JPMorgan Chase & Co. (NYSE:JPM) Price Target Increased to $221.00 by Analysts at Oppenheimer

JPMorgan Chase & Co. (NYSE:JPM) had its target price increased by Oppenheimer from $215.00 to $221.00 in a report published on Monday, Benzinga reports. Oppenheimer currently has an outperform rating on the financial services provider’s stock.

Other equities research analysts have also issued reports about the company. Barclays lifted their price target on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an overweight rating in a report on Monday. Wolfe Research lowered JPMorgan Chase & Co. from an outperform rating to a peer perform rating in a report on Monday, July 8th. StockNews.com upgraded JPMorgan Chase & Co. from a sell rating to a hold rating in a report on Saturday, July 13th. UBS Group lifted their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a buy rating in a report on Tuesday, May 21st. Finally, Evercore ISI reiterated an outperform rating and set a $210.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, July 3rd. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $202.89.

JPMorgan Chase & Co. Trading Down 3.2 %

NYSE:JPM opened at $209.98 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $217.56. The stock’s 50-day moving average is $201.35 and its two-hundred day moving average is $190.00. 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 released its earnings results 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. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion for the quarter, compared to analysts’ expectations of $42.23 billion. During the same quarter in the previous year, the business posted $4.37 EPS. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 16.66 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the sale, the insider now directly owns 217,351 shares in the company, valued at $42,087,847.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Ashley Bacon sold 5,086 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total transaction of $984,853.04. Following the sale, the insider now owns 217,351 shares in the company, valued at $42,087,847.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Elena A. Korablina sold 21,829 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the sale, the insider now owns 6,484 shares in the company, valued at approximately $1,237,860.44. The disclosure for this sale can be found here. Insiders have sold 72,343 shares of company stock worth $14,137,789 over the last three months. Company insiders own 0.79% of the company’s stock.

Institutional Trading of JPMorgan Chase & Co.

Several large investors have recently made changes to their positions in JPM. Gemmer Asset Management LLC boosted its holdings in JPMorgan Chase & Co. by 1.6% in the second quarter. Gemmer Asset Management LLC now owns 3,135 shares of the financial services provider’s stock valued at $634,000 after acquiring an additional 48 shares during the last quarter. Northside Capital Management LLC boosted its holdings in JPMorgan Chase & Co. by 0.7% in the second quarter. Northside Capital Management LLC now owns 6,750 shares of the financial services provider’s stock valued at $1,365,000 after acquiring an additional 50 shares during the last quarter. Highland Financial Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 0.7% in the second quarter. Highland Financial Advisors LLC now owns 7,056 shares of the financial services provider’s stock valued at $1,427,000 after acquiring an additional 50 shares during the last quarter. Trust Co of the South boosted its holdings in JPMorgan Chase & Co. by 1.1% in the first quarter. Trust Co of the South now owns 4,946 shares of the financial services provider’s stock valued at $991,000 after acquiring an additional 53 shares during the last quarter. Finally, Forza Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 0.3% in the second quarter. Forza Wealth Management LLC now owns 17,257 shares of the financial services provider’s stock valued at $3,490,000 after acquiring an additional 53 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.