JPMorgan Chase & Co. (NYSE:JPM) Stock Keeps Neutral Rating at Jefferies Financial Group

Jefferies Financial Group reissued their neutral rating on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research note published on Friday morning.

Several other analysts have also commented on JPM. Robert W. Baird raised their target price on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. The Goldman Sachs Group reissued a “buy” rating and set a $418.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $375.00 price objective on the stock in a report on Wednesday, July 22nd. Truist Financial upped their price objective on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Sixteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $360.58.

JPMorgan Chase & Co. Trading Up 1.3%

Shares of JPMorgan Chase & Co. stock opened at $342.99 on Friday. The firm has a market capitalization of $911.74 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 1.39 and a beta of 0.98. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $366.50. The firm’s 50 day simple moving average is $353.76 and its two-hundred day simple moving average is $325.46.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.59 by $0.55. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The company had revenue of $58.02 billion during the quarter, compared to analysts’ expectations of $50.72 billion. During the same quarter in the previous year, the firm posted $4.96 EPS. The firm’s revenue was up 27.7% compared to the same quarter last year. Analysts predict that JPMorgan Chase & Co. will post 24.3 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be given a dividend of $1.65 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.71%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the sale, the insider owned 71,047 shares of the company’s stock, valued at $25,066,092.07. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Several large investors have recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in JPMorgan Chase & Co. by 0.8% in the second quarter. State Street Corp now owns 125,209,293 shares of the financial services provider’s stock valued at $40,984,758,000 after purchasing an additional 932,632 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of JPMorgan Chase & Co. by 6.1% during the second quarter. Bank of America Corp DE now owns 69,666,753 shares of the financial services provider’s stock worth $22,804,018,000 after buying an additional 4,006,293 shares during the period. Norges Bank purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $11,396,496,000. Bank of New York Mellon Corp grew its position in JPMorgan Chase & Co. by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 21,642,804 shares of the financial services provider’s stock valued at $7,084,339,000 after buying an additional 540,362 shares during the last quarter. Finally, Legal & General Group Plc raised its position in JPMorgan Chase & Co. by 0.6% during the 4th quarter. Legal & General Group Plc now owns 19,019,564 shares of the financial services provider’s stock worth $6,128,484,000 after buying an additional 110,586 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan is exploring a private-credit “second-look” program for credit-card applicants. The initiative could expand approvals and card revenue while using additional underwriting to control losses and limit exposure to riskier borrowers. Can Private Credit Unlock More Growth for JPMorgan’s Card Business?
• Positive Sentiment: A new partnership with Thunes is intended to broaden JPMorgan’s cross-border payments reach across more than 100 corridors, adding local payment methods and faster payouts. This supports growth in the bank’s payments franchise. JPM’s Thunes Partnership
• Positive Sentiment: J.P. Morgan Asset Management and Paraguay announced a $200 million sustainable-forestry investment. The transaction could modestly support JPM’s asset-management and sustainable-investing businesses. Paraguay Sustainable Forestry Investment
• Neutral Sentiment: JPMorgan strategists see as much as $115 billion potentially flowing into Indian equities as investors diversify away from crowded artificial-intelligence trades. The view highlights the bank’s global research and investment-banking franchise but is not a direct earnings forecast for JPM.
• Neutral Sentiment: JPMorgan’s market strategists remain constructive on equities despite higher bond yields, while its analysts continue to promote opportunities in AI infrastructure, REITs and energy. These calls may enhance JPMorgan’s advisory profile but have limited immediate impact on its own shares.
• Negative Sentiment: Jefferies lowered its JPMorgan price target to $365 from $370 and reiterated a Hold rating. The revision signals limited near-term upside after the stock’s strong performance and may weigh on sentiment. Jefferies Adjusts JPMorgan Price Target

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, payments, investment banking, asset management and wealth management services to consumers, businesses, institutional clients and governments.

The company operates through four primary business areas: Consumer & Community Banking; Commercial & Investment Banking; Asset & Wealth Management; and Corporate. Its offerings include deposit accounts, credit cards, mortgages, auto loans, business banking, commercial lending, treasury services, investment banking, securities trading, investment management and private banking.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across numerous international markets.