JPMorgan Chase & Co. (NYSE:JPM) Stock Price Up 0.4% – Should You Buy?

JPMorgan Chase & Co. (NYSE:JPM) shares rose 0.4% on Thursday . The stock traded as high as $268.98 and last traded at $267.62. Approximately 1,549,885 shares were traded during trading, a decline of 85% from the average daily volume of 10,276,010 shares. The stock had previously closed at $266.58.

Analyst Ratings Changes

JPM has been the topic of a number of recent research reports. Robert W. Baird cut shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price on the stock. in a report on Thursday, November 7th. Bank of America boosted their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research report on Friday, January 3rd. Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. Finally, Barclays increased their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. Trading Up 0.6 %

The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The firm’s 50-day simple moving average is $247.08 and its 200 day simple moving average is $227.63. The stock has a market capitalization of $755.17 billion, a P/E ratio of 13.59, a PEG ratio of 2.83 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The firm had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the firm posted $3.04 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 17.82 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 25.33%.

Insider Activity

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the sale, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.79% of the stock is currently owned by corporate insiders.

Institutional Trading of JPMorgan Chase & Co.

A number of large investors have recently bought and sold shares of the stock. Centerpoint Advisory Group acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $1,834,000. Palumbo Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 2.0% in the fourth quarter. Palumbo Wealth Management LLC now owns 11,412 shares of the financial services provider’s stock valued at $2,736,000 after buying an additional 225 shares in the last quarter. bLong Financial LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter worth about $1,816,000. Everhart Financial Group Inc. raised its position in JPMorgan Chase & Co. by 3.1% in the 4th quarter. Everhart Financial Group Inc. now owns 25,553 shares of the financial services provider’s stock valued at $6,125,000 after buying an additional 759 shares during the last quarter. Finally, Check Capital Management Inc. CA bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $226,000. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.