JPMorgan Chase & Co. (NYSE:JPM) Shares Up 1.1% – What’s Next?

JPMorgan Chase & Co. (NYSE:JPM) traded up 1.1% during trading on Friday . The stock traded as high as $317.21 and last traded at $312.55. 14,485,963 shares changed hands during trading, an increase of 12% from the average session volume of 12,917,617 shares. The stock had previously closed at $309.26.

Key JPMorgan Chase & Co. News

Here are the key news stories impacting JPMorgan Chase & Co. this week:

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $354.00 to $363.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. UBS Group raised their price target on JPMorgan Chase & Co. from $339.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Weiss Ratings reissued a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a report on Monday, December 22nd. Zacks Research lowered JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, Dbs Bank upgraded shares of JPMorgan Chase & Co. to a “hold” rating in a report on Tuesday, October 21st. Fifteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average price target of $336.32.

View Our Latest Stock Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Trading Up 1.1%

The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $850.84 billion, a PE ratio of 15.62, a P/E/G ratio of 1.50 and a beta of 1.07. The business’s fifty day moving average is $315.43 and its 200-day moving average is $305.04.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its quarterly earnings results on Tuesday, January 13th. The financial services provider reported $5.23 earnings per share for the quarter, beating analysts’ consensus estimates of $4.93 by $0.30. The company had revenue of $46.77 billion for the quarter, compared to analyst estimates of $45.98 billion. JPMorgan Chase & Co. had a net margin of 20.35% and a return on equity of 17.16%. JPMorgan Chase & Co.’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $4.81 EPS. As a group, analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Tuesday, January 6th will be paid a dividend of $1.50 per share. The ex-dividend date is Tuesday, January 6th. This represents a $6.00 annualized dividend and a yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.99%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 966 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $311.92, for a total transaction of $301,314.72. Following the completion of the sale, the insider owned 58,479 shares of the company’s stock, valued at approximately $18,240,769.68. This represents a 1.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. MRA Advisory Group boosted its position in shares of JPMorgan Chase & Co. by 16.0% in the fourth quarter. MRA Advisory Group now owns 5,543 shares of the financial services provider’s stock worth $1,786,000 after buying an additional 764 shares during the period. Bouchey Financial Group Ltd lifted its position in JPMorgan Chase & Co. by 0.4% during the 4th quarter. Bouchey Financial Group Ltd now owns 8,740 shares of the financial services provider’s stock worth $2,816,000 after acquiring an additional 37 shares in the last quarter. M3 Advisory Group LLC boosted its holdings in JPMorgan Chase & Co. by 1.4% in the 4th quarter. M3 Advisory Group LLC now owns 4,075 shares of the financial services provider’s stock worth $1,313,000 after acquiring an additional 55 shares during the period. Udine Wealth Management Inc. boosted its holdings in JPMorgan Chase & Co. by 2.9% in the 4th quarter. Udine Wealth Management Inc. now owns 31,989 shares of the financial services provider’s stock worth $10,307,000 after acquiring an additional 915 shares during the period. Finally, Pacific Sage Partners LLC grew its position in JPMorgan Chase & Co. by 7.4% in the fourth quarter. Pacific Sage Partners LLC now owns 1,123 shares of the financial services provider’s stock valued at $362,000 after acquiring an additional 77 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Company Profile

(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.

Further Reading

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