoisted by Bank of America from $260.00 to $280.00 in a report released on Tuesday,Benzinga reports. Bank of America currently has a buy rating on the financial services provider’s stock.

Several other equities analysts have also recently commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a “market perform” rating in a research note on Tuesday, December 3rd. Piper Sandler boosted their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research report on Friday, January 3rd. Citigroup upped their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Finally, Truist Financial assumed coverage on JPMorgan Chase & Co. in a research report on Tuesday. They set a “hold” rating and a $260.00 price target for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $245.83.

JPMorgan Chase & Co. Trading Down 0.1 %

NYSE:JPM opened at $243.03 on Tuesday. The company has a market cap of $684.21 billion, a P/E ratio of 13.52, a P/E/G ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a 1 year low of $164.30 and a 1 year high of $254.31. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The stock’s fifty day moving average price is $241.25 and its two-hundred day moving average price is $222.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping 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 business had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter last year, the company earned $4.33 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. As a group, analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

Institutional Investors Weigh In On JPMorgan Chase & Co.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Eagle Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock valued at $4,423,000 after acquiring an additional 84 shares during the period. Fiera Capital Corp increased its holdings in JPMorgan Chase & Co. by 1.7% during the 2nd quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock valued at $756,000 after purchasing an additional 63 shares during the period. Vawter Financial Ltd. raised its position in JPMorgan Chase & Co. by 30.5% during the 2nd quarter. Vawter Financial Ltd. now owns 3,550 shares of the financial services provider’s stock valued at $718,000 after purchasing an additional 829 shares during the last quarter. Foundations Investment Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 6.7% in the 2nd quarter. Foundations Investment Advisors LLC now owns 95,156 shares of the financial services provider’s stock worth $19,246,000 after buying an additional 5,946 shares during the period. Finally, Wealth Effects LLC grew its position in shares of JPMorgan Chase & Co. by 1.0% in the 2nd quarter. Wealth Effects LLC now owns 30,788 shares of the financial services provider’s stock worth $6,227,000 after buying an additional 311 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

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.