JPMorgan Chase & Co. (NYSE:JPM) Stock Price Up 0.5% on Analyst Upgrade

JPMorgan Chase & Co. (NYSE:JPM) shares traded up 0.5% on Friday after Evercore ISI raised their price target on the stock from $188.00 to $210.00. Evercore ISI currently has an outperform rating on the stock. JPMorgan Chase & Co. traded as high as $196.82 and last traded at $196.68. 1,628,434 shares changed hands during trading, a decline of 82% from the average session volume of 8,893,389 shares. The stock had previously closed at $195.65.

Several other analysts have also issued reports on JPM. Piper Sandler boosted their target price on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Oppenheimer reduced their price objective on shares of JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price target for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $183.89.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,812 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total transaction of $301,969.80. Following the completion of the sale, the insider now directly owns 46,766 shares in the company, valued at $7,793,553.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, General Counsel Stacey Friedman sold 6,030 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90. Following the completion of the transaction, the general counsel now directly owns 59,456 shares in the company, valued at $10,864,394.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Peter Scher sold 1,812 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total transaction of $301,969.80. Following the completion of the sale, the insider now owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 849,303 shares of company stock worth $155,107,447. 0.79% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Several institutional investors have recently made changes to their positions in JPM. Oarsman Capital Inc. raised its holdings in shares of JPMorgan Chase & Co. by 0.5% in the 4th quarter. Oarsman Capital Inc. now owns 11,008 shares of the financial services provider’s stock worth $1,872,000 after buying an additional 59 shares in the last quarter. Curbstone Financial Management Corp grew its holdings in shares of JPMorgan Chase & Co. by 0.3% in the 4th quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider’s stock valued at $4,070,000 after acquiring an additional 60 shares in the last quarter. Grey Street Capital LLC increased its position in shares of JPMorgan Chase & Co. by 0.9% during the 4th quarter. Grey Street Capital LLC now owns 6,994 shares of the financial services provider’s stock worth $1,190,000 after purchasing an additional 60 shares during the last quarter. Intrepid Capital Management Inc. grew its position in shares of JPMorgan Chase & Co. by 5.4% in the 4th quarter. Intrepid Capital Management Inc. now owns 1,178 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 60 shares during the period. Finally, Financial Management Network Inc. increased its holdings in shares of JPMorgan Chase & Co. by 0.8% during the 4th quarter. Financial Management Network Inc. now owns 7,523 shares of the financial services provider’s stock worth $1,296,000 after acquiring an additional 61 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 0.4 %

The firm has a 50 day simple moving average of $185.66 and a two-hundred day simple moving average of $165.66. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $565.70 billion, a P/E ratio of 12.13, a PEG ratio of 2.51 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The firm had revenue of $38.57 billion for the quarter, compared to analysts’ expectations of $39.73 billion. During the same period last year, the company posted $3.57 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that JPMorgan Chase & Co. will post 15.8 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.89%.

About JPMorgan Chase & Co.

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.