JPMorgan Chase & Co. (NYSE:JPM) Trading Up 0.5%

JPMorgan Chase & Co. (NYSE:JPM)’s share price shot up 0.5% on Friday . The company traded as high as $211.04 and last traded at $210.85. 1,126,042 shares were traded during mid-day trading, a decline of 88% from the average session volume of 9,144,569 shares. The stock had previously closed at $209.78.

Analysts Set New Price Targets

JPM has been the subject of several analyst reports. Morgan Stanley lowered their price objective on JPMorgan Chase & Co. from $226.00 to $220.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Jefferies Financial Group increased their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Tuesday, July 9th. Finally, BMO Capital Markets lifted their target price on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $211.06.

JPMorgan Chase & Co. Trading Up 0.3 %

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The company’s fifty day moving average price is $211.47 and its two-hundred day moving average price is $202.50. The firm has a market cap of $598.91 billion, a PE ratio of 11.74, a P/E/G ratio of 2.39 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. During the same quarter in the previous year, the company earned $4.37 EPS. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 16.72 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be given a $1.25 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Friday, October 4th. This represents a $5.00 annualized dividend and a yield of 2.38%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.66%.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Institutional investors have recently made changes to their positions in the stock. Gilbert & Cook Inc. grew its holdings in shares of JPMorgan Chase & Co. by 1.5% in the 4th quarter. Gilbert & Cook Inc. now owns 11,360 shares of the financial services provider’s stock worth $1,932,000 after acquiring an additional 164 shares during the period. Aveo Capital Partners LLC grew its holdings in JPMorgan Chase & Co. by 13.0% in the fourth quarter. Aveo Capital Partners LLC now owns 5,151 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 591 shares during the last quarter. Gryphon Financial Partners LLC grew its holdings in JPMorgan Chase & Co. by 66.9% in the fourth quarter. Gryphon Financial Partners LLC now owns 25,004 shares of the financial services provider’s stock valued at $4,238,000 after purchasing an additional 10,025 shares during the last quarter. Partners Capital Investment Group LLP increased its position in shares of JPMorgan Chase & Co. by 44.6% in the fourth quarter. Partners Capital Investment Group LLP now owns 7,737 shares of the financial services provider’s stock valued at $1,316,000 after buying an additional 2,385 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC raised its stake in shares of JPMorgan Chase & Co. by 1.7% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 5,957 shares of the financial services provider’s stock worth $1,013,000 after buying an additional 101 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Company Profile

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.