JPMorgan Chase & Co. (NYSE:JPM) Trading 0.6% Higher – Here’s What Happened

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up 0.6% on Friday . The stock traded as high as $270.82 and last traded at $269.78. 1,578,152 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 10,194,998 shares. The stock had previously closed at $268.23.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Truist Financial raised their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Evercore ISI raised their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price for the company. in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $251.78.

JPMorgan Chase & Co. Stock Down 0.0 %

The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The stock has a fifty day moving average price of $247.54 and a two-hundred day moving average price of $227.91. The company has a market cap of $755.14 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 2.87 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. During the same quarter last year, the company earned $3.04 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, research analysts expect that JPMorgan Chase & Co. will post 17.82 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm 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. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.86%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.33%.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.79% of the stock is currently owned by corporate insiders.

Institutional Trading of JPMorgan Chase & Co.

A number of hedge funds have recently bought and sold shares of the business. GAM Holding AG increased its position in JPMorgan Chase & Co. by 9.3% in the fourth quarter. GAM Holding AG now owns 90,711 shares of the financial services provider’s stock worth $21,744,000 after buying an additional 7,746 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its position in JPMorgan Chase & Co. by 2.1% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 105,297 shares of the financial services provider’s stock worth $25,241,000 after buying an additional 2,195 shares during the last quarter. Mraz Amerine & Associates Inc. purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth $250,000. Venturi Wealth Management LLC increased its position in JPMorgan Chase & Co. by 96.8% in the fourth quarter. Venturi Wealth Management LLC now owns 17,934 shares of the financial services provider’s stock worth $4,299,000 after buying an additional 8,819 shares during the last quarter. Finally, Fortis Group Advisors LLC increased its position in JPMorgan Chase & Co. by 299.7% in the fourth quarter. Fortis Group Advisors LLC now owns 1,215 shares of the financial services provider’s stock worth $291,000 after buying an additional 911 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

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.