Other research analysts have also recently issued research reports about the company. Buckingham Research raised JPMorgan Chase & Co. from a neutral rating to a buy rating in a research report on Thursday, December 21st. Wells Fargo set a $120.00 price objective on JPMorgan Chase & Co. and gave the stock a buy rating in a research report on Wednesday, December 20th. Royal Bank of Canada reissued a buy rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Credit Suisse Group raised JPMorgan Chase & Co. to a buy rating and set a $120.00 price objective on the stock in a research report on Friday, January 5th. Finally, Vining Sparks reissued a buy rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of Buy and a consensus target price of $112.14.
JPMorgan Chase & Co. stock opened at $107.01 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.01. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $119.33. The firm has a market capitalization of $367,253.94, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 1.81 and a beta of 1.18.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 6th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.09%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 35.56%.
In related news, insider Peter Scher sold 26,532 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $113.42, for a total transaction of $3,009,259.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James S. Crown acquired 7,280 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were bought at an average cost of $113.37 per share, for a total transaction of $825,333.60. Following the acquisition, the director now directly owns 305,875 shares in the company, valued at approximately $34,677,048.75. The disclosure for this purchase can be found here. Insiders have sold a total of 152,047 shares of company stock worth $17,098,115 in the last three months. 0.88% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of JPM. Janus Henderson Group PLC increased its stake in JPMorgan Chase & Co. by 517.3% in the 2nd quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock worth $507,632,000 after acquiring an additional 4,654,113 shares during the last quarter. Stifel Financial Corp increased its stake in JPMorgan Chase & Co. by 9,301.6% in the 3rd quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock worth $415,662,000 after acquiring an additional 4,305,449 shares during the last quarter. Alliancebernstein L.P. increased its stake in JPMorgan Chase & Co. by 29.2% in the 2nd quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock worth $1,595,542,000 after acquiring an additional 3,945,948 shares during the last quarter. Vanguard Group Inc. increased its stake in JPMorgan Chase & Co. by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after acquiring an additional 3,717,683 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in JPMorgan Chase & Co. by 40.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock worth $892,886,000 after acquiring an additional 2,828,726 shares during the last quarter. 74.50% of the stock is currently owned by institutional investors and hedge funds.
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JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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