Brokerages Set JPMorgan Chase & Co. (NYSE:JPM) PT at $181.63

JPMorgan Chase & Co. (NYSE:JPM) has received an average rating of “Moderate Buy” from the nineteen research firms that are covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $181.63.

Several equities research analysts have commented on the stock. Piper Sandler boosted their target price on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Barclays boosted their target price on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Finally, BMO Capital Markets boosted their target price on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a research note on Tuesday, January 16th.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $199.52 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $574.69 billion, a P/E ratio of 12.30, a P/E/G ratio of 2.46 and a beta of 1.14. The company’s fifty day moving average is $181.58 and its two-hundred day moving average is $163.37. JPMorgan Chase & Co. has a 1 year low of $126.22 and a 1 year high of $200.48.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.69). The company had revenue of $38.57 billion for the quarter, compared to analysts’ expectations of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. JPMorgan Chase & Co.’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.57 earnings per share. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 15.84 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be paid a dividend of $1.15 per share. The ex-dividend date is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.31%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.89%.

Insider Activity

In other news, Vice Chairman Peter Scher sold 1,812 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total transaction of $301,969.80. Following the completion of the transaction, the insider now owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Vice Chairman Peter Scher sold 1,812 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total transaction of $301,969.80. Following the completion of the sale, the insider now owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Lori A. Beer sold 3,920 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the sale, the insider now directly owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. Insiders sold a total of 849,303 shares of company stock valued at $155,107,447 in the last 90 days. 0.79% of the stock is currently owned by insiders.

Institutional Trading of JPMorgan Chase & Co.

Institutional investors and hedge funds have recently bought and sold shares of the business. Valicenti Advisory Services Inc. increased its position in JPMorgan Chase & Co. by 2.9% during the 3rd quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider’s stock worth $11,586,000 after purchasing an additional 2,220 shares in the last quarter. Hilltop Holdings Inc. boosted its holdings in JPMorgan Chase & Co. by 4.4% in the 2nd quarter. Hilltop Holdings Inc. now owns 34,079 shares of the financial services provider’s stock worth $4,956,000 after acquiring an additional 1,439 shares during the period. Joseph Group Capital Management boosted its holdings in JPMorgan Chase & Co. by 7.6% in the 2nd quarter. Joseph Group Capital Management now owns 12,958 shares of the financial services provider’s stock worth $1,885,000 after acquiring an additional 916 shares during the period. TKG Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 97.6% in the 3rd quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider’s stock worth $1,915,000 after acquiring an additional 6,521 shares during the period. Finally, Alley Investment Management Company LLC boosted its holdings in JPMorgan Chase & Co. by 0.4% in the 3rd quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider’s stock worth $18,405,000 after acquiring an additional 530 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

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.