JPMorgan Chase & Co. (NYSE:JPM) Sets New 1-Year High – What’s Next?

JPMorgan Chase & Co. (NYSE:JPM)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $280.25 and last traded at $279.30, with a volume of 7005213 shares traded. The stock had previously closed at $279.95.

Wall Street Analyst Weigh In

Several analysts recently commented on JPM shares. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research report 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. Citigroup increased 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. Oppenheimer cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Finally, Truist Financial lifted their price objective on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus price target of $251.78.

JPMorgan Chase & Co. Price Performance

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 stock has a market cap of $786.31 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 2.93 and a beta of 1.12. The stock has a fifty day moving average of $255.13 and a two-hundred day moving average of $234.26.

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 (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same period in the prior year, the business earned $3.04 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were issued a $1.25 dividend. The ex-dividend date was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.79%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.33%.

Insider Activity

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was 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 owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.79% of the company’s stock.

Institutional Trading of JPMorgan Chase & Co.

Several hedge funds have recently made changes to their positions in the stock. AMF Tjanstepension AB grew its holdings in shares of JPMorgan Chase & Co. by 17.2% during the third quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock valued at $99,972,000 after buying an additional 69,451 shares in the last quarter. Alpha Financial Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 11.5% in the third quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider’s stock worth $702,000 after buying an additional 343 shares during the last quarter. Calton & Associates Inc. lifted its position in shares of JPMorgan Chase & Co. by 307.3% during the 3rd quarter. Calton & Associates Inc. now owns 33,750 shares of the financial services provider’s stock worth $7,117,000 after purchasing an additional 25,464 shares during the last quarter. Violich Capital Management Inc. lifted its position in shares of JPMorgan Chase & Co. by 0.5% during the 3rd quarter. Violich Capital Management Inc. now owns 19,795 shares of the financial services provider’s stock worth $4,174,000 after purchasing an additional 100 shares during the last quarter. Finally, Koss Olinger Consulting LLC lifted its position in shares of JPMorgan Chase & Co. by 4.0% during the 3rd quarter. Koss Olinger Consulting LLC now owns 3,496 shares of the financial services provider’s stock worth $737,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

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.