JPMorgan Chase & Co. (NYSE:JPM) Price Target Raised to $264.00

JPMorgan Chase & Co. (NYSE:JPM) had its target price lifted by Keefe, Bruyette & Woods from $257.00 to $264.00 in a report released on Thursday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.

JPM has been the topic of several other research reports. Evercore ISI raised their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Daiwa Capital Markets lowered their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Wolfe Research raised shares of 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 note on Friday, January 3rd. Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Finally, Citigroup lifted their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $251.78.

JPMorgan Chase & Co. Trading Up 2.0 %

Shares of NYSE:JPM opened at $259.46 on Thursday. The company has a market cap of $730.47 billion, a PE ratio of 14.44, a P/E/G ratio of 3.16 and a beta of 1.11. The company’s 50-day moving average price is $243.50 and its 200 day moving average price is $224.30. JPMorgan Chase & Co. has a fifty-two week low of $165.24 and a fifty-two week high of $260.62. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. JPMorgan Chase & Co.’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm posted $3.04 EPS. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.46 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.82%.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction 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. This trade represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.79% of the stock is currently owned by corporate insiders.

Institutional Trading of JPMorgan Chase & Co.

A number of institutional investors have recently added to or reduced their stakes in the business. FCG Investment Co lifted its stake in JPMorgan Chase & Co. by 5.6% in the fourth quarter. FCG Investment Co now owns 19,228 shares of the financial services provider’s stock valued at $4,609,000 after acquiring an additional 1,021 shares during the last quarter. Lifestyle Asset Management Inc. lifted its stake in JPMorgan Chase & Co. by 4.4% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,083 shares of the financial services provider’s stock valued at $260,000 after acquiring an additional 46 shares during the last quarter. Spinnaker Investment Group LLC lifted its stake in JPMorgan Chase & Co. by 3.1% in the fourth quarter. Spinnaker Investment Group LLC now owns 5,049 shares of the financial services provider’s stock valued at $1,210,000 after acquiring an additional 152 shares during the last quarter. Apeiron RIA LLC lifted its stake in JPMorgan Chase & Co. by 6.6% in the fourth quarter. Apeiron RIA LLC now owns 2,798 shares of the financial services provider’s stock valued at $671,000 after acquiring an additional 173 shares during the last quarter. Finally, Secure Asset Management LLC lifted its stake in JPMorgan Chase & Co. by 0.5% in the fourth quarter. Secure Asset Management LLC now owns 15,493 shares of the financial services provider’s stock valued at $3,714,000 after acquiring an additional 84 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

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.