JPMorgan Chase & Co. (NYSE:JPM) Receives Average Rating of “Moderate Buy” from Analysts

JPMorgan Chase & Co. (NYSE:JPM) has received a consensus rating of “Moderate Buy” from the twenty-seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Thirteen analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $339.7273.

Several equities research analysts recently issued reports on JPM shares. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. TD Cowen restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, January 7th. Piper Sandler lifted their price target on shares of JPMorgan Chase & Co. from $336.00 to $345.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Loop Capital set a $310.00 price objective on JPMorgan Chase & Co. in a report on Thursday, October 23rd. Finally, CICC Research began coverage on JPMorgan Chase & Co. in a research note on Wednesday, January 14th. They set an “outperform” rating and a $355.00 target price for the company.

Check Out Our Latest Stock Analysis on JPM

More JPMorgan Chase & Co. News

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Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 2,893 shares of the stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $312.79, for a total transaction of $904,901.47. Following the completion of the transaction, the chief financial officer owned 26,696 shares of the company’s stock, valued at $8,350,241.84. This trade represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jennifer Piepszak sold 8,571 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $312.79, for a total transaction of $2,680,923.09. Following the sale, the chief operating officer owned 71,027 shares of the company’s stock, valued at approximately $22,216,535.33. This represents a 10.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 21,164 shares of company stock valued at $6,579,748 over the last 90 days. 0.47% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JPM. Royal Capital Wealth Management LLC boosted its position in shares of JPMorgan Chase & Co. by 0.3% during the fourth quarter. Royal Capital Wealth Management LLC now owns 22,552 shares of the financial services provider’s stock worth $7,267,000 after buying an additional 60 shares during the period. Strive Financial Group LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth about $326,000. First Commonwealth Financial Corp PA boosted its holdings in JPMorgan Chase & Co. by 0.7% during the 4th quarter. First Commonwealth Financial Corp PA now owns 17,697 shares of the financial services provider’s stock valued at $5,702,000 after acquiring an additional 115 shares during the period. Blue Sparrow LLC DE acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $88,314,000. Finally, Mercer Global Advisors Inc. ADV grew its position in JPMorgan Chase & Co. by 8.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 760,957 shares of the financial services provider’s stock valued at $250,824,000 after acquiring an additional 61,414 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $309.03 on Thursday. The business’s 50 day moving average price is $315.40 and its 200 day moving average price is $307.87. The company has a market cap of $833.45 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 1.50 and a beta of 1.07. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.86 and a current ratio of 0.85. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $337.25.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its earnings results on Tuesday, January 13th. The financial services provider reported $5.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.93 by $0.30. JPMorgan Chase & Co. had a return on equity of 17.16% and a net margin of 20.35%.The business had revenue of $45.80 billion during the quarter, compared to the consensus estimate of $45.98 billion. During the same period last year, the company earned $4.81 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Tuesday, January 6th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.99%.

About JPMorgan Chase & Co.

(Get Free Report)

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

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Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

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