JPMorgan Chase & Co. Declares Quarterly Dividend of $1.25 (NYSE:JPM)

JPMorgan Chase & Co. (NYSE:JPM) declared a quarterly dividend on Monday, December 9th,RTT News reports. Stockholders of record on Monday, January 6th will be paid a dividend of 1.25 per share by the financial services provider on Friday, January 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.05%.

JPMorgan Chase & Co. has raised its dividend payment by an average of 4.0% per year over the last three years and has increased its dividend every year for the last 14 years. JPMorgan Chase & Co. has a payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect JPMorgan Chase & Co. to earn $16.69 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 30.0%.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $243.81 on Tuesday. The stock has a market capitalization of $686.41 billion, a PE ratio of 13.57, a PEG ratio of 3.59 and a beta of 1.11. The business’s 50 day simple moving average is $231.34 and its 200 day simple moving average is $215.71. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a one year low of $158.15 and a one year high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same period in the prior year, the firm posted $4.33 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, research analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

Analyst Ratings Changes

JPM has been the subject of a number of recent analyst reports. Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a report on Thursday, November 7th. Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a “market perform” rating in a report on Tuesday, December 3rd. Piper Sandler increased their price target on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Citigroup lifted their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Finally, Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $234.81.

JPMorgan Chase & Co. Company Profile

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.